4012 N 15TH Avenue, Phoenix, AZ 85015, Phoenix AZ 85015
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, healthcar
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 64th percentile of that active group. The comparison uses 693 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 $392,000, and the median is $370 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 |
|---|---|---|---|---|
| 1216 W CLARENDON Avenue, Phoenix, AZ 85013 | Aug 11, 2026 | 3 bd · 1,134 sqft | $399,000 | 0.2 mi |
| 4019 N 12TH Avenue, Phoenix, AZ 85013 | May 22, 2026 | 3 bd · 1,429 sqft | $555,000 | 0.2 mi |
| 4161 N Westview Drive, Phoenix, AZ 85015 | Jun 12, 2026 | 3 bd · 1,344 sqft | $370,000 | 0.2 mi |
| 1202 W CLARENDON Avenue, Phoenix, AZ 85013 | May 1, 2026 | 3 bd · 1,116 sqft | $460,000 | 0.2 mi |
| 3846 N 11th Avenue, Phoenix, AZ 85013 | Apr 16, 2026 | 4 bd · 1,536 sqft | $385,000 | 0.3 mi |
| 4230 N 16TH Avenue, Phoenix, AZ 85015 | Oct 1, 2026 | 3 bd · 1,136 sqft | $349,000 | 0.3 mi |
| 1413 W GLENROSA Avenue, Phoenix, AZ 85013 | May 11, 2026 | 3 bd · 1,548 sqft | $701,000 | 0.3 mi |
| 1717 W CLARENDON Avenue, Phoenix, AZ 85015 | May 8, 2026 | 2 bd · 941 sqft | $380,000 | 0.3 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.
- $1,185,000 · Active
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