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$1,185,000

  • For Sale
  • Active
  • Multi-Family
  • 10 Total Beds
  • Updated 3 days ago
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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.

Full Property Details for 4012 N 15th Ave

General

  • Price: $1,185,000
  • Taxes: $2,669 (2025)
  • Status: Active
  • Type: Multi-Family
  • Source: ARMLS_Arizona_MLS_Phoenix_Area
  • MLS ID: 7063520
  • Updated: 8/22/2026
  • Added to Site: 18 day(s) ago

Interior

  • Appliances: Built-In Range, Refrigerator, Washer/Dryer
  • Flooring: Vinyl

Rooms

Bathrooms

  • Total Bathrooms: 5

Bedrooms

  • Total Bedrooms: 10

Parking

  • Parking Features: 1 Space/Unit, Carport

Location

  • County: Maricopa
  • Township: 2N
  • Subdivision: PARK FAIRMONT AMD
  • Cross Streets: North 15th Avenue & West Indian School Road

Heating & Cooling

  • Air Conditioning: Yes
  • Cooling Type: Electric, Individual
  • Heating Type: Individual, Electric

Utilities

  • Water: City Franchise

Structural Information

  • # Buildings: 1
  • Exterior Const.: Painted, Block
  • Roof: Composition
  • Year Built: 1959

Unit Information

  • Vacancy %: .04

Lot Features

  • Lot Dimensions: 10723
  • Frontage: Asphalt
  • Zoning: R-5

Financial Considerations

  • Tax Amount: $2,669
  • Tax Year: 2025
  • Terms: Conventional
  • Owner Pays: Trash Collection, Water, Sewer

Disclosures and Reports

  • Legal Description: LOT 2 BLOCK 2 PARK FAIRMONT AMD MCR 004848
  • Property ID: 110-08-014
  • Range: 3E
  • Section: 30
  • Block: 2
  • Lot Number: 2

Listed by Gile Commercial Real Estate

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— 4012 N 15th Ave —

  • Gile Commercial Real Estate

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 4012 N 15th Ave

School Districts:Osborn Elementary District, Phoenix Union High School District
NameGradesDistance
Clarendon School
1225 West Clarendon Avenue, Phoenix, AZ 85013
4-60.4 mi
Encanto School
1426 West Osborn Road, Phoenix, AZ 85013
K-30.4 mi
Osborn Middle School
1102 West Highland Avenue, Phoenix, AZ 85013
7-81 mi
Central High School
4525 North Central Avenue, Phoenix, AZ 85012
9-121.2 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 4012 N 15th Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
8/06/2026
Listed
$1,185,000
12.86%
MLS
5/29/2024
Sold
$1,050,000
—
Public Record
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 4012 N 15th Ave

Year
Property Taxes
Change
Tax Assessment
Change
2025
$2,669
—
$20,554
-80%
2025
$2,669
7%
$103,520
-8%
2023
$2,492
3%
$112,230
28%
2022
$2,414
—
$87,430
49%
2022
$2,414
-2%
$58,780
17%
2021
$2,461
3%
$50,420
21%
2020
$2,398
5%
$41,700
17%
2019
$2,292
3%
$35,610
16%
2018
$2,215
9%
$30,800
24%
2017
$2,030
4%
$24,760
15%
2016
$1,957
8%
$21,520
12%
2015
$1,820
-5%
$19,260
3%
2014
$1,924
39%
$18,730
92%
2013
$1,383
—
$9,780
—
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.

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NMLS#: 1598647

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Listed by Gile Commercial Real Estate

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4012 N 15th Avenue, Phoenix, AZ 85015 (MLS# 7063520) is a Multi-Family property with 5 units containing 10 bedrooms and 0 full bathrooms. 4012 N 15th Avenue is currently listed for $1,185,000 and was received on August 06, 2026. Want to learn more about 4012 N 15th Avenue? 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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