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4012 N 15TH Avenue Phoenix, AZ $ 1,185,000
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4012 N 15TH Avenue
$ 1,185,000
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4012 N 15TH Avenue

Phoenix, AZ, 85015
$ 1,185,000
Bedrooms10 Baths0.0

Monthly Estimate*

$ 7,482

4012 N 15TH Avenue, Phoenix, AZ 85015 - Image 1
4012 N 15TH Avenue, Phoenix, AZ 85015 - Image 2
4012 N 15TH Avenue, Phoenix, AZ 85015 - Image 3
4012 N 15TH Avenue, Phoenix, AZ 85015 - Image 4
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4012 N 15TH Avenue, Phoenix, AZ 85015 - Image 9

Multi-Family Home for sale in Phoenix, AZ

for $1,185,000 with 10 bedrooms. This home was built in 1959.

Excellent Central Phoenix investment opportunity! Updated 5-unit multifamily property featuring spacious 2BD/1BA units. Units offer updated kitchens, bathrooms, flooring and appliances. Property includes covered parking, private outdoor areas and low-maintenance landscaping. Additional value-add opportunity with existing bonus space that could potentially be converted into an on-site laundry facility, creating an additional revenue stream while providing a desirable tenant amenity and supporting future rent growth. Alternatively, the space could be utilized as tenant storage for additional monthly rental income. Convenient Central Phoenix location near 15th Ave & Indian School Rd with easy access to Downtown Phoenix, freeways, shopping, dining and public transportation.

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Multi-Family Active

Price

$ 1,185,000

Bedrooms

10

Property Type

Multi-Family

Taxes

$ 2,669

Style

Multiple Dwellings

Year Built

1959

Town/City

Phoenix

County/Region

Maricopa

MLS | Web ID

7063520
Features
General
Sewer Public Sewer
Heating Individual Electric
Cooling Electric Individual
Roof Composition
Zoning R-5
Construction Materials Painted Block
Year Built 1959
Electric Individual Meter
Township 2N
Tax Year 2025
Ownership Fee Simple Fee Simple
Gross Income 78048.0
Community Features No Pool
County Maricopa
Net Operating Income 74744.0
Operating Expense 7169.0
New Construction N
Property Type Multiple Dwellings
Attached Garage N
Subdivision Name PARK FAIRMONT AMD
Garage Y/N N
Status Active
Directions From 15th Ave & Indian School Rd head south on 15th Ave turn right (west) on Fairmount Ave. Property is located at 4012 N 15th Ave Phoenix AZ 85015.
City Phoenix
Disclosures None
High School District Phoenix Union High School District
Open Parking Spaces 0.0
Number Of Units Total 5
Carport Y/N N
Tax Annual Amount 2669.0
Water Sewer Expense 4500.0
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Standard Status Active
Elementary School District Osborn Elementary District
Tax Lot 2
Cap Rate 6.31
New Financing: Conventional True
Senior Community N
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Interior
Flooring Vinyl
Air Conditioning Y/N Y
Heating Y/N Y
Total Bedrooms 10
Total Baths 5
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Exterior
Parking Features 1 Space/Unit Carport
Water Source City Franchise
Total Parking 5.0
Number of Buildings 1
Spa N
Lot Dimensions 10723
Road Surface Type Asphalt
Covered Spaces 5.0
Crops Included Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 4012
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* Excluded Features
List By
Gile Commercial Real Estate

Broker

LUIS@GILECRE.COM

Email

Affordability Calculator

$7,705
Per Month
97%
3%
0%
Monthly Principal & Interest
$7,482
Monthly Property Taxes
$222
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
8/7/2026$1,185,000 Listed Price

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4012 N 15TH Avenue, Phoenix, AZ, 85015 is a Multi-Family Home for sale at $1,185,000. 4012 N 15TH Avenue has 10 bedrooms, 0.0 baths, and was built in 1959. The property's zip code is 85015 which is in Phoenix, AZ

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