25-Unit Apartment
For Sale
$1,395,000
1221 E 3rd Street, Winslow, AZ 86047
Two contiguous buildings have on-site management, with utilities paid by ownership.
Property Size10,413 SF
Price / SF$133.97
Days on Market482
Property Features for 1221 E 3rd Street
General Information
Standard status
Active
Size
10,413 SF
Property subtype
Residential Income
Zoning
C66
Occupancy
100%
Additional Details
Multifamily Units
25
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$1,561
Building Details
Building Size
10,413 SF
Year Built
1962
Buildings
2
Units
25
Listing Agency:
Linton Real Estate
(928) 779-4411
Listed By:
Michelle M Linton
(928) 600-3974
Source:
Highlandmeadowsrealestate
Added: Jul 1, 2025
Changed: Oct 24
Last Checked: Oct 24 at 2:41PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Linton Real Estate
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Investment Insights
Based on property information with market context.
This 25-unit apartment property comprises two adjoining buildings totaling 10,413 SF across two parcels in Winslow. Built in 1962, the property is fully occupied and has on-site management. Ownership pays the utilities. Zoning is C66.
Capital work includes gas water heaters, updated electrical panels and conduit, and unit improvements completed during turnover. These unit-level updates include laminate flooring, appliances, and cabinetry.
Capital work includes gas water heaters, updated electrical panels and conduit, and unit improvements completed during turnover. These unit-level updates include laminate flooring, appliances, and cabinetry.
Key Highlights
- 25 units across two contiguous buildings
- 10,413 SF on two parcels
- Fully occupied, with on‑site management
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$73,344
Cap Rate
5.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,466,880
$1.5M
Cap Rate 7%
$1,047,771
$1.0M
Cap Rate 9%
$814,933
$814.9K
Market Conditions
NOI Build-Up for 10,413 SF
Gross rent
$144.9K $13.92/SF
− Vacancy
−$11.6K −$1.11/SF
EGI
$133.4K $12.81/SF
− OpEx
−$60.0K −$5.76/SF
NOI
$73.3K $7.04/SF
Area
Navajo County, AZ
Vacancy
8.00%
Lease Rate
$13.92 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,466,880
Cap Rate 7%
$1,047,771
Cap Rate 9%
$814,933
Alternative Uses
Best Use
Apartment 5plus
$1.05M
$916.8K – $1.22M
NOI $73,344 @ 7.0% cap · market cap 5.26%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.83M
$2.48M – $3.30M
NOI $198,078 @ 7.0% cap · market cap 14.20%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
25
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
206
Businesses Nearby
Explore this area
Business Placement
Demographics for 86047, AZ
14,168
Population
4,932
Households
2.9
Avg Household Size
36
Median Age
8%
College-Educated
81%
High-School Grad
1,676.3 sq mi
ZIP Area
8
Density / Sq Mi
$50,062
Median Household Income
$29,846
Median Earnings
$875
Median Rent
$113,700
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Two contiguous buildings have on-site management, with utilities paid by ownership.
Where is this apartment building located?
The property is located at 1221 E 3rd Street Winslow, AZ.
What is the asking price?
The asking price for this property is $1,395,000.
What are key features of this property?
This property features: 25 units across two contiguous buildings; 10,413 SF on two parcels; Fully occupied, with on‑site management
