309 N HUMPHREYS Street, Flagstaff, AZ 86001 (MLS# 7065265)

309 N HUMPHREYS Street, Flagstaff, AZ 86001

$1,490,000

Property Type: Multiple Dwellings Bedrooms: 7 Baths: 5 Status: Active

Current Price: $1,490,000 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# 7065265

Location, Tax & Legal

House Number: 309
Compass: N
Street Name: HUMPHREYS
St Suffix: Street
City/Town Code: Flagstaff
State/Province: AZ
Zip Code: 86001
Zip4: 4533
Country: US
County Code: Coconino
Subdivision: FLAGSTAFF TOWNSITE
Assessor Number: 100-09-001-E
Tax Year: 2025
Assessor's Map #: 9
Legal Description (Abbrev): SUBDIVISION: FLAGSTAFF TOWNSITE BLOCK: 4B BEG SLY COR LOTS 3 & 4; TH N 68-57-01 W 2.00' TPOB; TH N 2
Assessor's Parcel #: 1
Assessor Parcel Ltr: E
Add'l Parcels: No
Tax Municipality: Flagstaff
Census Tract: 1200
Taxes: 6991
Legal: SUBDIVISION: FLAGSTAFF TOWNSITE BLOCK: 4B BEG SLY COR LOTS 3 & 4; TH N 68-57-01 W 2.00' TPOB (Legal to follow in escrow)
Marketing Name: Flagstaff Townsite

Contract Info

Ownership: Fee Simple

General Property Description

Lot Size Dimensions: Irregular approx 78'x134'
Year Built: 1943
Uncvrd Parking Spcs: 12
Total # of Units: 5
# of Buildings: Yes
Zoning: CC
Flood Zone: Yes
Elementary School District: Flagstaff Unified District
High School District: Flagstaff Unified District
Elementary School: Eva Marshall Elementary School
Jr. High School: Mount Elden Middle School

Remarks Misc

Cross Street: Cherry Ave
Directions: Route 66, north on Humphreys. NW corner of Humphreys St and Cherry Ave.

Legal Info

Lot Number: 3 & 4

Efficiency Units

# Efficiency Units: Yes
Avg Rent: 1200
Avg SqFt: 500
# Baths: Yes

More Information

1 Bedroom Units

# 1 Bedroom Units: 2
Avg Rent: 1650
Avg SqFt: 675
# Baths: Yes

2 Bedroom Units

# 2 Bedroom Units: 2
Avg Rent: 2150
Avg SqFt: 900
# Baths: Yes

Structure

Bedrooms Total: 7
Bathrooms Total: 5

Income Expenses

Gross Annual Sch Inc: 105900
Net Operating Income: 76227

Showing Notification Methods

Showing Service: Aligned Showings
Text: Yes
Phone Call: Yes

Project Type

5 - 12 Units: Yes

3 Bedrooms Units

Avg Rent: 0

4 Bedrooms Units

Avg Rent: 0

Other Type

Other (See Remarks): Yes

Construction

Wood Frame: Yes

Const - Finish

Stucco: Yes

Roofing

Composition: Yes
Rolled: Yes

Floors

Tile: Yes
Vinyl: Yes
Wood: Yes
Carpet: Yes

Sale Includes

Land & Building: Yes
Personal Property: Yes

Income & Expenses

Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 6991
Other Income: 0
Vacancy Allowance: 0.01
Adjusted Gross Inc: 104841
Total Monthly Rental Income: 8825

Pmt & Rate Info

Cap Rate: 5.12
Equity: 1490000
Down Payment %: 0.15
Monthly Payments: 0
Total Owed: 0

Lockbox Type

See Private Remarks: Yes

Community Features

No Pool: Yes
See Remarks: Yes

Heating

Hot Water: Yes
Natural Gas: Yes

Cooling

Ceiling Fan(s): Yes
Window/Wall Unit: Yes
2 or More Units: Yes
Other: Yes
See Remarks: Yes

Exterior Amenities

Partially Fenced: Yes
Curb(s) & Gutter(s): Yes
Cable TV Available: Yes
Sidewalk(s): Yes
Patio/Balcony: Yes
Pet Restrictions: Yes
Separate Storage: Yes
Other (See Remarks): Yes

Interior Features

Furnished: Yes
Unfurnished: Yes
Fire/Smoke Alarm(s): Yes
Mini Blinds: Yes
Drapes: Yes
Basement: Yes
Other (See Remarks): Yes

Tenant Pays

Other (See Remarks): Yes

Appliances Included

Dishwasher: Yes
Free-Standing Gas Oven: Yes
Microwave: Yes
Refrigerator: Yes
Washer/Dryer: Yes
W/D Hookup: Yes
See Remarks: Yes

Road Access Type

City Street: Yes

Road Surface Type

Asphalt: Yes

Source of Fincl Data

Owner: Yes
Tax Return: Yes

Road Responsibility

City Maintained Road: Yes

Water Source

City Franchise: Yes
Master Meter: Yes

Sewer

Sewer - Public: Yes

Parking Features

Paved: Yes
Assigned: Yes
RV Access/Parking: Yes
Off Street: Yes

Electric

APS: Yes

Gas

Unisource: Yes

Owner Pays

Water: Yes
Sewer: Yes
Electric: Yes
Gas: Yes
Trash Collection: Yes
Landscaping: Yes
See Remarks: Yes

New Financing

Cash: Yes
Cash to Loan: Yes
Conventional: Yes
Owner May Carry: Yes
1031 Exchange: Yes

Special

Owner/Agent: Yes

Existing 1st Loan

Treat as Free&Clear: Yes

Existing 1st Loan Type

Not Applicable: Yes

Reports/Disclosures

Seller Prop Disc Stm: Yes

Environmental

None: Yes

Property Features

Project Type: 5 - 12 Units Other Type: Other (See Remarks) Construction: Wood Frame Const - Finish: Stucco Roofing: Composition; Rolled Floors: Tile; Vinyl; Wood; Carpet Sale Includes: Land & Building; Personal Property Community Features: No Pool; See Remarks Exterior Amenities: Partially Fenced; Curb(s) & Gutter(s); Cable TV Available; Sidewalk(s); Patio/Balcony; Pet Restrictions; Separate Storage; Other (See Remarks) Interior Features: Furnished; Unfurnished; Fire/Smoke Alarm(s); Mini Blinds; Drapes; Basement; Other (See Remarks) Appliances Included: Free-Standing Gas Oven; Refrigerator; Dishwasher; Microwave; Washer/Dryer; W/D Hookup; See Remarks Heating: Hot Water; Natural Gas Cooling: Ceiling Fan(s); Window/Wall Unit; 2 or More Units; Other; See Remarks Water Source: City Franchise; Master Meter Sewer: Sewer - Public Electric: APS Gas: Unisource Parking Features: Assigned; RV Access/Parking; Paved; Off Street Road Access Type: City Street Road Surface Type: Asphalt Road Responsibility: City Maintained Road Owner Pays: Water; Electric; Gas; Trash Collection; Landscaping; See Remarks Tenant Pays: Other (See Remarks) Source of Fincl Data: Owner; Tax Return Special: Owner/Agent Showing Notification Methods: Text; Phone Call Lockbox Type: See Private Remarks Existing 1st Loan: Treat as Free&Clear Existing 1st Loan Type: Not Applicable New Financing: Cash; Cash to Loan; Conventional; Owner May Carry; 1031 Exchange Environmental: None

Listing Office: Linton Real Estate, LLC

Last Updated: August - 11 - 2026