BEDS32
BATHS
MLS#7072051
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONCOX ESTATES 2
SCHOOLPhoenix Union High School District
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
Property Type: Multi Unit - Multiple
Cooling: Electric, Varies by Unit
Heating: Heat Pump, Varies by Unit, Forced Air
Roof Type: Composition
Taxes: $7,236
Year Built: 1958
Feature Descriptions
Community Features: No Pool, Other, Barbecue, See Remarks
Days on Site: 6
Exterior: Block, Painted
Parking: >1 Space Per Unit
Water: City Franchise
Local Schools
School District: Phoenix Union High School District
Listed By / Shown By
Listed By
Agency Name: Better Homes & Gardens Real Estate SJ Fowler
Agency Phone: 480-649-3536
Shown By
Agency Title: Arizona Best Real Estate
Agency Phone: 480-948-4711
Estimate Your Payment
Estimated Payment
$ 8,152.18 per month $6,674.47 Principal & Interest $603.00 Property Tax $874.71 Homeowner's Insurance
4815 N 15th Avenue | MLS# 7072051
This multi-family property located at 4815 N 15th Avenue, Phoenix, AZ 85015 is currently listed for sale with an asking price of $2,999,000. N 15th Avenue is located within the Phoenix Union High School District school district. Search Phoenix real estate on www.arizonabest.com today.