NOT LISTED FOR SALE

3325 E Lockett Rd Flagstaff, AZ 86004

Estimated Value: $3,625,170

Studio
2 Baths
19,639 Sq Ft
$185/Sq Ft Est. Value

Sale Details

Date Sold: October 27, 2025

Last sale price $3,750,000 $191 Per Sq Ft

Est. 3% decrease in value since last sale

Current estimated payment $20,040 / mo

21 Days on Market

About This Home

As of October 2025

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.

Last Agent to Sell the Property

Michael Konefal

da Vinci Realty Listed on: 07/30/2025

Co-Listed By

Mark T. Belsanti

da Vinci Realty License #SA104226000

Last Buyer's Agent

Mark T. Belsanti

da Vinci Realty License #SA104226000

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$18,630

Year Built

Built in 1995

Lot Details

0 Sq Ft Lot

Listing Details

  • Property Sub Type: Apt Building (9+ Units)
  • Property Type: Multi-Family
  • Year Built: 1995
  • Co List Office Mls Id: 102803
  • Co List Office Phone: 928-779-3800
  • Co List Office Phone: 928-779-3800
  • MLS Status: Closed
  • Location Tax Legal:Taxes2: 18630.0
  • Location Tax Legal:Zoned: High Density
  • General Property Description:_pound_ of Units: 18
  • Special Features: None

Lot Info

  • Parcel Number: 10832004

Tax Info

  • Year: 2024
  • Tax Annual Amount: 18630.0

Multi Family

  • Number Of Units Total: 18

Ownership 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 Name Owned For Owner Type

Purchase Details

Listed on
Jul 30, 2025
Closed on
Oct 22, 2025
Sold by
Bought by
Seller's Agent
Michael Konefal
da Vinci Realty
Buyer's Agent
Mark T. Belsanti
da Vinci Realty
List Price
$3,750,000
Sold Price
$3,750,000
Views
22
Current Estimated Value
$3,625,170

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$124,830
Avg. Annual Appreciation
-5.08%
Original Mortgage
$3,687,500
Outstanding Balance
$3,677,150
Interest Rate
6.35%
Mortgage Type
New Conventional
Estimated Equity
-$51,980

Purchase Details

Closed on
Nov 15, 2006
Sold by
Bought by

Purchase Details

Closed on
Oct 6, 2002
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$746,856
Interest Rate
5.83%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Dec 6, 1993
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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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 Buyer Sale Price Title Company
$3,750,000 Pioneer Title
$2,340,000 None Available
$1,750,000 Pioneer Title Agency Inc
$85,000 First American Title
Source: Public Records

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 Borrower Loan Amount
Open $3,687,500
Previous Owner $746,856
Source: Public Records

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
10/27/2025 10/27/25 Sold $3,750,000 0.0% $191 / Sq Ft
07/30/2025 07/30/25 For Sale $3,750,000 -- $191 / Sq Ft
Source: Northern Arizona Association of REALTORS®

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 $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
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2025

    Michael Konefal

    da Vinci Realty

  • Mark T. Belsanti

    Seller Co-Listing Agent in 2025

    Mark T. Belsanti

    da Vinci Realty

    (928) 254-1770

    34 Total Sales

    Mark T. Belsanti
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Map

Source: Northern Arizona Association of REALTORS®

MLS Number: 201620

Northern Arizona Association of REALTORS®

APN: 108-32-004

Arizona Coconino County Flagstaff 86004

3325 E Lockett Rd, Flagstaff, 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.

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