$1,490,000
Flagstaff, AZ 86001
MLS# 205589
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 Info
Status: Active
Public Marketing Date: 2026-08-07
List Price: $1,490,000
Current Price: $1,490,000
List Price/SqFt: 408.44
For Lease YN: No
Owner/Agent: Yes
Property Sub-Type: Other/Misc
General Property Description
Dimensions: Irreg approx 78' x 134'
Acres: 0.25
Ground Lease YN: No
Year Built: 1943
Approx SqFt: 3648
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
Key Words
Sale/Rent Description: For Sale
Net Op Inc: $60,000 - 79,999
Cap Rate: 1 - 7.9%
Down Payment: Submit
Imprv Sz (Gross SF): 2,000 - 4,999
#Tenants/Units: 5 - 9
Land Size: 0 - .4 AC
Trade/Exchange: Not Applicable
To Show
Other: Call Owner/Agent
Leases
Other: STR
Util Pd by Tenant
Other: Internet
Interior Amenities
Other: Portable A/C units
Flood Zone
Other: AE & X
Property Features
To Show: No Sign on Prop.
Terms of Sale: 1031 Exchange; Cash; OMC w/Balloon; Refinance
Leases: Month To Month; 12+ Months
Docs on File: Aerial Photo; Leases; Legal Descrip.
Interior Amenities: Basement; Duo-Pane Win.; Fire Alarm Sys.; Laundry; Living Qtrs.
Exterior Amenities: Landscaped
Occupancy: Totally Leased
Management: Owner
Construction: Two Story; Frame; Stucco; Wired to Code
Roof: Asphalt Shingle; Pitched
Heating: Natural Gas; Other; Other
Cooling: Other
Utilities: Cable Available; City Water; Electricity Available; Natural Gas; Phone Available; Primary Meter; Sewer
Lot Street Imprvmnts: Alley; Curbs; Paved Parking; Sidewalks; St-Blacktop
Location: Corner Lot; Downtown; Freestanding
Freeway Turn Time: 5-9 Min
Possession: See Remarks
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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