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Courtesy of Better Homes & Gardens Real Estate SJ Fowler, James C Stephens Listing Contact: 602-672-3526 
32 Beds
24 Baths

$2,799,000

4815 N 15TH Avenue, Phoenix AZ, 85015

Built in1958
Property typeMulti-family

Overview

Active

Listed Aug 25, 2026

Updated 7 days ago

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

$18,622/mo

Est. mortgage payment based on a $2,799,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
7072051

Interior Features

Bedrooms
32
Bathrooms
24
Cooling
Yes
Heating
Yes
Basement
No

Other Property Details

Taxes
$7,236
Tax Frequency
Annually

Courtesy of Better Homes & Gardens Real Estate SJ Fowler, James C Stephens

Listing Contact: 602-672-3526 

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Data Last Updated: 3:46 AM UTC, 9/30/2026.

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