About This Home

This 32-bedroom, 24-bathroom residential multi family at 4815 N 15TH Avenue in Phoenix, AZ is listed for $2,799,000. Built in 1958, on a N/A lot.

Key Features

  • Built in 1958

Property Details

3 full
1958

Amenities

A/C
Listing 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. 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

Monthly Cost Estimate

$14,970/mo

20% down · 6.5% · 30 years

Principal$2,024
Interest$12,129
Insurance$816

Estimates only. Actual payments may vary.

Location

4815 N 15TH Avenue

Phoenix, AZ 85015

COX ESTATES 2

Property Details

Flooring

VinylCarpetTile

Construction

Painted Block

Heating

Varies by Unit (Heating)Forced AirHeat Pump (Heating)

Cooling

Varies by UnitElectric

Appliances

Free-Standing RangeRefrigeratorWasher/DryerW/D Hookup

Questions & Answers

This 32-bedroom, 24-bathroom residential multi family at 4815 N 15TH Avenue is listed at $2,799,000. The estimated monthly payment is $14,969 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1958.

This property is listed by James C Stephens.

JS

James C Stephens

Agent at Real Living SJ Fowler Real Estate

Listed by Real Living SJ Fowler Real Estate · Broker phone: (480) 649-3536 · View on Broker Site · Broker website

MLS# 7072051· Source: Arizona Regional Multiple Listing Service, Inc.· 67 days on PropertySimple

Copyright © 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

4815 N 15TH Avenue, Phoenix, AZ 85015

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