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.
For sale
$650,000
2612 W Pierson Street, Phoenix, AZ 85017
5beds
2baths
2,400sqft
Multi Family
Built in 1961
-- sqft lot
$-- Zestimate®
$271/sqft
$-- HOA
What's special
- 290 days |
- 176 |
- 11 |
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#: 6921067
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 2
Heating
- Electric
Cooling
- Central Air
Appliances
- Included: Refrigerator, Free-Standing Electric Oven, Washer/Dryer
Features
- Flooring: Ceramic Tile
Interior area
- Total structure area: 2,400
- Total interior livable area: 2,400 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: $271/sqft
- Tax assessed value: $445,100
- Annual tax amount: $1,321
- Date on market: 9/16/2025
- Cumulative days on market: 289 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
| Date | Event | Price |
|---|---|---|
| 3/10/2026 | Price change | $650,000-3%$271/sqft |
Source:  ARMLS #6921067 Report a problem | ||
| 11/10/2025 | Price change | $669,900-0.8%$279/sqft |
Source: ARMLS #6921067 Report a problem | ||
| 9/17/2025 | Listed for sale | $675,000+8%$281/sqft |
Source: ARMLS #6921067 Report a problem | ||
| 8/9/2024 | Sold | $625,000+4.2%$260/sqft |
Source: ARMLS #6728536 Report a problem | ||
| 7/9/2024 | Listed for sale | $600,000+233.3%$250/sqft |
Source: ARMLS #6728536 Report a problem | ||
| 10/15/2019 | Sold | $180,000+108.1%$75/sqft |
Source: Public Record Report a problem | ||
| 12/7/2012 | Listing removed | $450 |
Source: REIBlackBook Report a problem | ||
| 10/10/2012 | Listed for rent | $450 |
Source: REIBlackBook Report a problem | ||
| 6/13/2012 | Listing removed | $450 |
Source: Adam Kipnes Report a problem | ||
| 5/1/2012 | Listed for rent | $450 |
Source: Adam Kipnes Report a problem | ||
| 12/10/2010 | Listing removed | $86,500$36/sqft |
Source: US Investment Realty #4475525 Report a problem | ||
| 12/3/2010 | Price change | $86,500+8.1%$36/sqft |
Source: US Investment Realty #4475525 Report a problem | ||
| 11/26/2010 | Price change | $80,000-5.9%$33/sqft |
Source: US Investment Realty #4475525 Report a problem | ||
| 11/3/2010 | Listed for sale | $85,000+129.7%$35/sqft |
Source: US Investment Realty #4475525 Report a problem | ||
| 3/2/2010 | Sold | $37,000+23.3%$15/sqft |
Source: ARMLS #4332292 Report a problem | ||
| 2/6/2010 | Listed for sale | $30,000-38.8%$13/sqft |
Source: Realty Executives #4332292 Report a problem | ||
| 9/4/2009 | Sold | $49,000-65%$20/sqft |
Source: Public Record Report a problem | ||
| 4/1/2004 | Sold | $139,900+46.5%$58/sqft |
Source: Public Record Report a problem | ||
| 6/25/2002 | Sold | $95,500+13%$40/sqft |
Source: Public Record Report a problem | ||
| 2/3/1997 | Sold | $84,500$35/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax 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 | -- | $8,050 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
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.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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Climate risks
Neighborhood: Alhambra
Nearby schools
GreatSchools rating
- 5/10Granada East SchoolGrades: 4-8Distance: 0.6 mi
- 3/10Alhambra High SchoolGrades: 9-12Distance: 1.5 mi
- 4/10Granada Elementary School-West CampusGrades: PK-4Distance: 0.8 mi
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.
A local agent can set up tours, give advice and negotiate with sellers.
- Arizona
- Maricopa County
- Phoenix
- 85017
- Alhambra
- 2612 W Pierson Street
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