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Historic Five-Unit Apartment Property
For Sale
$1,224,997

712 E PIERCE Street, Phoenix, AZ 85006

Furnished apartments offer refreshed interiors, private patios, parking, and separately metered electricity.

Property SizeContact for details
Days on Market445

Property Features for 712 E PIERCE Street

General Information

Standard status Active
Property subtype Multi Family

Taxes and HOA fees

Annual Taxes $1,770

Building Details

Year Built 1931
Listing Agency: ABI Multifamily
Listed By: Thomas Palestina · License #SA688331000
Source: Exitrealty
Added: Jun 16, 2025 Changed: Sep 2 Last Checked: Sep 2 at 4:05PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of ABI Multifamily

Investment Insights

Based on property information with market context.

Built in 1931, this apartment property comprises three buildings on one parcel with five furnished units. The configuration includes one two-story 2-bed/2-bath residence, two 2-bed/1-bath units, and two 1-bed/1-bath units. Interior improvements include wood and tile flooring, updated kitchens, and refreshed bathrooms. Select residences feature private patios, while a shared laundry room and dedicated parking serve the property. Electricity is individually metered for each unit.

The property is located in Phoenix’s Garfield Historic District at 712 E Pierce Street. Roosevelt Row, ASU Downtown, Chase Field, and Footprint Center are each within a few blocks. The furnished configuration has operated as a short- and mid-term rental property and can also support longer-term occupancy.

Key Highlights

  • Five furnished apartment units across three buildings on one parcel
  • Unit mix includes one 2‑bed/2‑bath, two 2‑bed/1‑bath, and two 1‑bed/1‑bath residences
  • Built in 1931 within Phoenix’s Garfield Historic District

Property Analytics

Current Use

Short term rental ...

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Tanning Salon Veterinary Clinic Mobile Phone Store Butcher Restaurant

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

Location Intelligence

Trade Area within ½ mile

4,918
Businesses Nearby

Demographics for 85006, AZ

23,797
Population
10,607
Households
2.2
Avg Household Size
34
Median Age
27%
College-Educated
78%
High-School Grad
4.0 sq mi
ZIP Area
5,949
Density / Sq Mi
$60,742
Median Household Income
$39,899
Median Earnings
$1,168
Median Rent
$376,600
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Furnished apartments offer refreshed interiors, private patios, parking, and separately metered electricity.
Where is this apartment building located?
The property is located at 712 E PIERCE Street Phoenix, AZ.
What is the asking price?
The asking price for this property is $1,224,997.
What are key features of this property?
This property features: Five furnished apartment units across three buildings on one parcel; Unit mix includes one 2‑bed/2‑bath, two 2‑bed/1‑bath, and two 1‑bed/1‑bath residences; Built in 1931 within Phoenix’s Garfield Historic District
More about this property
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