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4815 N 15th Ave, Phoenix, AZ 85015

  • $2,999,000

  • 26

    bed

  • 18

    bath

Multi-family for sale 4 days
80 homes bought nearby with Movoto recently

About 4815 N 15th Ave

Property type Multi-family
Neighborhood
Year built 1958
HOA fee $0/month
Property description
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.
Listed by
Listing Agent - James C Stephens
Listing Office - Better Homes & Gardens Real Estate SJ Fowler
Source: ARMLS mls logo
MLS#7072051 • last updated 4 days ago
Movoto checked ARMLS for data 10 minutes ago
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Overview
Cooling/AC Electric, Individual
Heating Forced Air, Individual, Heat Pump
MLS # 7072051
Type Multiple Dwellings
Status Active
Property Tax 7236
Year Built 1958
Interior
Total # of Bathrooms 24
Total # of Bedrooms 32
Flooring Tile, Carpet, Vinyl
Appliances Free-Standing Range, Refrigerator, See Remarks, Washer/Dryer, W/D Hookup
Exterior
Roof Composition
Construction Painted, Block
Parking >1 Space Per Unit
# of Open Parking Spaces 8
# of Covered Spaces 32
Amenities / Utilities
Water Source City Franchise
Sewer/Septic Public Sewer
Security Features Security Light(s)
Location
Subdivision COX ESTATES 2
Community Features Other, See Remarks, Barbecue, No Pool
Elementary School District Osborn Elementary District
High School District Phoenix Union High School District
APN 155-44-069-B
Zoning R-4
Directions Just South Of Camelback On The East Side Of 15th Ave.
Multifamily Details
Total # of Units 24
Expense: Operating 76740
Financial Data Source Owner, Other (See Remarks), Projected Proforma
Net Operating Income 177660
Gross Income 254400
Expense: Other 69504
Gross Scheduled Income 254400
Lot/ Land Details
Road Surface Asphalt
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4/10
Clarendon School
public Grades PK, K-8
Osborn Elementary District
4/10
Encanto School
public Grades PK, K-8
Osborn Elementary District
4/10
Osborn Middle School
public Grades 7-8
Osborn Elementary District
3/10
Central High School
public Grades 9-12
Phoenix Union High School District
8/10
Phoenix Coding Academy
public Grades 9-12
Phoenix Union High School District
Source: GreatSchools.org © 2026. All rights reserved.

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  • Real Estate
  • AZ
  • Maricopa County
  • Phoenix
  • 85015
  • 4815 N 15th Ave

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