For sale

$1,280,000

1021 E Pierce Street, Phoenix, AZ 85006

12beds

8baths

3,600sqft

$7,968/mo

Get pre-qualified

Multi Family

Built in 2006

-- sqft lot

$-- Zestimate^®

$356/sqft

$-- HOA

What's special

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.

66 days
99
14

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 12
Bathrooms: 8

Heating

Hot Water, Forced Air, Ceiling

Cooling

Central Air, Ceiling Fan(s)

Appliances

Included: Disposal, Dishwasher, Refrigerator, Free-Standing Electric Oven, Microwave, Washer/Dryer
Laundry: W/D Hookup

Features

Flooring: Laminate

Interior area

Total structure area: 3,600
Total interior livable area: 3,600 sqft

Property

Parking

Total spaces: 5
Parking features: Assigned, Add'l Parking Avail, 1 Space/Unit, On Street
Uncovered spaces: 5

Features

Exterior features: Sidewalk(s)

Lot

Size: 6,882 Square Feet
Dimensions: 0.158 acres

Details

Parcel number: 11327111
Zoning: R-3

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Wood Frame, Stucco, Stone
Roof: Composition

Condition

Year built: 2006

Utilities & green energy

Electric: APS
Sewer: Public Sewer
Water: City Franchise

Community & HOA

Community

Features: No Pool
Security: Security Lights

Location

Region: Phoenix

Financial & listing details

Price per square foot: $356/sqft
Tax assessed value: $926,800
Annual tax amount: $2,795
Date on market: 8/6/2026
Cumulative days on market: 36 days
Listing terms: VA Loan,Cash,Owner May Carry,Other (See Remarks),FHA
Ownership: Fee Simple
Electric utility on property: Yes
Road surface type: Asphalt

Estimated market value

Not available

Estimated sales range

Not available

Price history

Date	Event	Price
9/5/2026	Listed for sale	$1,280,000+1.2%$356/sqft
Source: ARMLS #7076583 Report a problem
3/21/2025	Sold	$1,265,000+0.4%$351/sqft
Source: ARMLS #6812277 Report a problem
1/29/2025	Listed for sale	$1,260,000+129.1%$350/sqft
Source: ARMLS #6812277 Report a problem
3/24/2021	Listing removed	--
Source: Owner Report a problem
11/6/2017	Listing removed	$975
Source: Owner Report a problem
11/1/2017	Listed for rent	$975+146.8%
Source: Owner Report a problem
11/9/2014	Listing removed	$395
Source: Zillow Rental Network Report a problem
10/9/2014	Listed for rent	$395
Source: Zillow Rental Network Report a problem
1/18/2007	Sold	$550,000+19.6%$153/sqft
Source: ARMLS #2649362 Report a problem
11/17/2006	Sold	$460,000+1016.5%$128/sqft
Source: Public Record Report a problem
8/30/2004	Sold	$41,200+33.1%$11/sqft
Source: Public Record Report a problem
11/16/1998	Sold	$30,950$9/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$2,795 +6.2%	$92,680 -0.9%
2024	$2,632 +1%	$93,520 +423.9%
2023	$2,606 +3.7%	$17,850 -60.2%
2022	$2,514 -0.4%	$44,830 +23.1%
2021	$2,523 +0.2%	$36,410 +7.1%
2020	$2,519 +1.7%	$34,000 +7.3%
2019	$2,476	$31,680 +8.4%
2018	$2,476 +2.4%	$29,230 -1.1%
2017	$2,419 +11.3%	$29,550 +5.8%
2016	$2,174 -4.3%	$27,920 +11.5%
2015	$2,271	$25,050 +43.4%
2014	--	$17,470 +40.5%
2013	--	$12,430 +22.1%
2012	--	$10,180 +31%
2011	--	$7,770 -78.5%
2010	--	$36,078 -43.2%
2009	--	$63,492 -9.6%
2008	--	$70,265 +3892.3%
2004	--	$1,760 -52.2%
2003	--	$3,680
2002	--	$3,680