Duplex with Private Upper-Level
New
For Sale
$970,000
530 N Charles Road, Flagstaff, AZ 86001
Residential Income, Flagstaff, AZ
Property Size3,249 SF
Price / SF$298.55
Days on Market3
Property Features for 530 N Charles Road
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking features
RV
Security features
Security System
Pets allowed
Dogs OK, Cats OK
Fencing
Fenced
Appliances
Dishwashers, Refrigerators
Lot features
Landscaped
Directions
Going North on Humphreys St, take a right on West Cherry Ave, take a left on North Williams Rd, take a left on James St, right on north Charles Road and home is on your right.
Subdivision
140 - Pinecrest/Cherry Hill
Standard status
Active
APN
10124039
Size
3,249 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
SUBDIVISION: PINECREST TERRACE LOT: 28 SIXTEENTH: NE QUARTER: SW SECTION: 15 TOWNSHIP: 21N RANGE: 07E
Tax Annual Amount
2757
Legal Description
SUBDIVISION: PINECREST TERRACE LOT: 28 SIXTEENTH: NE QUARTER: SW SECTION: 15 TOWNSHIP: 21N RANGE: 07E
Utilities
Utilities
Cable Available
Heating system
Natural Gas, Central
Cooling system
Central Air
Building Details
Year built
1963
Number of units
2
Roof type
Asphalt
Listing Agency:
Russ Lyon Sothebys Intl Realty · Sotheby's International Realty
Listed By:
Grace Eversaul
(928) 779-5966
Added: Sep 30
Last Checked: Oct 2 at 3:06AM
MLS# 206165
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 3,249-square-foot duplex was built in 1963 and contains six bedrooms and four bathrooms. The upper level forms a separate living area with a kitchen, private patio, and both interior and exterior entrances. Updated flooring, cabinetry, lighting, and bathrooms complement stained-glass details and three fireplaces.
The property is in Flagstaff, Arizona, and includes fenced outdoor space and RV parking. Building systems include central heating and cooling, with natural gas heat. Cable service is available.
The property is in Flagstaff, Arizona, and includes fenced outdoor space and RV parking. Building systems include central heating and cooling, with natural gas heat. Cable service is available.
Key Highlights
- 3,249 square feet with 6 bedrooms and 4 bathrooms
- Upper‑level suite has a kitchen, private patio, and separate interior and exterior access
- Three fireplaces and stained‑glass details
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$29,659
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.06%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$593,180
$593.2K
Cap Rate 7%
$423,700
$423.7K
Cap Rate 9%
$329,544
$329.5K
Market Conditions
NOI Build-Up for 3,249 SF
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.
Gross rent
$44.8K $13.80/SF
− Vacancy
−$2.5K −$0.76/SF
EGI
$42.4K $13.04/SF
− OpEx
−$12.7K −$3.91/SF
NOI
$29.7K $9.13/SF
Area
Coconino County, AZ
Vacancy
5.50%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$593,180
Cap Rate 7%
$423,700
Cap Rate 9%
$329,544
Alternative Uses
Best Use
Multifamily LT 5
$423.7K
$370.7K – $494.3K
NOI $29,659 @ 7.0% cap · market cap 3.06%
Second Best
Apartment 5plus
$392.9K
$343.8K – $458.4K
NOI $27,501 @ 7.0% cap · market cap 2.84%
Theoretical Best
Office A
$898.2K
$785.9K – $1.05M
NOI $62,875 @ 7.0% cap · market cap 6.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,790
Businesses Nearby
Explore this area
Business Placement
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
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Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - A separate upper-floor living area includes its own kitchen, patio, and interior and exterior access.
Where is this duplex located?
The property is located at 530 N Charles Road Flagstaff, AZ.
What is the asking price?
The asking price for this property is $970,000.
What are key features of this property?
This property features: 3,249 square feet with 6 bedrooms and 4 bathrooms; Upper‑level suite has a kitchen, private patio, and separate interior and exterior access; Three fireplaces and stained‑glass details
