1510 E PIERCE Street, Phoenix, AZ 85006

$295,000
Property Type: Multiple Dwellings Bedrooms: 8 Baths: 4 Status: Closed
Current Price: $295,000 Last Modified: 10/02/2026

Overview

Description

This is a great 4-plex in the middle of a family neighborhood. Great ROI! Close to shopping including Ranch Market for groceries. Also there are many restaurants, public transportation and access to down town. Strong tenant base. There was a complete remodel including both roofs, some windows, as well as sheet rock freshening and paint 2016.

Listing Details MLS# 5711301

Location, Tax & Legal

Map Code/Grid
Q34
House Number
1510
Compass
E
Street Name
PIERCE
St Suffix
Street
City/Town Code
Phoenix
State/Province
AZ
Zip Code
85006
Zip4
3551
Country
US
County Code
Maricopa
Subdivision
Wallace Tract
Assessor Number
116-19-178
Tax Year
2017
Assessor's Map #
19
Legal Description (Abbrev)
WALLACE TRACT
Assessor's Parcel #
178
Add'l Parcels
No
Tax Municipality
Phoenix
Census Tract
113201
Taxes
1320
Legal
LOT 1 BLOCK 1 WALLACE TRACT MCR 000604
Marketing Name
uknown

Contract Info

Ownership
Fee Simple

General Property Description

Lot Size Dimensions
50 x 137
Year Built
1983
Uncvrd Parking Spcs
5
Total # of Units
4
# of Buildings
2
Zoning
[R-4] Multiple
Elementary School District
Phoenix Elementary District
High School District
Phoenix Union High School District

Remarks Misc

Cross Street
16th St & Pierce St
Directions
From 16th & Roosevelt go south on 16th to Pierce. Turn right on Pierce and look for the property on the right.

Status Change Info

Off Market Date
2018-03-01
Under Contract Date
2018-01-23
Close of Escrow Date
2018-02-28

Legal Info

Township
1N
Range
3E
Section
4
Lot Number
Yes

More Information

2 Bedroom Units

# 2 Bedroom Units
4
Avg Rent
500
Avg SqFt
615
# Baths
Yes

Structure

Bedrooms Total
8
Bathrooms Total
4

Income Expenses

Gross Annual Sch Inc
26700
Net Operating Income
13500

Sold Info

Loan Type
Conventional
Loan Years
30
Payment Type
Other
Closing Cost Split
Normal - N
Buyer Concession $/%
$
Seller Concession $/%
$
Buyer Concession to Seller
0
Seller Concession to Buyer
0

Project Type

Four Plex
Yes

Efficiency Units

Avg Rent
0

1 Bedroom Units

Avg Rent
0

3 Bedrooms Units

Avg Rent
0

4 Bedrooms Units

Avg Rent
0

Construction

Steel Frame
Yes

Const - Finish

Painted
Yes
Siding
Yes

Roofing

Composition
Yes

Floors

Vinyl
Yes
Ceramic Tile
Yes
Carpet
Yes

Sale Includes

Personal Property
Yes

Income & Expenses

Annual Elec Exp
0
Annual Gas Exp
0
Annual Ins Exp
1000
Annual Land Lse Exp
0
Annual Landscape Exp
600
Annual Legal & Acctg
0
Annual Maint Exp
1500
Annual Mgmt Exp
4800
Annual Trash Exp
0
Annual Wtr/Swr Exp
2300
Owner Association
No
Annual Ownr Asoc Fee
0
Annual PAD Fee
0
Annual Rplcmnt Rsrvs
0
Annual Other Expense
0
Operating Exp
11520
Other Income
0
Vacancy Allowance
0.1
Adjusted Gross Inc
24030
Total Monthly Rental Income
2200

Pmt & Rate Info

Cap Rate
4.52
Down Payment
0
Equity
299000
Down Payment %
0
Monthly Payments
0
Total Owed
0
Assessment Balance
0

Community Features

Play Area
Yes

Heating

Electric
Yes

Cooling

Electric
Yes

Exterior Amenities

Partially Fenced
Yes
Curb(s) & Gutter(s)
Yes

Interior Features

Unfurnished
Yes
Mini Blinds
Yes

Tenant Pays

Electricity
Yes
Cable TV
Yes

Appliances Included

Refrigerator
Yes
Free-Standing Range
Yes

Road Access Type

Alley
Yes

Road Surface Type

Asphalt
Yes

Source of Fincl Data

Owner
Yes

Water Source

City Franchise
Yes

Sewer

Sewer - Public
Yes

Parking Features

1 Space/Unit
Yes

Electric

APS
Yes
Individual Meter
Yes

Gas

None
Yes

Owner Pays

Water
Yes
Sewer
Yes
Trash Collection
Yes

New Financing

Conventional
Yes

Existing 1st Loan

Treat as Free&Clear
Yes

Existing 1st Loan Type

Not Applicable
Yes

Existing 1st Loan Terms

Not Applicable
Yes

Existing 2nd Loan

Treat as Free&Clear
Yes

Existing 2nd Loan Type

Not Applicable
Yes

Existing 2nd Loan Terms

Not Applicable
Yes

Existing 3rd Loan

Treat as Free&Clear
Yes

Existing 3rd Loan Type

Not Applicable
Yes

Reports/Disclosures

Seller Prop Disc Stm
Yes

Existing 3rd Loan Terms

Not Applicable
Yes

Environmental

None
Yes

Existing Othr Ln Trm

Not Applicable
Yes

Property Features

Project Type: Four Plex Construction: Steel Frame Const - Finish: Painted; Siding Roofing: Composition Floors: Vinyl; Ceramic Tile; Carpet Sale Includes: Personal Property Community Features: Play Area Exterior Amenities: Partially Fenced; Curb(s) & Gutter(s) Interior Features: Unfurnished; Mini Blinds Appliances Included: Free-Standing Range; Refrigerator Cooling: Electric Water Source: City Franchise Sewer: Sewer - Public Electric: APS; Individual Meter Gas: None Parking Features: 1 Space/Unit Road Access Type: Alley Road Surface Type: Asphalt Owner Pays: Water; Trash Collection Tenant Pays: Electricity; Cable TV Source of Fincl Data: Owner Existing 1st Loan: Treat as Free&Clear Existing 1st Loan Type: Not Applicable Existing 1st Loan Terms: Not Applicable Existing 2nd Loan: Treat as Free&Clear Existing 2nd Loan Type: Not Applicable Existing 2nd Loan Terms: Not Applicable Existing 3rd Loan: Treat as Free&Clear Existing 3rd Loan Type: Not Applicable Existing 3rd Loan Terms: Not Applicable Existing Othr Ln Trm: Not Applicable New Financing: Conventional Environmental: None
IDX
Listing Office: Keller Williams Realty Sonoran Living
Office Phone: 480-948-3338
Office Email: jeffmurray@kw.com
Last Updated: October - 02 - 2026
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