For sale

$2,999,000

4815 N 15TH Avenue, Phoenix, AZ 85015

3beds

3baths

15,002sqft

$18,572/mo

Get pre-qualified

Multi Family

Built in 1958

-- sqft lot

$-- Zestimate^®

$200/sqft

$-- HOA

What's special

Ample parking with carportsLarge studio unitsUpgraded electrical systemsLots of storage

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.

14 days
65
6

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 3
Bathrooms: 3

Heating

Forced Air, Individual, Heat Pump

Cooling

Electric, Individual

Appliances

Included: Free-Standing Range, Refrigerator, See Remarks, Washer/Dryer
Laundry: W/D Hookup

Features

Flooring: Tile, Carpet, Vinyl

Interior area

Total structure area: 15,002
Total interior livable area: 15,002 sqft

Property

Parking

Total spaces: 40
Parking features: >1 Space Per Unit
Covered spaces: 32
Uncovered spaces: 8

Lot

Size: 1.09 Acres
Dimensions: 1.09 acres

Details

Parcel number: 15544069B
Zoning: R-4

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Painted, Block
Roof: Composition

Condition

Year built: 1958

Utilities & green energy

Electric: SRP
Sewer: Public Sewer
Water: City Franchise

Community & HOA

Community

Features: Other, See Remarks, Barbecue, No Pool
Security: Security Lights
Subdivision: COX ESTATES 2

Location

Region: Phoenix

Financial & listing details

Price per square foot: $200/sqft
Tax assessed value: $789,600
Annual tax amount: $7,236
Date on market: 8/25/2026
Cumulative days on market: 12 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

Price history

Date	Event	Price
8/27/2026	Listed for sale	$2,999,000+795.2%$200/sqft
Source: ARMLS #7072051 Report a problem
3/1/1996	Sold	$335,000$22/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$2,114 +3.5%	$78,960 -5.7%
2024	$2,043 +3.5%	$83,755 +467.1%
2023	$1,974 +0.6%	$14,769 -66.3%
2022	$1,963 +0.9%	$43,790 +14.8%
2021	$1,946 +4.5%	$38,140 +18.1%
2020	$1,861 +3.4%	$32,290 +14.4%
2019	$1,800	$28,230 +17.3%
2018	$1,800 +8.9%	$24,070 +14.9%
2017	$1,652 +11.5%	$20,940 +8.6%
2016	$1,482 -4.6%	$19,290 +11.8%
2015	$1,554	$17,250 +120.9%
2013	--	$7,810 +9.4%
2012	--	$7,140 -29.2%
2011	--	$10,090 -35.5%
2010	--	$15,650 -40.9%
2009	--	$26,490 -23.9%
2008	--	$34,820 +17.6%
2007	--	$29,600 +129.9%
2003	--	$12,876 +11%
2002	--	$11,600