$1,200,000
Flagstaff, AZ 86001
MLS# 203103
5 beds | 3 baths | 2470 sqft
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Property Description
**2 UNIT SINGLE FAMILY RESIDENCE** CROSS POSTED UNDER MULTIFAMILY (203002) Discover an exceptional income-producing opportunity at 1 E Terrace Ave, Units 1 & 2-Where versatility, comfort, and location come together in one remarkable property. Perfect for owner-occupants or investors, this rare duplex allows you to live in one spacious unit while generating income from the other. Both residences are thoughtfully designed with full kitchens, in-unit washer and dryer sets, and their own private 1-car garages—a true luxury in Flagstaff. Each unit also features its own private backyard, offering outdoor space that's ideal for relaxing, entertaining, or enjoying Flagstaff's four beautiful seasons.
Details
Maps
Contract Information
Status: Active
Listing Agreement Date: 2026-01-05
List Price: $1,200,000
Current Price: $1,200,000
List Price/SqFt: 485.83
Owner/Agent: No
Property Sub-Type: Single Family Residence
Land Lease: No
Transaction Type: Sale
New Construction: No
Short Term Rental Allowed (Y/N): Yes
Agent License Number: SA660892000
Firm License Number: LC654107001
Location Tax Legal
County: Coconino
Area: 140 - Pinecrest/Cherry Hill
Street #: 1
Direction: E
Street Name: Terrace
Suffix: Avenue
City/Town Code: Flagstaff
State/Province: AZ
Zip Code: 86001
Geo Lat: 35.196119
Geo Lon: -111.64246
General Property Description
Vegetation: Other
Terrain: Level
# Bedrooms: 5
# Bathrooms: 3
Approx SqFt: 2470
Source of SqFt: County
Year Built: 2003
Year Built Source: County
Lot Acres: 0.15
Approx Lot SqFt: 6389
Separate Guest House: No
To Show
Other: Showing Time
Family Room Features
Other: steam 3D fireplace
Location
Other: Downtown
Garage Type
Garage Capacity: 2
Property Features
Possession: At COE
Seller's Option: Cash; Conventional
Living Room Features: None
Kitchen Features: Breakfast Bar; Dishwasher; Disposal; Electric Range; Microwave; Pantry; Refrigerator
Primary Bedroom: PBr Main; Shower; Tub/Shower Combo; Dual Sink
Laundry: In Hall; Separate Room; Washer/Dryer
Floor Coverings: Carpet; Vinyl
Dining Room Features: Kit/DR Combo
Other Rooms: In-Law Quarters
Fireplace: None
Heating: Natural Gas
Cooling: Ceiling Fan(s)
Plumbing: Gas Water Heater
Utilities Available: Electricity Available; Natural Gas; Public Sewer
Water Source: Public
Style: Multi-Level
Exterior: Wood Siding
Construction: Frame-Wood
Windows: Double Pane Windows
Roof: Asphalt Shingle
Foundation: Slab
Garage Type: Attached
Roads: Paved
Views: Panoramic
Fencing: Perimeter
Exterior Amenities: Dogs/Cats OK; Drip System; Landscaped
Supplements
Located just seconds from downtown, you'll enjoy the convenience of city living while still being tucked into your own private setting. From the balcony, take in sweeping views overlooking Flagstaff's natural beauty, a daily reminder of why this area is so sought after. Inside, each unit offers its own unique character. One features a newly added rock wall with a 3D fireplace, creating a stunning focal point and a warm, inviting atmosphere. The other showcases a custom Flagstaff mural wall, adding artistic charm and a sense of place that guests and tenants will love. With ample parking, spacious interiors, and thoughtful upgrades, this property is perfectly positioned for long-term rental, short-term rental, or multigenerational living. Whether you're looking to offset your mortgage or expand your investment portfolio, 1 E Terrace Ave delivers flexibility and financial potential without compromising comfort or style. A rare find in an unbeatable location, schedule a tour today!
Listing Office: Realty One Group, Mountain Desert
Last Updated: January - 21 - 2026
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