309 N Humphreys Street, Flagstaff, AZ 86001 (MLS# 205569)

$1,490,000

309 N Humphreys Street
Flagstaff, AZ 86001
MLS# 205569
3648 sqft

1 / 50

Property 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.

Details

Maps

Contract Information

Owner/Agent: Yes

List Price/SqFt: 408.44

Short Term Rental Allowed (Y/N): Yes

Transaction Type: Sale

Status: Active

Public Marketing Date: 2026-08-06

Current Price: $1,490,000

List Price: $1,490,000

Property Sub-Type: Multi Family

Location, Tax & Legal

Region: 10 - North West City

APN: 10009001e

Zip + 4: 4507

Cross Street: Cherry Ave

Legal Description: SUBDIVISION: FLAGSTAFF TOWNSITE BLOCK: 4B BEG SLY COR LOTS 3 & 4; TH N 68-57-01 W 2.00' TPOB; TH N 20-55-25 E 75.02'; TH

Zoned: CC

Taxes: 6991

Tax Year: 2025

County: Coconino

Area: 145 - Flagstaff Townsite

Street #: 309

Direction: N

Street Name: Humphreys

Suffix: Street

City/Town Code: Flagstaff

State/Province: AZ

Zip Code: 86001

Geo Lat: 35.201345

Geo Lon: -111.650139

General Property Description

Lot Dimensions: Irreg approx 78' x 134'

Year Built: 1943

Year Built Source: County

# of Units: 5

Key Words

Sale/Rent Description: For Sale

Net Op Inc: $50,000 - 99,999

Cap Rate: 1 - 7.9%

Vacancy %: 1%

Down Payment: Submit

Imprv Sz (Gross SF): 3,000 - 5,999

Land Size: 6,001 - 12,000 SF

# Units: 5 - 8

Remarks & Misc

Directions: Route 66, North on Humphreys St to the NW corner of Humphreys St and Cherry Ave

Inc/Exp (Annual)

Scheduled Income $: 105900

- Vacancy $: 1059

Vacancy Rate %: 1

= Gross Op Income $: 104841

- Op Expenses $: 28614

= Net Op Income(NOI): 76227

Seller Prop Disc St: 1

Cap Rate %: 5.2

Exis Fee/Docs

Free & Clear: 1

To Show

Appt Only/CLO: 1

No Sign on Prop: 1

Leases

1 Year +: 1

Other: STR

Owner Pays

All Utilities: 1

Electricity: 1

Gardener: 1

Gas: 1

Grounds Care: 1

Hot Water: 1

HVAC Maintenance: 1

Insurance: 1

Sewer: 1

Snow Removal: 1

Taxes: 1

Trash Collection: 1

Water: 1

Exterior Maintenance: 1

Repairs: 1

Tenant Pays

Internet: 1

See Remarks: 1

Util incld in Rent

Electicity: 1

Natural Gas: 1

Sewer: 1

Snow Removal: 1

Trash Collection: 1

Water: 1

Potential Terms

Cash: 1

Conventional: 1

OMC 1st: 1

Interior Amenities

Basement: 1

Carpet/Tile: 1

Cement Slab: 1

Dishwashers: 1

Disposals: 1

Duo-Pane Wind.: 1

Laundry Area: 1

Range/Ovens: 1

Refrigerators: 1

Smoke/Heat Det.: 1

Wood Floors: 1

Other: Portable A/C units

Docs on File

Aerial Photo: 1

Leases: 1

Legal Descrip.: 1

Security Dpsts: 1

Exterior Amenities

Deck/Belcony: 1

Landscaped: 1

Porch/Patio: 1

RV Access/Parking: 1

Flood Zone

Other: AE & X

Lot Street Imprvmnts

Alley: 1

Curb/Gutters: 1

Paved Parking: 1

Paved Street: 1

Sidewalks: 1

Street Parking: 1

Utilities

Cable Available: 1

City Water: 1

Electricity Available: 1

Natural Gas: 1

Primary Meter: 1

Sewer: 1

Heating

Natural Gas: 1

Cooling

Other: 1

Management

Owner/Family: 1

Construction

Frame - Wood: 1

Roof

Asphalt Shingle: 1

Rolled: 1

Currently Not Used

Approx SqFt: 3648

Property Features

To Show: Appt Only/CLO; No Sign on Prop

Leases: 1 Year +

Owner Pays: All Utilities; Electricity; Gardener; Gas; Grounds Care; Hot Water; HVAC Maintenance; Insurance; Sewer; Snow Removal; Taxes; Trash Collection; Water; Exterior Maintenance; Repairs

Tenant Pays: Internet; See Remarks

Util incld in Rent: Electicity; Natural Gas; Sewer; Snow Removal; Trash Collection; Water

Potential Terms: Cash; Conventional; OMC 1st

Interior Amenities: Basement; Carpet/Tile; Cement Slab; Dishwashers; Disposals; Duo-Pane Wind.; Laundry Area; Range/Ovens; Refrigerators; Smoke/Heat Det.; Wood Floors

Exterior Amenities: Deck/Belcony; Landscaped; Porch/Patio; RV Access/Parking

Docs on File: Aerial Photo; Leases; Legal Descrip.; Security Dpsts

Lot Street Imprvmnts: Alley; Curb/Gutters; Paved Parking; Paved Street; Sidewalks; Street Parking

Utilities: Cable Available; City Water; Electricity Available; Natural Gas; Primary Meter; Sewer

Heating: Natural Gas

Cooling: Other

Construction: Frame - Wood

Roof: Asphalt Shingle; Rolled

Management: Owner/Family

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 residential apartments, creating exceptional flexibility for future ownership. The oversized paved parking lot provides abundant off-street parking--an increasingly valuable asset in Historic Downtown Flagstaff. Whether you continue its successful income-producing history, establish your own business, redevelop the site within zoning allowances, or create a unique live/work environment, the possibilities are extensive. This is a one-of-a-kind historic downtown property offering character, strong income potential, outstanding visibility, abundant parking, flexible zoning, and exceptional long-term investment value. Owner/Agent.

IDX

Listing Office: Linton Real Estate

Last Updated: August - 11 - 2026