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712 E PIERCE Street Phoenix, AZ $ 1,224,997
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$ 1,224,997 Get more info
712 E PIERCE Street
$ 1,224,997
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Share Save

712 E PIERCE Street

Phoenix, AZ, 85006
$ 1,224,997
Baths0.0

Monthly Estimate*

$ 7,642

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Studio

Multi-Family Home for sale in Phoenix, AZ

for $1,224,997. This home was built in 1931.

This five-unit historic garden-style property includes three buildings on one parcel, built in 1931. The unit mix suits both long- and short-term rentals, featuring one two-story 2-bed/2-bath unit, two 2-bed/1-bath units, and two 1-bed/1-bath units. Each fully furnished unit has a proven track record as a short- and mid-term rental. Interiors are lightly updated with wood and tile flooring, refreshed kitchens, and bathrooms. On-site amenities include a community laundry room, dedicated parking, and private patios for select units. Individually metered for electricity, the property offers tenant convenience and expense control. Located in the Garfield Historic District, just blocks from Roosevelt Row, ASU Downtown, Chase Field, and Footprint Center.

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Multi-Family Active

Price

$ 1,224,997

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 1,770

Style

Multiple Dwellings

Year Built

1931

Town/City

Phoenix

County/Region

Maricopa

MLS | Web ID

6880899
Features
General
Sewer Public Sewer
Heating Central Electric
Cooling Central Air Window/Wall Unit Electric
Roof Tile Foam
Zoning R-5
Construction Materials Wood Frame Stucco
Year Built 1931
Electric APS
Township 1N
Tax Year 2024
Ownership Fee Simple Fee Simple
Gross Income 64037.5
Community Features No Pool
County Maricopa
Net Operating Income 96809.0
Operating Expense 1770.0
Property Type Multiple Dwellings
Attached Garage N
Subdivision Name CHURCHILL ANNEX
Garage Y/N N
Status Active
City Phoenix
Disclosures None
High School District Phoenix Union High School District
Open Parking Spaces 5.0
Number Of Units Total 5
Lot Size Square Feet 0.0
Carport Y/N N
Tax Annual Amount 1770.0
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Standard Status Active
Elementary School District Phoenix Elementary District
Tax Lot 5
Cap Rate 7.45
New Financing: Conventional True
Senior Community N
New Financing: Cash True
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Interior
Flooring Carpet Ceramic Tile Vinyl Wood
Air Conditioning Y/N Y
Heating Y/N Y
Total Baths 0
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Exterior
Parking Features 1 Space/Unit On Street
Water Source City Franchise
Total Parking 5.0
Lot Size Area 0.0
Number of Buildings 3
Spa N
Lot Dimensions 8 985
Lot Size Acres 0.0
Covered Spaces 0.0
Crops Included Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 712
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* Excluded Features
List By
Abi Multifamily

Broker

tom.palestina@abimultifamily.com

Email

Affordability Calculator

$7,790
Per Month
98%
2%
0%
Monthly Principal & Interest
$7,642
Monthly Property Taxes
$148
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4327165 Elementary School
4327058 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
11/18/2025$1,224,997 0.00% Price Down
11/13/2025$1,224,998 0.00% Price Down
9/16/2025$1,224,999 0.00% Price Down
8/14/2025$1,225,000 -3.92% Price Down
7/8/2025$1,275,000 -1.92% Price Down
6/16/2025$1,300,000 Listed Price

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712 E PIERCE Street, Phoenix, AZ, 85006 is a Multi-Family Home for sale at $1,224,997. 712 E PIERCE Street is a studio with 0.0 baths and was built in 1931. The property's zip code is 85006 which is in Phoenix, AZ

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