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3325 E Lockett Road, Flagstaff, AZ 86004

$3,750,000

Property Type: Multi-Family Square Footage: 19,639 Status: Closed

Current Price: $3,750,000 List Date: 7/30/2025 Last Modified: 12/11/2025

Overview

Description

Exceptional investment opportunity in Flagstaff's premier rental corridor! This fully stabilized 19,639 SF multifamily property at 3325-3395 E Lockett Rd spans four well-maintained buildings with a dynamic unit mix of 3/2, 2/2, 2/1, 1/1 units. Each one boasts a private single-car garage and carport— a rare find in the Flagstaff market. Built in 1995 and recently repainted, the property is professionally managed, 100 occupied, and offers three on-site laundry facilities plus 11 surface parking spaces. Zoned High Density Residential, it provides both reliable income and future redevelopment potential. Across from Thomas Elementary and steps from Bushmaster Park, this prime location ensures strong tenant appeal. With under-market rents and unmatched amenities.

Listing Details MLS# 201620

Location, Tax & Legal

County: Coconino
Area: 432 - Mt. Elden Foothill
Street #: 3325
Direction: E
Street Name: Lockett
Suffix: Road
City/Town Code: Flagstaff
State/Province: AZ
Zip Code: 86004

Contract Information

Public Marketing Date: 2025-07-17
List Price/SqFt: 190.94
Owner/Agent: No
Property Sub-Type: Multi Family
Transaction Type: Sale
Short Term Rental Allowed (Y/N): No

Key Words

Sale/Rent Description: For Sale
Net Op Inc: CLO
Vacancy %: 0%
Cap Rate: 1 - 7.9%
Imprv Sz (Gross SF): 6,000 - 47,999
Land Size: 1 - 1.9 AC
# Units: 9 - 64
Down Payment: Submit

General Property Description

# of Units: 18
Year Built: 1995
Year Built Source: County

Status Change Info

Sold Date: 2025-10-27
Sold Price/SqFt: 190.94
Financing: Conventional

Currently Not Used

Approx SqFt: 19639

More Information

IDX

Listing Office: da Vinci Realty

Last Updated: December - 11 - 2025