AZ
Maricopa
Phoenix
85015
4815 N 15TH Avenue
4815 N 15TH Avenue, Phoenix, AZ 85015
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Listing Type
Multi Family
Listing Status
Active
24
$2,999,000

Home Details for 4815 N 15TH Avenue

Price
$2,999,000
Type
Residential Income
Bedrooms
32
Total Bathrooms
24
Year built
1958
County
Maricopa
Listing #
7072051
Listing Courtesy: Better Homes & Gardens Real Estate SJ Fowler - 480-649-3536
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.

Property Features
  • Cooling Information
    • Central Air
    • Electric
  • Heating Information
    • Forced Air
    • Heat Pump
  • Water Features
    • Public
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Last Updated: 2026-08-27 18:20:31
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