1 E TERRACE Avenue # 1&2 Flagstaff, AZ $ 1,200,000
1 E TERRACE Avenue # 1&2
$ 1,200,000
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1 E TERRACE Avenue # 1&2

Flagstaff, AZ, 86001
$ 1,200,000
Baths0.0

Monthly Estimate*

$ 7,389

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Studio

Multi-Family Home for sale in Flagstaff, AZ

for $1,200,000. This home was built in 2003.

Discover an exceptional income-producing opportunity at 1 E Terrace Ave, Units 1 & 2-Where versatility, comfort, and location come together in one remarkable property. Perfect for owner-occupants or investors, this rare duplex allows you to live in one spacious unit while generating income from the other. Both residences are thoughtfully designed with full kitchens, in-unit washer and dryer sets, and their own private 1-car garages—a true luxury in Flagstaff. Each unit also features its own private backyard, offering outdoor space that's ideal for relaxing, entertaining, or enjoying Flagstaff's four beautiful seasons. Located just seconds from downtown, you'll enjoy the convenience of city living while still being tucked into your own private setting. From the balcony, take in sweeping views overlooking Flagstaff's natural beauty, a daily reminder of why this area is so sought after. Inside, each unit offers its own unique character. One features a newly added waterfall wall with a gas fireplace, creating a stunning focal point and a warm, inviting atmosphere. The other showcases a custom Flagstaff mural wall, adding artistic charm and a sense of place that guests and tenants will love. With ample parking, spacious interiors, and thoughtful upgrades, this property is perfectly positioned for long-term rental, short-term rental, or multigenerational living. Whether you're looking to offset your mortgage or expand your investment portfolio, 1 E Terrace Ave delivers flexibility and financial potential without compromising comfort or style. A rare find in an unbeatable location, come see it today!

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Multi-Family Active

Price

$ 1,200,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 4,638

Style

Multiple Dwellings

Year Built

2003

Town/City

Flagstaff

County/Region

Coconino

MLS | Web ID

6964784

Features
General
Sewer Public Sewer
Heating Electric Natural Gas Ceiling
Cooling Ceiling Fan(s)
Roof Other
Zoning HR
Construction Materials Wood Siding Wood Frame
Year Built 2003
Electric City Electric
Township 21N
Unit Number 1&2
Tax Year 2025
Ownership Fee Simple Fee Simple
Gross Income 0.0
Community Features No Pool
County Coconino
Net Operating Income 0.0
Operating Expense 4638.0
New Construction N
Property Type Multiple Dwellings
Attached Garage N
Subdivision Name RAILROAD ADDITION
Garage Y/N Y
Status Active
Directions Go East on Birch Right on Terrace Property is on the Left
High School Coconino High School
City Flagstaff
Disclosures None
High School District Flagstaff Unified District
Open Parking Spaces 4.0
Number Of Units Total 2
Carport Y/N N
Elementary School Eva Marshall Elementary School
Tax Annual Amount 4638.0
Middle/Junior High School Mount Elden Middle School
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Standard Status Active
Occupancy Type Interim Occupant
Elementary School District Flagstaff Unified District
Tax Lot 14 1&4
New Financing: Conventional True
Senior Community N
New Financing: Cash True
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Interior
Flooring Carpet Vinyl
Air Conditioning Y/N Y
Heating Y/N Y
Total Baths 0
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Exterior
Parking Features Paved Add'l Parking Avail
Water Source City Franchise
Total Parking 6.0
Number of Buildings 1
Spa N
Lot Dimensions 129.46x29.52x123.19x48.74
Covered Spaces 2.0
Crops Included Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 1
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* Excluded Features
List By
Realtyonegroup Mountain Desert

Broker

amanda@maestasrealtor.com

Email

Affordability Calculator

$7,775
Per Month
95%
5%
0%
Monthly Principal & Interest
$7,389
Monthly Property Taxes
$387
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4897691 Elementary School
4897693 Middle School
Coconino High School High School
Pricing History
DatePricePrice ChangeDescription
1/7/2026$1,200,000 Listed Price

Map


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1 E TERRACE Avenue # 1&2, Flagstaff, AZ, 86001 is a Multi-Family Home for sale at $1,200,000. 1 E TERRACE Avenue # 1&2 is a studio with 0.0 baths and was built in 2003. The property's zip code is 86001 which is in Flagstaff, AZ