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Two-Unit Duplex Property

423 W Gilmore Street, Winslow, AZ 86047

For Sale
$225,000

Residential Income, Winslow, AZ

Property Size1,634 SF
Lot Size0.16 Acres
Price / SF$137.70
Days on Market142

Property Features for 423 W Gilmore Street

General Information

Property type Residential Multi Family
Property subtype Duplex
Fencing Fenced
Appliances Refrigerators
Directions I40, exit N Park and head South. Turn right (west) on Gilmore.
Subdivision 20 - Winslow
Standard status Active
APN 10314119
Size 1,634 SF
Lot size 0.16 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description MAHONEY ADDN: LOTS 13 & 14,BLOCK 16 XGR-1; XGR-2
Tax Annual Amount 679
Legal Description MAHONEY ADDN: LOTS 13 & 14,BLOCK 16 XGR-1; XGR-2

Utilities

Utilities Natural Gas Available
Heating system Natural Gas
Cooling system Multi Units, Evaporative Cooling

Building Details

Year built 1935
Number of units 2
Roof type Metal, Rolled Hot Mop
Listing Agency: Coldwell Banker Northland · Coldwell Banker Real Estate
Listed By: Carla M Pavlik · License #SA113641000
Added: Jun 19 Changed: Oct 16 Last Checked: Nov 7 at 6:06AM
MLS# 204988

Copyright © 2026 Northern Arizona Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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Investment Insights

Based on property information with market context.

Built in 1935, this duplex contains two separate 2-bedroom, 1-bathroom residences with a combined 1,634 square feet of living area. The units are currently occupied by tenants and each includes a refrigerator. The property sits on a 0.16-acre lot with fencing, natural gas heating, and evaporative cooling provided through multiple units. Roofing consists of metal and rolled hot mop materials.

Located at 423 W Gilmore Street in Winslow, Arizona 86047, the property is within Navajo County. Natural gas is available at the property, supporting the existing heating system.

Key Highlights

  • Two separate 2‑bedroom, 1‑bathroom units
  • 1,634 square feet combined living area
  • Both units currently occupied by tenants

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr
$12,936
Cap Rate
5.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$258,720 $258.7K
Cap Rate 7%
$184,800 $184.8K
Cap Rate 9%
$143,733 $143.7K
Market Conditions
NOI Build-Up for 1,634 SF
Gross rent
$20.0K $12.24/SF
− Vacancy
−$1.5K −$0.93/SF
EGI
$18.5K $11.31/SF
− OpEx
−$5.5K −$3.39/SF
NOI
$12.9K $7.92/SF
Area
Navajo County, AZ
Vacancy
7.60%
Lease Rate
$12.24 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$258,720
Cap Rate 7%
$184,800
Cap Rate 9%
$143,733

Alternative Uses

Best Use
Multifamily LT 5
$184.8K
$161.7K – $215.6K (±1% cap)
NOI $12,936 @ 7.0% cap · market cap 5.75%
Second Best
Apartment 5plus
$164.4K
$143.9K – $191.8K (±1% cap)
NOI $11,509 @ 7.0% cap · market cap 5.12%
Theoretical Best
Specialty Retail
$444.0K
$388.5K – $518.0K (±1% cap)
NOI $31,082 @ 7.0% cap · market cap 13.81%
Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history
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Lease Details

2
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

321
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025

Frequently Asked Questions

What type of property is this?
Duplex - Two occupied residences offer separate layouts with fenced outdoor space and natural gas service.
Where is this duplex located?
The property is located at 423 W Gilmore Street Winslow, AZ.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Two separate 2‑bedroom, 1‑bathroom units; 1,634 square feet combined living area; Both units currently occupied by tenants
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