For sale

Price cut: $26K (9/17)

$749,000

2616 W PIERSON Street, Phoenix, AZ 85017

7beds

5baths

4,695sqft

$4,917/mo

Get pre-qualified

Multi Family

Built in 1971

-- sqft lot

$-- Zestimate^®

$160/sqft

$-- HOA

What's special

Exterior paintFull-size laundry room

Exceptional investment opportunity featuring a total of seven units, including a single-family residence & eligible for residential financing. Located near GCU, the freeway, shopping, and other amenities, this property offers strong tenant appeal. Estimated CAP Rate: 6%. The single-family residence features a full-size laundry room. All units were renovated between 2019 and 2020. Improvements include new sewer and water lines, upgraded electrical service, interior and exterior paint, roofs replaced on both triplexes in 2024, and a new roof on the single-family residence in 2020. Well-maintained property with numerous updates throughout. See Documents tab for details. Buyer to verify all information.

124 days
192
22

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 7
Bathrooms: 5

Heating

Electric

Cooling

Ceiling Fan(s), Electric

Appliances

Included: Built-In Range, Disposal, Dishwasher, Refrigerator, Built-In Electric Oven, Microwave, Washer/Dryer

Features

Flooring: Carpet, Vinyl

Interior area

Total structure area: 4,695
Total interior livable area: 4,695 sqft

Property

Parking

Total spaces: 10
Parking features: Other, Paved, Add'l Parking Avail, 1 Space/Unit, On Street
Covered spaces: 4
Uncovered spaces: 6

Features

Exterior features: Sidewalk(s)

Details

Parcel number: 15404015
Zoning: [R-3] Multiple

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Painted, Block
Roof: Composition

Condition

Year built: 1971

Utilities & green energy

Electric: SRP
Sewer: Public Sewer
Water: City Franchise

Community & HOA

Community

Features: No Pool
Security: Security Lights
Subdivision: ALTRO TERRACE

Location

Region: Phoenix

Financial & listing details

Price per square foot: $160/sqft
Tax assessed value: $693,800
Annual tax amount: $1,990
Date on market: 6/16/2026
Cumulative days on market: 111 days
Listing terms: Cash,Conventional,1031 Exchange
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
9/17/2026	Price change	$749,000-3.4%$160/sqft
Source: ARMLS #7039046 Report a problem
8/21/2026	Price change	$775,000+17%$165/sqft
Source: ARMLS #7039046 Report a problem
6/16/2026	Listed for sale	$662,500-57%$141/sqft
Source: ARMLS #7039046 Report a problem
1/24/2025	Listing removed	$1,750
Source: Zillow Rentals Report a problem
1/17/2025	Listed for rent	$1,750
Source: Zillow Rentals Report a problem
9/15/2024	Listing removed	$1,540,000$328/sqft
Source: ARMLS #6745374 Report a problem
8/17/2024	Listed for sale	$1,540,000+245.4%$328/sqft
Source: ARMLS #6745374 Report a problem
6/28/2024	Listing removed	--
Source: Zillow Rentals Report a problem
5/24/2024	Listed for rent	$1,750
Source: Zillow Rentals Report a problem
9/8/2022	Listing removed	--
Source: ARMLS Broker 259 - My Home Group RE Report a problem
4/1/2019	Sold	$445,900+4.9%$95/sqft
Source: Public Record Report a problem
10/18/2017	Listing removed	$425,000$91/sqft
Source: US Preferred Realty #5672398 Report a problem
10/11/2017	Listed for sale	$425,000+129.7%$91/sqft
Source: US Preferred Realty #5672398 Report a problem
12/27/2012	Sold	$185,000$39/sqft
Source: ARMLS #4831110 Report a problem
10/9/2012	Listed for sale	$185,000+128.7%$39/sqft
Source: Swallows and Associates Realty #4831110 Report a problem
9/30/2009	Sold	$80,900-19%$17/sqft
Source: ARMLS #4130562 Report a problem
6/6/2009	Listed for sale	$99,900-61.4%$21/sqft
Source: Windermere Central Phoenix #4130562 Report a problem
12/19/2008	Sold	$258,500-30.9%$55/sqft
Source: Public Record Report a problem
5/17/2006	Sold	$374,000+31.2%$80/sqft
Source: Public Record Report a problem
6/9/2005	Sold	$285,000+128%$61/sqft
Source: Public Record Report a problem
11/30/2000	Sold	$125,000+2.5%$27/sqft
Source: Public Record Report a problem
11/12/1997	Sold	$122,000$26/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$1,990 +10.1%	$69,380 +6.5%
2024	$1,808 -0.5%	$65,170 +471%
2023	$1,816 +1.6%	$11,414 -65.1%
2022	$1,788 +3.1%	$32,670 +8.7%
2021	$1,735 +1.3%	$30,050 +15.4%
2020	$1,714 +8.3%	$26,050 +20.3%
2019	$1,582	$21,650 +9.5%
2018	$1,582 +1.3%	$19,770 +4.9%
2017	$1,562 +10.3%	$18,850 +31.2%
2016	$1,416 -8.4%	$14,370 +21.5%
2015	$1,546	$11,830 +7.7%
2014	--	$10,980 +78.5%
2013	--	$6,150 -20.4%
2012	--	$7,730 -15.7%
2011	--	$9,170 -37.2%
2010	--	$14,610 -35.2%
2009	--	$22,560 +4.7%
2007	--	$21,550 +51.2%
2006	--	$14,250
2005	--	$14,250 +2.4%
2004	--	$13,915
2003	--	$13,915 +1%
2002	--	$13,784