Properties

Phoenix, AZ 85015 4811 N 15th Avenue

Pending
4811 N 15th Avenue Phoenix, AZ - Image 14811 N 15th Avenue Phoenix, AZ - Image 24811 N 15th Avenue Phoenix, AZ - Image 3
8 more
4811 N 15th Avenue Phoenix, AZ - Image 44811 N 15th Avenue Phoenix, AZ - Image 54811 N 15th Avenue Phoenix, AZ - Image 64811 N 15th Avenue Phoenix, AZ - Image 74811 N 15th Avenue Phoenix, AZ - Image 84811 N 15th Avenue Phoenix, AZ - Image 94811 N 15th Avenue Phoenix, AZ - Image 104811 N 15th Avenue Phoenix, AZ - Image 114811 N 15th Avenue Phoenix, AZ - Image 12
Presented By: Marcus & Millichap; 602-687-6700
  • MLS# 6992561
  • 03/03/2026
  • Get pre-approved
  • Request Tour
  • Request Info

Home Details

Advantageously situated directly north of Midtown's Melrose Arts District , Palm Square (''the property'') is an 18-unit community primely located in Central Phoenix. With the convenience and proximity of the Interstate 17 Freeway and State Route 51, two of The Valley's major transportation arteries, residents are provided direct access to nearly any destination across The Valley within a desirable commute time. A number of the most prominent employment and entertainment corridors in the state are just a short drive away. The Innovation Employment Corridor, which runs down Central Avenue, provides employment opportunities from some of the most prolific companies in Arizona such as Banner Health and IBM. In addition, Palm Square is just two miles from Grand Canyon University, the largest Christian university in the nation, with an on-campus enrollment of ยฑ25,000 students and online enrollment of ยฑ90,000 students. Built in 1958 Palm Square is comprised of 6 studio, 10 one-bedroom, and 2 two-bedroom floorplans. The entire community's exterior has been renovated with new paint, landscaping, roof, windows, and select mechanical (HVAC and electrical). In addition, 15 of the 18 unit's interiors have been renovated with new appliances, countertops, cabinets, flooring, fixtures, hardware, and individual washer/dryer.
Presented By: Marcus & Millichap; 602-687-6700

Interior Features for 4811 N 15th Avenue

Bathrooms

Total Baths

Other Interior Features

Air Conditioning Y/NYes
FlooringTile, Carpet, Vinyl
Heating Y/NYes

General for 4811 N 15th Avenue

Additional Parcels Y/NYes
Attached Garage No
Cap Rate5.88
Carport Y/NNo
CityPhoenix
Community FeaturesNo Pool
Construction MaterialsPainted, Block
CoolingIndividual
CountyMaricopa
DisclosuresNone
ElectricSRP
Electric Expense16258.0
Garage Y/NNo
Gross Income227859.3
HeatingIndividual
Insurance Expense6513.0
Lease Considered Y/NNo
Lease Renewal Y/NNo
MaintenanceExpense15064.0
MobileHomeRemainsYNNo
Net Operating Income141099.0
New ConstructionNo
New Financing: CashTrue
New Financing: ConventionalTrue
Number Of Units Total18
Open Parking Spaces3.0
Operating Expense90167.0
OwnerPaysTrash Collection, Water, Sewer, Landscaping
OwnershipFee Simple
OwnershipFee Simple
Property TypeMultiple Dwellings
Rent Control Y/NNo
RoofComposition, Tile
Senior CommunityN
SewerPublic Sewer
Standard StatusPending
StatusPending
Tax Annual Amount4286.0
Tax Lot64
Tax Year2025
Year Built1958
ZoningR-4

Exterior for 4811 N 15th Avenue

Covered Spaces17.0
Crops Included Y/NNo
Irrigation Water Rights Y/NNo
Lot Dimensions0.67
Number of Buildings2
Parking Features1 Space/Unit
Road Surface TypeAsphalt
SpaNo
Total Parking20.0
Water SourceCity Franchise

Additional Details

Price History

Connect Realty

Price $2,400,000
MLS#6992561
List Date 03/03/2026
Property Type Pending
Phone 888.795.6274
Get pre-approved
Request Tour
Request Info
Visit My Website

Similar Properties to 4811 N 15th Avenue

Contact Us

info@connectrealty.com
2170 Buckthorne PL. #100
The Woodlands, TX 77380
866-938-0924
  • This field is for validation purposes and should be left unchanged.