For Sale Multi-Family MLS# 7072051

4815 N 15TH Avenue

Phoenix, AZ 85015

$2,799,000

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Listing Office

Officearizona-regional-mls-rsd logoBetter Homes & Gardens Real Estate SJ Fowler
AgentJames C Stephens
Phone480-649-3536

About 4815 N 15TH Avenue

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. Full stabilized. $116,625/door & less than $187/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. $21,200 gross rents currently with a 6.35 CAP rate. 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 PH

Property details

Property

Type
multi
MLS type
Multi Family Home
Status
Active
Year built
1958
Original price
$2,999,000
MLS #
7072051

Interior

Features
true, Electric, Varies by Unit, true, Forced Air, Varies by Unit, Heat Pump, Tile, Carpet, Vinyl
Flooring
Tile, Carpet, Vinyl
Heating
true, Forced Air, Varies by Unit, Heat Pump
Cooling
true, Electric, Varies by Unit

Exterior & lot

Features
>1 Space Per Unit, Parking spaces: 40
Construction
Painted, Block, Composition
Roof
Composition
Lot
R-4, LOT 64 COX ESTATES 2 MCR 007242, 15544069B
Parking
>1 Space Per Unit

Schools

District
Osborn Elementary District

Utilities

Utilities
Public Sewer, City Franchise, SRP, Electricity on Property
Water
City Franchise
Sewer
Public Sewer
Security
Security Light(s)

Financial

Financial
Arizona Regional Multiple Listing Service 2
Annual tax
$7,236
Tax year
2025
Parcel
15544069B
Legal
LOT 64 COX ESTATES 2 MCR 007242

Location

Subdivision
COX ESTATES 2
County
Maricopa
Community
Maricopa, Asphalt, Arizona Regional Multiple Listing Service 2, Osborn Elementary District
Directions
Just south of Camelback on the east side of 15th Ave.

Location

Neighborhood
COX ESTATES 2
School district
Osborn Elementary District

Interested in this home?

Questions on 4815 N 15TH Avenue, Phoenix, AZ 85015, or want to see it in person?

The Anderson Team · (480) 900-9140

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