1221 E 3rd Street, Winslow, AZ 86047 (MLS# 201628)


$1,395,000
1221 E 3rd Street
Winslow, AZ 86047
MLS# 201628
5984 sqft


25 Unit Apartment Building
  1 / 35  
25 Unit Apartment Building DSC09640-HDR DSC09643-HDR DSC09649-HDR DSC09655-HDR DSC09661-HDR DSC09667-HDR DSC09673-HDR DSC09679-HDR DSC09685-HDR DSC09691-HDR DSC09696-HDR DSC09703-HDR DSC09707-HDR DSC09713-HDR DSC09718-HDR DSC09723-HDR DSC09729-HDR DSC09734-HDR DSC09741-HDR DSC09754-HDR DSC09763-HDR DSC09770-HDR DSC09776-HDR DSC09782-HDR DSC09788-HDR DSC09795-HDR DSC09800-HDR DSC09810-HDR DSC09816-HDR DSC09825-HDR DSC09830-HDR DSC09836-HDR DSC09843-HDR DSC09848-HDR

Property Description
College View Apartments is a 25-unit multifamily investment spanning two contiguous buildings across two parcels in the heart of Winslow, Arizona. The property is fully occupied, with documented rent growth: Gross Scheduled Income rose from 194,100 to 243,900 during 2025, and current market rent analysis shows room to grow further toward 280,500 annually. Recent capital improvements include new gas water heaters, updated electrical panels and conduit, and unit-level upgrades completed at turnover -- laminate flooring, new appliances, and cabinetry. Full financials, including 2025 operating statements and normalized adjustments, available upon request.

Details
Documents
Contract Information
Status: Active
Public Marketing Date: 2025-07-01
Current Price: $1,395,000
List Price: $1,395,000
List Price/SqFt: 233.12
Owner/Agent: No
Property Sub-Type: Multi Family
Transaction Type: Sale
Short Term Rental Allowed (Y/N): No
Location, Tax & Legal
County: Navajo
Area: 20 - Winslow
Street #: 1221
Direction: E
Street Name: 3rd
Suffix: Street
City/Town Code: Winslow
State/Province: AZ
Zip Code: 86047
Geo Lat: 35.019431
Geo Lon: -110.685628
General Property Description
# of Units: 25
Year Built: 1962
Year Built Source: County
Lot Dimensions: 100' x 230'
Key Words
Sale/Rent Description: For Sale
Net Op Inc: $100,000 - 149,999
Vacancy %: 0%
Cap Rate: 1 - 7.9%
Imprv Sz (Gross SF): 6,000 - 47,999
Land Size: .5 - .9 AC
# Units: 9 - 64
Down Payment: Submit
Currently Not Used
Approx SqFt: 5984
Property Features
To Show: Appt Only/CLO; Drive By/Don't Enter
Leases: Month To Month
Util incld in Rent: Cable TV; Electicity; Natural Gas; Sewer; Trash Collection; Water
Potential Terms: Cash; Conventional
Interior Amenities: Cement Slab; Laundry Area; Range/Ovens; Refrigerators; Smoke/Heat Det.
Exterior Amenities: Laundry Room
Docs on File: Current P & L
Utilities: Cable Available; City Water; Electricity Available; Natural Gas; Phone Available; Primary Meter; Sewer
Heating: Electric; Natural Gas
Cooling: Multi Units
Construction: Frame - Wood
Roof: Asphalt Shingle
Management: On-Site Manager

IDX
Listing Office: Linton Real Estate
Source MLS Verified

Last Updated: July - 14 - 2026

Copyright 2021 Northern Arizona Association of Realtors®. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.