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For sale
    • Price cut: $1K (8/6)
    $649,000

    2612 W Pierson Street, Phoenix, AZ 85017

    5beds
    4baths
    3,110sqft
    : 
    $3,908/mo
    Get pre-qualified
    Multi Family
    Built in 1961
    -- sqft lot
    $-- Zestimate®
    $209/sqft
    $-- HOA

    What's special

    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.
    336 days
    |
    217
    |
    19
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Belinda W Li 602-391-7534,

    My Home Group Real Estate,

    Christopher Anthony Tran 407-739-6373,

    My Home Group Real Estate

    Source: ARMLS,MLS#: 6921067MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 5
      • Bathrooms: 4
      Heating
      • Electric
      Cooling
      • Central Air
      Appliances
      • Included: Refrigerator, Free-Standing Electric Oven, Washer/Dryer
      Features
      • Flooring: Ceramic Tile
      Interior area
      • Total structure area: 3,110
      • Total interior livable area: 3,110 sqft

      Property

      Parking
      • Total spaces: 3
      • Parking features: 1 Space/Unit
      • Uncovered spaces: 3
      Lot
      • Size: 8,597 Square Feet
      • Dimensions: 8597
      Details
      • Parcel number: 15404016
      • Zoning: R3

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Multi Family
      Materials
      • Painted, Block
      • Roof: Other
      Condition
      • Year built: 1961

      Utilities & green energy

      • Electric: APS
      • Sewer: Public Sewer
      • Water: City Franchise

      Community & HOA

      Community
      • Features: No Pool
      • Subdivision: ALTRO TERRACE
      Location
      • Region: Phoenix

      Financial & listing details

      • Price per square foot: $209/sqft
      • Tax assessed value: $445,100
      • Annual tax amount: $1,321
      • Date on market: 9/17/2025
      • Cumulative days on market: 335 days
      • Listing terms: Conventional,FHA,VA Loan
      • Ownership: Fee Simple
      • Electric utility on property: Yes
      • Road surface type: Asphalt

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        8/6/2026Price change$649,000-0.2%$209/sqft
        Source: ARMLS #6921067 Report a problem
        3/10/2026Price change$650,000-3%$209/sqft
        Source: ARMLS #6921067 Report a problem
        11/10/2025Price change$669,900-0.8%$215/sqft
        Source: ARMLS #6921067 Report a problem
        9/17/2025Listed for sale$675,000+8%$217/sqft
        Source: ARMLS #6921067 Report a problem
        8/9/2024Sold$625,000+4.2%$201/sqft
        Source: ARMLS #6728536 Report a problem
        7/9/2024Listed for sale$600,000+233.3%$193/sqft
        Source: ARMLS #6728536 Report a problem
        10/15/2019Sold$180,000+108.1%$58/sqft
        Source: Public Record Report a problem
        12/7/2012Listing removed$450
        Source: REIBlackBook Report a problem
        10/10/2012Listed for rent$450
        Source: REIBlackBook Report a problem
        6/13/2012Listing removed$450
        Source: Adam Kipnes Report a problem
        5/1/2012Listed for rent$450
        Source: Adam Kipnes Report a problem
        12/10/2010Listing removed$86,500$28/sqft
        Source: US Investment Realty #4475525 Report a problem
        12/3/2010Price change$86,500+8.1%$28/sqft
        Source: US Investment Realty #4475525 Report a problem
        11/26/2010Price change$80,000-5.9%$26/sqft
        Source: US Investment Realty #4475525 Report a problem
        11/3/2010Listed for sale$85,000+129.7%$27/sqft
        Source: US Investment Realty #4475525 Report a problem
        3/2/2010Sold$37,000+23.3%$12/sqft
        Source: ARMLS #4332292 Report a problem
        2/6/2010Listed for sale$30,000-38.8%$10/sqft
        Source: Realty Executives #4332292 Report a problem
        9/4/2009Sold$49,000-65%$16/sqft
        Source: Public Record Report a problem
        4/1/2004Sold$139,900+46.5%$45/sqft
        Source: Public Record Report a problem
        6/25/2002Sold$95,500+13%$31/sqft
        Source: Public Record Report a problem
        2/3/1997Sold$84,500$27/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$1,454 +10.1%$44,510 +5.9%
        2024$1,321 -0.5%$42,020 +403.7%
        2023$1,328 +1.6%$8,342 -61.1%
        2022$1,307 +3.1%$21,430 +1%
        2021$1,268 +1.2%$21,210 +15.7%
        2020$1,253 +8.3%$18,330 +19.3%
        2019$1,156 $15,370 +22.7%
        2018$1,156 +1.3%$12,530 -6.8%
        2017$1,142 +10.3%$13,450 +27.4%
        2016$1,035 -4.9%$10,560 +25%
        2015$1,088 $8,450 +13.1%
        2014-- $7,470 +59.6%
        2013-- $4,680 -19.3%
        2012-- $5,800 -21.2%
        2011-- $7,360 -37.3%
        2010-- $11,730 -35.4%
        2009-- $18,160 -1.4%
        2008-- $18,420 +17.3%
        2007-- $15,700 +43.4%
        2006-- $10,950
        2005-- $10,950 +33.5%
        2004-- $8,200
        2003-- $8,200 +1.9%
        2002-- $8,050
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
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        Climate risks

        Neighborhood: Alhambra

        Getting around

        70 / 100
        Very Walkable
        39 / 100
        Some Transit
        54 / 100
        Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • District: Alhambra Elementary District

        Source: ARMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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