4012 N 15TH Avenue, Phoenix, AZ 85015
Property image
Property image
FOR SALE
0.25 ACRES

$1,185,000

  • 10 Beds
  • 5 Baths
  • 4,000 sqft (on 0.25 acres)

4012 N 15TH Avenue, Phoenix, AZ 85015

Encanto
Est. Mortgage $6,781/mo*
Get Pre-Qualified

Home Highlights

Multi-Family
Built in 1959
0.25 acre lot
$296/sqft
Carport

Local Information

  • Map ViewExplore the area around 4012 N 15TH Avenue.
  • Schools2 Preschool Schools2 Elementary Schools3 Middle Schools1 High School
  • Shop & Eat
-- mins to
Commute Destination

About this House

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, healthcare and major transportation corridors. Great opportunity for investors seeking existing cash flow with value-add potential. Buyer to verify all facts and figures.
Last check for updates: about 17 hours ago
Listing courtesy of Luis Espinoza, (602) 373-9729
Gile Commercial Real Estate
Source: ARMLS, MLS#7063520
Also Listed on ARMLS.
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS.

Home Details for 4012 N 15TH Avenue

Interior Features

Beds & Baths
Number of Bedrooms: 10Number of Bathrooms: 5
Dimensions and Layout
Living Area: 4000 Square Feet
Appliances & Utilities
Appliances: Built-In Range, Refrigerator, Washer/DryerRefrigerator
Heating & Cooling
Heating: Individual,ElectricHas CoolingAir Conditioning: Electric,IndividualHas HeatingHeating Fuel: Individual
Gas & Electric
Electric: Individual MeterHas Electric on Property
Windows, Doors, Floors & Walls
Flooring: Vinyl
Levels, Entrance, & Accessibility
Floors: Vinyl

Exterior Features

Exterior Home Features
Roof: Composition
Parking & Garage
Number of Covered Spaces: 5Has a CarportNo GarageParking Spaces: 5Parking: 1 Space/Unit,Carport
Frontage
Road Surface Type: AsphaltNot on Waterfront
Water & Sewer
Sewer: Public Sewer

Days on Market

Cumulative Days on Market: 15Days on Market: 40

Property Information

Year Built
Year Built: 1959
Property Type / Style
Property Type: Residential IncomeProperty Subtype: Multi Family
Building
Construction Materials: Painted, Block
Property Information
Parcel Number: 11008014

Price & Status

Price
List Price: $1,185,000Price Per Sqft: $296

Active Status

MLS Status: Active

Location

Direction & Address
City: PhoenixCommunity: PARK FAIRMONT AMD
School Information
Elementary School District: Osborn Elementary DistrictHigh School District: Phoenix Union High School District

Agent Information

Listing Agent
Listing ID: 7063520

Building

Building Area
Building Area: 4000 Square Feet

Community

Community Features: No Pool

Lot Information

Lot Area: 10723 sqft

Offer

Listing Terms: Conventional

Business

Business Information
Ownership: Fee Simple

Rental Terms, Policies & Fees

Owner Pays: Trash Collection, Water, Sewer

Miscellaneous

Mls Number: 7063520

Additional Information

No Pool

Around this home

Neighborhood Overview

Encanto
See Local Highlights
Neighborhood stats provided by third party data sources.

What Locals Say about Encanto

At least 534 Trulia users voted on each feature.

  • 88 % Say it's dog friendly

  • 84 % Say there are sidewalks

  • 80 % Say car is needed

  • 79 % Say parking is easy

  • 70 % Say yards are well-kept

  • 69 % Say it's walkable to restaurants

  • 68 % Say there's holiday spirit

  • 59 % Say people would walk alone at night

  • 58 % Say streets are well-lit

  • 53 % Say it's quiet

  • 51 % Say they plan to stay for at least 5 years

  • 50 % Say it's walkable to grocery stores

  • 48 % Say kids play outside

  • 46 % Say neighbors are friendly

  • 32 % Say there are community events

  • 23 % Say there's wildlife

Sourced by Trulia users. Learn more about our methodology.
  • Joan
    "I lived in this house for 4 years and it was a dream. Loved everything about it. It’s a safe neighborhood with great people. The walls are so thick so it’s very quiet. I worried when I moved in that there would be homeless or people walking down the streets (I can from LA) and it never happened. I would sit on the front porch for hours with my dog and it was just the best. Whoever gets this home (and closet!!) will love it. "
    1
    Flag
  • James Harold Bowens Jr.
    "Clear walk paths and not a lot of loose dogs. Plenty of open areas to allow your dog to get exercise. "
    0
    Flag
  • Unknown
    "There are many dog owners in my neighborhood. It is a friendly place for dogs and their owners. There is a landscaped and lit canal walking trail. "
    0
    Flag
  • Ciara Ruiz
    "Ok could be better. Not the greatest. A lot of homelessness. They sneak in to the apartment complex. "
    1
    Flag
  • Trulia User
    "My neighborhood is very close knit, its homes are owned by long term owners. We look out for each other and take pride in are homes. "
    2
    Flag
  • Trulia User
    "its in the desert smack dab downtown almost and close to the airport. its equidistant to almost all outskirts of the valley. its is located by everything that you dont need to travel far. This area is getting renovated and remodeling a lot of houses."
    10
    Flag
  • Trulia User
    "The state fair, of course. Permit parking even if you’re a resident. Having to maintain grass in the desert, and the occasional lovely visit to your porch, by some of the local charming vagrants."
    3
    Flag
  • Trulia User
    "My commute is pretty simple and safe from work to home. Have not encounter any violence in the past 2 years of living in the area "
    0
    Flag
  • Trulia User
    "It’s a very close knit community. Everyone here is helpful and kind. Definitely cannot leave your packages out front, but mostly good otherwise! "
    4
    Flag
  • Trulia User
    "Everyone has fenced yards, but some people walk their dogs, it’s safe to do that during the day or night"
    1
    Flag
  • Trulia User
    "I’ve lived in central Phoenix for over 20 years, it has changed a lot but the neighborhood is still the same in many ways lots of friendly people "
    1
    Flag
  • Trulia User
    "I’ve lived in central Phoenix over 25yrs, it is a great area to live. People are friendly and keep neighborhood nice "
    1
    Flag
  • Trulia User
    "The area is easily accessible to all other areas of the valley and typically it's not far to a bus stop or Lyft is good too. "
    0
    Flag
  • Trulia User
    "having to pick up their dog poop and dogs just running without a leash but they will like to have a dog play round and toys for pets or bathroom spot for dogs and somewhere where the dogs can drink water and rest at. "
    0
    Flag
  • Trulia User
    "Have not seen many community events around. Like the area though. Generally pretty quiet in my area "
    1
    Flag
  • Trulia User
    "This neighborhood is great for those willing to take public transportation. The bus routes are everywhere and very close to the light rail."
    0
    Flag
  • Trulia User
    "Beware of traffic, lots of fast moving traffic! There are car accidents almost daily and drivers seem unaware of what's going on not only in the intersections but also on 16th street and Osborn Rd both ... "
    0
    Flag
  • Trulia User
    "Neighborhood community group activities, neighborhood yard sales, shred events, historic neighborhood, neighborhood first aid & CPR classes. "
    0
    Flag
  • Trulia User
    "Lived here over 20 years, very quiet and safe place to live, friendly fun neighbors who walk their dogs, jog and spend time outside a lot "
    0
    Flag
  • Trulia User
    "Everyone is so friendly and neighbors are awesome there’s so many great things about living in central Phoenix. We all are really nice people we just have so many good neighbors. Everyone watch watches for each other nobody uses profanity on the streets is just so great to live in downtown Phoenix restaurants are always gree with service there is no issues with any restaurants at all. Parts are very clean and we are so close to hiking trails and biking routes"
    0
    Flag
  • Trulia User
    "Lots of long-time families live here. Even though the area isn't that safe, the neighbors at least try to maintain the street and notify one another of packaging. Really good people live in this area and try their best to keep things nice."
    1
    Flag
  • Trulia User
    "Lovely place to live, everyone super nice. Everyone in downtown Phoenix is such a great people. Parks are clean and all people so friendly, love the environment created in the city."
    0
    Flag
  • Chrissie L. A.
    "I have immediate access to the freeway and I have no issues. I work on tempe so the only bottleneck is of course at the tunnel."
    4
    Flag
  • Charlzstevens
    "The community feel is overall great , close enough to downtown without being too deep I’m a fan in general "
    2
    Flag
  • Jasminejohnsonmusic
    "Dogs are on leashes while being walked. No dogs running around as strays. Very dog-friendly community."
    2
    Flag
  • Toni S.
    "I think it’s fine. No issues with dog ownership that I have noticed. Good neighborhood for dogs or any animals "
    4
    Flag
  • Sid M.
    "I live on Osborn and would not have kids off the busy road. Good area over all. It is nice for walks with my dog and family."
    2
    Flag
  • Luanne
    "There are luminarias at Christmas and monthly cocktail parties, plus neighborhood front yard concerts."
    1
    Flag
  • Songnheart71159
    "There are many families in the neighborhood with diversity. It's a great area with accessibility to the museums and downtown nightlife."
    1
    Flag
  • Kirsten
    "I don’t know why I got this survey. Although I had a friend that lived in the neighborhood and loved it and enjoyed visiting. Love the dog park and the bars and restaurants nearby. I live nearby but would love to live in the area if given the opportunity. "
    2
    Flag
  • Sam D.
    "Most people own dogs and you’ll see them walking them. People stop to say hi and give treats. This is a dog friendly neighborhood "
    1
    Flag
  • Dustysusan
    "Many homeless, drug dealing, camping out in alley, going to the bathroom next to dumpsters...& more!"
    3
    Flag
  • Weston A.
    "Midtown is fantastic, things are really great and getting better all the time. We hope to buy here in the very near future, we've rented here for years."
    1
    Flag
  • Sam D.
    "Family neighborhood, quiet, clean, dog friendly, close to downtown, unique houses, a lot of renovation going on which will make the neighborhood better without losing its character"
    0
    Flag
  • Luanne
    "It’s a lovely neighborhood where everyone looks out for one another. It feels like a throwback to another era."
    2
    Flag
  • Tgrady
    "Willo-Encanto District tours, neighborhood crime watch, concerts, and Willo/Encanto quarterly updates/magazine. "
    0
    Flag
  • Keelyinphx
    "Encanto Park and golf course are really nice. Very close to the Fairgrounds. Close to events and nightlife in downtown and midtown."
    0
    Flag
  • Praphul N.
    "it's easy commute any where f on downtown.phoenix to camel back and Biltmore area. With new grocery stores like Sprouts and Safeway things have changed."
    1
    Flag
  • Freshd34
    "Encanto is a good neighborhood for diversity in lifestyle and amenities. There is a lot of parks and shopping centers nearby. An assortment of restaurants are nearby too. The cost of living is not extremely high. Just a good, solid place to live overall"
    0
    Flag
  • Toccara B.
    "Simple and far from complicated, only dislike in this neighborhood is the weird guys who honk at you for walking down the street "
    0
    Flag

Market trends in Encanto

Last updated August 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$466K
$12.13KMoM
Sale-to-List Price
98.2%
0.3%MoM
Price per sq ft
$325
$1MoM
Available listings
275
9MoM

Home Value

Trulia Estimate
$1.12M
Since last month
Increased$45K (+4.1%)
Since last year
Increased$107K (+10.4%)
Since last sale
Increased$79K (+7.5%)
Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.

Trulia Estimate

The of this home's value increased by +194% in the last 10 years
MonthEstimated value
2026
September 2026$1.13M
August 2026$1.13M
July 2026$1.08M
June 2026$1.1M
May 2026$1.09M
April 2026$1.07M
March 2026$1.11M
February 2026$1.1M
January 2026$1.07M
2025
2024
2023

Comparable sales

These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.
Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
1717 W HEATHERBRAE Drive, Phoenix, AZ
0.40
Multi-Family Home
$685,000
09/26/25
6
4
4,024
3641 N 15TH Avenue, Phoenix, AZ
0.19
Multi-Family Home
$615,000
10/03/25
6
1
2,520
2101 W HEATHERBRAE Drive, Phoenix, AZ
0.77
Multi-Family Home
$747,999
12/22/25
8
4
2,800
1321 W CLARENDON Avenue, Phoenix, AZ
0.20
Multi-Family Home
$540,000
01/15/26
5
2
1,976
1841 W FAIRMOUNT Avenue, Phoenix, AZ
0.46
Multi-Family Home
$1,100,000
03/31/26
11
2
9,300
1940 W AMELIA Avenue, Phoenix, AZ
0.58
Multi-Family Home
$599,000
12/05/25
4
4
2,520
220 W MONTEROSA Street, Phoenix, AZ
0.85
Multi-Family Home
$1,525,000
08/12/26
8
6
4,960
1944 W AMELIA Avenue, Phoenix, AZ
0.59
Multi-Family Home
$490,000
12/05/25
5
4
2,194
2107 W GLENROSA Avenue, Phoenix, AZ
0.81
Multi-Family Home
$590,000
04/24/26
5
4
2,595
2144 W HEATHERBRAE Drive, Phoenix, AZ
0.88
Multi-Family Home
$350,000
02/17/26
12
6
5,508

Nearby home prices

Get a sense of expected prices in the area by checking the value of nearby homes.
Address
Distance
Price
Bed
Bath
Sqft
Status
1517 W Indian School Road, Phoenix, AZ 85015
0.08
$1,441,900
3
2
6,050
Off Market
1525 W INDIAN SCHOOL Road, Phoenix, AZ 85015
0.09
$2,858,300
3
3
11,252
Off Market
1532 W Fairmount Avenue, Phoenix, AZ 85015
0.06
$575,000
3
2
1,411
For Sale
3845 N 15TH Avenue, Phoenix, AZ 85015
0.06
$405,000
3
1
1,125
For Sale
3836 N 15TH Avenue, Phoenix, AZ 85015
0.09
$839,300
8
4
-
Off Market
1608 N FAIRMOUNT Avenue, Phoenix, AZ 85015
0.13
$523,200
4
2
1,849
Off Market
4019 N 14TH Avenue, Phoenix, AZ 85013
0.10
$578,800
2
2
1,416
Off Market
4016 N 13TH Avenue, Phoenix, AZ 85013
0.13
$521,600
5
3
1,781
Off Market
4006 N 13TH Avenue, Phoenix, AZ 85013
0.13
$454,500
2
2
1,396
Off Market
4139 N 16TH Drive, Phoenix, AZ 85015
0.18
$409,600
3
2
1,374
Off Market
3844 N 13th Avenue, Phoenix, AZ 85013
0.14
$563,000
3
1
1,125
Off Market

Price and Tax history

DateEventPrice
Aug 6, 2026
Source: ARMLS #7063520
Listed For Sale
$1,185,000
May 16, 2024
Source: ARMLS #6584113
Sold
$1,050,000
Jan 16, 2024
Source: ARMLS #6584113
PriceChange
$1,149,000
Price decreased by 0%
Jan 2, 2024
Source: ARMLS #6584113
PriceChange
$1,149,999
Price decreased by 0%
Dec 6, 2023
Source: ARMLS #6584113
PriceChange
$1,150,000
Price decreased by 3%

LGBTQ Local Legal Protections

Luis Espinoza, Gile Commercial Real Estate
Agent Phone: (602) 373-9729

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Frequently asked questions about 4012 N 15TH Avenue

  • What is the estimated monthly payment for 4012 N 15TH Avenue?
    Based on a $1,185,000 list price with 20% down at today's rates, the estimated monthly payment for 4012 N 15TH Avenue in Phoenix, AZ is approximately $6,957 (about $6,477 principal & interest, $405 property taxes, and $75 homeowner's insurance). This is an estimate. Actual payment depends on your loan terms.
  • How does the list price for 4012 N 15TH Avenue compare to homes in Phoenix?
    4012 N 15TH Avenue in Phoenix, AZ is listed at $1,185,000, about 154% above the $466K median sale price in Phoenix.
  • What do residents say about the Encanto neighborhood?
    Residents describe the Encanto neighborhood in Phoenix, AZ as dog-friendly, pedestrian-friendly, and easy to park in. See homes for sale in Encanto, Phoenix.
  • What are the closest schools to 4012 N 15TH Avenue?
    The closest schools to 4012 N 15TH Avenue in Phoenix, AZ are Central High School (rated 3/10), Clarendon School (Pre-K/Elementary/Middle, rated 4/10), Encanto School (Pre-K/Elementary/Middle, rated 3/10).
  • Does 4012 N 15TH Avenue have air conditioning?
    Yes, 4012 N 15TH Avenue in Phoenix, AZ has air conditioning.
  • Does 4012 N 15TH Avenue have laundry facilities?
    Yes, 4012 N 15TH Avenue in Phoenix, AZ has laundry facilities.
4012 N 15TH Avenue, Phoenix, AZ 85015 is a 10 bedroom, 5 bathroom, 4,000 sqft multi-family built in 1959. 4012 N 15TH Avenue is located in Encanto, Phoenix. This property is currently available for sale and was listed by ARMLS on Aug 6, 2026. The MLS # for this home is MLS# 7063520.