$1,200,000

Estimated payment $6,600/month

Total Views 2,451
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

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

Amanda Maestas

RealtyONEGroup Mountain Desert License #SA660892000 Listed on: 01/07/2026

RealtyONEGroup Mountain Desert

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,638

Year Built

Built in 2003

Lot Details

0

Listing Details

  • Cross Street: Birch & Terrace
  • Legal Info Range: 07E
  • Property Type: Multiple Dwellings
  • Zoning: HR
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 2003
  • Tax Year: 2025
  • Subdivision Name: RAILROAD ADDITION
  • Garage Yn: Yes
  • Cooling:Ceiling Fan(s): Yes
  • Construction:Wood Frame: Yes
  • Const - Finish Wood Siding: Yes
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Vinyl
  • Appliances: Dishwasher, Refrigerator, Built-In Gas Oven, Microwave, Washer/Dryer
  • Appliances Included:Microwave2: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes
  • Appliances Included:Built-In Gas Oven: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Wood Siding, Wood Frame
  • Roof: Other

Garage/Parking

  • Total Covered Spaces: 2.0
  • Parking Features: Paved, Add'l Parking Avail
  • Attached Garage: No
  • Open Parking Spaces: 4.0
  • Total Parking Spaces: 6.0
  • General Property Description:Covered Parking Spcs: 2.0
  • General Property Description:Uncvrd Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 6.0
  • Parking Features:Paved2: Yes
  • Parking Features:Garage: Yes

Utilities

  • Electric: City Electric
  • Cooling: Ceiling Fan(s)
  • Heating: Electric, Natural Gas, Ceiling
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Natural Gas: Yes
  • Heating:Electric: Yes
  • Heating:Ceiling: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:PatioBalcony: Yes
  • Exterior Amenities:Partially Fenced: Yes

Schools

  • Elementary School: Eva Marshall Elementary School
  • High School: Coconino High School
  • Junior High Dist: Flagstaff Unified District
  • Middle Or Junior School: Mount Elden Middle School

Lot Info

  • Lot Size: 129.46x29.52x123.19x48.74
  • Additional Parcels: No
  • Parcel #: 101-23-024

Multi Family

  • Owner Pays: Gas, Electricity, Trash Collection, Water, Sewer
  • Number Of Units Total: 2
  • Annual Operating Expense: 4638.0

Tax Info

  • Tax Annual Amount: 4638.0
  • Tax Block: B
  • Tax Book Number: 101.00
  • Tax Lot: 14,1&4

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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
Source: Public Records

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
Source: Arizona Regional Multiple Listing Service (ARMLS)

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
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $292,000 New Conventional
Previous Owner $284,800 New Conventional
Source: Public Records

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6964784

Arizona Regional Multiple Listing Service (ARMLS)

APN: 101-23-024