Two-Unit Residential Income
For Sale
$249,900
423 W Gilmore Street, Winslow, AZ 86047
MULTI_FAMILY - Winslow, AZ
Property Size1,634 SF
Lot Size0.16 Acres
Price / SF$152.94
Days on Market48
Property Features for 423 W Gilmore Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
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
Evaporative Cooling, Multi Units
Building Details
Year built
1935
Number of units
2
Roof type
Metal, Rolled Hot Mop
Listing Agency:
Coldwell Banker Northland · Coldwell Banker Real Estate
(928) 526-5309
Listed By:
Carla M Pavlik · License #SA113641000
(928) 526-5309
Added: Jun 19
Changed: Jul 28
Last Checked: Aug 5 at 1:06AM
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.
Investment Insights
Based on property information with market context.
This duplex features two separate 2-bedroom, 1-bathroom units totaling 1,634 square feet. The property sits on a 0.16-acre lot and is fully occupied by tenants, making it a turn-key option for an owner looking to acquire residential income.
Located at 423 W Gilmore Street in Winslow, Arizona, the property is positioned for convenient access to local amenities. Winslow is described as a town known for Route 66 charm, supporting a practical, community-oriented residential setting.
For buyers seeking a small residential income property, the existing tenant occupancy and clear two-unit configuration are key considerations. Each unit’s layout is straightforward, with two bedrooms and one bathroom, which can simplify leasing and day-to-day management compared with larger mixed-use portfolios. Schedule a showing to review the units and confirm details with the seller.
Located at 423 W Gilmore Street in Winslow, Arizona, the property is positioned for convenient access to local amenities. Winslow is described as a town known for Route 66 charm, supporting a practical, community-oriented residential setting.
For buyers seeking a small residential income property, the existing tenant occupancy and clear two-unit configuration are key considerations. Each unit’s layout is straightforward, with two bedrooms and one bathroom, which can simplify leasing and day-to-day management compared with larger mixed-use portfolios. Schedule a showing to review the units and confirm details with the seller.
Key Highlights
- Two separate 2‑bedroom, 1‑bath units totaling 1,634 SF
- 0.16‑acre lot with both units currently occupied by tenants
- Built in 1935
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 | $20.0k | $12.24 |
| − Vacancy | −$1.5k | −$0.93 |
| EGI | $18.5k | $11.31 |
| − OpEx | −$5.5k | −$3.39 |
| NOI | $12.9k | $7.92 |
1,634 SF · lease $12.24/SF/yr · vacancy 7.60% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$184.8K
$161.7K – $215.6K
NOI $12,936 @ 7.0% cap · market cap 5.18%
Second Best
Apartment 5plus
$164.4K
$143.9K – $191.8K
NOI $11,509 @ 7.0% cap · market cap 4.61%
Theoretical Best
Specialty Retail
$444.0K
$388.5K – $518.0K
NOI $31,082 @ 7.0% cap · market cap 12.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
315
Businesses Nearby
Explore this area
Business Placement
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two occupied 2-bedroom, 1-bath units provide steady rental income on a compact lot.
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 $249,900.
What are key features of this property?
This property features: Two separate 2‑bedroom, 1‑bath units totaling 1,634 SF; 0.16‑acre lot with both units currently occupied by tenants; Built in 1935
