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For sale
    • $1,185,000

    4012 N 15TH Avenue, Phoenix, AZ 85015

    10beds
    5baths
    4,000sqft
    : 
    $6,824/mo
    Get pre-qualified
    Multi Family
    Built in 1959
    -- sqft lot
    $-- Zestimate®
    $296/sqft
    $-- HOA

    What's special

    Updated kitchensUpdated interiorsStainless steel appliances
    Excellent Central Phoenix investment opportunity! This 5-unit multifamily property features five 2-bedroom, 1-bath units with updated interiors and strong rental upside. Current scheduled rents total approximately $6,550/month, with projected market rents of approximately $7,500/month. Offered at $1,185,000, the property has an estimated 5.20% current cap rate with potential for approximately a 6.10% stabilized cap rate. Units feature updated kitchens, cabinetry, flooring and stainless steel appliances. Conveniently located near Downtown Phoenix, employment centers, shopping, dining, healthcare and major transportation corridors. Great opportunity for investors seeking existing cash flow with value-add potential. Buyer to verify all facts and figures.
    17 days
    |
    144
    |
    10
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Luis Espinoza 602-373-9729,

    Gile Commercial Real Estate

    Source: ARMLS,MLS#: 7063520MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 10
      • Bathrooms: 5
      Heating
      • Individual, Electric
      Cooling
      • Electric, Individual
      Appliances
      • Included: Built-In Range, Refrigerator, Washer/Dryer
      Features
      • Flooring: Vinyl
      Interior area
      • Total structure area: 4,000
      • Total interior livable area: 4,000 sqft

      Property

      Parking
      • Total spaces: 5
      • Parking features: 1 Space/Unit, Carport
      • Has carport: Yes
      • Covered spaces: 5
      Lot
      • Size: 10,723 Square Feet
      • Dimensions: 10723
      Details
      • Parcel number: 11008014
      • Zoning: R-5

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Multi Family
      Materials
      • Painted, Block
      • Roof: Composition
      Condition
      • Year built: 1959

      Utilities & green energy

      • Electric: Individual Meter
      • Sewer: Public Sewer
      • Water: City Franchise

      Community & HOA

      Community
      • Features: No Pool
      • Subdivision: PARK FAIRMONT AMD
      Location
      • Region: Phoenix

      Financial & listing details

      • Price per square foot: $296/sqft
      • Annual tax amount: $2,669
      • Date on market: 8/7/2026
      • Cumulative days on market: 17 days
      • Listing terms: Conventional
      • Ownership: Fee Simple
      • Electric utility on property: Yes
      • Road surface type: Asphalt

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        8/6/2026Listed for sale$1,185,000+12.9%$296/sqft
        Source: ARMLS #7063520 Report a problem
        5/16/2024Sold$1,050,000-8.6%$263/sqft
        Source: ARMLS #6584113 Report a problem
        1/16/2024Price change$1,149,000-0.1%$287/sqft
        Source: ARMLS #6584113 Report a problem
        1/2/2024Price change$1,149,9990%$287/sqft
        Source: ARMLS #6584113 Report a problem
        12/6/2023Price change$1,150,000-3.4%$288/sqft
        Source: ARMLS #6584113 Report a problem
        11/27/2023Price change$1,190,000-0.4%$298/sqft
        Source: ARMLS #6584113 Report a problem
        11/13/2023Price change$1,195,000-3.6%$299/sqft
        Source: ARMLS #6584113 Report a problem
        11/6/2023Price change$1,240,000-0.8%$310/sqft
        Source: ARMLS #6584113 Report a problem
        10/17/2023Price change$1,250,000-3.4%$313/sqft
        Source: ARMLS #6584113 Report a problem
        8/28/2023Price change$1,294,000-0.1%$324/sqft
        Source: ARMLS #6584113 Report a problem
        8/15/2023Price change$1,295,000-7.2%$324/sqft
        Source: ARMLS #6584113 Report a problem
        7/25/2023Listed for sale$1,395,000+33.5%$349/sqft
        Source: ARMLS #6584113 Report a problem
        6/27/2023Listing removed--
        Source: Zillow Rentals Report a problem
        6/15/2023Price change$1,750+6.1%
        Source: Zillow Rentals Report a problem
        4/8/2023Price change$1,650-8.3%
        Source: Zillow Rentals Report a problem
        3/28/2023Price change$1,799-5.1%
        Source: Zillow Rentals Report a problem
        2/15/2023Listed for rent$1,895+99.5%
        Source: Zillow Rentals Report a problem
        7/1/2022Listing removed$1,045,000$261/sqft
        Source: ARMLS #6406375 Report a problem
        6/17/2022Price change$1,045,000-4.6%$261/sqft
        Source: ARMLS #6406375 Report a problem
        6/3/2022Price change$1,095,000-6.4%$274/sqft
        Source: ARMLS #6406375 Report a problem
        5/26/2022Listed for sale$1,170,000+457.1%$293/sqft
        Source: ARMLS #6406375 Report a problem
        10/21/2020Listing removed$950
        Source: avant garde residential management Report a problem
        10/15/2020Listed for rent$950+5.6%
        Source: avant garde residential management Report a problem
        5/1/2020Listing removed$900
        Source: avant garde residential management Report a problem
        4/21/2020Listed for rent$900
        Source: avant garde residential management Report a problem
        9/21/2001Sold$210,000$53/sqft
        Source: ARMLS #1677685 Report a problem

        Public tax history

        Tax history is unavailable.

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        See how much you could borrow to make a competitive offer.
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        Climate risks

        Neighborhood: Encanto

        Getting around

        73 / 100
        Very Walkable
        45 / 100
        Some Transit
        82 / 100
        Very Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • District: Osborn Elementary District

        Source: ARMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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