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$669,900

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2612 W Pierson Street Phoenix, AZ 85017

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Paul Anderson

[email protected] +1(480) 900-9140

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Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Subdivision Altro Terrace

MLS Listing ID 6921067

Maintenance Fees $1,800

Year Built 1961

Annual Tax Amount $1,321

Tax Year 2024

Lot Dimensions 8597

Source Arizona Regional Multiple Listing Service (ARMLS)

Property Description

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.

Location

State AZ

County Maricopa

Community Altro Terrace

Area Maricopa

Zoning R3

Direction From Camelback, go south on 27th Ave. to Pierson and take a left. Property is on the left hand side.

Interior

Heating Electric

Cooling Central Air

Flooring Ceramic Tile

Appliance Refrigerator, Free-Standing Electric Oven, Washer/Dryer

Exterior

Parking Features 1 Space/Unit

Community Features No Pool

Roof Type Other

Private Pool No

Building

Sewer Public Sewer

Water City Franchise

New Construction No

Schools

School District Phoenix Union High School District

Others

Senior Community No

Tax ID 154-04-016

Acceptable Financing Conventional, FHA, VA Loan

Disclosures Seller Prop Disc Stm

Listing Terms Conventional, FHA, VA Loan

Listed by My Home Group Real Estate

NEARBY SCHOOL & BUSINESS

SCHOOLSPROPERTIES

Elementary Schools 20

10

Alhambra Traditional School

Public | KG - 8
9

All Aboard Charter School

Public | KG - 5
8

Madison Meadows School

Public | 5 - 8
7

Amerischools Academy - Camelback

Public | KG - 12
6

Bennett Academy

Public | KG - 8
6

Magnet Traditional School

Public | KG - 8
5

Glenn L. Downs School

Public | KG - 8
5

James W. Rice Primary School

Public | PK - 3
5

Roadrunner Elementary School

Public | KG - 6
5

Catalina Ventura School

Public | KG - 8
5

Sevilla West School

Public | 4 - 8
5

Sevilla Primary School

Public | KG - 3
5

Academy of Mathematics and Science South

Public | KG - 8
5

Granada Primary School

Public | KG - 3
5

Pan-American Charter School

Public | KG - 12
5

Westwood Primary School

Public | KG - 3
5

Clarendon School

Public | PK - 8
5

Kenilworth Elementary School

Public | PK - 8
4

Liberty Traditional Charter School

Public | KG - 8
4

Cordova Middle School

Public | 3 - 8

Middle Schools 10

7

Metropolitan Arts Institute

Public | 7 - 12
5

Palo Verde Middle School

Public | 7 - 8
5

Osborn Middle School

Public | 7 - 8
4

Imagine Camelback Middle School

Public | 6 - 8
2

Isaac Middle School

Public | 6 - 8
2

Morris K. Udall Escuela de Bellas Artes

Public | 6 - 8
1

Rcb Medical Arts Academy

Public | 7 - 12
0

Westwind Middle School

Public | 6 - 8
0

Brophy College Preparatory

Private | 6 - 12
0

Arizona Insight Academy

Public | 7 - 12

High Schools 20

8

Franklin Police and Fire High School

Public | 9 - 12
7

Washington High School

Public | 9 - 12
7

Metro Tech High School

Public | 9 - 12
7

Phoenix College Preparatory Academy

Public | 9 - 12
5

Girls Leadership Academy of Arizona

Public | 9 - 12
4

Alhambra High School

Public | 9 - 12
4

Glenview College Preparatory High School

Public | 9 - 12
4

Central High School

Public | 9 - 12
2

Kaizen Education Foundation Dba Maya High School

Public | 9 - 12
2

Arizona Collegiate High School

Public | 9 - 12
1

West Phoenix High School

Public | 9 - 12
0

Bourgade Catholic High School

Private | 9 - 12
0

Career Success High School - Main Campus

Public | 9 - 12
0

Career Success High School - Glendale

Public | 9 - 12
0

Bostrom Alternative Center

Public | 9 - 12
0

Cornerstone Charter School

Public | 9 - 12
0

West-Mec - Washington High School

Public | 9 - 12
0

Westwind Preparatory Academy

Public | 9 - 12
0

Tumbleweed Transitional Learning Center

Public | 9 - 12
0

Valley Lutheran High School

Private | 9 - 12

School and business data provided by Attom Data.

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Paul Anderson

Agent | SASA681201000

+1(480) 900-9140

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2612 W Pierson Street Phoenix, AZ 85017

Paul Anderson

Key Details

Location

Interior

Exterior

Building

Schools

Others

NEARBY SCHOOL & BUSINESS

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2612 W Pierson Street