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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
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 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.17 AC |
| Cap Rate | 5.38% | Building Size | 3,366 SF |
| Gross Rent Multiplier | 18 | Average Occupancy | 100% |
| No. Units | 2 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 2023 |
| Property Subtype | Apartment | Parking Ratio | 0.59/1,000 SF |
| Apartment Style | Townhome | ||
| Zoning | RES - Residential | ||
| 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
| Parcel Number | 101-05-001G | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $160,129 CAD |
Property Taxes
Parcel Number
101-05-001G
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$160,129 CAD
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