Flagstaff Multifamily Portfolio
315 N Bonito St & 601 W Dale Ave Flagstaff, AZ 86001
For Sale
Contact for pricing
Rare 12-unit portfolio in Flagstaff's walkable core.
Property Size13,972 SF
Price / SF$304.18
Days on Market154
Property Features for 315 N Bonito St & 601 W Dale Ave
General Information
Standard status
Active
Size
13,972 SF
Property subtype
Multifamily
Listing Agency:
Kelly & Call Commercial
(928) 440-5450
Listed By:
Kevin Call · License #AZ SA665484000
Source:
Crexi
Added: Feb 25
Changed: Jul 10
Last Checked: Jul 29 at 12:59PM
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 Kelly & Call Commercial
Investment Insights
Based on property information with market context.
This portfolio consists of three 4-plex apartment buildings, totaling 12 units, situated in Flagstaff's walkable core. The properties are located minutes from downtown, surrounded by residential areas, parks, schools, and daily conveniences. The units offer stable income with potential for rent growth and value-add improvements. The location is ideal for long-term investors seeking durable demand in a resilient infill market with limited competitive supply. The pro forma assumes selective interior improvements across certain units to support rent growth and long-term positioning. These improvements are typical for assets of this vintage and may include cosmetic and functional updates at the discretion of new ownership. Actual renovation scope, timing, and costs will vary based on buyer strategy. Pro forma performance is intended to illustrate potential upside and does not imply a required or guaranteed improvement plan. The total property size is 13972 square feet.
Key Highlights
- Rare 12‑unit portfolio in Flagstaff's desirable core.
- Stable income with potential for rent growth.
- Located in a walkable, renter‑supported neighborhood near downtown, parks, and schools.
Financial Insights For Multifamily LT 5
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 | $192.8k | $13.80 |
| − Vacancy | −$10.6k | −$0.76 |
| EGI | $182.2k | $13.04 |
| − OpEx | −$54.7k | −$3.91 |
| NOI | $127.5k | $9.13 |
13,972 SF · lease $13.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.82M
$1.59M – $2.13M
NOI $127,546 @ 7.0% cap · market cap 3.00%
Second Best
Apartment 5plus
$1.69M
$1.48M – $1.97M
NOI $118,266 @ 7.0% cap · market cap 2.78%
Theoretical Best
Office A
$3.86M
$3.38M – $4.51M
NOI $270,390 @ 7.0% cap · market cap 6.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Quadplex - Rare 12-unit portfolio in Flagstaff's walkable core.
Where is this quadplex located?
The property is located at 315 N Bonito St & 601 W Dale Ave Flagstaff, AZ.
What is the asking price?
The asking price for this property is $4,250,000.
What are key features of this property?
This property features: Rare 12‑unit portfolio in Flagstaff's desirable core.; Stable income with potential for rent growth.; Located in a walkable, renter‑supported neighborhood near downtown, parks, and schools.
