309 N HUMPHREYS Street
Flagstaff, AZ, 86001 $ 1,490,000
Bedrooms7 Baths0.0 Monthly Estimate*
$ 9,408
for $1,490,000 with 7 bedrooms. This home was built in 1943.
Discover a rare investment opportunity in the heart of Historic Downtown Flagstaff. The iconic circa 1906 Lindemann House occupies a high-profile corner lot and includes an expansive paved parking lot--an exceptional amenity in downtown Flagstaff. Rich in history, character, and income potential, this unique property offers flexibility for investors, business owners, or those seeking a mixed-use opportunity. The property features five residential units, including two 2-bedroom, 1-bath apartments, two 1-bedroom, 1-bath apartments, and one studio apartment. Currently operated with a combination of short- and long-term rentals, all units are transitioning to long-term rentals, providing stable income with additional upside potential. SELLER FINANCING is available to qualified Buyers, and the Seller prefers a Seller Financed sale. Flagstaff's desirable Community Commercial (CC) zoning allows for a wide variety of commercial and residential uses. Over the years, the property has successfully housed a retail running store, hair salon, attorney's office, engineering office, and residential apartments, creating exceptional flexibility for future ownership. The oversized paved parking lot provides abundant off-street parking--an increasingly valuable asset in Historic Downtown Flagstaff. Whether you continue its successful income-producing history, establish your own business, redevelop the site within zoning allowances, or create a unique live/work environment, the possibilities are extensive. This is a one-of-a-kind historic downtown property offering character, strong income potential, outstanding visibility, abundant parking, flexible zoning, and exceptional long-term investment value. Owner/Agent.
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FeaturesGeneralSewer Public Sewer
Heating Hot Water Natural Gas
Cooling Ceiling Fan(s) Other See Remarks Window/Wall Unit 2 or More Units
Roof Composition Rolled/Hot Mop
Zoning CC
Construction Materials Wood Frame Stucco
Year Built 1943
Electric APS
Tax Year 2025
Ownership Fee Simple Fee Simple
Gross Income 104841.0
Community Features See Remarks No Pool
County Coconino
Net Operating Income 76227.0
Operating Expense 6991.0
New Construction N
Property Type Multiple Dwellings
Attached Garage N
Subdivision Name FLAGSTAFF TOWNSITE
Garage Y/N N
Status Active
Directions Route 66 north on Humphreys. NW corner of Humphreys St and Cherry Ave.
City Flagstaff
Disclosures Seller Prop Disc Stm
High School District Flagstaff Unified District
Open Parking Spaces 12.0
Number Of Units Total 5
Carport Y/N N
Elementary School Eva Marshall Elementary School
Tax Annual Amount 6991.0
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 Tenant
Elementary School District Flagstaff Unified District
Tax Lot 3 & 4
Cap Rate 5.12
New Financing: Conventional True
Senior Community N
New Financing: Cash True
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ExteriorExterior Amenities Sidewalk(s)
Parking Features Off Street RV Access/Parking Paved Assigned
Water Source Master Meter City Franchise
Total Parking 12.0
Number of Buildings 1
Spa N
Lot Dimensions Irregular approx 78'x134'
Road Surface Type Asphalt
Covered Spaces 0.0
Crops Included Y/N N
Irrigation Water Rights Y/N N
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InteriorFlooring Tile Carpet Vinyl Wood
Air Conditioning Y/N Y
Heating Y/N Y
Total Bedrooms 7
Total Baths 5
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* Excluded FeaturesList ByLinton Real Estate, LlcBroker
brucebourne8@gmail.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $9,408
- Monthly Property Taxes
- $583
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.49% 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.
Learn more about how to save NearbyMulti-family listings in Flagstaff, AZ
Average List Price $1,244,950
Percent of Sale Price 16%
About Flagstaff, AZ 72,659 Population
38% Since 2002
$ 55,162 Median Income
28.9 Median Age
25% Households with Children
Trends Information provided by ATTOM Data Solutions.
4897691 Elementary School
4897693 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 8/11/2026 | $1,490,000 | | Listed Price |