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Sold on 02/13/2016

1242 E Pierce St, Phoenix, AZ 85006

$185,000

Last sold 02/13/2016 after 136 Days

  • 4

    bed

  • 4

    bath

Multi-family not for sale
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About 1242 E Pierce St

Property type Multi-family
Neighborhood
Year built 1983
HOA fee $0/month
Property description
Low-maintenance 4plex built in 1983! Located in the Historic Garfield District area in the heart of Downtown. All good-sized 1 bedroom units. Separate utilities. Rents are well-below market. Off-street parking. Many recent improvements to the property. C/A. 100% occupancy. Expenses are estimated; buyer to do own due diligence and valuations.
Listed by
Listing Agent - James C Stephens
Listing Office - Phx Pro Realty
Source: ARMLS mls logo
MLS#5345789 • last updated 9 years ago
Movoto checked ARMLS for data 6 minutes ago
Overview
Cooling/AC Central Air, Individual, 2 Or More Units
Heating Individual, Central, Heat Pump
MLS # 5345789
Type Multiple Dwellings
Status Closed
Property Tax 1113
Year Built 1983
Interior
Flooring Vinyl
Appliances Built-In Range, Refrigerator
Exterior
Roof Composition
Construction Painted, Stucco, Block
Parking Paved, Free, 1 Space/Unit, On Street
# of Open Parking Spaces 4
Amenities / Utilities
Water Source City Franchise
Sewer/Septic Public Sewer
Location
Subdivision ERHARTS SUB
Community Features No Pool
Elementary School District Phoenix Elementary District
High School District Phoenix Union High School District
APN 116-24-035
Zoning R3
Directions Exit I-10 South On 7th Street To Fillmore. Fillmore East To 13th. 13th North To Pierce. Left, 2nd Building On Block.
Multifamily Details
Total # of Units 4
Expense: Operating 7969
Financial Data Source Owner, Projected Proforma
Vacancy Allowance 0.03
Net Operating Income 12734
Gross Income 19590.12
Expense: Other 6856
Gross Scheduled Income 20196
We are not permitted to show value estimates for this property.
  • Jan 2025
    mls logo MLS # 6760352
  • Jan 25, 2025 Sold
    $725,000
  • Jan 15, 2025 Pending
    —
  • Nov 13, 2024 Price Change
    $730,000 (-0.7%)
  • Oct 1, 2024 Price Change
    $735,000 (-0.7%)
  • Oct 1, 2024 Price Change
    $739,999
  • Sep 20, 2024 Listed
    $740,000 (+300.0%)
  • Jan 2025
    Public Records
  • Jan 22, 2025 Sold
    $725,000 (-0.7%)
  • Feb 2016
    mls logo MLS # 5345789
  • Feb 13, 2016 Sold
    $185,000
  • Sep 30, 2015 Listed
    $192,900 (+120.5%)
  • Feb 2016
    Public Records
  • Feb 1, 2016 Sold
    $185,000 (-4.1%)
  • Oct 2010
    Public Records
  • Oct 13, 2010 Sold
    $87,500 (-56.5%)
  • Mar 2005
    Public Records
  • Mar 16, 2005 Sold
    $201,000 (+111.6%)
  • Aug 2001
    Public Records
  • Aug 14, 2001 Sold
    $95,000
  • Year Property taxes Tax assessment
  • 2024
    $1,348 +1.0%
    $62,000
  • 2023
    $1,335 +3.7%
    $62,000 +55.54%
  • 2022
    $1,287 +0.8%
    $39,860 +42.87%
  • 2021
    $1,278 -1.2%
    $27,900 +19.59%
  • 2020
    $1,292 +0.2%
    $23,330 +7.12%
  • 2019
    $1,290 +1.7%
    $21,780 +59.56%
  • 2018
    $1,268 +2.4%
    $13,650 +7.82%
  • 2017
    $1,239 +2.9%
    $12,660 +9.33%
  • 2016
    $1,203 +8.1%
    $11,580
  • 2015
    $1,113
    —
  • 1242 E Pierce St
    $185K
  • Garfield
    $469K -3% y/y
  • 85006
    $470K -4% y/y
  • Phoenix
    $454K -2% y/y
No chart available
Statistics calculated by Movoto

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2/10
Garfield School
public Grades PK, K-8
Phoenix Elementary District
3/10
North High School
public Grades 9-12
Phoenix Union High School District
8/10
Phoenix Coding Academy
public Grades 9-12
Phoenix Union High School District
Source: GreatSchools.org © 2026. All rights reserved.

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