$989,000
Flagstaff, AZ 86004
MLS# 6974381
1 / 6
Property Description
Amazing location directly across from Coconino High School in the heart of Flagstaff. This fourplex features four 2-bedroom, 1-bath units with functional layouts, private entrances, and dedicated parking. Single-story construction with a metal roof and low maintenance, the outside of the building has been completely remodeled. All units are on month-to-month leases with current rents below market value and Stabilized at $1,700-$1,800 per unit, Area market rents range $1900 - $2100 creating a clear value-add opportunity through rent optimization and light improvements. Minutes from downtown, shopping, dining, and transit. Rare in-town multifamily asset with strong demand and upside in a supply constrained Northern Arizona market.
Details
Maps
Contract Info
Ownership: Fee Simple
Current Price: $989,000
List Price: $989,000
Status: Active
List Date: 2026-01-25
Location, Tax & Legal
Assessor's Map #: 10
Legal Description (Abbrev): SIXTEENTH: NW QUARTER: SE SECTION: 11 TOWNSHIP: 21N RANGE: 07E COM. S4 COR; TH N 0D46M24S W 1498.57F
Assessor's Parcel #: 5
Assessor Parcel Ltr: D
Add'l Parcels: No
Tax Municipality: Coconino - COUNTY
Census Tract: 300
Taxes: 2615
Legal: SIXTEENTH: NW QUARTER: SE SECTION: 11 TOWNSHIP: 21N RANGE: 07E COM. S4 COR; TH N 0D46M24S W 1498.57F
Marketing Name: Brannen Addition
House Number: 2714
Compass: N
Street Name: IZABEL
St Suffix: Street
City/Town Code: Flagstaff
State/Province: AZ
Zip Code: 86004
Zip4: 3408
County Code: Coconino
Assessor Number: 109-10-005-D
Tax Year: 2025
General Property Description
# of Buildings: 1
Uncvrd Parking Spcs: 8
Lot Size Dimensions: 11,921
Total # of Units: 4
Elementary School District: Flagstaff Unified District
High School District: Flagstaff Unified District
Year Built: 1985
Zoning: Multifamily
Legal Info
Range: 07E
Section: 11
Township: 21N
Lot Number: n/a
Project Type
Four Plex: 1
Construction
Wood Frame: 1
Const - Finish
Wood Siding: 1
Roofing
Metal: 1
Floors
Laminate: 1
Tile: 1
Carpet: 1
Sale Includes
Land & Building: 1
Income & Expenses
Annual Wtr/Swr Exp: 3960
Owner Association: No
Annual Ownr Asoc Fee: 0
Annual Other Expense: 3297
Operating Exp: 9872
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 85200
Total Monthly Rental Income: 7100
Pmt & Rate Info
Cap Rate: 7.62
Equity: 989000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Showing Notification Methods
Showing Service: Aligned Showings
Text: 1
Phone Call: 1
Lockbox Type
None: 1
Community Features
No Pool: 1
Heating
Natural Gas: 1
Other: 1
Cooling
Other: 1
Exterior Amenities
Rain Gutters: 1
Tenant Pays
Gas: 1
Electricity: 1
Appliances Included
W/D Hookup: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Owner: 1
Projected Proforma: 1
Road Responsibility
City Maintained Road: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
>1 Space Per Unit: 1
Off Street: 1
Electric
APS: 1
Gas
Other (See Remarks): 1
Owner Pays
Water: 1
Sewer: 1
Trash Collection: 1
New Financing
Cash: 1
VA: 1
Conventional: 1
FHA: 1
1031 Exchange: 1
Affordable Housing: 1
Existing 1st Loan
Treat as Free&Clear: 1
Reports/Disclosures
None: 1
Environmental
None: 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
Avg Rent: 0
2 Bedroom Units
# 2 Bedroom Units: 4
Avg Rent: 1750
Avg SqFt: 775
# Baths: 1
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
Remarks Misc
Cross Street: Izabel St & E Felice Ave
Geo Lat: 35.215007
Geo Lon: -111.622265
Income Expenses
Gross Annual Sch Inc: 85200
Net Operating Income: 75328
Property Features
Project Type: Four Plex
Construction: Wood Frame
Const - Finish: Wood Siding
Roofing: Metal
Floors: Laminate; Tile; Carpet
Sale Includes: Land & Building
Community Features: No Pool
Exterior Amenities: Rain Gutters
Appliances Included: W/D Hookup
Heating: Natural Gas; Other
Cooling: Other
Water Source: City Franchise
Sewer: Sewer - Public
Electric: APS
Gas: Other (See Remarks)
Parking Features: >1 Space Per Unit; Off Street
Road Surface Type: Asphalt
Road Responsibility: City Maintained Road
Owner Pays: Water; Trash Collection
Tenant Pays: Electricity; Gas
Source of Fincl Data: Owner; Projected Proforma
Showing Notification Methods: Text; Phone Call
Lockbox Type: None
Existing 1st Loan: Treat as Free&Clear
New Financing: Cash; VA; FHA; Conventional; 1031 Exchange; Affordable Housing
Environmental: None
Listing Office: Pulse Realty & Associates
Last Updated: January - 27 - 2026
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