$1,100,000
403 S Wc Riles Street
Flagstaff, AZ 86001
MLS# 205951
1994 sqft


First unit living area
  1 / 35  
First unit living area Fully updated kitchen Open concept living and kitchen Living area with wood burning stove Large kitchen island High end upgrades Plenty of kitchen storage Dining area Half bathroom Laundry 403-wc-riles-011 Bedroom Bathroom Bedroom Bedroom Bathroom Second unit living area 403-wc-riles-021 Kitchen with lots of natural light Kitchen - Loft Gas fireplace - Loft Loft bedroom area Loft bedroom area Bathroom - Loft Outdoor deck space for second unit Outdoor deck space - Loft Rear view of property Plenty of outdoor space Jacuzzi Exterior of property Low maintenance and manicured yard Front porch of proprety Front view of property Aerial view of property Street view of property

Property Description
This fully remodeled Southside Flagstaff duplex presents a compelling investment opportunity in one of the city's most desirable, walkable rental locations, less than two blocks from Northern Arizona University and close to downtown Flagstaff's dining, shopping, trails, and year-round recreation.

Details
Contract Information
Status: Active
Public Marketing Date: 2026-09-10
Current Price: $1,100,000
List Price: $1,100,000
List Price/SqFt: 551.65
Owner/Agent: No
Property Sub-Type: Duplex
Transaction Type: Sale
Short Term Rental Allowed (Y/N): Yes
Location, Tax & Legal
County: Coconino
Area: 299 - Other SouthWest City
Street #: 403
Direction: S
Street Name: Wc Riles
Suffix: Street
City/Town Code: Flagstaff
State/Province: AZ
Zip Code: 86001
Geo Lat: 35.192301
Geo Lon: -111.649451
General Property Description
Year Built: 2007
Year Built Source: County
Key Words
Sale/Rent Description: For Sale
Net Op Inc: $100,000 - 149,999
Vacancy %: 5% - 9.9%
Cap Rate: 8 - 8.9%
Imprv Sz (Gross SF): 1,500 - 2,999
Land Size: 6,001 - 12,000 SF
# Units: 2
Down Payment: Submit
Currently Not Used
Approx SqFt: 1994
Property Features
To Show: Appt Only/CLO; No Sign on Prop
Potential Terms: Cash; Conventional
Interior Amenities: Dishwashers; Disposals; Fireplaces/WBS; Laundry Area; Range/Ovens; Refrigerators; Wood Floors
Exterior Amenities: Deck/Belcony; Fenced; Garages; Jac/Spa/Hot Tub; Landscaped; Porch/Patio; Sorage Units; Sprinkler System
Docs on File: Aerial Photo; Current P & L; Legal Descrip.
Lot Street Imprvmnts: Paved Street
Utilities: City Water; Electricity Available; Natural Gas; Sewer
Heating: Central
Cooling: Central Air
Construction: Frame - Wood
Roof: Asphalt Shingle
Supplements
Set on a spacious corner lot, the property offers two distinct income-producing residences: a primary 3-bedroom, 2.5-bath home with a single-car garage, inviting front porch, private backyard access, and flexible space for owner occupancy or premium rental use; plus a separate 1-bedroom, 1-bath loft-style unit featuring open-concept living and a farmhouse-inspired kitchen. The recently completed remodel elevates the property's appeal for modern long-term tenants, university-adjacent renters, visiting professionals, and short-term guests. A spacious backyard with a spa creates an inviting outdoor amenity for relaxing, entertaining, and enhancing the guest experience--an especially valuable feature for Flagstaff's four-season vacation-rental market. Currently operating as a highly rated Airbnb, the property offers buyers a proven hospitality-oriented setup and the flexibility to continue short-term rentals, pursue a house-hack strategy, lease both units long term, or implement a hybrid rental plan aligned with their investment goals. Properties that combine a renovated two-unit layout, outdoor space, a spa, garage parking, and proximity to both NAU and downtown are increasingly difficult to find in Flagstaff's high-demand Southside market. Short-term-rental performance, occupancy, revenue, and licensing should be independently verified by buyers.

IDX
Listing Office: Real Broker AZ
Source MLS Verified

Last Updated: September - 11 - 2026

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