4012 N 15TH Avenue, Phoenix AZ 85015
$1,185,000
Brokerage: Ivy Realty(623) 299-4954
1 / 22Home facts
- Price
- $1,185,000
- Status
- Active
- Beds
- 10
- Baths
- 5
- Year built
- 1959
- Type
- F
- Pool
- No
- Water
- City Franchise
- Sewer
- Sewer - Public
- Subdivision
- PARK FAIRMONT AMD
- MLS #
- 7063520
Listed by Gile Commercial Real Estate · 602-980-3171
Courtesy of ARMLS · Presented by Ivy Realty, (623) 299-4954
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.
Features
Roof
Composition
Sewer
Sewer - Public
Cooling
Electric, Individual
Heating
Individual, Electric
Electric
Individual Meter
Flooring
Vinyl
WaterSource
City Franchise
ParkingFeatures
1 Space/Unit, Carport
CommunityFeatures
No Pool
ConstructionMaterials
Painted, Block
Map
Nearby sales
Closed within about ¾ mile in the last 6 months (ARMLS).
| Address | Sold | Price | Beds/Baths | Sq ft | Listing brokerage |
|---|---|---|---|---|---|
| 838 W Indianola Avenue | Sep 30, 2026 | $515,000 | 3/2 | 1,343 | Compass |
| 4230 N 16TH Avenue | Sep 30, 2026 | $349,000 | 3/1 | 1,136 | American Realty Brokers |
| 846 W MITCHELL Drive | Sep 29, 2026 | $503,000 | 3/2 | 1,494 | HomeSmart |
| 929 W TURNEY Avenue | Sep 22, 2026 | $670,000 | 4/3 | 1,943 | My Home Group Real Estate |
| 4502 N 17th Drive | Sep 13, 2026 | $470,500 | 4/2 | 1,538 | The Brokery |
| 420 W EARLL Drive 1 | Sep 9, 2026 | $143,000 | 2/2 | 850 | eXp Realty |
Source: ARMLS IDX via Ivy Realty, updated Oct 2, 4:33 PM (Arizona time).
Listing information courtesy of the Arizona Regional Multiple Listing Service (ARMLS). Information deemed reliable but not guaranteed. Copyright ARMLS.
Use of this search or AI does not create an agency relationship. Agency begins only with a written agreement with Ivy Realty.
Ivy Realty · 20325 N 51st Ave, Bldg 5, Ste 134, Glendale, AZ 85308 · (623) 299-4954 · Designated Broker Ivy Clay, License #LC722089000
Equal Housing Opportunity
Licensees: see Ivy Realty plans (100% plan $25/mo + $395 per closed transaction, or 80/20 with $0 monthly and $0 per transaction).