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Triplex with Alley Access
New
For Sale
$325,000

2516 W PIERSON Street, Phoenix, AZ 85017

Multiple Dwellings, Phoenix, AZ

Property SizeContact for details
Days on Market3
Rey
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Property Features for 2516 W PIERSON Street

General Information

Property type Residential Multi Family
Property subtype Other
Zoning Multi
Bedrooms 5
Bathrooms 3
Full bathrooms 3
Rooms Bedroom 4, Bedroom 2, Bathroom 1, Bathroom 2, Bedroom 5, Bathroom 3, Bedroom 1, Bedroom 3
Appliances Built-In Range, Refrigerator
Subdivision MARIPOSA HOMES
Elementary school Alhambra Preschool Academy
Elementary school district Alhambra Elementary District
Directions S on 27th Ave, turn right onto Pierson, property is on the right.
Standard status Active
APN 154-04-048-A

Taxes and HOA fees

Tax Year 2025
Tax Description LOT 28 MARIPOSA HOMES MCR 003820
Tax Annual Amount 1138
Legal Description LOT 28 MARIPOSA HOMES MCR 003820

Utilities

Sewer type Public Sewer
Heating system Electric (Heating)
Cooling system Central Air

Building Details

Year built 1971
Number of units 3
Flooring type Tile, Concrete
Building materials Wood Frame, Painted, Brick
Roof type Composition
Listing Agency: RE/MAX Signature · RE/MAX International
Listed By: DeAnna Heggem
Added: Oct 13 Last Checked: Oct 15 at 2:06PM
MLS# 7093436

Copyright © 2026 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.

Investment Insights

Based on property information with market context.

This triplex contains three residences: a 1,080-square-foot, two-bedroom, one-bath home; a 780-square-foot, two-bedroom, one-bath unit; and a 336-square-foot studio with a full bathroom and kitchen. The larger home received new windows in September 2026. Central air conditioning and electric heating serve the property, which was built in 1971.

Vehicle access is available from the street and alley. The driveway accommodates tandem parking, with additional parking accessible from the alley. The property is in central Phoenix, near a major university, a freeway, community bus routes, and shopping.

Key Highlights

  • Three residential units totaling 2,196 square feet
  • 1,080‑square‑foot home with 2 bedrooms and 1 bathroom
  • 780‑square‑foot unit with 2 bedrooms and 1 bathroom

Property Analytics

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Current Use

Triplexes

Suggested Use

Top Pick Real Estate Agency Dental Office Building Supply Pharmacy Big Box & Wholesale Store Spa & Massage Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3
Residential units
Yes
Highway access
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

920
Businesses Nearby

Demographics for 85017, AZ

45,279
Population
12,743
Households
3.6
Avg Household Size
26
Median Age
11%
College-Educated
65%
High-School Grad
5.3 sq mi
ZIP Area
8,543
Density / Sq Mi
$51,737
Median Household Income
$29,371
Median Earnings
$1,197
Median Rent
$242,900
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025

Frequently Asked Questions

What type of property is this?
Triplex - Three residences have street and alley access, with tandem driveway parking and additional spaces reached from the alley.
Where is this triplex located?
The property is located at 2516 W PIERSON Street Phoenix, AZ.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Three residential units totaling 2,196 square feet; 1,080‑square‑foot home with 2 bedrooms and 1 bathroom; 780‑square‑foot unit with 2 bedrooms and 1 bathroom
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