2620 W PIERSON Street Phoenix, AZ $ 662,500
2620 W PIERSON Street
$ 662,500
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2620 W PIERSON Street

Phoenix, AZ, 85017
$ 662,500
Baths0.0

Monthly Estimate*

$ 4,079

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Studio

Multi-Family Home for sale in Phoenix, AZ

for $662,500. This home was built in 1963.

Exceptional investment opportunity featuring six units plus a single-family residence eligible for residential financing. Property must be sold with the adjacent four plex (MLS #7039047), creating a seven-unit investment portfolio. Located near GCU, the freeway, shopping, and other amenities, this property offers strong tenant appeal. The single-family residence features a full-size laundry room. All units were renovated between 2019 and 2020. Improvements include new sewer and water lines, upgraded electrical service, interior and exterior paint, roofs replaced on both triplexes in 2024, and a new roof on the single-family residence in 2020. Well-maintained property with numerous updates throughout. See Documents tab for details. Buyer to verify all information.

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Multi-Family Active

Price

$ 662,500

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 1,509

Style

Multiple Dwellings

Year Built

1963

Town/City

Phoenix

County/Region

Maricopa

MLS | Web ID

7039047

Features
General
Sewer Public Sewer
Heating Electric
Cooling Ceiling Fan(s) Electric
Roof Composition
Zoning [R-3] Multiple
Security Features Security Light(s)
Construction Materials Painted Block
Year Built 1963
Electric SRP
Township 2N
Tax Year 2025
Ownership Fee Simple Fee Simple
Gross Income 46068.0
Community Features No Pool
County Maricopa
Net Operating Income 31068.0
Operating Expense 13116.0
Insurance Expense 1544.0
New Construction N
Property Type Multiple Dwellings
Attached Garage N
MaintenanceExpense 3600.0
Subdivision Name ALTRO TERRACE
Garage Y/N N
Status Active
Directions Exit Camelback Rd from I17 and turn west. Turn south on 27th Ave. Turn East on W. Pierson St.
High School Alhambra High School
City Phoenix
Disclosures Seller Prop Disc Stm
High School District Phoenix Union High School District
Open Parking Spaces 3.0
Number Of Units Total 3
Carport Y/N N
Elementary School Alma Elementary School
Tax Annual Amount 1509.0
Electric Expense 0.0
Fuel Expense 0.0
Middle/Junior High School Alhambra Traditional School
Trash Expense 0.0
Water Sewer Expense 3213.0
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 Alhambra Elementary District
Tax Lot 14
Cap Rate 4.69
New Financing: Conventional True
Senior Community N
New Financing: Cash True
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Exterior
Exterior Amenities Sidewalk(s)
Parking Features Other Paved Add'l Parking Avail 1 Space/Unit On Street
Water Source City Franchise
Total Parking 3.0
Number of Buildings 1
Spa N
Lot Dimensions Irr
Road Surface Type Asphalt
Covered Spaces 0.0
Crops Included Y/N N
Irrigation Water Rights Y/N N
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Interior
Flooring Carpet Vinyl
Air Conditioning Y/N Y
Heating Y/N Y
Total Baths 0
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Internal Only
Street Number 1 2620
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* Excluded Features
List By
West Usa Realty

Broker

mike@realestate401kgroup.com

Email

Affordability Calculator

$4,205
Per Month
97%
3%
0%
Monthly Principal & Interest
$4,079
Monthly Property Taxes
$126
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% 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
5400714 Elementary School
4327402 Middle School
Alhambra High School High School
Pricing History
DatePricePrice ChangeDescription
6/16/2026$662,500 Listed Price

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2620 W PIERSON Street, Phoenix, AZ, 85017 is a Multi-Family Home for sale at $662,500. 2620 W PIERSON Street is a studio with 0.0 baths and was built in 1963. The property's zip code is 85017 which is in Phoenix, AZ