Brian Young PLLC
DPR Realty LLC
Phone: 602-405-3949 Direct
Phone: 480-990-SOLD (7653)
8341 E Gelding Drive, Scottsdale, AZ 85260
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MLS# 7072051 – 4815 N 15th Avenue, Phoenix, AZ 85015

$2,999,000 - 32Br/Ba - for Sale in Cox Estates 2, Phoenix
Price: $2,999,000
Units: 24
Status: Active
Year Built: 1958
Neighborhood: Cox Estates 2
Days on Website: 8

Courtesy of Better Homes & Gardens Real Estate SJ Fowler

Property Description

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.

Open House

Property Details and Features

  • Property Access
  • Road Surface: Asphalt
  • Appliances & Equipment
  • Free-Standing Range
  • Refrigerator
  • Washer/Dryer
  • W/D Hookup
  • Bathrooms
  • 24 total bathrooms
  • Bedrooms
  • 32 total bedrooms
  • Building
  • Built in 1958
  • 6 buildings
  • Construction Materials: Painted, Block
  • Community
  • Barbecue
  • No Pool
  • Cooling
  • Electric
  • Individual
  • Disclosures
  • Other (See Remarks)
  • Seller Prop Disc Stm
  • Expenses
  • Operating: $76,740
  • Other Expense: $69,504
  • Floors
  • Tile
  • Carpet
  • Vinyl
  • Heating
  • Forced Air
  • Individual
  • Heat Pump
  • Income
  • Gross Income: $254,400
  • Gross ScheduledIncome: $254,400
  • Net Operating Income: $177,660
  • Listing
  • Listing ID: 7072051
  • Standard Status: Active
  • MLS Status: Active
  • 10 days on market
  • Location
  • Subdivision: COX ESTATES 2
  • County/Parish: Maricopa
  • Lot
  • Dimensions: 1.09 acres
  • Owner Pays
  • Trash Collection
  • Water
  • Sewer
  • Landscaping
  • Parking
  • 32 covered spaces
  • 8 open parking spaces
  • 40 total parking spaces
  • >1 Space Per Unit
  • Roof
  • Composition
  • Schools
  • Elementary School District: Osborn Elementary District
  • High School District: Phoenix Union High School District
  • Security Features
  • Security Light(s)
  • Sewer
  • Public Sewer
  • Taxes
  • Additional parcels description:
  • Parcel Number: 155-44-069-B
  • Public Survey Range: 3E
  • Public Survey Section: 19
  • Annual Amount: $7,236
  • Tax Book Number: 155.00
  • Legal Description: LOT 64 COX ESTATES 2 MCR 007242
  • Lot: 64
  • Parcel Letter: B
  • Year: 2025
  • Zoning: R-4
  • Utilities
  • Water Source: City Franchise
  • SRP

Property Map

$2,999,000 – 4815 N 15th Avenue, Phoenix, AZ 85015

Street View

Nearby Schools

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This content last updated on September 4, 2026 11:58PM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

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