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$2,485,000

  • For Sale
  • Active
  • Multi-Family
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a fully renovated, turn-key 12-unit multifamily asset located in the heart of vibrant Central Phoenix. This rare investment opportunity delivers immediate cash flow and substantial long-term upside in one of the city's most dynamic and accessible submarkets. Lamego Palms features spacious, thoughtfully updated 2-bedroom, 1-bathroom units, each spanning approximately 900 square feet. Every residence is outfitted with modern finishes, upgraded kitchens and bathrooms, and in-unit washer and dryers-premium amenities that elevate tenant satisfaction and support strong retention. Residents enjoy the comfort of large, open floor plans, private in-home laundry, and contemporary interiors that feel like home from day one.

Full Property Details for 1942 W Berridge Ln

General

  • Price: $2,485,000
  • Taxes: $5,349 (2024)
  • Status: Active
  • Type: Multi-Family
  • Source: ARMLS_Arizona_MLS_Phoenix_Area
  • MLS ID: 6865139
  • Updated: 12/4/2025
  • Added to Site: 249 day(s) ago

Interior

  • Appliances: Disposal, Dishwasher, Free-Standing Electric Oven, Washer/Dryer
  • Flooring: Ceramic Tile, Vinyl, Concrete

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
  • 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 —

  • ABI Multifamily

  • ABI Multifamily

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 1942 W Berridge Ln

School Districts:Glendale Union High School District, Washington Elementary District
NameGradesDistance
Maryland Elementary School
6503 North 21st Avenue, Phoenix, AZ 85015
PK-80.4 mi
Washington High School
2217 West Glendale Avenue, Phoenix, AZ 85021
9-120.8 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1942 W Berridge Ln Get Price Alerts and Save Property

Date
Details
Price
Change
Source
10/13/2025
Price Reduced
$2,485,000
-1.78%
MLS
7/15/2025
Price Reduced
$2,530,000
-0.78%
MLS
5/12/2025
Listed
$2,550,000
—
MLS
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Listed by ABI Multifamily

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1942 W Berridge Lane, Phoenix, AZ 85015 (MLS# 6865139) is a Multi-Family property with 12 units containing 0 bedrooms and 0 full bathrooms. 1942 W Berridge Lane is currently listed for $2,485,000 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 Phoenix? You can browse all Phoenix real estate or contact a Coldwell Banker agent to request more information.

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