$649,000

2612 W Pierson Street, Phoenix, AZ 85017

5 beds |
4 baths

Multi-Family Home
Built in 1961
—— sqft lot
—— car garage
$——/sqft
Listed 11 months ago

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.

Listing Status:: Active
Date Added:: September 16, 2025
Data Last Updated:: August 15, 2026 at 3:08AM
Listing Office:: My Home Group Real Estate : 480-685-2760
Listing Agent:: Belinda W Li : 602-391-7534
MLS ID:: 6921067

Flooring: Ceramic Tile
A/C: Central Air
Heating: Electric

Parking: 1 Space/UnitParking spaces: 3

Roofing: Other
General: PaintedBlock

Road/Access: Asphalt
Originating MLS: Arizona Regional Multiple Listing Service 2
School District: Alhambra Elementary District
County: Maricopa

Zoning: R315404016

Water: City Franchise
Sewer: Public Sewer

Source: Arizona Regional Multiple Listing Service 2

This listing courtesy of Belinda W Li , My Home Group Real Estate

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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