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4012 N 15th Avenue, Phoenix, AZ 85015

Phoenix
Local realty services provided by:CENTURY 21 Arizona West
4012 N 15th Avenue,Phoenix, AZ 85015
$1,185,000
  • 10 Beds
  • 5 Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: luis espinoza
Office: gile commercial real estate
MLS#:7063520
Source:ARMLS

Price summary

  • Price:$1,185,000

About this home

Excellent Central Phoenix investment opportunity! This 5-unit multifamily property features five 2-bedroom, 1-bath units with updated interiors and strong rental upside. Current scheduled rents total approximately $6,550/month, with projected market rents of approximately $7,500/month. Offered at $1,185,000, the property has an estimated 5.20% current cap rate with potential for approximately a 6.10% stabilized cap rate. Units feature updated kitchens, cabinetry, flooring and stainless steel appliances. Conveniently located near Downtown Phoenix, employment centers, shopping, dining, healthcare and major transportation corridors. Great opportunity for investors seeking existing cash flow with value-add potential. Buyer to verify all facts and figures.

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Home facts

  • Year built:1959
  • Subdivision & Development:PARK FAIRMONT AMD
  • Listing ID #:7063520
  • Updated:October 04, 2026 at 03:48 PM

Rooms and interior

  • Bedrooms:10
  • Total bathrooms:5
  • Flooring:Vinyl

Heating and cooling

  • Cooling:Electric
  • Heating:Electric

Structure and exterior

  • Year built:1959
  • Construction Materials:Block, Painted

Utilities

  • Water:City Franchise

Finances and disclosures

  • Price:$1,185,000
  • Tax amount:$2,669 (2025)

Parking

  • Total parking spaces:5
  • Parking description:1 Parking Space/Unit, Carport
MLS LogoAll information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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