1237 E PIERCE Street, Phoenix, AZ 85006, Phoenix, 85006 - 2 bed, 1 bath
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Phoenix, AZ 85006
This Historic Value-Add Asset is listed at $454,999, reflecting the high-demand location of the Garfield Historic District relative to its $318,740 Fair Market Value. With a Condition Rating of 5, the 1916 structure requires a full rehab but offers significant upside through a third bedroom conversion and a detached garage guest suite. Served by Garfield School, Edison School, and North High School, the property features a newer A/C and stucco. This is a strategic acquisition for Fix-and-Flip Investors or Contractors targeting the downtown Phoenix corridor.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1237 E PIERCE Street Subject | $454,999* List Price | 2 | 1 | 1,181 | $270 | - |
A 1346 E PALM Lane Sold | $545,000 | 2 | 1 | 1,123 | $485 | 1.0 mi |
B 1805 N 16TH Street Sold | $370,000 | 3 | 1 | 1,222 | $303 | 1.0 mi |
C 1309 E WILLETTA Street Active | $395,000 List Price | 2 | 1 | 1,114 | $355 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1916, this property requires a full rehab to meet modern standards. While the listing mentions a newer HVAC and stucco, the interior photos reveal significant wall cracking, dated tile flooring, and a kitchen/bath configuration that appears to be over 30 years old. The agent's description of 'lots of potential' and 'bring your imagination' confirms the need for substantial renovation.
Situated in the desirable Garfield Historic District, this property offers exceptional proximity to Downtown Phoenix and Chase Field, providing high appeal for urban professionals and investors.
The home features a storage room convertible into a third bedroom and a detached garage with guest suite potential, offering clear pathways to increase square footage and property value.
The inclusion of a newer A/C system and updated stucco provides critical peace of mind and reduced immediate maintenance costs for a historic home built in 1916.
With only one bathroom for nearly 1,200 square feet, the layout may be restrictive for families and could impact competitive positioning against modernized area comps.
The local assigned schools have relatively low performance ratings (3/10 and 4/10), which may deter owner-occupant buyers who prioritize educational district quality.
Great opportunity to own this 2-bed, 1-bath home located in the Garfield Historic District, minutes from Down Town & Chase Field. With newer A/C, & Stucco, the front porch is just the beginning. Inside is bright & light, open living room & formal dining space. The galley kitchen, featuring a gas range & wood cabinetry. Home has lots of potential - just bring your imagination. Features split bedrooms with a storage room on the back that could easily be converted into 3rd bedroom. Check out the private backyard, an ideal spot to craft your own ideas with the detached car garage that could be turned into a guest room/suite. This your chance to shape something truly special! Home is close to schools, shopping and entertaining! This is a Must See....
No exterior & parking available.
Grades PK-8 • 0.2 mi
Grades PK-8 • 0.6 mi
Grades PK-8 • 1.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 30% |
| Baths | 1.0 | 2.0 | 36% |
| Square foot | 1,181 | 1,342 | 32% |
| Lot Size | 6,738 | 6,825.5 | 43% |
| Price | $455.0K | $432.5K | 64% |
| Price per sq ft | $385 | $328 | 67% |
| Built year | 1916 | 1945 | 8% |
| HOA | $0 | $0 | 50% |
| Days on market | 18 | 1345 | 1% |
Apr 27, 2026
$454,999
Initial Listing