$3,750,000
Flagstaff, AZ 86004
MLS# 201620
Status: Closed
19639 sqft
1 / 22
Property Description
Exceptional investment opportunity in Flagstaff's premier rental corridor! This fully stabilized 19,639 SF multifamily property at 3325-3395 E Lockett Rd spans four well-maintained buildings with a dynamic unit mix of 3/2, 2/2, 2/1, 1/1 units. Each one boasts a private single-car garage and carport— a rare find in the Flagstaff market. Built in 1995 and recently repainted, the property is professionally managed, 100 occupied, and offers three on-site laundry facilities plus 11 surface parking spaces. Zoned High Density Residential, it provides both reliable income and future redevelopment potential. Across from Thomas Elementary and steps from Bushmaster Park, this prime location ensures strong tenant appeal. With under-market rents and unmatched amenities.
Details
Maps
Contract Information
Status: Closed
Listing Agreement Date: 2025-07-17
Current Price: $3,750,000
Sold Price: $3,750,000
List Price/SqFt: 190.94
Owner/Agent: No
Property Sub-Type: Apt Building (9+ Units)
Transaction Type: Sale
Short Term Rental Allowed (Y/N): No
Location Tax Legal
County: Coconino
Area: 432 - Mt. Elden Foothill
Street #: 3325
Direction: E
Street Name: Lockett
Suffix: Road
City/Town Code: Flagstaff
State/Province: AZ
Zip Code: 86004
Geo Lat: 35.218161
Geo Lon: -111.599642
Key Words
Sale/Rent: For Sale
Net Op Inc: CLO
Vacancy %: 0%
Cap Rate: 1 - 7.9%
Imprv Sz (Gross SF): 6,000 - 47,999
Land Size: 1 - 1.9 AC
# Units: 9 - 64
Down Payment: Submit
General Property Description
# of Units: 18
Year Built: 1995
Year Built Source: County
Status Change Info
Sold Date: 2025-10-27
Sold Price: $3,750,000
Sold Price/SqFt: 190.94
Financing: Conventional
Currently Not Used
Approx SqFt: 19639
Property Features
Listing Office: da Vinci Realty
Last Updated: December - 11 - 2025
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