10845 N 15TH Avenue, Phoenix, AZ 85029 (MLS# 7086337)

10845 N 15TH Avenue, Phoenix, AZ 85029

$498,000

Property Type: Multiple Dwellings Bedrooms: 5 Baths: 3 Status: Active

Current Price: $498,000 Last Modified: 9/29/2026

Overview

Description

Renovated and well-maintained duplex with mountain views in Phoenix's North Mountain area! Live in one unit and rent the other or add a versatile income property to your portfolio. Vacant Unit 1 offers 3BD/2BA, updated kitchen with quartz counters and stainless appliances, large laundry room, spacious front yard, and private backyard with covered patio, storage shed and 3 + off street parking spots. Unit 2 offers 2BD/1BA plus a large bonus room, private outdoor space, in-unit laundry, and 4-car garage. Long-term tenant generates $1,830/month including rent, pet rent and fees. Updates include a 2023 roof, dual-pane windows, flooring, plumbing, electrical and central AC. Large lot with alley access and potential for additional parking or ADU. Near hiking, dining, schools and I-17.

Listing Details MLS# 7086337

Location, Tax & Legal

House Number: 10845
Compass: N
Street Name: 15TH
St Suffix: Avenue
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85029
Zip4: 5144
Country: US
County Code: Maricopa
Subdivision: MERCER HEIGHTS
Assessor Number: 159-15-001
Tax Year: 2025
Assessor's Map #: 15
Legal Description (Abbrev): LOT 1 MERCER HEIGHTS MCR 004132
Assessor's Parcel #: 1
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 103615
Taxes: 1239
Legal: LOT 1 MERCER HEIGHTS MCR 004132
Marketing Name: MERCER HEIGHTS

Contract Info

Ownership: Fee Simple

General Property Description

Lot Size Dimensions: 8055
Year Built: 1957
Uncvrd Parking Spcs: 2
Total # of Units: 2
# of Buildings: Yes
Zoning: R3
Flood Zone: No
Elementary School District: Washington Elementary School District
High School District: Glendale Union High School District
Elementary School: Mountain View Elementary School
Jr. High School: Mountain View Elementary School
High School: Thunderbird High School

Remarks Misc

Cross Street: Peoria Ave & 19th Ave
Directions: From I-17, head east to Peoria Ave, turn left onto N 15th Ave, turn right onto W Desert Cove Ave. Property will be on the right.

Legal Info

Township: 3N
Range: 3E
Section: 19
Lot Number: Yes

Efficiency Units

# Baths: Yes
Avg Rent: 0

More Information

2 Bedroom Units

# 2 Bedroom Units: Yes
Avg Rent: 1830
Avg SqFt: 1197
# Baths: Yes

3 Bedrooms Units

# 3 Bedroom Units: Yes
Avg Rent: 1975
Avg SqFt: 1217
# Baths: 2

Structure

Bedrooms Total: 5
Bathrooms Total: 3

Income Expenses

Gross Annual Sch Inc: 45660
Net Operating Income: 31962

Showing Notification Methods

Showing Service: Aligned Showings
Text: Yes
Email: Yes
Phone Call: Yes

Project Type

Duplex: Yes

1 Bedroom Units

Avg Rent: 0

4 Bedrooms Units

Avg Rent: 0

Construction

Block: Yes
Wood Frame: Yes

Const - Finish

Painted: Yes
Brick Veneer: Yes

Roofing

Composition: Yes

Floors

Tile: Yes
Vinyl: Yes

Sale Includes

Building(s) Only: Yes

Income & Expenses

Annual Elec Exp: 0
Annual Gas Exp: 0
Annual Ins Exp: 1939
Annual Land Lse Exp: 0
Annual Landscape Exp: 900
Annual Legal & Acctg: 0
Annual Maint Exp: 0
Annual Mgmt Exp: 0
Annual Trash Exp: 0
Annual Wtr/Swr Exp: 2497
Owner Association: No
Annual Ownr Asoc Fee: 0
Annual PAD Fee: 0
Annual Rplcmnt Rsrvs: 0
Annual Other Expense: 0
Operating Exp: 6575
Other Income: 0
Vacancy Allowance: 4
Adjusted Gross Inc: 136980
Total Monthly Rental Income: 0

Pmt & Rate Info

Cap Rate: 6.42
Down Payment: 0
Equity: 498000
1st Encumbrance: 0
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Assessment Balance: 0

Lockbox Type

Supra: Yes

Community Features

No Pool: Yes

Heating

Forced Air: Yes
Electric: Yes

Cooling

Central Air: Yes
Electric: Yes

Exterior Amenities

Landscape Water System: Yes
Desert Landscaping: Yes
Fenced: Yes
Patio/Balcony: Yes

Interior Features

Unfurnished: Yes
Fire/Smoke Alarm(s): Yes
Mini Blinds: Yes

Tenant Pays

Gas: Yes
Electricity: Yes

Appliances Included

Dishwasher: Yes
Disposal: Yes
Microwave: Yes
Refrigerator: Yes
Free-Standing Range: Yes
Washer/Dryer: Yes

Road Access Type

City Street: Yes

Road Surface Type

Asphalt: Yes

Source of Fincl Data

Owner: Yes

Road Responsibility

City Maintained Road: Yes

Water Source

City Franchise: Yes

Sewer

Sewer - Public: Yes

Parking Features

Garage: Yes
>1 Space Per Unit: Yes
Paved: Yes
RV Access/Parking: Yes
Attached Garage: Yes

Electric

APS: Yes

Gas

SW Gas: Yes

Owner Pays

Water: Yes
Landscaping: Yes

New Financing

Cash: Yes
VA: Yes
Conventional: Yes
FHA: Yes

Existing 1st Loan

Treat as Free&Clear: Yes

Reports/Disclosures

Seller Prop Disc Stm: Yes

Environmental

None: Yes

Property Features

Project Type: Duplex Construction: Block; Wood Frame Const - Finish: Painted; Brick Veneer Roofing: Composition Floors: Tile; Vinyl Sale Includes: Building(s) Only Community Features: No Pool Exterior Amenities: Landscape Water System; Desert Landscaping; Fenced; Patio/Balcony Interior Features: Unfurnished; Fire/Smoke Alarm(s); Mini Blinds Appliances Included: Free-Standing Range; Refrigerator; Dishwasher; Disposal; Microwave; Washer/Dryer Heating: Forced Air Cooling: Electric; Central Air Water Source: City Franchise Sewer: Sewer - Public Electric: APS Gas: SW Gas Parking Features: Garage; >1 Space Per Unit; RV Access/Parking; Paved; Attached Garage Road Access Type: City Street Road Surface Type: Asphalt Road Responsibility: City Maintained Road Owner Pays: Water; Landscaping Tenant Pays: Electricity; Gas Source of Fincl Data: Owner Showing Notification Methods: Text; Email; Phone Call Lockbox Type: Supra Existing 1st Loan: Treat as Free&Clear New Financing: Cash; VA; FHA; Conventional Environmental: None

Listing Office: Better Homes & Gardens Real Estate SJ Fowler

Last Updated: September - 29 - 2026