Winslow Portfolio: Multifamily and
1914 West 3rd Street Winslow, AZ 86047
1914 West 3rd Street, Winslow, AZ, 86047
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For Sale
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202 apartment units, vacant restaurant in Winslow, Arizona.
Property Size104,760 SF
Price / SF$205.23
Days on Market57
Property Features for 1914 West 3rd Street
General Information
- Standard status
- Active
- Size
- 104,760 SF
- Property subtype
- Multifamily, Business for Sale
Building Details
- Year Built
- 1972
Listing Agency
ABI Multifamily LLC
(602) 639-0088
Listed by
John Klocek · License #AZ SA657592000
Source
Crexi
Added: May 22 Checked: Jul 16 at 8:42 am
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 ABI Multifamily LLC
Investment Insights
Based on property information with market context.
The Winslow Portfolio presents an investment opportunity featuring 202 apartment units and a vacant restaurant in Winslow, Arizona. The portfolio comprises eight apartment communities and eight single-family homes, demonstrating high performance in a supply-constrained market with minimal vacancy over the past 10+ years. Unit turnaround is typically one to three days. Recent upgrades include new asphalt at larger sites, fresh exterior paint, and remodeling of 18 units at The Lodge Apartments. Most units have been renovated to some extent over the past 10 years, focusing on interior improvements. Winslow is positioned for economic growth through initiatives such as the I-40 TradePort Winslow, a 3,000- to 4,000-acre industrial and logistics hub; the Winslow Levee Project, which will reconstruct 4.25 miles of levee; and the Red Sands Solar Project, a 60MW AC/78 MW DC solar project. These projects are projected to create up to 8,000 new jobs and nearly double Winslow’s population over the next decade. Winslow is evolving into a major inland port and industrial center. The portfolio offers cash flow with indicators for long-term rent growth. The city of Winslow is a recession-resistant rental market linked to government-related employers. The sale is offered as a real estate transaction or as a business sale, allowing the buyer to assume the seller’s trained staff, brand recognition, proven operational systems, and tax credits and deductions from solar projects. The property size is 104760 square feet.
Key Highlights
- High‑performing asset in a supply‑constrained market with historically low vacancy rates and quick unit turnaround.
- Significant economic growth potential in Winslow due to major infrastructure projects projected to create thousands of jobs.
- Solid day‑one cash flow with strong indicators for long‑term rent growth due to increasing housing demand.
Local 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 | $1.46M | $13.92 |
| − Vacancy | −$116.7k | −$1.11 |
| EGI | $1.34M | $12.81 |
| − OpEx | −$603.7k | −$5.76 |
| NOI | $737.9k | $7.04 |
104,760 SF · lease $13.92/SF/yr · vacancy 8.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$10.54M
$9.22M – $12.30M
NOI $737,879 @ 7.0% cap · market cap 3.43%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$28.47M
$24.91M – $33.21M
NOI $1,992,768 @ 7.0% cap · market cap 9.27%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - 202 apartment units, vacant restaurant in Winslow, Arizona.
Where is this apartment building located?
The property is located at 1914 West 3rd Street Winslow, AZ.
What is the asking price?
The asking price for this property is $21,500,000.
What are key features of this property?
This property features: High‑performing asset in a supply‑constrained market with historically low vacancy rates and quick unit turnaround.; Significant economic growth potential in Winslow due to major infrastructure projects projected to create thousands of jobs.; Solid day‑one cash flow with strong indicators for long‑term rent growth due to increasing housing demand.
