$625,000
Flagstaff, AZ 86001
MLS# 201770
Status: Closed
1986 sqft
1 / 13
Property Description
Rare Multi-Family Opportunity Near NAU! Fully occupied with zero vacancy, this well-maintained triplex offers strong income potential in one of Flagstaff's most desirable rental areas. Zoned High-Density Residential, it allows for future flexibility and development options. The location is ideal—just minutes from NAU, Whole Foods and Historic Downtown Flagstaff. The front unit has been fully renovated. The roof was replaced on the entire building in 2019. New exterior paint 8/2025. Short-term rentals are permitted with a City of Flagstaff license, offering excellent income versatility. A great opportunity for investors, NAU parents, or owner-occupants. Drive by only - Please do not disturb tenants. Property is NOT located in a FEMA Flood Zone.
Details
Contract Information
Owner/Agent: No
List Price/SqFt: 326.78
Transaction Type: Sale
Status: Closed
Listing Agreement Date: 2025-08-08
Current Price: $625,000
Sold Price: $625,000
Property Sub-Type: Multi Family
Location, Tax & Legal
Region: 10 - North West City
APN: 10402040
Zip + 4: 5819
Cross Street: E Franklin Ave
Legal Description: SUBDIVISION: WASHINGTON ADD REVISED PLAT BLOCK: A LOT: 3 SIXTEENTH: SW QUARTER: NW SECTION: 22 TOWNSHIP: 21N RANGE: 07E
Zoned: HR - High Dens
Taxes: 1716
Tax Year: 2024
County: Coconino
Area: 160 - Southside/ Brannen
Street #: 609
Direction: S
Street Name: O'Leary
Suffix: Street
City/Town Code: Flagstaff
State/Province: AZ
Zip Code: 86001
Geo Lat: 35.189455
Geo Lon: -111.64731
General Property Description
Year Built: 1945
Year Built Source: County
Key Words
Sale/Rent Description: For Sale
Net Op Inc: $20,000 - 49,999
Cap Rate: 1 - 7.9%
Vacancy %: 0%
Down Payment: Submit
Imprv Sz (Gross SF): 1,500 - 2,999
Land Size: To 6,000 SF
# Units: 3
Remarks & Misc
Directions: S Lone Tree to E Franklin Ave, S on O'Leary, property on West side of the street.
Status Change Info
Sold Price/SqFt: 314.7
Financing: Cash
Sold Date: 2025-10-03
Sold Price: $625,000
Inc/Exp (Annual)
= Gross Op Income $: 42600
- Op Expenses $: 5400
= Net Op Income(NOI): 37200
Cap Rate %: 5.95
To Show
Other: 928-607-8026
Leases
Month To Month: 1
1 Year +: 1
Util incld in Rent
Sewer: 1
Trash Collection: 1
Water: 1
Potential Terms
Cash: 1
Conventional: 1
FHA: 1
Interior Amenities
Carpet/Tile: 1
Dishwashers: 1
Range/Ovens: 1
Refrigerators: 1
Smoke/Heat Det.: 1
Docs on File
Flood Zone Info: 1
Leases: 1
Survey: 1
Flood Zone
None: 1
Other: Buyer to Verify
Lot Street Imprvmnts
Paved Parking: 1
Paved Street: 1
Utilities
Cable Available: 1
City Water: 1
Electricity Available: 1
Indiv. Metered: 1
Natural Gas: 1
Phone Available: 1
Sewer: 1
Heating
Central: 1
Natural Gas: 1
Cooling
None: 1
Management
Owner/Family: 1
Construction
Frame - Wood: 1
Roof
Asphalt Shingle: 1
Currently Not Used
Approx SqFt: 1986
Property Features
Leases: Month To Month; 1 Year +
Util incld in Rent: Sewer; Trash Collection; Water
Potential Terms: Cash; Conventional; FHA
Interior Amenities: Carpet/Tile; Dishwashers; Range/Ovens; Refrigerators; Smoke/Heat Det.
Docs on File: Flood Zone Info; Leases; Survey
Lot Street Imprvmnts: Paved Parking; Paved Street
Utilities: Cable Available; City Water; Electricity Available; Indiv. Metered; Natural Gas; Phone Available; Sewer
Heating: Central; Natural Gas
Cooling: None
Construction: Frame - Wood
Roof: Asphalt Shingle
Flood Zone: None
Management: Owner/Family
IDX
Listing Office: da Vinci Realty
Last Updated: October - 05 - 2025
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