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4815 N 15TH Avenue Phoenix, AZ $ 2,999,000
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4815 N 15TH Avenue
$ 2,999,000
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4815 N 15TH Avenue

Phoenix, AZ, 85015
$ 2,999,000
Bedrooms32 Baths0.0

Monthly Estimate*

$ 18,936

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Multi-Family Home for sale in Phoenix, AZ

for $2,999,000 with 32 bedrooms. This home was built in 1958.

Palm Square 24 is located at 15th and Camelback, in the heart of Phoenix, just a 1 mile+ to Uptown Plaza & the Melrose District. Addresses include 4819, 4815, & 4811. Under $125,000/door & less than $200/sq ft. Unit mix consists of (8) very large 2 bed units; (10) 1 bed units; & (6) large studio units (15,000 total sq ft). The complex underperformed in 2025 with a low NOI. However, Palm Square 24 is now 100% occupied with $21,200 gross rents in place for August 2026. Forward pro forma close to a 6 CAP. The complex went through many significant renovations over the last 5 years. Many units include in-suite washer/dryer sets & upgraded electrical systems. Lots of storage-additional density potential. Ample parking with carports. Ability to control 1.09 acres in an OZ in Uptown PHX.

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Multi-Family Active

Price

$ 2,999,000

Bedrooms

32

Property Type

Multi-Family

Taxes

$ 7,236

Style

Multiple Dwellings

Year Built

1958

Town/City

Phoenix

County/Region

Maricopa

MLS | Web ID

7072051
Features
General
Sewer Public Sewer
Heating Forced Air Individual Heat Pump
Cooling Electric Individual
Roof Composition
Zoning R-4
Security Features Security Light(s)
Construction Materials Painted Block
Year Built 1958
Electric SRP
Township 2N
Tax Year 2025
Ownership Fee Simple Fee Simple
Gross Income 254400.0
Community Features Other See Remarks Barbecue No Pool
County Maricopa
Net Operating Income 177660.0
Operating Expense 76740.0
Insurance Expense 0.0
New Construction N
Property Type Multiple Dwellings
Attached Garage N
MaintenanceExpense 0.0
Subdivision Name COX ESTATES 2
Garage Y/N N
Status Active
Directions Just south of Camelback on the east side of 15th Ave.
City Phoenix
Disclosures Other (See Remarks) Seller Prop Disc Stm
High School District Phoenix Union High School District
Open Parking Spaces 8.0
Number Of Units Total 24
Carport Y/N N
Tax Annual Amount 7236.0
Electric Expense 0.0
Trash Expense 0.0
Lease Renewal Y/N N
Additional Parcels Y/N Y
Lease Considered Y/N N
Rent Control Y/N N
Standard Status Active
Elementary School District Osborn Elementary District
Tax Lot 64
Cap Rate 5.92
New Financing: Conventional True
Senior Community N
New Financing: Cash True
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Interior
Flooring Tile Carpet Vinyl
Air Conditioning Y/N Y
Heating Y/N Y
Total Bedrooms 32
Total Baths 24
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Exterior
Parking Features >1 Space Per Unit
Water Source City Franchise
Total Parking 40.0
Number of Buildings 6
Spa N
Lot Dimensions 1.09 acres
Road Surface Type Asphalt
Covered Spaces 32.0
Crops Included Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 4815
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* Excluded Features
List By
Better Homes & Gardens Real Estate Sj Fowler

Broker

cstephens@CCIM.net

Email

Affordability Calculator

$19,539
Per Month
97%
3%
0%
Monthly Principal & Interest
$18,936
Monthly Property Taxes
$603
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% 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
4327165 Elementary School
4327058 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
8/27/2026$2,999,000 Listed Price

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4815 N 15TH Avenue, Phoenix, AZ, 85015 is a Multi-Family Home for sale at $2,999,000. 4815 N 15TH Avenue has 32 bedrooms, 0.0 baths, and was built in 1958. The property's zip code is 85015 which is in Phoenix, AZ

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