1942 W BERRIDGE Lane, Phoenix, AZ 85015, Phoenix AZ 85015
Fully renovated, turn-key 12-unit multifamily asset located in the heart of vibrant Central Phoenix. This rare investment opportunity offers immediate cash flow and long-term upside in one of the city's most dynamic and accessible submarkets. Lamego Palms features spacious, thoughtfully updated two-bedroom, one-bathroom residences averaging approximately 900 square feet. Each unit offers modern finishes, upgraded kitchens and bathrooms, and an in-unit washer and dryer--premium amenities that enhance the resident experience and support strong tenant retention. The property also includes a
CloseDaily local analysis
Facts and context beyond the MLS description
The sections below combine this listing's current facts with locally retained inventory, sale, and location data. They are generated from the same MLS replica that powers the page, without an external data request during your visit.
Current market context
How this property compares in Phoenix
This property is grouped with the current five-or-more-bedroom homes in Phoenix. Its asking price falls near the 83rd percentile of that active group. The comparison uses 698 active or publicly marketable listings from the same local MLS source, filtered to the same bedroom group rather than mixing every home size together.
The property has been tracked for 0 days, while the current cohort averages 0 days on market. These figures are a point-in-time inventory comparison, not an appraisal or prediction; condition, lot, updates, exact location, and concessions can move an individual sale away from the city-level pattern.
Nearby closed sales
Recent sold homes near this property
The local sold-history cache contains 8 closed sales within approximately 1.25 miles during the last six months. The median recorded sold price in this nearby sample is $401,250, and the median is $221 per square foot where square footage was reported.
Nearby sales are useful context, but they are not automatically comparable: renovation level, acreage, water access, construction quality, financing, and seller concessions can materially change a result. A property-specific valuation should review the most similar homes and the full MLS record before drawing a conclusion.
| Address | Sold | Home | Sold price | Distance |
|---|---|---|---|---|
| 2048 W CLAREMONT Street, Phoenix, AZ 85015 | Apr 14, 2026 | 3 bd · 1,366 sqft | $372,000 | 0.1 mi |
| 6207 N 21ST Drive, Phoenix, AZ 85015 | Apr 29, 2026 | 2 bd · 1,251 sqft | $300,000 | 0.2 mi |
| 2116 W KEIM Drive, Phoenix, AZ 85015 | Apr 13, 2026 | 4 bd · 2,807 sqft | $530,000 | 0.2 mi |
| 6215 N 21ST Drive, Phoenix, AZ 85015 | May 8, 2026 | 3 bd · 1,797 sqft | $342,000 | 0.2 mi |
| 6221 N 21ST Drive, Phoenix, AZ 85015 | Aug 5, 2026 | 3 bd · 1,894 sqft | $407,500 | 0.2 mi |
| 6214 N 21ST Drive, Phoenix, AZ 85015 | Apr 28, 2026 | 3 bd · 1,894 sqft | $395,000 | 0.2 mi |
| 2056 W Marlette Avenue, Phoenix, AZ 85015 | Jun 2, 2026 | 3 bd · 1,867 sqft | $425,000 | 0.2 mi |
| 2138 W KEIM Drive, Phoenix, AZ 85015 | Jul 6, 2026 | 5 bd · 2,111 sqft | $500,000 | 0.2 mi |
MLS timeline
Price and status history
This timeline records the price and public status snapshots received by CloseDaily from the local MLS replica. It is retained separately from the current listing so later changes do not erase the earlier market history. Dates reflect when the source record changed or was first observed by the sync system.
- $2,200,000 · Active
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Similar active homes in Phoenix
These active listings are in the same city and a nearby price range. Each link is rendered on the server so visitors and search engines can move between the property, the city inventory, and other relevant homes without returning to a generic search page.
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