Properties

Phoenix, AZ 85017 2612 W Pierson Street

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Presented By: My Home Group Real Estate; 480-685-2760
  • MLS# 6921067
  • 09/16/2025
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Home Details

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 wiringโ€”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.
Presented By: My Home Group Real Estate; 480-685-2760

Interior Features for 2612 W Pierson Street

Bathrooms

Total Baths

Other Interior Features

Air Conditioning Y/NYes
FlooringCeramic Tile
Heating Y/NYes

General for 2612 W Pierson Street

Additional Parcels Y/NNo
Attached Garage No
Cap Rate4.58
Carport Y/NNo
CityPhoenix
Community FeaturesNo Pool
Construction MaterialsPainted, Block
CoolingCentral Air
CountyMaricopa
DirectionsFrom Camelback, go south on 27th Ave. to Pierson and take a left. Property is on the left hand side.
DisclosuresSeller Prop Disc Stm
ElectricAPS
Elementary School DistrictAlhambra Elementary District
Garage Y/NNo
Gross Income34200.0
HeatingElectric
High School DistrictPhoenix Union High School District
Insurance Expense3000.0
Lease Considered Y/NNo
Lease Renewal Y/NNo
MaintenanceExpense1800.0
MobileHomeRemainsYNNo
Net Operating Income30900.0
New ConstructionNo
New Financing: CashTrue
New Financing: ConventionalTrue
New Financing: FHATrue
New Financing: VATrue
Number Of Units Total3
Open Parking Spaces3.0
Operating Expense7621.0
OwnerPaysWater
OwnershipFee Simple
OwnershipFee Simple
Property TypeMultiple Dwellings
Rent Control Y/NNo
RoofOther
Senior CommunityN
SewerPublic Sewer
Standard StatusActive
StatusActive
Subdivision NameALTRO TERRACE
Tax Annual Amount1321.0
Tax Lot16
Tax Year2024
Water Sewer Expense1500.0
Year Built1961
ZoningR3

Exterior for 2612 W Pierson Street

Covered Spaces0.0
Crops Included Y/NNo
Irrigation Water Rights Y/NNo
Lot Dimensions8597
Number of Buildings1
Parking Features1 Space/Unit
Road Surface TypeAsphalt
SpaNo
Total Parking3.0
Water SourceCity Franchise

Additional Details

Price History

Connect Realty

Price $650,000
MLS#6921067
List Date 09/16/2025
Property Type Multi-Family
Phone 888.795.6274
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