Date
Details
Price
Change
Source
5/12/2025
Listed
$2,200,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
No photo available
$2,200,000
Property Description
Fully renovated, turn-key 12-unit multifamily asset located in the heart of vibrant Central Phoenix. This rare investment opportunity offers immediate cash flow and long-term upside in one of the city's most dynamic and accessible submarkets. Lamego Palms features spacious, thoughtfully updated two-bedroom, one-bathroom residences averaging approximately 900 square feet. Each unit offers modern finishes, upgraded kitchens and bathrooms, and an in-unit washer and dryer--premium amenities that enhance the resident experience and support strong tenant retention. The property also includes a detached bonus flex space equipped with plumbing and electrical, offering additional functionality and potential for an office, storage, or other ancillary use.
Full Property Details
Full Property Details for 1942 W Berridge Ln
General
- Price: $2,200,000
- Taxes: $5,349 (2024)
- Status: Active
- Type: Multi-Family
- Source: ARMLS_Arizona_MLS_Phoenix_Area
- MLS ID: 6865139
- Updated: 9/21/2026
- Added to Site: 515 day(s) ago
Interior
- Appliances: Disposal, Dishwasher, Free-Standing Electric Oven, Washer/Dryer
- Flooring: Ceramic Tile, Vinyl, Concrete
Rooms
Bathrooms
- Total Bathrooms: 72
Bedrooms
- Total Bedrooms: 24
Exterior
- Exterior Features: Sidewalk(s)
Parking
- Parking Features: >1 Space Per Unit
Location
- County: Maricopa
- Township: 2N
- Subdivision: PARK MARYLAND AMD
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air
- Heating Type: Electric
Utilities
- Water: City Franchise
Structural Information
- # Buildings: 2
- Exterior Const.: Painted, Block, Brick
- Roof: Built-Up
- Year Built: 1963
Lot Features
- Lot Dimensions: 143.08 x 129.27 x 143.08 x 129.27
- Frontage: Asphalt
- Zoning: R-4
Financial Considerations
- Tax Amount: $5,349
- Tax Year: 2024
- Terms: Other (See Remarks)
- Owner Pays: Trash Collection, Water, Landscaping
Disclosures and Reports
- Legal Description: LOT 8 PARK MARYLAND AMD MCR 007625
- Property ID: 156-13-084-A
- Range: 2E
- Section: 12
- Lot Number: 8
Listed by ABI Multifamily
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Listing agents
— 1942 W Berridge Ln —
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Schools
Schools serving 1942 W Berridge Ln
School Districts:Glendale Union High School District, Washington Elementary District
| Name | Grades | Distance |
|---|---|---|
Maryland Elementary School 6503 North 21st Avenue, Phoenix, AZ 85015 | PK-8 | 0.4 mi |
Washington High School 2217 West Glendale Avenue, Phoenix, AZ 85021 | 9-12 | 0.8 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1942 W Berridge Ln
Tax History
Tax History for 1942 W Berridge Ln
Year
Property Taxes
Change
Tax Assessment
Change
2025
$5,558
4%
$111,680
-18%
2024
$5,349
2%
$136,280
-38%
2023
$5,252
3%
$220,750
54%
2022
$5,080
—
$143,060
-1%
2022
$5,080
-1%
$144,430
52%
2021
$5,146
3%
$95,080
17%
2020
$5,017
2%
$80,970
11%
2019
$4,926
3%
$72,730
53%
2018
$4,797
1%
$47,450
28%
2017
$4,772
2%
$36,960
-4%
2016
$4,686
8%
$38,490
39%
2015
$4,339
7%
$27,770
9%
2014
$4,066
7%
$25,570
10%
2013
$3,807
—
$23,310
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1942 W Berridge Ln
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1942 W Berridge Lane, Phoenix, AZ 85015 (MLS# 6865139) is a Multi-Family property with 12 units containing 24 bedrooms and 0 full bathrooms. 1942 W Berridge Lane is currently listed for $2,200,000 and was received on May 12, 2025. Want to learn more about 1942 W Berridge Lane? Do you have questions about finding other Multi-Family real estate for sale in Alhambra? You can browse all Alhambra real estate or contact a Coldwell Banker agent to request more information.