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    1012 E Pierson St Phoenix, AZ 85014

    Sponsored
    For Sale
    $898,900

    MULTI_FAMILY - Phoenix, AZ

    Days on Market:
    14
    Last Refresh:
    Jan 7 at 6:06 pm

    Property Features for 1012 E Pierson St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    R3
    APN
    155-11-092
    Appliances
    Free-Standing Range, Disposal, Dishwasher, Refrigerator, Microwave, Washer/Dryer

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Electric (Heating)
    Cooling system
    Ceiling Fan(s), Central Air, Electric

    Building Details

    Year built
    1942
    Number of units
    3
    Flooring type
    Vinyl
    Building materials
    Wood Frame, Stucco
    Roof type
    Composition

    Gentry Real Estate Group (480) 654-3655 [email protected]

    Listing agent James J Yancey (480) 452-6227

    Listing date Dec 25, 2025

    Copyright © 2025 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Phoenix Multifamily Property with New Construction

    This multifamily property features three units across two buildings on a single parcel. Constructed in 1942 with new construction completed in 2025, the property offers a mix of large units. The front building contains a duplex with one 3-bed/2-bath unit and one 2-bed/2-bath unit, plus a separate 3-bed/2-bath casita. Each unit includes upgraded interiors with white quartz countertops, luxury vinyl-plank flooring, subway tile showers, stainless steel appliances, and in-suite washer/dryer. Exterior upgrades feature new paint, stucco, new windows, three new AC units, new roofs, and private fenced yards for all units. Large walk-in closets are included. The property is located just outside Biltmore, close to uptown, with plentiful dining and entertainment options in the well-located centralized area. The property is zoned R3. Floorplans are uploaded.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Phoenix
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.05946
    Latitude
    33.507666

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    FAQs

    What type of property is this?
    Triplex - Three units, two buildings, one parcel, built in 1942 & 2025.
    Where is this triplex located?
    The property is located at 1012 E Pierson St Phoenix, AZ.
    What is the asking price?
    The asking price for this property is $898,900.
    What are key features of this property?
    This property features: - High Income Potential: 8.35% Gross Cap; - Newly Built Unit: Casita built in 2025; - Multiple Units: 3 Units in 2 Buildings on One Parcel
    (480) 750-9910
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1012 E Pierson St Phoenix, AZ 85014
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