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Updated 5-Unit Apartment Building
New
For Sale
$1,185,000

4012 N 15TH Avenue, Phoenix, AZ 85015

Updated interiors, covered parking, private outdoor areas, and low-maintenance landscaping serve a practical multifamily layout.

Property SizeContact for details
Days on Market5

Property Features for 4012 N 15TH Avenue

General Information

Standard status Active
Property subtype Multi Family

Units

Unit Mix 5 x 2BR/1BA
Multifamily Units 5

Additional Details

Public Transit Yes

Taxes and HOA fees

Annual Taxes $2,669

Amenities

covered parking
private outdoor areas
low-maintenance landscaping

Building Details

Year Built 1959
Listing Agency: Gile Commercial Real Estate
Listed By: Luis Espinoza · License #SA663217000
Source: Exitrealty
Added: Aug 7 Changed: Aug 11 Last Checked: Aug 11 at 6:03AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Gile Commercial Real Estate

Investment Insights

Based on property information with market context.

This 5-unit apartment property, built in 1959, offers a consistent unit mix of two-bedroom, one-bath residences with approximately 800 SF per unit. Interior updates include refreshed flooring, kitchens, bathrooms, and appliances, creating a cohesive modernized finish throughout the property. Covered parking, individual outdoor areas, and low-maintenance landscaping add functional site amenities.

The property is located at 4012 N 15TH Avenue in Phoenix, near 15th Ave & Indian School Rd. Its setting provides access to Downtown Phoenix, shopping, dining, employment centers, public transportation, and major freeways. The combination of updated interiors, defined outdoor areas, and a five-unit configuration supports continued multifamily use in an established infill setting.

Key Highlights

  • Five‑unit apartment property with two‑bedroom, one‑bath units
  • Approximately 800 SF per unit
  • Updated flooring, kitchens, bathrooms, and appliances

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Kitchen & Bath Showroom HVAC Service Electrical Service Building Supply Carpet & Flooring Store Veterinary Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

5
Residential units

Location Intelligence

Trade Area within ½ mile

1,160
Businesses Nearby

Demographics for 85015, AZ

41,436
Population
17,889
Households
2.3
Avg Household Size
33
Median Age
25%
College-Educated
78%
High-School Grad
4.9 sq mi
ZIP Area
8,456
Density / Sq Mi
$52,585
Median Household Income
$36,456
Median Earnings
$1,227
Median Rent
$312,600
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Updated interiors, covered parking, private outdoor areas, and low-maintenance landscaping serve a practical multifamily layout.
Where is this apartment building located?
The property is located at 4012 N 15TH Avenue Phoenix, AZ.
What is the asking price?
The asking price for this property is $1,185,000.
What are key features of this property?
This property features: Five‑unit apartment property with two‑bedroom, one‑bath units; Approximately 800 SF per unit; Updated flooring, kitchens, bathrooms, and appliances
More about this property
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