1 E Terrace Avenue 1&2, Flagstaff, AZ 86001 (MLS# 203002)

1 E Terrace Avenue 1&2, Flagstaff, AZ 86001

$1,200,000
Property Type: Multi-Family Square Footage: 2,470 Status: Active
Current Price: $1,200,000 List Date: 1/07/2026 Last Modified: 8/31/2026

Overview

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.

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 mu ...

Listing Details MLS# 203002

Location, Tax & Legal

County
Coconino
Area
140 - Pinecrest/Cherry Hill
Street #
Yes
Direction
E
Street Name
Terrace
Suffix
Avenue
City/Town Code
Flagstaff
State/Province
AZ
Zip Code
86001

Contract Information

Public Marketing Date
2026-01-05
List Price/SqFt
485.82
Owner/Agent
No
Property Sub-Type
Multi Family
Transaction Type
Sale
Short Term Rental Allowed (Y/N)
Yes

Key Words

Sale/Rent Description
For Sale
Net Op Inc
$0 - 4,999
Vacancy %
0%
Cap Rate
1 - 7.9%
Imprv Sz (Gross SF)
1,500 - 2,999
Land Size
6,001 - 12,000 SF
# Units
2
Down Payment
Submit

General Property Description

# of Units
2
Year Built
2003
Year Built Source
County
Lot Dimensions
129.46x29.52x123.19x48.74

Currently Not Used

Approx SqFt
2470

To Show

Other
Showing Time

More Information

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.
IDX
Listing Office: Realty One Group, Mountain Desert
Source MLS Verified
Last Updated: August - 31 - 2026
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