1221 E 3rd Street, Winslow, AZ 86047 (MLS# 201628)

$1,395,000
1221 E 3rd Street
Winslow, AZ 86047
MLS# 201628
5984 sqft
1221 E 3rd Street, Winslow, AZ 86047
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Property Description
College View Apartments is a 25-unit multifamily investment spanning two contiguous buildings across two parcels in the heart of Winslow, Arizona. The property is fully occupied, with documented rent growth: Gross Scheduled Income rose from 194,100 to 243,900 during 2025, and current market rent analysis shows room to grow further toward 280,500 annually. Recent capital improvements include new gas water heaters, updated electrical panels and conduit, and unit-level upgrades completed at turnover -- laminate flooring, new appliances, and cabinetry. Full financials, including 2025 operating statements and normalized adjustments, available upon request.

Details
Maps
Documents
Contract Information
Status: Active
Public Marketing Date: 2025-07-01
Current Price: $1,395,000
List Price: $1,395,000
List Price/SqFt: 233.12
Owner/Agent: No
Property Sub-Type: Multi Family
Transaction Type: Sale
Short Term Rental Allowed (Y/N): No
Location Tax Legal
County: Navajo
Area: 20 - Winslow
Street #: 1221
Direction: E
Street Name: 3rd
Suffix: Street
City/Town Code: Winslow
State/Province: AZ
Zip Code: 86047
Geo Lat: 35.019431
Geo Lon: -110.685628
Key Words
Sale/Rent Description: For Sale
Net Op Inc: $100,000 - 149,999
Vacancy %: 0%
Cap Rate: 1 - 7.9%
Imprv Sz (Gross SF): 6,000 - 47,999
Land Size: .5 - .9 AC
# Units: 9 - 64
Down Payment: Submit
General Property Description
# of Units: 25
Year Built: 1962
Year Built Source: County
Lot Dimensions: 100' x 230'
Currently Not Used
Approx SqFt: 5984
Property Features
To Show: Appt Only/CLO; Drive By/Don't Enter
Leases: Month To Month
Util incld in Rent: Cable TV; Electicity; Natural Gas; Sewer; Trash Collection; Water
Potential Terms: Cash; Conventional
Interior Amenities: Cement Slab; Laundry Area; Range/Ovens; Refrigerators; Smoke/Heat Det.
Exterior Amenities: Laundry Room
Docs on File: Current P & L
Utilities: Cable Available; City Water; Electricity Available; Natural Gas; Phone Available; Primary Meter; Sewer
Heating: Electric; Natural Gas
Cooling: Multi Units
Construction: Frame - Wood
Roof: Asphalt Shingle
Management: On-Site Manager

Listing Office: Linton Real Estate

Last Updated: July - 14 - 2026

1221 E 3rd Street, Winslow, AZ 86047 - MLS# 201628

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