$1,490,000
Flagstaff, AZ 86001
MLS# 205569
3648 sqft
1 / 50
Property Description
Discover a rare investment opportunity in the heart of Historic Downtown Flagstaff. The iconic circa 1906 Lindemann House occupies a high-profile corner lot and includes an expansive paved parking lot--an exceptional amenity in downtown Flagstaff. Rich in history, character, and income potential, this unique property offers flexibility for investors, business owners, or those seeking a mixed-use opportunity. The property features five residential units, including two 2-bedroom, 1-bath apartments, two 1-bedroom, 1-bath apartments, and one studio apartment. Currently operated with a combination of short- and long-term rentals, all units are transitioning to long-term rentals, providing stable income with additional upside potential.
Details
Contract Information
Status: Active
Public Marketing Date: 2026-08-06
Current Price: $1,490,000
List Price: $1,490,000
List Price/SqFt: 408.44
Owner/Agent: Yes
Property Sub-Type: Multi Family
Transaction Type: Sale
Short Term Rental Allowed (Y/N): Yes
Location, Tax & Legal
County: Coconino
Area: 145 - Flagstaff Townsite
Street #: 309
Direction: N
Street Name: Humphreys
Suffix: Street
City/Town Code: Flagstaff
State/Province: AZ
Zip Code: 86001
Geo Lat: 35.201345
Geo Lon: -111.650139
General Property Description
# of Units: 5
Year Built: 1943
Year Built Source: County
Lot Dimensions: Irreg approx 78' x 134'
Key Words
Sale/Rent Description: For Sale
Net Op Inc: $50,000 - 99,999
Vacancy %: 1%
Cap Rate: 1 - 7.9%
Imprv Sz (Gross SF): 3,000 - 5,999
Land Size: 6,001 - 12,000 SF
# Units: 5 - 8
Down Payment: Submit
Leases
Other: STR
Interior Amenities
Other: Portable A/C units
Flood Zone
Other: AE & X
Currently Not Used
Approx SqFt: 3648
Property Features
To Show: Appt Only/CLO; No Sign on Prop
Leases: 1 Year +
Owner Pays: All Utilities; Electricity; Gardener; Gas; Grounds Care; Hot Water; HVAC Maintenance; Insurance; Sewer; Snow Removal; Taxes; Trash Collection; Water; Exterior Maintenance; Repairs
Tenant Pays: Internet; See Remarks
Util incld in Rent: Electicity; Natural Gas; Sewer; Snow Removal; Trash Collection; Water
Potential Terms: Cash; Conventional; OMC 1st
Interior Amenities: Basement; Carpet/Tile; Cement Slab; Dishwashers; Disposals; Duo-Pane Wind.; Laundry Area; Range/Ovens; Refrigerators; Smoke/Heat Det.; Wood Floors
Exterior Amenities: Deck/Belcony; Landscaped; Porch/Patio; RV Access/Parking
Docs on File: Aerial Photo; Leases; Legal Descrip.; Security Dpsts
Lot Street Imprvmnts: Alley; Curb/Gutters; Paved Parking; Paved Street; Sidewalks; Street Parking
Utilities: Cable Available; City Water; Electricity Available; Natural Gas; Primary Meter; Sewer
Heating: Natural Gas
Cooling: Other
Construction: Frame - Wood
Roof: Asphalt Shingle; Rolled
Management: Owner/Family
Supplements
SELLER FINANCING is available to qualified Buyers, and the Seller prefers a Seller Financed sale.
Flagstaff's desirable Community Commercial (CC) zoning allows for a wide variety of commercial and residential uses. Over the years, the property has successfully housed a retail running store, hair salon, attorney's office, engineering office, and residential apartments, creating exceptional flexibility for future ownership.
The oversized paved parking lot provides abundant off-street parking--an increasingly valuable asset in Historic Downtown Flagstaff. Whether you continue its successful income-producing history, establish your own business, redevelop the site within zoning allowances, or create a unique live/work environment, the possibilities are extensive.
This is a one-of-a-kind historic downtown property offering character, strong income potential, outstanding visibility, abundant parking, flexible zoning, and exceptional long-term investment value.
Owner/Agent.
IDX
Listing Office: Linton Real Estate
Last Updated: August - 11 - 2026
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