Listing MLS# 6921067 Phoenix AZ Real Estate

Please contact Barbara Baker at 928.301.0669 for more information on this property! I specialize in Phoenix AZ real estate, Altro Terrace - Phoenix real estate for sale, Phoenix, AZ homes for sale and Phoenix real estate and Phoenix homes.

$675,000 | N/A beds | N/A full baths | N/A half baths | N/A sqft

$675,000 No Recent Price Change
2612 W Pierson Street
Phoenix, AZ 85017
  • N/ABeds
  • 0.00Total Baths
  • N/ASqFt
  • 1961Year Built
  • 0.00Acres
  • 64 yearsEst Age
  • MLS# 6921067
  • Multifamily
  • Multiple Dwellings
  • Active

  • Approx Time on Market14 days
  • AreaMaricopa
  • CountyMaricopa
  • Subdivision Altro Terrace

Overview

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 wiringrare 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.



Agriculture / Farm

Horse:  No

Association Fees / Info

Community Features:  No Pool

Hoa:  No

Bathroom Info

Building Info

Construction Materials:  Painted, Block

Roof:  Other

Exterior Features

Pool Private:  No

Financial

Owner Pays:  Water

Gross Income:  34200

Insurance Expense:  3000

Maintenance Expense:  1800

Garage / Parking

Parking Features:  1 Space/Unit

Garage:  No

Attached Garage:  No

Interior Features

Flooring:  Ceramic Tile

Appliances:  Refrigerator, Free-Standing Electric Oven, Washer/Dryer

Fireplace:  No

Lot Info

Lot Size:  8597

Number of Buildings:  1

Other School Info

Property Info

Road Surface Type:  Asphalt

Zoning:  R3

Property Attached:  No

Tax Info

Tax Amount Annual:  1321

Unit Info

Total Units:  3

Utilities / Hvac

Water Source:  City Franchise

Electric:  APS

Cooling:  Yes

Cool System:  Central Air

Heating:  Electric

Heating:  Yes

Sewer:  Public Sewer

Waterfront / Water

Water Front:  No

Directions

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

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On barbarabakerrealty.com since Tue, Sep 16th 2025
No Property History recorded for this listing.
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