2612 W Pierson St Phoenix, AZ 85017
Alhambra NeighborhoodEstimated payment $3,703/month
Highlights
- Ceramic Tile Flooring
- Central Air
- Heating Available
- Phoenix Coding Academy Rated A
About This Home
Fully renovated triplex investment opportunity in Phoenix's 85017 Canyon Corridor. The property underwent a comprehensive refresh just over a year ago and has been meticulously maintained since. Major capital improvements include a new roof (July 2024), all new sewer lines from under-slab to city connection, and updated electrical wiring—rare peace of mind for multifamily in this vintage.
Each unit offers upgraded finishes with new flooring, cabinets, windows (with 2'' faux wood blinds), stainless steel appliances, in-unit stack washer/dryer, and private fenced backyards. Two of the three AC units and all water heaters installed in 2024. The property features block wall construction with metal security gates, a shared courtyard with picnic area, and strong tenant appeal. Currently 100% occupied. Grand Canyon University (GCU) is the neighborhood's dominant demand driver. Enrollment has surged from ~118,000 in 2023 to over 125,000 in 2024, and is projected to exceed 133,000 by 2025-26. The Phoenix campus now houses ~25,000 students, with ~17,000 living in 33 residence halls. GCU's growth generates year-round rental demand, service jobs, and billions in annual economic output for the area. Ongoing Canyon Corridor revitalization through public-private partnerships improving safety, streetscape, and long-term property values. Just off I-17 with direct access to Camelback Rd and 27th Ave. Served by Valley Metro bus routes and a short ride to light rail.
Listing Agent
My Home Group Real Estate License #SA670656000 Listed on: 09/16/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,321
Year Built
- Built in 1961
Home Design
- Block Exterior
Flooring
- Ceramic Tile Flooring
Parking
- 3 Open Parking Spaces
- 3 Parking Spaces
Utilities
- Central Air
- Heating Available
Listing and Financial Details
- Tax Lot 16
- Assessor Parcel Number 154-04-016
Community Details
Overview
- 3 Units
- Building Dimensions are 8597
- Altro Terrace Subdivision
Building Details
- Operating Expense $7,621
- Gross Income $34,200
- Net Operating Income $30,900
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| 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 | $1,321 | $9,197 | -- | -- |
| 2024 | $1,328 | $8,759 | -- | -- |
| 2023 | $1,328 | $25,880 | $5,170 | $20,710 |
| 2022 | $1,307 | $21,430 | $4,280 | $17,150 |
| 2021 | $1,319 | $21,210 | $4,240 | $16,970 |
| 2020 | $1,268 | $18,330 | $3,660 | $14,670 |
| 2019 | $1,253 | $15,370 | $3,070 | $12,300 |
| 2018 | $1,156 | $12,530 | $2,500 | $10,030 |
| 2017 | $1,142 | $13,450 | $2,690 | $10,760 |
| 2016 | $1,094 | $10,560 | $2,110 | $8,450 |
| 2015 | $1,035 | $8,450 | $1,690 | $6,760 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 09/16/2025 09/16/25 | For Sale | $675,000 | +8.0% | -- | |
| 08/09/2024 08/09/24 | Sold | $625,000 | +4.2% | $268 / Sq Ft | View Prior Sale |
| 07/09/2024 07/09/24 | For Sale | $600,000 | -- | $258 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $625,000 | Wfg National Title Insurance C | |
| Interfamily Deed Transfer | -- | Old Republic Title Agency | |
| Warranty Deed | -- | Old Republic Title Agency | |
| Warranty Deed | $180,000 | Driggs Title Agency Inc | |
| Warranty Deed | -- | None Available | |
| Cash Sale Deed | $37,000 | Lsi Title Company | |
| Trustee Deed | $49,000 | Fidelity Natl Title Ins Co | |
| Interfamily Deed Transfer | -- | Lsi Title Company | |
| Interfamily Deed Transfer | -- | Chicago Title Insurance Co | |
| Warranty Deed | $139,900 | Chicago Title Insurance Co | |
| Joint Tenancy Deed | $95,500 | Grand Canyon Title Agency | |
| Interfamily Deed Transfer | -- | Fidelity Title | |
| Warranty Deed | $84,500 | Fidelity Title |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $625,000 | VA | |
| Previous Owner | $255,000 | New Conventional | |
| Previous Owner | $241,700 | Commercial | |
| Previous Owner | $25,000 | Unknown | |
| Previous Owner | $25,000 | Purchase Money Mortgage | |
| Previous Owner | $111,920 | Purchase Money Mortgage | |
| Previous Owner | $20,985 | Purchase Money Mortgage | |
| Previous Owner | $85,950 | No Value Available |
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6921067
APN: 154-04-016
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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