Remodeled Multifamily Investment
2010 E Rte 66 Flagstaff, AZ 86004
For Sale
$3,695,000
COMMERCIAL - Flagstaff, AZ
Property Size12,864 SF
Lot Size0.90 Acres
Price / SF$287.24
Days on Market497
Property Features for 2010 E Rte 66
General Information
Property type
Commercial Sale
Property subtype
Other
Standard status
Active
APN
10706002e
Size
12,864 SF
Lot size
0.90 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
SIXTEENTH: NW QUARTER: SE SECTION: 14 TOWNSHIP: 21N RANGE: 07E BEG AT INTERSECT NWLY R/W HWY 66 & SWLY R/W ARROWHEAD AVE
Tax Annual Amount
9520
Listing Agency:
da Vinci Realty
(928) 779-3800
Listed By:
Mark T Belsanti · License #SA104226000
(928) 779-3800
Added: Mar 21, 2025
Changed: Jul 7
Last Checked: Jul 30 at 2:06AM
MLS# 200078
Copyright © 2026 Northern Arizona Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This is a prime opportunity for multifamily investors to acquire a fully remodeled 19-unit property on 0.89 acres. The property is located at a high-traffic, signalized intersection in Flagstaff, Arizona. This income-producing asset features four updated buildings, offering stable rental income in a supply-constrained market. The property is zoned for mixed-use, presenting flexibility for hospitality, office, or retail uses, which is ideal for diversifying income streams or expanding tenant offerings. The property benefits from Flagstaff's strong rental demand, limited inventory, and year-round economic drivers. This is a standout investment with long-term upside, whether held as a pure multifamily play or exploring additional uses. The property has 12864 square feet of space.
Key Highlights
- Fully remodeled 19‑unit multifamily property on 0.89 acres.
- High‑traffic location at a signalized intersection in Flagstaff.
- Zoned for mixed‑use, allowing for hospitality, office, or retail development.
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $208.4k | $16.20 |
| − Vacancy | −$10.4k | −$0.81 |
| EGI | $198.0k | $15.39 |
| − OpEx | −$89.1k | −$6.93 |
| NOI | $108.9k | $8.46 |
12,864 SF · lease $16.20/SF/yr · vacancy 5.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.56M
$1.36M – $1.81M
NOI $108,887 @ 7.0% cap · market cap 2.95%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.56M
$3.11M – $4.15M
NOI $248,947 @ 7.0% cap · market cap 6.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Apartment building - 19-unit property on 0.89 acres in Flagstaff, Arizona.
Where is this apartment building located?
The property is located at 2010 E Rte 66 Flagstaff, AZ.
What is the asking price?
The asking price for this property is $3,695,000.
What are key features of this property?
This property features: Fully remodeled 19‑unit multifamily property on 0.89 acres.; High‑traffic location at a signalized intersection in Flagstaff.; Zoned for mixed‑use, allowing for hospitality, office, or retail development.
