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Downtown Flagstaff Home for Sale

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    $1,200,000

    1 E Terrace Ave Unit 1&2, Flagstaff, AZ 86001

    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

    Amanda Maestas RealtyONEGroup Mountain Desert

    1 E Terrace Ave Unit 1&2, Flagstaff, AZ 86001

Why Live in Downtown Flagstaff

Downtown Flagstaff is nestled in Northern Arizona, about two hours from Phoenix. This urban area, once a railroad town, features restored storefronts with restaurants and gift shops near Historic Route 66 and Highway 180. Residents enjoy walkable streets and public transportation options, with homes primarily located on the eastern end and south of Historic Route 66. Housing styles range from Craftsman-style houses built between the 1930s and 1980s and split-level ranch-style homes to modern custom-builds from the 2010s. Local highlights include Old Town Shops on Leroux Street, offering trendy gift shops, antique stores and bakeries. North Humphrey’s Street has Josephine’s Modern American Bistro, a local hot spot. The Flagstaff Brewery Trail features up to eight local breweries. Grocery stores like Fry's and Natural Grocers are within 1 mile. The Theatrikos Theatre Company offers local performances and summer camps. Wheeler Park and Heritage Square provide green space for relaxation and seasonal activities. Educational options include the highly rated Montessori Charter School of Flagstaff, 2 miles east, and Northern Arizona University, about 1 mile south. Major thoroughfares include interstates 17 and 40, with I-17 leading to Phoenix and I-40 connecting to California and New Mexico. Public transit is available via Mountain Line buses and Amtrak trains. The Flagstaff Medical Center is 1 mile north, and Flagstaff Pulliam Airport is 6 miles south.

Frequently Asked Questions

Is Downtown Flagstaff a good place to live?
Downtown Flagstaff is a good place to live. Downtown Flagstaff is considered somewhat walkable and bikeable with some transit options. Downtown Flagstaff has 1 park for recreational activities. It has a median age of 36. The average household income is $92,676 which is below the national average. College graduates make up 64.5% of residents. A majority of residents in Downtown Flagstaff are renters, with 59.1% of residents renting and 40.9% of residents owning their home. A local real estate agent serving Downtown Flagstaff can help you decide if this neighborhood is the right one for you. Learn more on our Downtown Flagstaff neighborhood guide.
Is Downtown Flagstaff, AZ a safe neighborhood?
Downtown Flagstaff, AZ is less safe than the average neighborhood in the United States. It received a crime score of 7 out of 10.
How much do you need to make to afford a house in Downtown Flagstaff?
The median home price in Downtown Flagstaff is $950,000. If you put a 20% down payment of $190,000 and had a 30-year fixed mortgage with an interest rate of 6.51%, your estimated principal and interest payment would be $4,810 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $206K a year to afford the median home price in Downtown Flagstaff. Learn how much home you can afford with our Home Affordability Calculator. The average household income in Downtown Flagstaff is $93K.
What are the best public schools in Downtown Flagstaff?
The best public schools that serve Downtown Flagstaff are:
What are the best private schools in Downtown Flagstaff?
The best private schools that serve Downtown Flagstaff are:
What are the most popular zip codes in Downtown Flagstaff, Flagstaff, AZ?
The most popular zip codes in Downtown Flagstaff, Flagstaff, AZ include 86001, 86004, 86336, 86046 and 86038.
What are the most popular neighborhoods near Downtown Flagstaff, Flagstaff, AZ?
The most popular neighborhoods near Downtown Flagstaff, Flagstaff, AZ are North End, Flagstaff Townsite, Switzer Ridge-Mesa, Southside and Coconino Estates.

Home Trends in Downtown Flagstaff, AZ

Housing Trends

Median Sale Price
$941,000
Median Single Family Sale Price
$941,000
Median 2 Bedroom Sale Price
$784,080
Average Price Per Sq Ft
$957
Number of Homes for Sale
1
Last 12 months Home Sales
5
Months of Supply
2.40
Median List Price
$950,000
Median Change From 1st List Price
1%
Median Home Sale Price YoY Change
59%
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