$3,750,000
Flagstaff, AZ 86004
MLS# 201620
Status: Closed
19639 sqft
1 / 22
Property Description
Exceptional investment opportunity in Flagstaff's premier rental corridor! This fully stabilized 19,639 SF multifamily property at 3325-3395 E Lockett Rd spans four well-maintained buildings with a dynamic unit mix of 3/2, 2/2, 2/1, 1/1 units. Each one boasts a private single-car garage and carport— a rare find in the Flagstaff market. Built in 1995 and recently repainted, the property is professionally managed, 100 occupied, and offers three on-site laundry facilities plus 11 surface parking spaces. Zoned High Density Residential, it provides both reliable income and future redevelopment potential. Across from Thomas Elementary and steps from Bushmaster Park, this prime location ensures strong tenant appeal. With under-market rents and unmatched amenities.
Details
Contract Information
Owner/Agent: No
List Price/SqFt: 190.94
Short Term Rental Allowed (Y/N): No
Transaction Type: Sale
Status: Closed
Listing Agreement Date: 2025-07-17
Current Price: $3,750,000
Sold Price: $3,750,000
Property Sub-Type: Apt Building (9+ Units)
Location, Tax & Legal
Region: 40 - North East City
APN: 10832004
Zip + 4: 4037
Legal Description: SUBDIVISION: THOMAS PARK LOT: 4 SIXTEENTH: SE QUARTER: NE SECTION: 12 TOWNSHIP: 21N RANGE: 07E
Zoned: High Density
Taxes: 18630
Tax Year: 2024
County: Coconino
Area: 432 - Mt. Elden Foothill
Street #: 3325
Direction: E
Street Name: Lockett
Suffix: Road
City/Town Code: Flagstaff
State/Province: AZ
Zip Code: 86004
Geo Lat: 35.218161
Geo Lon: -111.599642
General Property Description
Year Built: 1995
Year Built Source: County
# of Units: 18
Key Words
Sale/Rent: For Sale
Net Op Inc: CLO
Cap Rate: 1 - 7.9%
Vacancy %: 0%
Down Payment: Submit
Imprv Sz (Gross SF): 6,000 - 47,999
Land Size: 1 - 1.9 AC
# Units: 9 - 64
Remarks & Misc
Directions: Lockett Road across from Thomas Elementary School.
Status Change Info
Sold Price/SqFt: 190.94
Financing: Conventional
Sold Date: 2025-10-27
Sold Price: $3,750,000
Currently Not Used
Approx SqFt: 19639
Property Features
IDX
Listing Office: da Vinci Realty
Last Updated: December - 11 - 2025
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