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.
Features
: Electric
: Central Air
: Other
: 1 Space/unit
Address Map
US
AZ
Maricopa
Phoenix
85017
Pierson
2612
Street
0
W113° 53' 4.4''
N33° 30' 28.5''
MLS Addon
From Camelback, go south on 27th Ave. to Pierson a
Alhambra Elementary District
Phoenix Union High School District
ALTRO TERRACE
No Pool
Painted,Block
Ceramic Tile
Public Sewer
City Franchise
$0
0
$0
09/17/2025 22:07:56

Multiple Dwellings

2612 Pierson Street, Phoenix, Arizona 85017

0 Bedrooms
0 Bathrooms
0 Sqft
$650,000
MLS ID #6921067
Listing Broker: My Home Group Real Estate
Listing Agent: Belinda W Li
Basic Details
Property Type : Multiple Dwellings
Status : Active
Listing Type : For Sale
MLS ID : 6921067
Listing Broker : My Home Group Real Estate
Listing Office Phone : 480-685-2760
Listing Agent : Belinda W Li
Price : $650,000
Mthly Rate Hi Season : $0
Bedrooms : 0
Bathrooms : 0
Half Bathrooms : 0
Year Built : 1961
Lot Area : 0 Sqft
Status : Active
Professional Representation
SLOAN REALTY ASSOCIATES
3100 W RAY RD, STE 201 CHANDLER, AZ 85226
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