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11 E Sullivan Ave
Flagstaff, AZ 86001
Multifamily Property For Sale · 2 Units

Investment Highlights

  • Stable Income Stream: The properties' prime location ensures consistent occupancy rates.
  • Recreation: Thorpe Park, Flagstaff Urban Trail System
  • Transportation: Easy access to public transit and major roadways

Executive Summary

Opportunities like this simply do not exist in Downtown Flagstaff--especially not in newer construction. This duplex offers something incredibly rare: modern design, fee simple ownership, and true flexibility in one of the most supply-constrained locations in Northern Arizona. Each side features 3 bedrooms, 2.5 bathrooms, and a 2-car garage, with approximately 1,650 sq ft per unit of thoughtfully designed living space. Inside, you'll find open-concept layouts, high ceilings, abundant natural light, quartz countertops, stainless appliances, and sleek contemporary finishes that rival luxury downtown condos--without the limitations.
Here's the real differentiator:
A nearly identical building type just blocks away--classified as a condo--has commanded pricing around 1.1M for a single unit. Meanwhile, this property delivers TWO full residences on one lot. That means you're not just buying a home... you're buying control, flexibility, and long-term upside.
Why this property hits differently:
Live in one side, rent the other to offset your mortgage
True investment property with two income streams (~3,250/unit potential)
No HOA--unlike nearby condos with monthly fees and restrictions
Fee simple ownership--you own the land, not just airspace
Walkable downtown lifestyle--restaurants, shops, trails, NAU, and nightlife just minutes away
New construction in a historic core--a rarity that cannot easily be replicated
Whether you're an investor, owner-occupant, or someone looking to secure a foothold in downtown Flagstaff, this property delivers multiple exit strategies: long-term rental, short-term rental (verify), or hybrid living.
**** Owner/Agent

Property Facts

Price Per Unit $900,335 CAD
Sale Type Investment
Cap Rate 5.38%
Gross Rent Multiplier 18
No. Units 2
Property Type Multifamily
Property Subtype Apartment
Apartment Style Townhome
Building Class B
Lot Size 0.17 AC
Building Size 3,366 SF
Average Occupancy 100%
No. Stories 2
Year Built 2023
Parking Ratio 0.59/1,000 SF
Zoning RES - Residential

Amenities

Unit Amenities

  • Air Conditioning
  • Dishwasher
  • Disposal
  • Fireplace
  • Washer/Dryer Hookup
  • Heating
  • Ceiling Fans
  • Kitchen
  • Granite Countertops
  • Oven
  • Carpet
  • Yard
  • Dining Room
  • Double Pane Windows
  • Island Kitchen
  • Patio

Site Amenities

  • Car Charging Station
  • Individual Leases Available

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
3+2.5 2 $4,502 CAD 1,683

Property Taxes

Property Taxes

Parcel Number
101-05-001G
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$160,129 CAD
  • Listing ID: 35725638

  • Date on Market: 2025-05-02

  • Last Updated:

  • Address: 11 E Sullivan Ave, Flagstaff, AZ 86001

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