$1,200,000
Flagstaff, AZ 86001
MLS# 203002
2470 sqft
1 / 57
Property Description
**CROSS LISTED UNDER RES.(203103)** Discover an exceptional income-producing opportunity at 1 E Terrace Ave, Units 1 & 2-Where versatility, comfort, and location come together in one remarkable property. Perfect for owner-occupants or investors, this rare duplex allows you to live in one spacious unit while generating income from the other. Both residences are thoughtfully designed with full kitchens, in-unit washer and dryer sets, and their own private 1-car garages—a true luxury in Flagstaff. Each unit also features its own private backyard, offering outdoor space that's ideal for relaxing, entertaining, or enjoying Flagstaff's four beautiful seasons. Located just seconds from downtown, you'll enjoy the convenience of city living while still being tucked into your own private setting.
Details
Contract Information
Owner/Agent: No
List Price/SqFt: 485.83
Short Term Rental Allowed (Y/N): Yes
Transaction Type: Sale
Status: Active
Listing Agreement Date: 2026-01-05
Current Price: $1,200,000
List Price: $1,200,000
Property Sub-Type: Multi Family
Location, Tax & Legal
Region: 10 - North West City
APN: 10123024
Unit #: 1&2
Cross Street: Birch and Terrace
Legal Description: SUBDIVISION: RAILROAD ADD BLOCK: B PT LOTS13 14
Taxes: 4638
Tax Year: 2025
County: Coconino
Area: 140 - Pinecrest/Cherry Hill
Street #: 1
Direction: E
Street Name: Terrace
Suffix: Avenue
City/Town Code: Flagstaff
State/Province: AZ
Zip Code: 86001
Geo Lat: 35.196118
Geo Lon: -111.642459
General Property Description
Lot Dimensions: 129.46x29.52x123.19x48.74
Year Built: 2003
Year Built Source: County
# of Units: 2
Key Words
Sale/Rent Description: For Sale
Net Op Inc: $0 - 4,999
Cap Rate: 1 - 7.9%
Vacancy %: 0%
Down Payment: Submit
Imprv Sz (Gross SF): 1,500 - 2,999
Land Size: 6,001 - 12,000 SF
# Units: 2
Remarks & Misc
Directions: Go East on Birch, Right on Terrace, Property is on the left
Inc/Exp (Annual)
Other: Did not fully utiliz
Exis Fee/Docs
Other: SPDS + Addendum 1-4
To Show
Appt Only/CLO: 1
Other: Showing Time
Leases
Weekly: 1
Month To Month: 1
Util incld in Rent
Electicity: 1
Natural Gas: 1
Sewer: 1
Water: 1
Potential Terms
Cash: 1
Conventional: 1
Exchange
Submit: 1
Interior Amenities
Carpet/Tile: 1
Dishwashers: 1
Disposals: 1
Duo-Pane Wind.: 1
Laundry Area: 1
Range/Ovens: 1
Refrigerators: 1
Shared Baths: 1
Docs on File
Aerial Photo: 1
Exterior Amenities
Deck/Belcony: 1
Fenced: 1
Garages: 1
Landscaped: 1
Priv Yards: 1
Flood Zone
None: 1
Lot Street Imprvmnts
Paved Parking: 1
Utilities
City Water: 1
Electricity Available: 1
Natural Gas: 1
Sewer: 1
Heating
Natural Gas: 1
Cooling
None: 1
Management
Mgmt. Co.: 1
Roof
Asphalt Shingle: 1
Currently Not Used
Approx SqFt: 2470
Property Features
To Show: Appt Only/CLO
Leases: Weekly; Month To Month
Util incld in Rent: Electicity; Natural Gas; Sewer; Water
Potential Terms: Cash; Conventional
Exchange: Submit
Interior Amenities: Carpet/Tile; Dishwashers; Disposals; Duo-Pane Wind.; Laundry Area; Range/Ovens; Refrigerators; Shared Baths
Exterior Amenities: Deck/Belcony; Fenced; Garages; Landscaped; Priv Yards
Docs on File: Aerial Photo
Lot Street Imprvmnts: Paved Parking
Utilities: City Water; Electricity Available; Natural Gas; Sewer
Heating: Natural Gas
Cooling: None
Roof: Asphalt Shingle
Flood Zone: None
Management: Mgmt. Co.
Supplements
From the balcony, take in sweeping views overlooking Flagstaff's natural beauty, a daily reminder of why this area is so sought after.
Inside, each unit offers its own unique character. One features a newly added rock wall with a 3D fireplace, creating a stunning focal point and a warm, inviting atmosphere. The other showcases a custom Flagstaff mural wall, adding artistic charm and a sense of place that guests and tenants will love.
With ample parking, spacious interiors, and thoughtful upgrades, this property is perfectly positioned for long-term rental, short-term rental, or multigenerational living. Whether you're looking to offset your mortgage or expand your investment portfolio, 1 E Terrace Ave delivers flexibility and financial potential without compromising comfort or style.
A rare find in an unbeatable location, schedule a tour today!
IDX
Listing Office: Realty One Group, Mountain Desert
Last Updated: February - 04 - 2026
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