1021 E Pierce St Phoenix, AZ 85006
Garfield NeighborhoodEstimated payment $7,514/month
Highlights
- Forced Air Heating and Cooling System
- Ceiling Fan
- Fenced
- Phoenix Coding Academy Rated A
- Hot Water Heating System
- Desert Landscape
About This Home
Incredible Investment Opportunity in the Heart of Historic Garfield - A rare and highly desirable 4-unit multifamily property nestled in one of Phoenix's most sought-after and culturally rich neighborhoods, the Historic Garfield District. Whether you're a seasoned investor or looking to house-hack your way to financial freedom, this property delivers cash flow with massive upside potential. Each spacious 900 sqft units features 3 bedrooms and 2 full bathrooms, offering a layout that commands top-of-market rents in today's competitive Phoenix rental market. With a projected average rental income of $2,100 per unit per month. Situated in the heart of the Historic Garfield District one of downtown Phoenix's most vibrant , walkable, and character-filled neighborhoods.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,795
Year Built
- Built in 2006
Lot Details
- Fenced
- Desert Landscape
Home Design
- Wood Frame Construction
- Composition Roof
- Stone Exterior Construction
- Stucco
- Stone
Interior Spaces
- 12 Bedrooms
- Ceiling Fan
Home Security
- Security Lights
- Fire and Smoke Detector
Parking
- 5 Open Parking Spaces
- 5 Parking Spaces
- Parking Available
- Additional Parking
- On-Street Parking
- Assigned Parking
Utilities
- Forced Air Heating and Cooling System
- Heating unit installed on the ceiling
- Hot Water Heating System
- Natural Gas Not Available
Listing and Financial Details
- The owner pays for water, sewer, electricity
- Tax Lot 116-27-111
- Assessor Parcel Number 113-27-111
Community Details
Overview
- 4 Units
- Building Dimensions are 0.158 acres
Building Details
- Operating Expense $2,795
- Gross Income $96,000
- Net Operating Income $80,000
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $2,795 | $19,679 | ||
| 2024 | $2,606 | $18,742 | ||
| 2023 | $2,606 | $64,900 | $12,980 | $51,920 |
| 2022 | $2,514 | $44,830 | $8,960 | $35,870 |
| 2021 | $2,495 | $36,410 | $7,280 | $29,130 |
| 2020 | $2,523 | $34,000 | $6,800 | $27,200 |
| 2019 | $2,519 | $31,680 | $6,330 | $25,350 |
| 2018 | $2,476 | $29,230 | $5,840 | $23,390 |
| 2017 | $2,419 | $29,550 | $5,910 | $23,640 |
| 2016 | $2,349 | $27,920 | $5,580 | $22,340 |
| 2015 | $2,174 | $25,050 | $5,010 | $20,040 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 08/06/2026 08/06/26 | For Sale | $1,280,000 | +1.2% | -- | |
| 03/21/2025 03/21/25 | Sold | $1,265,000 | +0.4% | $334 / Sq Ft | View Prior Sale |
| 03/07/2025 03/07/25 | Price Changed | $1,260,000 | 0.0% | $333 / Sq Ft | |
| 03/07/2025 03/07/25 | For Sale | $1,260,000 | 0.0% | $333 / Sq Ft | |
| 01/29/2025 01/29/25 | For Sale | $1,260,000 | -- | $333 / Sq Ft |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $1,265,000 | Roc Title Agency | |
| Quit Claim Deed | -- | Wfg Lender Services | |
| Warranty Deed | $550,000 | Camelback Title Agency Llc | |
| Warranty Deed | $460,000 | Camelback Title Agency Llc | |
| Interfamily Deed Transfer | -- | Camelback Title Agency Llc | |
| Cash Sale Deed | $41,200 | Arizona Title Agency Inc | |
| Cash Sale Deed | $30,950 | Stewart Title & Trust | |
| Warranty Deed | -- | Stewart Title & Trust |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $1,265,000 | VA | |
| Previous Owner | $904,428 | VA | |
| Previous Owner | $440,000 | New Conventional | |
| Previous Owner | $322,000 | Purchase Money Mortgage | |
| Previous Owner | $322,500 | Construction |
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 7076583
APN: 116-27-111
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS
Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393
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Ask me questions while you tour the home.