3 E Cottage Avenue
Multifamily | 6.50% CAP | 10 Units
Marketing description
This 10-unit apartment complex is ideally situated just steps from downtown, offering tenants walkable access to Northern Arizona University, historic Route 66, local restaurants, shops, and public transportation.
The property features a mix of studio, one-bedroom, and two-bedroom units, appealing to a wide range of tenants—from students and professionals to long-term residents. With strong rental demand and limited multifamily inventory in central Flagstaff, this asset is perfectly positioned for stable cash flow and long-term appreciation. The entire property was renovated in 2024. All units have new interior finishes and the exterior was painted and updated.
Whether you’re looking to expand your multifamily portfolio or secure a reliable income-producing asset in one of Arizona’s strongest rental markets, 3 E Cottage Ave offers location, potential, and value.
Investment highlights
- 10 Total Units – Property includes a diverse unit mix for optimal occupancy
- Excellent Walkability – Minutes to downtown Flagstaff & NAU
- Established Rental History – High occupancy and demand
- Upside Potential – Opportunity to increase rents and/or renovate
- Zoning HR (High Density Residential)
- Assessor Parcel Number #103-08-016
- Lot Size 6,700 sq ft
- Building Size 3,573 SF free-standing apartment building consisting of 10 units and a coin-op laundry facility.
- Parking Ample offsite parking available
- Property Taxes $1,573.10 (2025)
- Utilities Included in rent: Electricity - Arizona Public Service; Natural Gas - Unisource Energy; Water/Sewer/Trash - City of Flagstaff
Listing Contacts
Valuation Calculator
Valuation Metrics
Map
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Is there information that looks off?
