1221 E 3rd Street, Winslow, AZ 86047 (MLS# 200996)

1221 E 3rd Street, Winslow, AZ 86047

$1,395,000
Property Type: Comm/Industry Square Footage: 10,408 Lot Size (sq. ft.): 23,087 Status: Active
Current Price: $1,395,000 List Date: 6/05/2025 Last Modified: 7/14/2026

Overview

Description

College View Apartments is a 25-unit multifamily investment spanning two contiguous buildings across two parcels in the heart of Winslow, Arizona. The property is fully occupied, with documented rent growth: Gross Scheduled Income rose from 194,100 to 243,900 during 2025, and current market rent analysis shows room to grow further toward 280,500 annually. Recent capital improvements include new gas water heaters, updated electrical panels and conduit, and unit-level upgrades completed at turnover -- laminate flooring, new appliances, and cabinetry. Full financials, including 2025 operating statements and normalized adjustments, available upon request.

Listing Details MLS# 200996

Location, Tax & Legal

County
Navajo
Area
20 - Winslow
Street #
1221
Direction
E
Street Name
3rd
Suffix
Street
City/Town Code
Winslow
State/Province
AZ
Zip Code
86047

Contract Info

Public Marketing Date
2025-06-01
List Price/SqFt
134.03
For Lease YN
No
Owner/Agent
No
Property Sub-Type
Other/Misc

Key Words

Sale/Rent Description
Sale
Net Op Inc
$60,000 - 79,999
Cap Rate
1 - 7.9%
Down Payment
Submit
Imprv Sz (Gross SF)
5,000 - 11,999
#Tenants/Units
20 - 49
Land Size
.5 - .9 AC
Trade/Exchange
Not Applicable

General Property Description

Acres
0.53
Year Built
1962
Approx SqFt
10408

Flood Zone

Other
Zone x

More Information

Property Features

To Show: Drive By/Don't Enter Terms of Sale: Submit Leases: Month To Month Docs on File: Current P & L; Leases Interior Amenities: Laundry Occupancy: Totally Leased Management: Manager Construction: Two Story Roof: Flat Heating: Electric; Natural Gas Cooling: Multi Units Utilities: Cable Available; City Water; Electricity Available; Natural Gas; Phone Available; Sewer Location: Corner Lot; Freestanding Freeway Turn Time: 5-9 Min Possession: COE +
IDX
Listing Office: Linton Real Estate
Source MLS Verified
Last Updated: July - 14 - 2026
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