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4811 N 15th Ave Phoenix, AZ 85015

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For Sale
$2,400,000

18-unit renovated community near Melrose Arts District.

Type:Multifamily
Added:
Apr 3, 2026
Days on Market:
21
Last Refresh:
Apr 3 at 5:41 am

Property Features for 4811 N 15th Ave

General Information

Standard status
Active
Property subtype
Multifamily

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Listing Contact
Paul Bay

Listing agent Paul Bay License #AZ: SA671037000

Listing office Phoenix Office

Listing date Apr 3, 2026

Source Marcusmillichap

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 Phoenix Office


Overview

Central Phoenix Multifamily Investment Opportunity

Located directly north of Midtown's Melrose Arts District in Central Phoenix, this 18-unit community, known as Palm Square, benefits from its proximity to the Interstate 17 Freeway and State Route 51, offering convenient access to destinations across The Valley. The property is a short drive from the Innovation Employment Corridor on Central Avenue, home to major employers like Banner Health and IBM. Additionally, Palm Square is approximately two miles from Grand Canyon University, which has a significant student population. Constructed in 1958, Palm Square features a mix of floorplans, including 6 studio, 10 one-bedroom, and 2 two-bedroom units. The community's exterior has been renovated with new paint, landscaping, roof, windows, and select mechanical upgrades (HVAC and electrical). Furthermore, 15 of the 18 unit's interiors have been renovated with new appliances, countertops, cabinets, flooring, fixtures, hardware, and individual washer/dryer.
Location Intelligence

Current Use by Public Records

Palm Square Apartments Apartment Complex

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Phoenix
County
Maricopa
State
Arizona
Longitude
-112.0909393
Latitude
33.5075787

FAQs

What type of property is this?
Apartment building - 18-unit renovated community near Melrose Arts District.
Where is this apartment building located?
The property is located at 4811 N 15th Ave Phoenix, AZ.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: Prime location in Central Phoenix, directly north of Midtown's Melrose Arts District.; Easy access to Interstate 17 Freeway and State Route 51.; Proximity to major employment corridors, including the Innovation Employment Corridor.
More about this property
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