1 E Terrace Ave Unit 1&2 Flagstaff, AZ 86001
Downtown Flagstaff NeighborhoodEstimated payment $7,162/month
About This Home
**CROSS LISTED UNDER RES.(203103)** 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 rock wall with a 3D 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, schedule a tour today!
Listing Agent
Realty One Group, 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
Parking
- Garage
Home Design
- 2,470 Sq Ft Home
- Asphalt Shingled Roof
Additional Features
- Lot Dimensions are 129.46x29.52x123.19x48.74
- Heating System Uses Natural Gas
Community Details
- Association fees include water, sewer, gas, electricity
- 2 Units
Listing and Financial Details
- Assessor Parcel Number 10123024
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $4,638 | $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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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% | $486 / Sq Ft | |
| 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Special Warranty Deed | -- | None Listed On Document | |
| Warranty Deed | -- | Clear Title | |
| Warranty Deed | -- | Clear Title | |
| 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $706,500 | New Conventional | |
| Previous Owner | $706,500 | New Conventional | |
| Previous Owner | $292,000 | New Conventional | |
| Previous Owner | $284,800 | New Conventional |
Source: Northern Arizona Association of REALTORS®
MLS Number: 203002
APN: 101-23-024
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Ask me questions while you tour the home.