315 N Bonito St Flagstaff, AZ 86001
Flagstaff Townsite NeighborhoodEstimated payment $26,801/month
Total Views
81,647
--
Bed
--
Bath
13,972
Sq Ft
$351
Price per Sq Ft
About This Home
Introducing a premier investment opportunity in the heart of downtown Flagstaff: a bundled portfolio featuring 601 W Dale Ave and 315 N Bonito St. This offering comprises three buildings housing a total of 12 spacious 2- and 3-bedroom units, delivering both immediate rental income and long-term appreciation potential.
Property Overview
Total Units: 12 (mix of 2- and 3-bedroom units)
Total Buildings: 3
Combined Square Footage: Approximately 13,972 sq ft
Lot Sizes: 601 W Dale Ave - 6,970 sq ft; 315 N Bonito St - 14,374 acres
Year Built: 1966 (601 W Dale Ave), 1973 (315 N Bonito St) Prime Downtown Flagstaff Location
Both properties are situated within walking distance to downtown Flagstaff, Northern Arizona University, and major employers. The neighborhood is known for its historic charm, tree-lined streets, and proximity to parks, schools, and public transportation.
Investment Highlights
Strong Rental Demand: The mix of unit sizes caters to a broad tenant base, including families, students, and professionals.
Value-Add Potential: Opportunities exist to enhance property value through interior upgrades and modern amenities.
Stable Income Stream: The properties' prime location ensures consistent occupancy rates.
Unified Sale: Both properties are to be sold together, providing a substantial foothold in Flagstaff's rental market.
Nearby Amenities
Education: Flagstaff High School, Eva Marshall Elementary, San Francisco de Asis Catholic School
Recreation: Thorpe Park, Flagstaff Urban Trail System
Transportation: Easy access to public transit and major roadways
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $13,231
Year Built
- Built in 1973
Home Design
- 13,972 Sq Ft Home
- Wood Frame Construction
- Pitched Roof
- Asphalt Shingled Roof
- Metal Roof
- Masonry
Utilities
- Central Heating
- Heating System Uses Natural Gas
- Phone Available
- Cable TV Available
Listing and Financial Details
- Assessor Parcel Number 10007012b
Community Details
Overview
- Association fees include water, sewer, snow removal, trash collection
- 12 Units
Building Details
- Operating Expense $28,644
- Gross Income $237,000
- Net Operating Income $208,356
Map
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 09/22/2025 09/22/25 | Price Changed | $4,900,000 | -7.5% | $351 / Sq Ft |
| 05/11/2025 05/11/25 | For Sale | $5,300,000 | -- | $379 / Sq Ft |
Source: Northern Arizona Association of REALTORS®
About the Listing Agent
Jacquie Kellogg is the Owner/Designated Broker of West USA Realty Flagstaff.
She started her real estate career in 2004 as a property manager and has since expanded her business to include residential real estate sales.
She has earned several designations including ABR ® (Accredited Buyer Representative) GRI ® (Graduate Realtor Institute) CDPE ® (Certified Distressed Property Expert) and SFR (Short Sale and Foreclosure Resource)
Served on the NAAR Board of directors and
Jacquie's Other Listings
Source: Northern Arizona Association of REALTORS®
MLS Number: 200628
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