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

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

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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! This 5-unit multifamily property features five 2-bedroom, 1-bath units with updated interiors and strong rental upside. Current scheduled rents total approximately $6,550/month, with projected market rents of approximately $7,500/month. Offered at $1,185,000, the property has an estimated 5.20% current cap rate with potential for approximately a 6.10% stabilized cap rate. Units feature updated kitchens, cabinetry, flooring and stainless steel appliances. Conveniently located near Downtown Phoenix, employment centers, shopping, dining, healthcare and major transportation corridors. Great opportunity for investors seeking existing cash flow with value-add potential. Buyer to verify all facts and figures.

Multi-Family Active

Price

^$ 1,185,000

Bedrooms

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 Varies by Unit Electric

Cooling Electric Varies by Unit

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 I-17 exit Indian School Rd and head east. Turn right (south) on 15th Ave. Property is located at **4012 N 15th Ave Phoenix AZ 85015** on 15th Ave near Indian School Rd.

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

Interior

Flooring Vinyl

Air Conditioning Y/N Y

Heating Y/N Y

Total Bedrooms 10

Total Baths 5

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

Internal Only

Street Number 1 4012

* Excluded Features

List By

Gile Commercial Real Estate

Broker

LUIS@GILECRE.COM

Affordability Calculator

$7,705

Per Month

Monthly Principal & Interest: $7,482
Monthly Property Taxes: $222
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly 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

Trends
Schools

Multi-family listings in Phoenix, AZ

Average List Price ^$1,152,823

Percent of Sale Price 3%

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.

4327165 Elementary School

4327058 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
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

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: 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.

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 10/3/2026.

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4012 N 15TH Avenue

Multi-Family Home for sale in Phoenix, AZ

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