$1,395,000
Winslow, AZ 86047
MLS# 201628
5984 sqft
1 / 35
Property Description
College View Apartments is a 25-unit multifamily investment spanning two contiguous buildings across two parcels in the heart of Winslow, Arizona. The property is fully occupied, with documented rent growth: Gross Scheduled Income rose from 194,100 to 243,900 during 2025, and current market rent analysis shows room to grow further toward 280,500 annually. Recent capital improvements include new gas water heaters, updated electrical panels and conduit, and unit-level upgrades completed at turnover -- laminate flooring, new appliances, and cabinetry. Full financials, including 2025 operating statements and normalized adjustments, available upon request.
Details
Maps
Documents
Contract Information
Owner/Agent: No
List Price/SqFt: 233.12
Short Term Rental Allowed (Y/N): No
Transaction Type: Sale
Status: Active
Public Marketing Date: 2025-07-01
Current Price: $1,395,000
List Price: $1,395,000
Property Sub-Type: Multi Family
Location, Tax & Legal
Region: 1 - Other Area
APN: 10334003b
Legal Description: TAYLOR ADDN:LOTS 1 & 2, BLOCK 2 OUT OF 103-34-003 FOR '98 ROLL
Zoned: C66
Taxes: 1561
Tax Year: 2024
County: Navajo
Area: 20 - Winslow
Street #: 1221
Direction: E
Street Name: 3rd
Suffix: Street
City/Town Code: Winslow
State/Province: AZ
Zip Code: 86047
Geo Lat: 35.019431
Geo Lon: -110.685628
General Property Description
Lot Dimensions: 100' x 230'
Year Built: 1962
Year Built Source: County
# of Units: 25
Key Words
Sale/Rent Description: For Sale
Net Op Inc: $100,000 - 149,999
Cap Rate: 1 - 7.9%
Vacancy %: 0%
Down Payment: Submit
Imprv Sz (Gross SF): 6,000 - 47,999
Land Size: .5 - .9 AC
# Units: 9 - 64
Remarks & Misc
Directions: From 1-40 and Park Drive, South on Park Drive to N Berry Ave, left on 2nd Street to Alder. There are 2 buildings, 1220 E 2nd Street, and 1221 E 3rd Street.
Inc/Exp (Annual)
Scheduled Income $: 197087
Vacancy Rate %: 0
+ Other Income: 2850
= Gross Op Income $: 199937
- Op Expenses $: 173961
= Net Op Income(NOI): 25976
Seller Prop Disc St: 1
Cap Rate %: 1.86
To Show
Appt Only/CLO: 1
Drive By/Don't Enter: 1
Leases
Month To Month: 1
Util incld in Rent
Cable TV: 1
Electicity: 1
Natural Gas: 1
Sewer: 1
Trash Collection: 1
Water: 1
Potential Terms
Cash: 1
Conventional: 1
Interior Amenities
Cement Slab: 1
Laundry Area: 1
Range/Ovens: 1
Refrigerators: 1
Smoke/Heat Det.: 1
Docs on File
Current P & L: 1
Exterior Amenities
Laundry Room: 1
Utilities
Cable Available: 1
City Water: 1
Electricity Available: 1
Natural Gas: 1
Phone Available: 1
Primary Meter: 1
Sewer: 1
Heating
Electric: 1
Natural Gas: 1
Cooling
Multi Units: 1
Management
On-Site Manager: 1
Construction
Frame - Wood: 1
Roof
Asphalt Shingle: 1
Currently Not Used
Approx SqFt: 5984
Property Features
To Show: Appt Only/CLO; Drive By/Don't Enter
Leases: Month To Month
Util incld in Rent: Cable TV; Electicity; Natural Gas; Sewer; Trash Collection; Water
Potential Terms: Cash; Conventional
Interior Amenities: Cement Slab; Laundry Area; Range/Ovens; Refrigerators; Smoke/Heat Det.
Exterior Amenities: Laundry Room
Docs on File: Current P & L
Utilities: Cable Available; City Water; Electricity Available; Natural Gas; Phone Available; Primary Meter; Sewer
Heating: Electric; Natural Gas
Cooling: Multi Units
Construction: Frame - Wood
Roof: Asphalt Shingle
Management: On-Site Manager
Parcel Map 
IDX
Listing Office: Linton Real Estate
Last Updated: July - 14 - 2026
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