309 N Humphreys Street, Flagstaff, AZ 86001 (MLS# 205589)

309 N Humphreys Street, Flagstaff, AZ 86001

$1,490,000
Property Type: Comm/Industry Square Footage: 3,648 Lot Size (sq. ft.): 10,890 Status: Active
Current Price: $1,490,000 List Date: 8/07/2026 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 ...

Listing Details MLS# 205589

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 Info

Public Marketing Date
2026-08-07
List Price/SqFt
408.44
For Lease YN
No
Owner/Agent
Yes
Property Sub-Type
Other/Misc

Key Words

Sale/Rent Description
For Sale
Net Op Inc
$60,000 - 79,999
Cap Rate
1 - 7.9%
Down Payment
Submit
Imprv Sz (Gross SF)
2,000 - 4,999
#Tenants/Units
5 - 9
Land Size
0 - .4 AC
Trade/Exchange
Not Applicable

General Property Description

Dimensions
Irreg approx 78' x 134'
Acres
0.25
Ground Lease YN
No
Year Built
1943
Approx SqFt
3648
Short Term Rental Allowed (Y/N)
Yes

To Show

Other
Call Owner/Agent
No Sign on Prop.
Yes

Leases

Other
STR
Month To Month
Yes
12+ Months
Yes

More Information

Util Pd by Tenant

Other
Internet

Flood Zone

Other
AE & X

Interior Amenities

Other
Portable A/C units
Basement
Yes
Duo-Pane Win.
Yes
Fire Alarm Sys.
Yes
Laundry
Yes
Living Qtrs.
Yes

Location

Corner Lot
Yes
Downtown
Yes
Freestanding
Yes

Remarks & Misc

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

Inc/Exp (Annual)

Grs Op Inc $
105900
- Op Exp $
28614
= Net Op Inc $
76227
Seller Prop Disc St
Yes

Exis Fee/Docs

Free & Clear
Yes

Possession

See Remarks
Yes

Terms of Sale

1031 Exchange
Yes
Cash
Yes
OMC w/Balloon
Yes
Refinance
Yes

Docs on File

Aerial Photo
Yes
Leases
Yes
Legal Descrip.
Yes

Exterior Amenities

Landscaped
Yes

Lot Street Imprvmnts

Alley
Yes
Curbs
Yes
Paved Parking
Yes
Sidewalks
Yes
St-Blacktop
Yes

Utilities

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

Occupancy

Totally Leased
Yes

Heating

Natural Gas
Yes
Other
Yes

Cooling

Other
Yes

Management

Owner
Yes

Construction

Stucco
Yes
Two Story
Yes
Frame
Yes
Wired to Code
Yes

Roof

Asphalt Shingle
Yes
Pitched
Yes

Freeway Turn Time

5-9 Min
Yes

Property Features

To Show: No Sign on Prop. Terms of Sale: 1031 Exchange; Cash; OMC w/Balloon; Refinance Leases: Month To Month; 12+ Months Docs on File: Aerial Photo; Leases; Legal Descrip. Interior Amenities: Basement; Duo-Pane Win.; Fire Alarm Sys.; Laundry; Living Qtrs. Exterior Amenities: Landscaped Occupancy: Totally Leased Management: Owner Construction: Two Story; Frame; Stucco; Wired to Code Roof: Asphalt Shingle; Pitched Heating: Natural Gas; Other; Other Cooling: Other Utilities: Cable Available; City Water; Electricity Available; Natural Gas; Phone Available; Primary Meter; Sewer Lot Street Imprvmnts: Alley; Curbs; Paved Parking; Sidewalks; St-Blacktop Location: Corner Lot; Downtown; Freestanding Freeway Turn Time: 5-9 Min Possession: See Remarks
IDX
Listing Office: Linton Real Estate
Source MLS Verified
Last Updated: August - 11 - 2026
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