$2,999,000

Estimated payment $17,230/month

Total Views 819
32 Beds
24 Baths
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Patio
  • Community Barbecue Grill
  • Desert Landscape
  • Phoenix Coding Academy Rated A
  • Outdoor Storage
  • Forced Air Heating System

About This Home

Palm Square 24 is located at 15th and Camelback, in the heart of Phoenix, just a 1 mile+ to Uptown Plaza & the Melrose District. Addresses include 4819, 4815, & 4811. Under $125,000/door & less than $200/sq ft. Unit mix consists of (8) very large 2 bed units; (10) 1 bed units; & (6) large studio units (15,000 total sq ft). The complex underperformed in 2025 with a low NOI. However, Palm Square 24 is now 100% occupied with $21,200 gross rents in place for August 2026. Forward pro forma close to a 6 CAP. The complex went through many significant renovations over the last 5 years. Many units include in-suite washer/dryer sets & upgraded electrical systems. Lots of storage-additional density potential. Ample parking with carports. Ability to control 1.09 acres in an OZ in Uptown PHX.

Listing Agent

James Stephens

Better Homes & Gardens Real Estate SJ Fowler License #BR650365000 Listed on: 08/25/2026

Better Homes & Gardens Real Estate SJ Fowler

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,236

Year Built

  • Built in 1958

Lot Details

  • Partially Fenced Property
  • Desert Landscape
  • Additional Parcels

Home Design

  • Composition Roof
  • Block Exterior

Bedrooms and Bathrooms

  • 32 Bedrooms

Home Security

  • Security Lights
  • Fire and Smoke Detector

Parking

  • 8 Open Parking Spaces
  • 40 Parking Spaces
  • 32 Covered Spaces

Outdoor Features

  • Patio
  • Outdoor Storage

Utilities

  • Cooling Available
  • Forced Air Heating System
  • Heat Pump System
  • Natural Gas Not Available
  • Cable TV Available

Listing and Financial Details

  • The owner pays for water, sewer, trash collection, landscaping
  • Tax Lot 64
  • Assessor Parcel Number 155-44-069-B

Community Details

Overview

  • 6 Buildings
  • 24 Units
  • Building Dimensions are 1.09 acres
  • Cox Estates 2 Subdivision

Amenities

  • Community Barbecue Grill

Building Details

  • Operating Expense $76,740
  • Gross Income $254,400
  • Net Operating Income $177,660

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,236

Year Built

Built in 1958

Lot Details

0 Sq Ft Lot

Listing Details

  • Cross Street: 15th Ave and Camelback
  • Property Type: Multiple Dwellings
  • Zoning: R-4
  • Number Of Buildings: 6
  • Ownership: Fee Simple
  • Year Built: 1958
  • Tax Year: 2025
  • Road Surface Type: Asphalt
  • Subdivision Name: COX ESTATES 2
  • Tax Parcel Letter: B
  • Const - Finish:Const - Finish: Painted, Other (See Remarks)
  • Cooling:Cooling: Electric, Individual
  • Road Surface Type:Road Surface Type: Asphalt
  • Electric:Electric: SRP
  • Sale Includes:Sale Includes: Land & Building, Other (See Remarks)
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Free-Standing Range, Refrigerator, Washer/Dryer, W/D Hookup, See Remarks
  • Total Bedrooms: 32
  • Interior Features:Interior Features: Fire/Smoke Alarm(s), Other (See Remarks)

Exterior Features

  • Disclosures: Other (See Remarks), Seller Prop Disc Stm
  • Construction Type: Block, Painted
  • Roof: Composition
  • Exterior Amenities: Green Landscaping, Desert Landscaping, Partially Fenced, Cable TV Available, Patio/Balcony, Separate Storage, Security Light(s), Other (See Remarks)

Garage/Parking

  • Total Covered Spaces: 32.0
  • Parking Features: >1 Space Per Unit
  • Attached Garage: No
  • Open Parking Spaces: 8.0
  • Total Parking Spaces: 40.0
  • Parking Features:Parking Features: >1 Space Per Unit

Utilities

  • Electric: SRP
  • Cooling: Electric, Varies by Unit
  • Heating: Heat Pump, Varies by Unit, Forced Air
  • Security: Security Light(s)
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Gas:Gas: None

Condo/Co-op/Association

  • Community Features: No Pool, Other, Barbecue, See Remarks

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: 1.09 acres
  • Additional Parcels: Yes
  • Parcel #: 155-44-069-B

Multi Family

  • Owner Pays: Water, Sewer, Trash Collection, Landscaping, Other
  • Tenant Pays: Electricity, See Remarks
  • Number Of Units Total: 24
  • Annual Gross Income: 254400.0
  • Property Net Operating Income: 177660.0
  • Annual Operating Expense: 76740.0

Tax Info

  • Tax Annual Amount: 7236.0
  • Tax Book Number: 155.0
  • Tax Lot: 64

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $2,114 $16,282
2024 $1,974 $15,507
2023 $1,974 $63,310 $13,240 $50,070
2022 $1,963 $43,790 $9,160 $34,630
2021 $1,996 $38,140 $7,980 $30,160
2020 $1,946 $32,290 $6,750 $25,540
2019 $1,861 $28,230 $5,900 $22,330
2018 $1,800 $24,070 $5,030 $19,040
2017 $1,652 $20,940 $4,380 $16,560
2016 $1,594 $19,290 $4,030 $15,260
2015 $1,482 $17,250 $3,610 $13,640
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
08/25/2026 08/25/26 For Sale $2,999,000 -- --
Source: Arizona Regional Multiple Listing Service (ARMLS)

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Type Sale Price Title Company
Special Warranty Deed $2,400,000 Chicago Title
Warranty Deed $437,500 Great Amer Title Agency Inc
Special Warranty Deed $695,000 Chicago Title Insurance Co
Warranty Deed $475,000 Security Title Agency
Warranty Deed $335,000 Chicago Title Insurance Co
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Loan Amount Loan Type
Open $1,702,000 New Conventional
Closed $1,820,000 Construction
Previous Owner $500,000 Commercial
Source: Public Records

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 7072051

Arizona Regional Multiple Listing Service (ARMLS)

APN: 155-44-069B

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