1012 E PIERSON Street Phoenix, AZ ^$ 898,900

1012 E PIERSON Street

^$ 898,900

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1012 E PIERSON Street

Phoenix, AZ, 85014

^$ 898,900

Studio Baths0.0

Monthly Estimate*

^$ 5,608

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Studio

Multi-Family Home for sale in Phoenix, AZ

for $898,900. This home was built in 1942.

*8.35% Gross Cap* 3 Units, 2 Buildings on One Parcel, Great unit mix with large units! Built in 1942 & NEWLY BUILT in 2025. ALL VERY LARGE UNITS!! Front building boasts a duplex that Consists of (1) 3-Bed / 2-Bath Unit & (1) 2-Bed / 2-Bath Unit, & (1) 3-Bed/2-Bath Casita. Each unit features a fully upgraded interior With white quartz countertops, luxury vinyl-plank flooring throughout, subway tile showers, stainless steel appliance package, & in-suite washer / dryer in every unit. exterior upgrades include new paint, stucco & new windows, 3 new AC units, new roofs and Private FENCED YARDS for all units. LARGE WALK-IN CLOSETS. Located just outside Biltmore close to uptown, Dining hotspots & entertainment options are plentiful in the well located centralized area..Floorplans uploaded

Multi-Family Active

Price

^$ 898,900

Bedrooms

Studio

Property Type

Multi-Family

Taxes

^$ 1,884

Style

Multiple Dwellings

Year Built

1942

Town/City

Phoenix

County/Region

Maricopa

MLS | Web ID

6960831

Features

General

Sewer Public Sewer

Heating Electric

Cooling Central Air Ceiling Fan(s) Electric

Roof Composition

Zoning R3

Construction Materials Wood Frame Stucco

Year Built 1942

Electric APS

Township 2N

Tax Year 2025

Ownership Fee Simple Fee Simple

Gross Income 74184.0

Community Features No Pool

County Maricopa

Net Operating Income 74184.0

Operating Expense 1884.0

New Construction N

Property Type Multiple Dwellings

Attached Garage N

Subdivision Name PALO VERDE PLACE

Garage Y/N N

Status Active

High School Central High School

City Phoenix

Disclosures None

High School District Phoenix Union High School District

Open Parking Spaces 5.0

Number Of Units Total 3

Carport Y/N N

Elementary School Madison Richard Simis School

Tax Annual Amount 1884.0

Middle/Junior High School Madison Meadows School

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N N

Standard Status Active

Occupancy Type Tenant

Elementary School District Madison Elementary District

Tax Lot 16

Cap Rate 8.25

New Financing: Conventional True

Senior Community N

New Financing: FHA True

New Financing: Cash True

New Financing: VA True

Interior

Flooring Vinyl

Air Conditioning Y/N Y

Heating Y/N Y

Total Baths 0

Exterior

Parking Features >1 Space Per Unit

Water Source City Franchise

Total Parking 5.0

Number of Buildings 2

Spa N

Lot Dimensions 60'X125'

Covered Spaces 0.0

Crops Included Y/N N

Irrigation Water Rights Y/N N

Internal Only

Street Number 1 1012

* Excluded Features

List By

Gentry Real Estate

Broker

fidelity.jy@gmail.com

Affordability Calculator

$5,765

Per Month

Monthly Principal & Interest: $5,608
Monthly Property Taxes: $157
Monthly Home Insurance: --

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Yearly 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

Trends
Schools

Multi-family listings in Phoenix, AZ

Average List Price ^$1,247,820

Percent of Sale Price 39%

About Phoenix, AZ

1,596,463 Population

20% Since 2002

^$51,132 Median Income

34.66 Median Age

32% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

4327713 Elementary School

4327755 Middle School

Central High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
12/25/2025	$898,900		Listed Price

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1012 E PIERSON Street, Phoenix, AZ, 85014 is a Multi-Family Home for sale at $898,900. 1012 E PIERSON Street is a studio with 0.0 baths and was built in 1942. The property's zip code is 85014 which is in Phoenix, AZ

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: 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.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Arizona Regional Multiple Listing Service, Inc. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors are marked with the ARMLS logo and detailed information about them includes the name of the listing brokers.

All information should be verified by the recipient and none is guaranteed as accurate by ARMLS.

The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of 12/25/2025.

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1012 E PIERSON Street

Multi-Family Home for sale in Phoenix, AZ

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