$1,590,000
$100K PRICE DROP

1221 E 3rd St Winslow, AZ 86047

Estimated payment $8,453/month

Total Views 2,891
-- Bed
-- Bath
5,984 Sq Ft
$266 Price per Sq Ft

About This Home

Presenting the College View Apartments, a stabilized and upgraded multifamily investment located in the heart of Winslow, Arizona. This offering includes two contiguous apartment complexes totaling 25 units across two parcels, fully leased and a clear opportunity for long-term rent growth. With thoughtful capital improvements already completed, College View offers a rare chance to acquire a cash-flowing asset with the potential to reposition rents to market and add operational value. Financials available upon request.

Listing Agent

Michelle Langmack

Linton Real Estate License #BR553422000 Listed on: 07/30/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,561

Year Built

  • Built in 1962

Lot Details

  • Lot Dimensions are 100' x 230'

Home Design

  • 5,984 Sq Ft Home
  • Wood Frame Construction
  • Asphalt Shingled Roof

Utilities

  • Cooling Available
  • Heating System Uses Natural Gas
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 10334003b

Community Details

Overview

  • Association fees include water, sewer, cable TV, gas, electricity, trash collection
  • 25 Units

Building Details

  • Operating Expense $137,699
  • Gross Income $210,631
  • Net Operating Income $72,662

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,561

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Property Sub Type: Apt Building (9+ Units)
  • Property Type: Multi-Family
  • Year Built: 1962
  • Total Gross Income: 210631.0
  • Co List Office Phone: 928-779-4411
  • MLS Status: Active
  • Location Tax Legal:Taxes2: 1561.0
  • Roof:Asphalt Shingle: Yes
  • General Property Description:Lot Dimensions: 100' x 230'
  • Location Tax Legal:Zoned: C66
  • Utilities:Electric3: Yes
  • Utilities:Telephone2: Yes
  • Utilities Sewer: Yes
  • General Property Description:_pound_ of Units: 25
  • Special Features: None

Interior Features

  • Cooling System: Individual A/C Units
  • Utilities: Sewer Connected, City Water, Electricity Available, Natural Gas Available, Phone Available, Cable Available
  • Inc Exp Annual Gross Op Income: 210631.0
  • Inc Exp Annual Op Expenses: 137699.0
  • Inc Exp Annual Other Income: 3631.0
  • Inc Exp Annual Scheduled Income: 207000.0
  • Heating System: Natural Gas, Electric

Exterior Features

  • Roof: Asphalt
  • Construction:Frame - Wood: Yes

Utilities

  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Heating:Electric4: Yes

Condo/Co-op/Association

  • HOA Rent Includes: Water, Sewer, Cable TV, Gas, Electricity, Trash Collection

Lot Info

  • Lot Dimensions: 100' x 230'
  • Parcel Number: 10334003b

Rental Info

  • Lease Term: Month To Month

Tax Info

  • Year: 2024
  • Tax Annual Amount: 1561.0

Multi Family

  • Number Of Units Total: 25
  • Net Operating Income: 72662.0
  • Annual Operating Expense: 137699.0

Map

Range of Values:

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Average Value
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/08/2025 10/08/25 Price Changed $1,590,000 -5.9% $266 / Sq Ft
07/30/2025 07/30/25 For Sale $1,690,000 -- $282 / Sq Ft
Source: Northern Arizona Association of REALTORS®

Source: Northern Arizona Association of REALTORS®

MLS Number: 201628

Northern Arizona Association of REALTORS®
Arizona Navajo County Winslow 86047

1221 E 3rd St, Winslow, AZ

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Northern Arizona Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

Nearby Homes
Michelle Langmack
Listing Agent
Michelle Langmack
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Linton Real Estate
(928) 985-3546