Triplex with Consistent
For Sale
$749,900
2912 N Main St, Flagstaff, AZ 86004
Three-unit property with newer mechanical systems and established tenancy.
Property Size2,496 SF
Price / SF$300.44
Days on Market59
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Property Features for 2912 N Main St
General Information
Standard status
Active
Size
2,496 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
3
Building Details
Year Built
1951
Buildings
1
Listing Agency:
Realty One Group, Mountain Desert
Listed By:
Jillian Asplund
(928) 774-3392
Source:
Broadduspropertiesgroup
Added: Aug 18
Changed: Oct 6
Last Checked: Oct 7 at 3:36PM
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 Realty One Group, Mountain Desert
Investment Insights
Based on property information with market context.
Built in 1951, this 2,496-square-foot triplex contains three residential units and has a history of continuous rental occupancy. The property includes some newer mechanical systems and is described as low maintenance, supporting ongoing residential use.
Located at 2912 N Main St in Flagstaff, Arizona, the building is occupied by long-term tenants. The configuration also allows an owner to occupy one unit while leasing the remaining units, or operate all three as rental residences.
Located at 2912 N Main St in Flagstaff, Arizona, the building is occupied by long-term tenants. The configuration also allows an owner to occupy one unit while leasing the remaining units, or operate all three as rental residences.
Key Highlights
- Three‑unit triplex totaling 2,496 square feet
- Built in 1951
- Consistent rental occupancy with long‑term tenants
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,785
Cap Rate
3.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$455,700
$455.7K
Cap Rate 7%
$325,500
$325.5K
Cap Rate 9%
$253,167
$253.2K
Market Conditions
NOI Build-Up for 2,496 SF
Gross rent
$34.4K $13.80/SF
− Vacancy
−$1.9K −$0.76/SF
EGI
$32.6K $13.04/SF
− OpEx
−$9.8K −$3.91/SF
NOI
$22.8K $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 Rate 5%
$455,700
Cap Rate 7%
$325,500
Cap Rate 9%
$253,167
Alternative Uses
Best Use
Multifamily LT 5
$325.5K
$284.8K – $379.8K
NOI $22,785 @ 7.0% cap · market cap 3.04%
Second Best
Apartment 5plus
$301.8K
$264.1K – $352.1K
NOI $21,127 @ 7.0% cap · market cap 2.82%
Theoretical Best
Office A
$690.0K
$603.8K – $805.1K
NOI $48,303 @ 7.0% cap · market cap 6.44%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,123
Businesses Nearby
Explore this area
Business Placement
Demographics for 86004, AZ
38,451
Population
16,550
Households
2.3
Avg Household Size
37
Median Age
44%
College-Educated
95%
High-School Grad
914.5 sq mi
ZIP Area
42
Density / Sq Mi
$77,486
Median Household Income
$42,659
Median Earnings
$1,611
Median Rent
$464,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Triplex - Three-unit property with newer mechanical systems and established tenancy.
Where is this triplex located?
The property is located at 2912 N Main St Flagstaff, AZ.
What is the asking price?
The asking price for this property is $749,900.
What are key features of this property?
This property features: Three‑unit triplex totaling 2,496 square feet; Built in 1951; Consistent rental occupancy with long‑term tenants
