1 E Terrace Ave Unit 1&2 Flagstaff, AZ 86001
Downtown Flagstaff NeighborhoodEstimated payment $6,600/month
Highlights
- Cooling Available
- Heating unit installed on the ceiling
- Carpet
- Ceiling Fan
- Wood Siding
About This Home
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!
Listing Agent
RealtyONEGroup Mountain Desert License #SA660892000 Listed on: 01/07/2026
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,638
Year Built
- Built in 2003
Home Design
- Wood Frame Construction
- Wood Siding
Interior Spaces
- Ceiling Fan
Flooring
- Carpet
- Vinyl
Parking
- 4 Open Parking Spaces
- 6 Parking Spaces
- 2 Covered Spaces
- Paved Parking
Schools
- Eva Marshall Elementary School
- Mount Elden Middle School
- Coconino High School
Utilities
- Cooling Available
- Heating unit installed on the ceiling
- Heating System Uses Natural Gas
Listing and Financial Details
- Legal Lot and Block 14,1&4 / B
- Assessor Parcel Number 101-23-024
Community Details
Overview
- 2 Units
- Building Dimensions are 129.46x29.52x123.19x48.74
- Railroad Addition Subdivision
Building Details
- Operating Expense $4,638
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $4,501 | $75,474 | -- | -- |
| 2024 | $4,501 | $74,069 | -- | -- |
| 2023 | $4,329 | $61,006 | $0 | $0 |
| 2022 | $4,064 | $53,334 | $0 | $0 |
| 2021 | $3,951 | $51,617 | $0 | $0 |
| 2020 | $3,841 | $49,494 | $0 | $0 |
| 2019 | $3,768 | $41,459 | $0 | $0 |
| 2018 | $3,685 | $40,196 | $0 | $0 |
| 2017 | $3,466 | $37,811 | $0 | $0 |
| 2016 | $3,552 | $37,099 | $0 | $0 |
| 2015 | $3,430 | $36,255 | $0 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 01/07/2026 01/07/26 | For Sale | $1,200,000 | +26.1% | -- | |
| 02/08/2024 02/08/24 | Sold | $952,000 | -2.4% | $385 / Sq Ft | View Prior Sale |
| 01/04/2024 01/04/24 | Pending | -- | -- | -- | |
| 11/05/2023 11/05/23 | Price Changed | $975,000 | -4.9% | $395 / Sq Ft | |
| 10/17/2023 10/17/23 | Price Changed | $1,025,000 | -2.4% | $415 / Sq Ft | |
| 09/06/2023 09/06/23 | Price Changed | $1,050,000 | -2.3% | $425 / Sq Ft | |
| 08/21/2023 08/21/23 | For Sale | $1,075,000 | -- | $435 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Special Warranty Deed | -- | None Listed On Document | |
| Deed Of Distribution | -- | None Available | |
| Quit Claim Deed | -- | None Available | |
| Interfamily Deed Transfer | -- | Fidelity National Title | |
| Quit Claim Deed | -- | Fidelity National Title | |
| Warranty Deed | $365,000 | Fidelity National Title | |
| Warranty Deed | $356,000 | Pioneer Title Agency Inc | |
| Cash Sale Deed | $60,000 | Pioneer Title Agency Inc |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $292,000 | New Conventional | |
| Previous Owner | $284,800 | New Conventional |
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6964784
APN: 101-23-024
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