Log In/Sign Up
Your email has been sent.
309 N Humphreys St 5 Unit Apartment Building $1,490,000 ($298,000/Unit) 5.12% Cap Rate Flagstaff, AZ 86001
Investment Highlights
- Community Commercial zoning
- A huge paved parking lot provides ample parking in the center of town.
- Discover this updated income property located on a high-profile corner lot in the heart of Historic Downtown Flagstaff.
Executive Summary
Discover a rare investment opportunity in the heart of Historic Downtown Flagstaff. The iconic circa 1906 Lindemann House occupies a high-profile corner lot and includes an expansive paved parking lot--an exceptional amenity in downtown Flagstaff. Rich in history, character, and income potential, this unique property offers flexibility for investors, business owners, or those seeking a mixed-use opportunity. The property features five residential units, including two 2-bedroom, 1-bath apartments, two 1-bedroom, 1-bath apartments, and one studio apartment. Currently operated with a combination of short- and long-term rentals, all units are transitioning to long-term rentals, providing stable income with additional upside potential. SELLER FINANCING is available to qualified Buyers, and the Seller prefers a Seller Financed sale.
Flagstaff's desirable Community Commercial (CC) zoning allows for a wide variety of commercial and residential uses. Over the years, the property has successfully housed a retail running store, hair salon, attorney's office, engineering office, and residential apartments, creating exceptional flexibility for future ownership.
The oversized paved parking lot provides abundant off-street parking--an increasingly valuable asset in Historic Downtown Flagstaff. Whether you continue its successful income-producing history, establish your own business, redevelop the site within zoning allowances, or create a unique live/work environment, the possibilities are extensive.
This is a one-of-a-kind historic downtown property offering character, strong income potential, outstanding visibility, abundant parking, flexible zoning, and exceptional long-term investment value.
Owner/Agent.
Flagstaff's desirable Community Commercial (CC) zoning allows for a wide variety of commercial and residential uses. Over the years, the property has successfully housed a retail running store, hair salon, attorney's office, engineering office, and residential apartments, creating exceptional flexibility for future ownership.
The oversized paved parking lot provides abundant off-street parking--an increasingly valuable asset in Historic Downtown Flagstaff. Whether you continue its successful income-producing history, establish your own business, redevelop the site within zoning allowances, or create a unique live/work environment, the possibilities are extensive.
This is a one-of-a-kind historic downtown property offering character, strong income potential, outstanding visibility, abundant parking, flexible zoning, and exceptional long-term investment value.
Owner/Agent.
Property Facts
| Price | $1,490,000 | Apartment Style | Low-Rise |
| Price Per Unit | $298,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.25 AC |
| Cap Rate | 5.12% | Building Size | 3,648 SF |
| No. Units | 5 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1943 |
| Property Subtype | Apartment | Parking Ratio | 3.56/1,000 SF |
| Zoning | CC - Community Commercial | ||
| Price | $1,490,000 |
| Price Per Unit | $298,000 |
| Sale Type | Investment |
| Cap Rate | 5.12% |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.25 AC |
| Building Size | 3,648 SF |
| No. Stories | 2 |
| Year Built | 1943 |
| Parking Ratio | 3.56/1,000 SF |
| Zoning | CC - Community Commercial |
Amenities
Site Amenities
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | - | - |
| 2+1 | 2 | - | - |
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 100-09-001E | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $166,794 |
Property Taxes
Parcel Number
100-09-001E
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$166,794
1 of 48
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
