$2,900,000
Flagstaff, AZ 86004
MLS# 204264
6659 sqft
1 / 75
Property Description
If you've been waiting for a real Flagstaff value-add deal... this is it. 22 total units located directly on Historic Route 66 in the heart of Flagstaff. The property consists of 19 studios and 3 larger units and offers a rare chance to acquire scale in one of Arizona's tightest housing markets. About 75 percent of the units are currently functional and occupied, but make no mistake -- this property needs a full modernization. The upside here is in the reposition. The current affordable housing use does not transfer with the sale. Tenants will not convey, and no financials are being provided. This gives a new owner a clean slate to execute their own business plan and reposition the property however they choose. The opportunities are endless: workforce housing, multifamily conve
Details
Contract Information
Owner/Agent: No
List Price/SqFt: 435.5
Short Term Rental Allowed (Y/N): Yes
Transaction Type: Sale
Status: Active
Public Marketing Date: 2026-04-28
Current Price: $2,900,000
List Price: $2,900,000
Property Sub-Type: Multi Family
Location, Tax & Legal
Region: 40 - North East City
APN: 10712005b
Zip + 4: 5003
Cross Street: Main St / Route 66
Legal Description: SIXTEENTH: NE QUARTER: SE SECTION: 14 TOWNSHIP: 21N RANGE: 07E TR LAND NW4NE4SE4; POB PT ON E LINE MAIN ST WHICH LIES S
Zoned: Commercial
Taxes: 0
Tax Year: 2025
County: Coconino
Area: 400 - Sunnyside
Street #: 2100
Direction: E
Street Name: Route 66
City/Town Code: Flagstaff
State/Province: AZ
Zip Code: 86004
Geo Lat: 35.201957
Geo Lon: -111.617516
General Property Description
Year Built: 1949
Year Built Source: County
# of Units: 23
Key Words
Sale/Rent Description: For Sale
Net Op Inc: CLO
Cap Rate: CLO
Vacancy %: 0%
Down Payment: Submit
Imprv Sz (Gross SF): 6,000 - 47,999
Land Size: .5 - .9 AC
# Units: 9 - 64
Remarks & Misc
Directions: USE GPS
To Show
Appt Only/CLO: 1
Drive By/Don't Enter: 1
Pets
Cats OK: 1
Dogs OK: 1
Leases
Weekly: 1
Owner Pays
All Utilities: 1
Common Area Maintenance: 1
Grounds Care: 1
Insurance: 1
Internet: 1
Pest Control: 1
Roof Maintenance: 1
Sewer: 1
Snow Removal: 1
Taxes: 1
Trash Collection: 1
Exterior Maintenance: 1
Repairs: 1
Tenant Pays
None: 1
Potential Terms
Cash: 1
Conventional: 1
Submit: 1
Other: CLA
Interior Amenities
Cement Slab: 1
Laundry Area: 1
Refrigerators: 1
Docs on File
Aerial Photo: 1
Legal Descrip.: 1
Exterior Amenities
Fenced: 1
Laundry Room: 1
Park/Playground: 1
Rec Center: 1
Sorage Units: 1
Flood Zone
A-100Yr: 1
Lot Street Imprvmnts
Paved Parking: 1
Paved Street: 1
Sidewalks: 1
Utilities
City Water: 1
Natural Gas: 1
Primary Meter: 1
Private Trash Co.: 1
Sewer: 1
Heating
Natural Gas: 1
Wall Furnace: 1
Cooling
None: 1
Management
On-Site Manager: 1
Owner/Family: 1
Construction
Frame - Wood: 1
Roof
Asphalt Shingle: 1
Currently Not Used
Approx SqFt: 6659
Property Features
To Show: Appt Only/CLO; Drive By/Don't Enter
Leases: Weekly
Owner Pays: All Utilities; Common Area Maintenance; Grounds Care; Insurance; Internet; Pest Control; Roof Maintenance; Sewer; Snow Removal; Taxes; Trash Collection; Exterior Maintenance; Repairs
Tenant Pays: None
Pets: Cats OK; Dogs OK
Potential Terms: Cash; Conventional; Submit
Interior Amenities: Cement Slab; Laundry Area; Refrigerators
Exterior Amenities: Fenced; Laundry Room; Park/Playground; Rec Center; Sorage Units
Docs on File: Aerial Photo; Legal Descrip.
Lot Street Imprvmnts: Paved Parking; Paved Street; Sidewalks
Utilities: City Water; Natural Gas; Primary Meter; Private Trash Co.; Sewer
Heating: Natural Gas; Wall Furnace
Cooling: None
Construction: Frame - Wood
Roof: Asphalt Shingle
Flood Zone: A-100Yr
Management: On-Site Manager; Owner/Family
Supplements
sober living, transitional housing, boutique hospitality, or a hybrid investment model. Large multi-unit properties with this kind of footprint almost never come available in Flagstaff.
For the investor looking for a pretty turnkey property, this probably isn't your deal. For the investor looking for upside, forced appreciation, and long-term potential in a supply-constrained market, this one deserves a serious look.
IDX
Listing Office: Realty One Group, Mountain Desert
Last Updated: April - 29 - 2026
Copyright 2021 Northern Arizona Association of Realtors®. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.