$2,799,000
4815 N 15TH AvenuePhoenix, AZ 85015
MLS# 7072051
32 beds | 24 baths
1 / 24
Property DescriptionPalm 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
Details
Contract Info
Current Price: $2,799,000
List Price: $2,799,000
Status: Active
List Date: 2026-08-25
Ownership: Fee Simple
Location, Tax & Legal
House Number: 4815
Compass: N
Street Name: 15TH
St Suffix: Avenue
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85015
Zip4: 3629
Country: US
County Code: Maricopa
Subdivision: COX ESTATES 2
Assessor Number: 155-44-069-B
Tax Year: 2025
General Property Description
Lot Size Dimensions: 1.09 acres
Year Built: 1958
Uncvrd Parking Spcs: 8
Total # of Units: 24
# of Buildings: 6
Zoning: R-4
Flood Zone: No
Elementary School District: Osborn Elementary District
High School District: Phoenix Union High School District
Legal Info
Township: 2N
Range: 3E
Section: 19
Lot Number: 64
Efficiency Units
# Efficiency Units: 6
Avg Rent: 682
Avg SqFt: 427
# Baths: 1
1 Bedroom Units
# 1 Bedroom Units: 10
Avg Rent: 791
Avg SqFt: 540
# Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 8
Avg Rent: 1044
Avg SqFt: 880
# Baths: 1
Structure
Bedrooms Total: 32
Bathrooms Total: 24
Income & Expenses
Gross Annual Sch Inc: 254,400
Net Operating Income: 177,660
Showing Notification Methods
Showing Service: No Showing Service Used
Remarks Misc
Cross Street: 15th Ave and Camelback
Directions: Just south of Camelback on the east side of 15th Ave.
Geo Lat: 33.507911
Geo Lon: -112.090945
Property Features
Project Type: 13 - 24 Units
Other Type: Packaged Offering
Construction: Block
Const - Finish: Painted; Other (See Remarks)
Roofing: Composition
Floors: Tile; Vinyl; Carpet
Sale Includes: Land & Building; Other (See Remarks)
Community Features: No Pool; Barbecue; Other; See Remarks
Exterior Amenities: Green Landscaping; Desert Landscaping; Partially Fenced; Cable TV Available; Patio/Balcony; Separate Storage; Security Light(s); Other (See Remarks)
Interior Features: Fire/Smoke Alarm(s); Other (See Remarks)
Appliances Included: Refrigerator; Free-Standing Range; Washer/Dryer; W/D Hookup; See Remarks
Heating: Forced Air; Heat Pump; Individual
Cooling: Electric; Individual
Water Source: City Franchise
Sewer: Sewer - Public
Electric: SRP
Gas: None
Parking Features: >1 Space Per Unit
Road Access Type: City Street
Road Surface Type: Asphalt
Road Responsibility: City Maintained Road
Owner Pays: Water; Sewer; Trash Collection; Landscaping; Other
Tenant Pays: Electricity; Other (See Remarks)
Source of Fincl Data: Owner; Projected Proforma; Other (See Remarks)
Lockbox Type: See Private Remarks; None
Existing 1st Loan: Conventional
Existing 1st Loan Type: Not Applicable
Existing 1st Loan Terms: Not Applicable
Existing 2nd Loan: Treat as Free&Clear
Existing 2nd Loan Type: Not Applicable
Existing 2nd Loan Terms: Not Applicable
Existing 3rd Loan: Treat as Free&Clear
Existing 3rd Loan Type: Not Applicable
Existing 3rd Loan Terms: Not Applicable
Existing Othr Ln Trm: Not Applicable
New Financing: Cash; Conventional
Environmental: None
Listing Office: Better Homes & Gardens Real Estate SJ Fowler
Last Updated: October - 27 - 2026
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