4815 N 15th Avenue, Phoenix, AZ 85015
- $2,999,000
- 32
- BD
- 24
- BA
- List Price
- $2,999,000
- Days on Market
- 2
- Status
- ACTIVE
- MLS#
- 7072051
- City
- Phoenix
- Bedrooms
- 32
- Bathrooms
- 24
- Subdivision
- Cox Estates 2
- Year Built
- 1958
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.
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Additional Information
- Community Features
- No Pool, Other, Barbecue, See Remarks
- Construction
- Block, Painted
- Cooling
- Electric, Varies by Unit
- Electric
- SRP
- Heating
- Heat Pump, Varies by Unit, Forced Air
- New Financing
- Conventional, Cash
- Parking Features
- >1 Space Per Unit
- Roofing
- Composition
- Subdivision
- Cox Estates 2
- Taxes
- $7,236
- Tax Year
- 2025
- Tenant Pays
- Electricity, See Remarks
- Units
- 24
- Water
- City Franchise
- Zoning
- R-4
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Listing courtesy of Better Homes & Gardens Real Estate SJ Fowler.
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved.