$1,265,000
SOLD MAR 21, 2025

1021 E Pierce St Phoenix, AZ 85006

Garfield Neighborhood
-- Bed
-- Bath
3,789 Sq Ft
6,882 Sq Ft Lot

Recently Sold

$334 Per Sq Ft

5 Days on Market

Highlights

  • Cooling Available
  • Vinyl Flooring
  • Individual Controls for Heating
  • Phoenix Coding Academy Rated A

About This Home

As of March 2025

1021 E Pierce St is a 4-unit, garden-style property, built in 2006. The property offers an excellent investment opportunity in the sought-after Garfield Historic District. Each unit features 3 bedrooms, 2 bathrooms, and 950 square feet of living space. The property includes washer & dryer hookups in every unit and is individually metered for electricity. Residents also enjoy a landscaped community yard and an on-site parking lot. With value-add potential through continued interior and exterior renovations, the property is also extremely well located within walking distance of Arizona State University's Downtown Campus, Chase Field, and the vibrant dining and entertainment scene of Downtown Phoenix.

Last Agent to Sell the Property

Bryce Neagle

ABI Multifamily License #SA692871000

Co-Listed By

Andrew Arambula

ABI Multifamily License #SA688881000

Last Buyer's Agent

Tavaughn Nivens

FSR Realty License #SA697244000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,632

Year Built

  • Built in 2006

Home Design

  • Wood Frame Construction
  • Tile Roof
  • Stucco

Flooring

  • Vinyl Flooring

Parking

  • 6 Open Parking Spaces
  • 6 Parking Spaces

Utilities

  • Cooling Available
  • Individual Controls for Heating

Listing and Financial Details

  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 11
  • Assessor Parcel Number 116-27-111

Community Details

Overview

  • 4 Units
  • Building Dimensions are 6,875 sqft
  • Mt Pleasant Tract Blocks 2 5 Subdivision

Building Details

  • Operating Expense $19,728
  • Gross Income $95,128
  • Net Operating Income $75,906

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,632

Year Built

Built in 2006

Lot Details

0

Listing Details

  • Cross Street: East Pierce Street & North 11th Street
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 2006
  • Tax Year: 2024
  • Road Surface Type: Asphalt
  • Professional Management Expense: 7396.0
  • Co List Office Mls Id: abim01
  • Co List Office Phone: 602-714-1400
  • Subdivision Name: MT PLEASANT TRACT BLOCKS 2-5
  • Construction:Wood Frame: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Vinyl
  • Appliances: Built-In Range, Dishwasher, Refrigerator, Microwave, W/D Hookup
  • Appliances Included:Microwave2: Yes
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:BI OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Wood Frame, Painted, Stucco
  • Roof: Tile

Garage/Parking

  • Parking Features: Paved, 1 Space/Unit
  • Attached Garage: No
  • Open Parking Spaces: 6.0
  • Total Parking Spaces: 6.0
  • General Property Description:Uncvrd Parking Spcs: 6.0
  • General Property Description:Total Parking Spcs: 6.0
  • Parking Features:Paved2: Yes

Utilities

  • Electric: Individual Meter
  • Cooling: Electric, Individual
  • Heating: Individual, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes
  • Heating:Individual: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Green Landscaping: Yes
  • Exterior Amenities:Fenced3: Yes

Fee Information

  • Trash Expense: 600.0
  • Annual Water Sewer Expense: 2600.0

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: 6,875 sqft
  • Additional Parcels: No
  • Parcel #: 116-27-111

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Number Of Units Total: 4
  • Annual Gross Income: 95128.0
  • Insurance Expense: 2400.0
  • Maintenance Expense: 1600.0
  • Property Net Operating Income: 75906.0
  • Annual Operating Expense: 19728.0
  • Vacancy Allowance Rate: 0.06

Tax Info

  • Tax Annual Amount: 2632.0
  • Tax Book Number: 116.00
  • Tax Lot: 11

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/21/2025 03/21/25 Sold $1,265,000 +0.4% $334 / Sq Ft
03/07/2025 03/07/25 Price Changed $1,260,000 0.0% $333 / Sq Ft
03/07/2025 03/07/25 For Sale $1,260,000 0.0% $333 / Sq Ft
01/29/2025 01/29/25 For Sale $1,260,000 -- $333 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $2,632 $19,679 -- --
2024 $2,606 $18,742 -- --
2023 $2,606 $64,900 $12,980 $51,920
2022 $2,514 $44,830 $8,960 $35,870
2021 $2,495 $36,410 $7,280 $29,130
2020 $2,523 $34,000 $6,800 $27,200
2019 $2,519 $31,680 $6,330 $25,350
2018 $2,476 $29,230 $5,840 $23,390
2017 $2,419 $29,550 $5,910 $23,640
2016 $2,349 $27,920 $5,580 $22,340
2015 $2,174 $25,050 $5,010 $20,040
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,265,000 VA
Previous Owner $904,428 VA
Previous Owner $440,000 New Conventional
Previous Owner $322,000 Purchase Money Mortgage
Previous Owner $322,500 Construction
Source: Public Records

Deed History

Date Type Sale Price Title Company
Warranty Deed $1,265,000 Roc Title Agency
Quit Claim Deed -- Wfg Lender Services
Warranty Deed $550,000 Camelback Title Agency Llc
Warranty Deed $460,000 Camelback Title Agency Llc
Interfamily Deed Transfer -- Camelback Title Agency Llc
Cash Sale Deed $41,200 Arizona Title Agency Inc
Cash Sale Deed $30,950 Stewart Title & Trust
Warranty Deed -- Stewart Title & Trust
Source: Public Records

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6812277

Arizona Regional Multiple Listing Service (ARMLS)

APN: 116-27-111

Arizona Maricopa County Phoenix 85006 Garfield

1021 E Pierce St, Phoenix, AZ

Homes for Sale in Phoenix, AZ

This home is located at 1021 E Pierce St, Phoenix, AZ 85006 and is currently priced at $1,265,000, approximately $333 per square foot. This property was built in 2006. 1021 E Pierce St is a home located in Maricopa County with nearby schools including Garfield School, North High School, and Phoenix Coding Academy.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Arizona Regional Multiple Listing Service (ARMLS) All information should be verified by the recipient and none is guaranteed as accurate by ARMLS

Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393