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

309 N Humphreys Street, Flagstaff, AZ 86001

Community Commercial zoning supports a mix of residential and commercial uses in downtown Flagstaff.

Property Size3,648 SF
Days on Market19

Property Features for 309 N Humphreys Street

General Information

Standard status Active
Size 3,648 SF
Property subtype Commercial
Zoning CC

Taxes and HOA fees

Annual Taxes $6,991

Building Details

Building Size 3,648 SF
Year Built 1943
Listing Agency: Linton Real Estate
Listed By: Bruce Bourne · License #BR102094000
Source: Sunhaven-realestate
Added: Aug 7 Changed: Aug 24 Last Checked: Aug 23 at 7:54AM

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

Investment Insights

Based on property information with market context.

This 3,648-square-foot apartment property contains five residential units: two 2-bedroom, 1-bath apartments, two 1-bedroom, 1-bath apartments, and one studio. The building sits on a corner lot and includes an expansive paved parking area, providing off-street parking in a downtown setting. Units have been operated through a combination of short- and long-term rentals and are transitioning to long-term occupancy.

The property is located in Historic Downtown Flagstaff and carries CC, or Community Commercial, zoning. Its documented prior uses include a retail running store, hair salon, attorney’s office, engineering office, and residential apartments, reflecting a history of varied occupancy. The existing apartment configuration and commercial zoning provide a range of established property-use options.

Key Highlights

  • Five residential units: two 2‑bedroom, 1‑bath; two 1‑bedroom, 1‑bath; and one studio
  • 3,648‑square‑foot apartment property
  • CC zoning allows a mix of commercial and residential uses

Property Analytics

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.

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

Market

Vacancy Rate% for Multifamily in West region

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

What type of property is this?
Apartment building - Community Commercial zoning supports a mix of residential and commercial uses in downtown 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; 3,648‑square‑foot apartment property; CC zoning allows a mix of commercial and residential uses
More about this property
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