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$2,400,000
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Property Description
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 ±25,000 students and online enrollment of ±90,000 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.
Full Property Details
Full Property Details for 4811 N 15th Ave
General
- Price: $2,400,000
- HOA FEE: $15,064
- Taxes: $4,286 (2025)
- Status: Active
- Type: Multi-Family
- Source: ARMLS_Arizona_MLS_Phoenix_Area
- MLS ID: 6992561
- Updated: 5/15/2026
- Added to Site: 83 day(s) ago
Interior
- Appliances: Free-Standing Range, Refrigerator, Washer/Dryer, Washer and Dryer Hookups
- Flooring: Tile, Carpet, Vinyl
Parking
- Parking Features: 1 Space/Unit
Location
- County: Maricopa
Heating & Cooling
- Air Conditioning: Yes
- Cooling Type: Individual
- Heating Type: Individual
Utilities
- Water: City Franchise
Structural Information
- # Buildings: 2
- Exterior Const.: Painted, Block
- Roof: Composition, Tile
- Year Built: 1958
Unit Information
- Vacancy %: .1
Lot Features
- Lot Dimensions: .67
- Frontage: Asphalt
- Zoning: R-4
Financial Considerations
- Maint. Fee/Month: $15,064
- Tax Amount: $4,286
- Tax Year: 2025
- Terms: Conventional, 1031 Exchange
- Owner Pays: Trash Collection, Water, Sewer, Landscaping
Disclosures and Reports
- Multiple Parcels: Yes
- Property ID: 155-44-069-B
- Lot Number: 64
Listed by Marcus & Millichap
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Schools
Schools serving 4811 N 15th Ave
School Districts:Osborn Elementary District, Phoenix Union High School District
| Name | Grades | Distance |
|---|---|---|
Clarendon School 1225 West Clarendon Avenue, Phoenix, AZ 85013 | 4-6 | 1.2 mi |
Encanto School 1426 West Osborn Road, Phoenix, AZ 85013 | K-3 | 1.3 mi |
Osborn Middle School 1102 West Highland Avenue, Phoenix, AZ 85013 | 7-8 | 0.2 mi |
Central High School 4525 North Central Avenue, Phoenix, AZ 85012 | 9-12 | 1.1 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 4811 N 15th Ave
Date
Details
Price
Change
Source
3/03/2026
Listed
$2,400,000
—
MLS
7/27/2021
Sold
$2,400,000
—
Public Record
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
Tax History for 4811 N 15th Ave
Year
Property Taxes
Change
Tax Assessment
Change
2025
$2,184
—
$16,821
-81%
2025
$2,184
7%
$88,830
3%
2023
$2,039
1%
$86,536
32%
2022
$2,028
—
$65,420
45%
2022
$2,028
-2%
$45,240
15%
2021
$2,062
3%
$39,410
18%
2020
$2,010
5%
$33,360
14%
2019
$1,923
3%
$29,170
17%
2018
$1,859
9%
$24,870
15%
2017
$1,707
4%
$21,640
9%
2016
$1,647
8%
$19,920
12%
2015
$1,531
-5%
$17,820
18%
2014
$1,605
37%
$15,130
87%
2013
$1,168
—
$8,070
—
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 4811 N 15th Ave
4811 N 15th Avenue, Phoenix, AZ 85015 (MLS# 6992561) is a Multi-Family property with 18 units containing 0 bedrooms and 0 full bathrooms. 4811 N 15th Avenue is currently listed for $2,400,000 and was received on March 03, 2026. Want to learn more about 4811 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.

