MLS# 6972367 – 4028 S 15th Street, Phoenix, AZ 85040

Price: $1,235,000
Units: 9
Property Type: Multiple Dwellings
Status: Active
Year Built: 1961
Neighborhood: Norman Acres
Days on Website: 100

Courtesy of Valley Views RE

Property Description

Turnkey investment opportunity with ALL 9 units ALREADY OCCUPIED! featuring a fully remodeled multi-building INCOME property with modern finishes throughout. Gated entry with remote access, plus ample parking with both covered and uncovered spaces. Well-maintained and ready for continued cash flow. Building One includes three apartments: one 2 bed/2 bath and two 1 bed/1 bath units, all with kitchens and W/D hookups. Buildings Two and Three offer four identical 1 bed/1 bath units with living rooms, kitchens, W/D hookups, and private back patioS! The property also includes two newer mobile homes with primary bedrooms, en-suite baths, and W/D hookups.

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Property Details and Features

  • Appliances & Equipment
  • “Washer/Dryer”
  • “Refrigerator”
  • “Built-In Electric Oven”
  • “Microwave”
  • “W/D Hookup”
  • Building
  • Built in 1961
  • Construction materials: “Wood Frame”, “Painted”, “Stucco”, “Block”
  • 9 total units
  • Cooling
  • “Central Air”
  • “Individual”
  • Expenses
  • Electric: $14,830
  • Insurance: $4,980
  • Water sewer: $8,076
  • Floors
  • “Ceramic Tile”
  • Heating
  • “Electric”
  • Listing
  • Listing ID: 6972367
  • Standard status: Active
  • 98 days on market
  • Location
  • Subdivision name: NORMAN ACRES
  • Parking
  • “Free”
  • “Assigned”
  • “>1 Space Per Unit”
  • “Carport”
  • 14 total parkings
  • Property
  • Zoning: R-4
  • Roof
  • “Composition”
  • Schools
  • High school: South Mountain High School
  • High school district: Phoenix Union High School District
  • Security Features
  • “Security Light(s)”
  • Sewer
  • “Public Sewer”
  • Taxes
  • Annual amount: $686
  • Lot: 1
  • Utilities
  • “SRP”

Property Map

$1,235,000 – 4028 S 15th Street, Phoenix, AZ 85040

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This content last updated on May 2, 2026 3:25PM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.