3325 E Lockett Rd Flagstaff, AZ 86004
Estimated payment $21,533/month
About This Home
Exceptional investment opportunity in Flagstaff's premier rental corridor! This fully stabilized 19,639 SF multifamily property at 3325-3395 E Lockett Rd spans four well-maintained buildings with a dynamic unit mix of 3/2, 2/2, 2/1, 1/1 units. Each one boasts a private single-car garage and carport— a rare find in the Flagstaff market. Built in 1995 and recently repainted, the property is professionally managed, 100 occupied, and offers three on-site laundry facilities plus 11 surface parking spaces. Zoned High Density Residential, it provides both reliable income and future redevelopment potential. Across from Thomas Elementary and steps from Bushmaster Park, this prime location ensures strong tenant appeal. With under-market rents and unmatched amenities.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $18,630
Year Built
- Built in 1995
Home Design
- 19,639 Sq Ft Home
Community Details
- 18 Units
Listing and Financial Details
- Assessor Parcel Number 10832004
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 | $5,512 | $99,719 | -- | -- |
| 2024 | $5,512 | $94,692 | -- | -- |
| 2023 | $5,301 | $82,256 | $0 | $0 |
| 2022 | $4,977 | $71,634 | $0 | $0 |
| 2021 | $4,838 | $68,960 | $0 | $0 |
| 2020 | $4,704 | $64,705 | $0 | $0 |
| 2019 | $4,614 | $59,676 | $0 | $0 |
| 2018 | $3,657 | $39,979 | $0 | $0 |
| 2017 | $3,439 | $37,517 | $0 | $0 |
| 2016 | $3,621 | $37,818 | $0 | $0 |
| 2015 | $3,507 | $37,071 | $0 | $0 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/30/2025 07/30/25 | For Sale | $3,750,000 | -- | $191 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | $2,340,000 | None Available | |
| Warranty Deed | $1,750,000 | Pioneer Title Agency Inc | |
| Cash Sale Deed | $85,000 | First American Title |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $746,856 | Seller Take Back |
Source: Northern Arizona Association of REALTORS®
MLS Number: 201620
APN: 108-32-004
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