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Five-Unit Apartment Building
For Sale
$1,490,000

309 N Humphreys Street, Flagstaff, AZ 86001

Residential Income, Flagstaff, AZ

Property Size3,648 SF
Price / SF$408.44
Days on Market37

Property Features for 309 N Humphreys Street

General Information

Property type Residential Multi Family
Property subtype Other
Parking features RV
Appliances Dishwashers, Refrigerators
Lot features Landscaped
Directions Route 66, North on Humphreys St to the NW corner of Humphreys St and Cherry Ave
Subdivision 145 - Flagstaff Townsite
Standard status Active
APN 10009001e
Size 3,648 SF

Taxes and HOA fees

Tax Year 2025
Tax 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
Tax Annual Amount 6991
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

Utilities

Utilities Cable Available
Heating system Natural Gas

Building Details

Year built 1943
Number of units 5
Flooring type Wood floors
Roof type Rolled Hot Mop, Asphalt
Listing Agency: Linton Real Estate
Listed By: Bruce Bourne · License #BR102094000
Added: Aug 6 Changed: Sep 2 Last Checked: Sep 11 at 11:06AM
MLS# 205569

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.

Located at 309 N Humphreys Street in Flagstaff, the property contains 3648 square feet across five residential units. The unit mix includes two 2-bedroom, 1-bath apartments, two 1-bedroom, 1-bath apartments, and one studio. The building includes wood flooring, dishwashers, refrigerators, natural gas heating, cable availability, and a rolled hot mop and asphalt roof.

A large paved parking lot provides off-street parking, including RV parking features. The property is within Historic Downtown Flagstaff and carries Community Commercial (CC) zoning, supporting a combination of residential and commercial uses. The building has previously accommodated residential apartments, a retail running store, a hair salon, an attorney’s office, and an engineering office. Units are transitioning from a combination of short- and long-term rentals to long-term rentals.

Key Highlights

  • Five residential units: two 2‑bedroom, 1‑bath; two 1‑bedroom, 1‑bath; and one studio
  • 3648 square feet of building area
  • Community Commercial (CC) zoning allows residential and commercial uses

Property Analytics

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Current Use

Short term rental ...

Suggested Use

Top Pick Big Box & Wholesale Store Furniture & Home Goods (Bike/Boat/Book/etc) Store Storage Facility Electrical Service Locksmith

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

5
Residential units

Location Intelligence

Trade Area within ½ mile

2,826
Businesses Nearby

Demographics for 86001, AZ

37,093
Population
15,364
Households
2.4
Avg Household Size
27
Median Age
55%
College-Educated
96%
High-School Grad
290.4 sq mi
ZIP Area
128
Density / Sq Mi
$62,587
Median Household Income
$24,346
Median Earnings
$1,505
Median Rent
$570,900
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Community Commercial zoning accommodates a flexible mix of residential and commercial uses in central Flagstaff.
Where is this apartment building located?
The property is located at 309 N Humphreys Street Flagstaff, AZ.
What is the asking price?
The asking price for this property is $1,490,000.
What are key features of this property?
This property features: Five residential units: two 2‑bedroom, 1‑bath; two 1‑bedroom, 1‑bath; and one studio; 3648 square feet of building area; Community Commercial (CC) zoning allows residential and commercial uses
More about this property
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