For sale

Price cut: $100K (10/19)

$2,100,000

1942 W BERRIDGE Lane, Phoenix, AZ 85015

24beds

11baths

10,800sqft

$12,367/mo

Get pre-qualified

Multi Family

Built in 1963

-- sqft lot

$-- Zestimate^®

$194/sqft

$-- HOA

What's special

Fully renovated, turn-key 12-unit multifamily asset located in the heart of vibrant Central Phoenix. This rare investment opportunity offers immediate cash flow and long-term upside in one of the city's most dynamic and accessible submarkets. Lamego Palms features spacious, thoughtfully updated two-bedroom, one-bathroom residences averaging approximately 900 square feet. Each unit offers modern finishes, upgraded kitchens and bathrooms, and an in-unit washer and dryer--premium amenities that enhance the resident experience and support strong tenant retention. The property also includes a detached bonus flex space equipped with plumbing and electrical, offering additional functionality and potential for an office, storage, or other ancillary use.

328 days
128
9

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 24
Bathrooms: 11

Heating

Electric

Cooling

Central Air

Appliances

Included: Disposal, Dishwasher, Free-Standing Electric Oven, Washer/Dryer

Features

Flooring: Ceramic Tile, Vinyl, Concrete

Interior area

Total structure area: 10,800
Total interior livable area: 10,800 sqft

Property

Parking

Total spaces: 28
Parking features: >1 Space Per Unit
Covered spaces: 12
Uncovered spaces: 16

Features

Exterior features: Sidewalk(s)

Lot

Size: 0.42 Acres
Dimensions: 143.08 x 129.27 x 143.08 x 129.27

Details

Parcel number: 15613084A
Zoning: R-4

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Painted, Block, Brick
Roof: Built-Up

Condition

Year built: 1963

Utilities & green energy

Electric: Other (See Remarks)
Sewer: Public Sewer
Water: City Franchise

Community & HOA

Community

Features: Other
Subdivision: PARK MARYLAND AMD

Location

Region: Phoenix

Financial & listing details

Price per square foot: $194/sqft
Annual tax amount: $5,349
Date on market: 12/10/2025
Cumulative days on market: 328 days
Listing terms: Other (See Remarks)
Ownership: Fee Simple
Electric utility on property: Yes
Road surface type: Asphalt

Estimated market value

Not available

Estimated sales range

Not available

Price history

Date	Event	Price
10/19/2026	Price change	$2,100,000-4.5%$194/sqft
Source: ARMLS #6865139 Report a problem
9/21/2026	Listed for sale	$2,200,000-11.5%$204/sqft
Source: ARMLS #6865139 Report a problem
2/20/2026	Listing removed	$2,485,000$230/sqft
Source: ARMLS #6865139 Report a problem
10/13/2025	Price change	$2,485,000-1.8%$230/sqft
Source: ARMLS #6865139 Report a problem
7/15/2025	Price change	$2,530,000-0.8%$234/sqft
Source: ARMLS #6865139 Report a problem
5/12/2025	Listed for sale	$2,550,000+59.4%$236/sqft
Source: ARMLS #6865139 Report a problem
8/27/2020	Listing removed	$995
Source: Zillow Rental Manager Report a problem
7/17/2020	Listed for rent	$995
Source: Zillow Rental Manager Report a problem
8/30/2019	Sold	$1,600,000+193%$148/sqft
Source: ARMLS #5877450 Report a problem
8/29/2003	Sold	$546,000$51/sqft
Source: ARMLS #1975379 Report a problem