About 4815 N 15th Avenue
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.
Features of 4815 N 15th Avenue
| MLS® # | 7072051 |
|---|---|
| Price | $2,999,000 |
| Bedrooms | 32 |
| Bathrooms | 24.00 |
| Year Built | 1958 |
| Type | Multiple Dwellings |
| Status | Active |
Community Information
| Address | 4815 N 15th Avenue |
|---|---|
| Subdivision | COX ESTATES 2 |
| City | Phoenix |
| County | Maricopa |
| State | AZ |
| Zip Code | 85015 |
Amenities
| Amenities / Community Features | Other, See Remarks, Barbecue, No Pool |
|---|---|
| Parking Spaces | 40 |
| Parking | >1 Space Per Unit |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Appliances | Free-Standing Range, Refrigerator, See Remarks, Washer/Dryer, W/D Hookup |
|---|---|
| Heating | Forced Air, Individual, Heat Pump |
| Cooling | Electric, Individual |
| Fireplace | No |
Exterior
| Roof | Composition |
|---|---|
| Construction | Painted, Block |
School Information
| District | Phoenix Union High School District |
|---|
Additional Information
| Zoning | R-4 |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Better Homes & Gardens Real Estate SJ Fowler |
|---|