4815 N 15TH Avenue, Phoenix, AZ 85015
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4815 N 15TH Avenue, Phoenix, AZ 85015
4815 N 15TH Avenue, Phoenix, AZ 85015
4815 N 15TH Avenue, Phoenix, AZ 85015
4815 N 15TH Avenue, Phoenix, AZ 85015
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Caitlin Cullipher

Caitlin Cullipher

+1(480) 347-7337
$ 2,999,000
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4815 N 15TH Avenue Phoenix, AZ 85015

32 Beds

UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Subdivision Cox Estates 2

MLS Listing ID 7072051

Bedrooms 32

Year Built 1958

Annual Tax Amount $7,236

Tax Year 2025

Lot Dimensions 1.09 acres

Source Arizona Regional Multiple Listing Service (ARMLS)

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.

Location

State AZ

County Maricopa

Community Cox Estates 2

Area Maricopa

Zoning R-4

Direction Just south of Camelback on the east side of 15th Ave.

Interior

Heating Forced Air, Individual, Heat Pump

Cooling Electric, Individual

Flooring Carpet

Appliance Free-Standing Range, Refrigerator, See Remarks, Washer/Dryer, W/D Hookup

Exterior

Parking Features >1 Space Per Unit

Community Features Other, See Remarks, Barbecue, No Pool

Roof Type Composition

Private Pool No

Building

Sewer Public Sewer

Water City Franchise

New Construction No

Schools

School District Phoenix Union High School District

Others

Senior Community No

Tax ID 155-44-069-B

Acceptable Financing Conventional

Disclosures Other (See Remarks), Seller Prop Disc Stm

Listing Terms Conventional

Arizona Regional MLS (ARMLS)

Copyright 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

Listed by Better Homes & Gardens Real Estate SJ Fowler • James C Stephens

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+1(480) 347-7337

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4815 N 15TH Avenue