1021 E Pierce Street, Phoenix, AZ 85006 (MLS# 7076583)

1021 E Pierce Street, Phoenix, AZ 85006

$1,280,000

Property Type: Multiple Dwellings Bedrooms: 12 Baths: 8 Status: Active

Current Price: $1,280,000 Last Modified: 9/05/2026

Overview

Description

Incredible Investment Opportunity in the Heart of Historic Garfield - A rare and highly desirable 4-unit multifamily property nestled in one of Phoenix's most sought-after and culturally rich neighborhoods, the Historic Garfield District. Whether you're a seasoned investor or looking to house-hack your way to financial freedom, this property delivers cash flow with massive upside potential. Each spacious 900 sqft units features 3 bedrooms and 2 full bathrooms, offering a layout that commands top-of-market rents in today's competitive Phoenix rental market. With a projected average rental income of $2,100 per unit per month. Situated in the heart of the Historic Garfield District one of downtown Phoenix's most vibrant , walkable, and character-filled neighborhoods.

Listing Details MLS# 7076583

Location, Tax & Legal

House Number: 1021
Compass: E
Street Name: Pierce
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85006
Country: US
County Code: Maricopa
Assessor Number: 113-27-111
Tax Year: 2025
Assessor's Map #: 27
Assessor's Parcel #: 111
Add'l Parcels: No
Tax Municipality: Phoenix
Taxes: 2795
Legal: MT PLEASANT TR
Marketing Name: N/A

Contract Info

Ownership: Fee Simple

General Property Description

Lot Size Dimensions: 0.158 acres
Year Built: 2006
Uncvrd Parking Spcs: 5
Total # of Units: 4
# of Buildings: Yes
Zoning: R-3

Remarks Misc

Cross Street: 11th steet and Pierce
Directions: From the I-10 Freeway, take the 7th Street exit heading South. Continue south on 7th Street and turn Left (East) on Pierce Street. Proceed east on Pierce Street approximately 0.3 miles -- property will be on the Right (South) side of the street. Look for 1021 E Pierce St. Sign on property.

Legal Info

Lot Number: 116-27-111

3 Bedrooms Units

# 3 Bedroom Units: 4
Avg Rent: 2000
Avg SqFt: 900
# Baths: 2

More Information

Structure

Bedrooms Total: 12
Bathrooms Total: 8

Income Expenses

Gross Annual Sch Inc: 96000
Net Operating Income: 80000

Showing Notification Methods

Showing Service: Non-MLS Showing Service - See Private Remarks
Text: Yes
Phone Call: Yes

Project Type

Four Plex: Yes

Efficiency Units

Avg Rent: 0

1 Bedroom Units

Avg Rent: 0

2 Bedroom Units

Avg Rent: 0

4 Bedrooms Units

Avg Rent: 0

Construction

Wood Frame: Yes

Const - Finish

Stucco: Yes
Stone: Yes

Roofing

Composition: Yes

Floors

Laminate: Yes

Sale Includes

Building(s) Only: Yes

Income & Expenses

Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 2795
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 96000
Total Monthly Rental Income: 8000

Pmt & Rate Info

Cap Rate: 6.25
Equity: 1280000
Down Payment %: 5
Monthly Payments: 0
Total Owed: 0

Lockbox Type

Combo: Yes
See Private Remarks: Yes

Community Features

No Pool: Yes

Heating

Ceiling: Yes
Forced Air: Yes
Hot Water: Yes

Cooling

Ceiling Fan(s): Yes
Central Air: Yes

Exterior Amenities

Landscape Water System: Yes
Desert Landscaping: Yes
Fenced: Yes
Sidewalk(s): Yes
Security Light(s): Yes

Interior Features

Fire/Smoke Alarm(s): Yes

Tenant Pays

Electricity: Yes
Cable TV: Yes

Appliances Included

Dishwasher: Yes
Disposal: Yes
Free-Standing Electric Oven: Yes
Microwave: Yes
Refrigerator: Yes
Washer/Dryer: Yes
W/D Hookup: Yes

Road Access Type

Alley: Yes
City Street: Yes

Road Surface Type

Asphalt: Yes

Source of Fincl Data

Owner: Yes

Road Responsibility

City Maintained Road: Yes
Private Maintained Road: Yes

Water Source

City Franchise: Yes

Sewer

Sewer - Public: Yes

Parking Features

On Street: Yes
1 Space/Unit: Yes
Add'l Parking Avail: Yes
Assigned: Yes

Electric

APS: Yes

Gas

None: Yes

Owner Pays

Water: Yes
Sewer: Yes
Electric: Yes

New Financing

Cash: Yes
VA: Yes
FHA: Yes
Owner May Carry: Yes
Other (See Remarks): Yes

Existing 1st Loan

VA: Yes

Reports/Disclosures

Appraisal: Yes

Environmental

Phase I Available: Yes

Property Features

Project Type: Four Plex Construction: Wood Frame Const - Finish: Stucco; Stone Roofing: Composition Floors: Laminate Sale Includes: Building(s) Only Community Features: No Pool Exterior Amenities: Landscape Water System; Desert Landscaping; Fenced; Sidewalk(s); Security Light(s) Interior Features: Fire/Smoke Alarm(s) Appliances Included: Free-Standing Electric Oven; Refrigerator; Dishwasher; Disposal; Microwave; Washer/Dryer; W/D Hookup Heating: Ceiling; Forced Air; Hot Water Cooling: Ceiling Fan(s); Central Air Water Source: City Franchise Sewer: Sewer - Public Electric: APS Gas: None Parking Features: On Street; 1 Space/Unit; Add'l Parking Avail; Assigned Road Access Type: Alley; City Street Road Surface Type: Asphalt Road Responsibility: City Maintained Road; Private Maintained Road Owner Pays: Water; Electric Tenant Pays: Electricity; Cable TV Source of Fincl Data: Owner Showing Notification Methods: Text; Phone Call Lockbox Type: Combo; See Private Remarks Existing 1st Loan: VA New Financing: Cash; VA; FHA; Owner May Carry; Other (See Remarks) Environmental: Phase I Available

Documents

SPDS ›

Listing Office: FSR Realty

Last Updated: September - 05 - 2026