1942 W BERRIDGE Lane Phoenix, AZ ^$ 2,485,000

1942 W BERRIDGE Lane

^$ 2,485,000

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1942 W BERRIDGE Lane

Phoenix, AZ, 85015

^$ 2,485,000

Studio Baths0.0

Monthly Estimate*

^$ 15,503

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Studio

Multi-Family Home for sale in Phoenix, AZ

for $2,485,000. This home was built in 1963.

a fully renovated, turn-key 12-unit multifamily asset located in the heart of vibrant Central Phoenix. This rare investment opportunity delivers immediate cash flow and substantial long-term upside in one of the city's most dynamic and accessible submarkets. Lamego Palms features spacious, thoughtfully updated 2-bedroom, 1-bathroom units, each spanning approximately 900 square feet. Every residence is outfitted with modern finishes, upgraded kitchens and bathrooms, and in-unit washer and dryers—premium amenities that elevate tenant satisfaction and support strong retention. Residents enjoy the comfort of large, open floor plans, private in-home laundry, and contemporary interiors that feel like home from day one.

Multi-Family Active

Price

^$ 2,485,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

^$ 5,349

Style

Multiple Dwellings

Year Built

1963

Town/City

Phoenix

County/Region

Maricopa

MLS | Web ID

6865139

Features

General

Sewer Public Sewer

Heating Electric

Cooling Central Air

Roof Built-Up

Zoning R-4

Construction Materials Painted Block Brick

Year Built 1963

Electric Other (See Remarks)

Township 2N

Tax Year 2024

Ownership Fee Simple Fee Simple

Gross Income 0.0

Community Features Other

County Maricopa

Net Operating Income 0.0

Operating Expense 5349.0

Property Type Multiple Dwellings

Attached Garage N

Subdivision Name PARK MARYLAND AMD

Garage Y/N N

Status Active

City Phoenix

Disclosures Other (See Remarks)

High School District Glendale Union High School District

Open Parking Spaces 16.0

Number Of Units Total 12

Carport Y/N N

Tax Annual Amount 5349.0

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N N

Standard Status Active

Tax Lot 8

Senior Community N

Interior

Flooring Ceramic Tile Vinyl Concrete

Air Conditioning Y/N Y

Heating Y/N Y

Total Baths 0

Exterior

Parking Features >1 Space Per Unit

Water Source City Franchise

Total Parking 28.0

Number of Buildings 2

Spa N

Lot Dimensions 143.08x129.27x143.08x129.27

Covered Spaces 12.0

Crops Included Y/N N

Irrigation Water Rights Y/N N

Internal Only

Street Number 1 1942

* Excluded Features

List By

Abi Multifamily

Broker

andrew.arambula@abimultifamily.com

Affordability Calculator

$15,949

Per Month

Monthly Principal & Interest: $15,503
Monthly Property Taxes: $446
Monthly Home Insurance: --

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Loan Term

Interest Rate

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Phoenix, AZ

Average List Price ^$1,164,455

Percent of Sale Price 53%

About Phoenix, AZ

1,596,463 Population

20% Since 2002

^$51,132 Median Income

34.66 Median Age

32% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

4327134 Elementary School

4327258 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
10/13/2025	$2,485,000	-1.78%	Price Down
7/15/2025	$2,530,000	-0.78%	Price Down
5/12/2025	$2,550,000		Listed Price

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1942 W BERRIDGE Lane, Phoenix, AZ, 85015 is a Multi-Family Home for sale at $2,485,000. 1942 W BERRIDGE Lane is a studio with 0.0 baths and was built in 1963. The property's zip code is 85015 which is in Phoenix, AZ

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Arizona Regional Multiple Listing Service, Inc. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors are marked with the ARMLS logo and detailed information about them includes the name of the listing brokers.

All information should be verified by the recipient and none is guaranteed as accurate by ARMLS.

The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of 12/7/2025.

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1942 W BERRIDGE Lane

Multi-Family Home for sale in Phoenix, AZ

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