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309 N Humphreys Street, Flagstaff, AZ 86001

$1,490,000

Property Type: Multi-Family Square Footage: 3,648 Status: Active

Current Price: $1,490,000 List Date: 8/06/2026 Last Modified: 8/11/2026

Overview

Description

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.

Supplements: 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 re ... (Read more)

Listing Details MLS# 205569

Location, Tax & Legal

County: Coconino
Area: 145 - Flagstaff Townsite
Street #: 309
Direction: N
Street Name: Humphreys
Suffix: Street
City/Town Code: Flagstaff
State/Province: AZ
Zip Code: 86001
Region: 10 - North West City
APN: 10009001e
Zip + 4: 4507
Cross Street: Cherry Ave
Legal Description: SUBDIVISION: FLAGSTAFF TOWNSITE BLOCK: 4B BEG SLY COR LOTS 3 & 4; TH N 68-57-01 W 2.00' TPOB; TH N 20-55-25 E 75.02'; TH
Zoned: CC
Taxes: 6991
Tax Year: 2025

Contract Information

Public Marketing Date: 2026-08-06
List Price/SqFt: 408.44
Owner/Agent: Yes
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: $50,000 - 99,999
Vacancy %: 1%
Cap Rate: 1 - 7.9%
Imprv Sz (Gross SF): 3,000 - 5,999
Land Size: 6,001 - 12,000 SF
# Units: 5 - 8
Down Payment: Submit

General Property Description

# of Units: 5
Year Built: 1943
Year Built Source: County
Lot Dimensions: Irreg approx 78' x 134'

Currently Not Used

Approx SqFt: 3648

Leases

Other: STR
1 Year +: Yes

More Information

Interior Amenities

Other: Portable A/C units
Basement: Yes
Carpet/Tile: Yes
Cement Slab: Yes
Dishwashers: Yes
Disposals: Yes
Duo-Pane Wind.: Yes
Laundry Area: Yes
Range/Ovens: Yes
Refrigerators: Yes
Smoke/Heat Det.: Yes
Wood Floors: Yes

Flood Zone

Other: AE & X

Remarks & Misc

Directions: Route 66, North on Humphreys St to the NW corner of Humphreys St and Cherry Ave

Inc/Exp (Annual)

Scheduled Income $: 105900
- Vacancy $: 1059
Vacancy Rate %: 1
= Gross Op Income $: 104841
- Op Expenses $: 28614
= Net Op Income(NOI): 76227
Seller Prop Disc St: Yes
Cap Rate %: 5.2

Exis Fee/Docs

Free & Clear: Yes

To Show

Appt Only/CLO: Yes
No Sign on Prop: Yes

Owner Pays

All Utilities: Yes
Electricity: Yes
Gardener: Yes
Gas: Yes
Grounds Care: Yes
Hot Water: Yes
HVAC Maintenance: Yes
Insurance: Yes
Sewer: Yes
Snow Removal: Yes
Taxes: Yes
Trash Collection: Yes
Water: Yes
Exterior Maintenance: Yes
Repairs: Yes

Tenant Pays

Internet: Yes
See Remarks: Yes

Util incld in Rent

Electicity: Yes
Natural Gas: Yes
Sewer: Yes
Snow Removal: Yes
Trash Collection: Yes
Water: Yes

Potential Terms

Cash: Yes
Conventional: Yes
OMC 1st: Yes

Docs on File

Aerial Photo: Yes
Leases: Yes
Legal Descrip.: Yes
Security Dpsts: Yes

Exterior Amenities

Deck/Belcony: Yes
Landscaped: Yes
Porch/Patio: Yes
RV Access/Parking: Yes

Lot Street Imprvmnts

Alley: Yes
Curb/Gutters: Yes
Paved Parking: Yes
Paved Street: Yes
Sidewalks: Yes
Street Parking: Yes

Utilities

Cable Available: Yes
City Water: Yes
Electricity Available: Yes
Natural Gas: Yes
Primary Meter: Yes
Sewer: Yes

Heating

Natural Gas: Yes

Cooling

Other: Yes

Management

Owner/Family: Yes

Construction

Frame - Wood: Yes

Roof

Asphalt Shingle: Yes
Rolled: Yes

Property Features

To Show: Appt Only/CLO; No Sign on Prop Leases: 1 Year + Owner Pays: All Utilities; Electricity; Gardener; Gas; Grounds Care; Hot Water; HVAC Maintenance; Insurance; Sewer; Snow Removal; Taxes; Trash Collection; Water; Exterior Maintenance; Repairs Tenant Pays: Internet; See Remarks Util incld in Rent: Electicity; Natural Gas; Sewer; Snow Removal; Trash Collection; Water Potential Terms: Cash; Conventional; OMC 1st Interior Amenities: Basement; Carpet/Tile; Cement Slab; Dishwashers; Disposals; Duo-Pane Wind.; Laundry Area; Range/Ovens; Refrigerators; Smoke/Heat Det.; Wood Floors Exterior Amenities: Deck/Belcony; Landscaped; Porch/Patio; RV Access/Parking Docs on File: Aerial Photo; Leases; Legal Descrip.; Security Dpsts Lot Street Imprvmnts: Alley; Curb/Gutters; Paved Parking; Paved Street; Sidewalks; Street Parking Utilities: Cable Available; City Water; Electricity Available; Natural Gas; Primary Meter; Sewer Heating: Natural Gas Cooling: Other Construction: Frame - Wood Roof: Asphalt Shingle; Rolled Management: Owner/Family

IDX

Listing Office: Linton Real Estate

Last Updated: August - 11 - 2026

309 N Humphreys Street, Flagstaff, AZ 86001 (MLS# 205569)