Investment Homes in
Flagstaff and Northern Arizona

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Flagstaff’s housing market moves fast, so it’s important to stay up-to-date as new homes come on the market. Receive custom alerts so you don’t miss your dream home!

INVESTMENT HOMES IN FLAGSTAFF

Investment homes are in high-demand in and around Flagstaff, Arizona. New listings in Northern Arizona can move FAST, so it’s important to keep up-to-date as new listings come onto the market. We’ve put together a list of local house listings that would be perfect investment properties for you. We also recommend signing up to receive MLS alerts, so you’ll be the FIRST TO KNOW when your dream home hits the market. When it comes to purchasing an investment property in Flagstaff, it’s best to speak with a REALTOR® about what to expect. Contact us today to get started!

4 matches found

$400,000
3565 N Steves Boulevard, Flagstaff, AZ 86004
View Photos (24)
Property Type: Multi-Family
Square Footage: 1808
Year Built: 1963
Area: 430 - Lower Greenlaw
Description: Looking for an income property? LOOK NO FURTHER. This centrally located dup...
Listing Office: Village Land Shoppe (Branch)
Last Updated: November - 29 - 2023
IDX
$975,000
1 E Terrace Avenue, 1&2, Flagstaff, AZ 86001
View Photos (24)
Property Type: Multi-Family
Square Footage: 2470
Year Built: 2003
Area: 140 - Pinecrest/Cherry Hill
Description: What a great downtown property. Live in one unit and rent the other. Nicely...
Listing Office: Linton Real Estate
Last Updated: November - 05 - 2023
IDX
$800,000
2817 N East Street, Flagstaff, AZ 86004
View Photos (15)
Property Type: Multi-Family
Square Footage: 2356
Year Built: 1979
Area: 400 - Sunnyside
Description: This multi-family property presents a fantastic investment opportunity in a...
Listing Office: Linton Real Estate
Last Updated: October - 28 - 2023
IDX
$1,499,000
Front View
View Photos (62)
Property Type: Multi-Family
Square Footage: 3366
Year Built: 2022
Area: 145 - Flagstaff Townsite
Description: BRAND NEW DUPLEX in Downtown Flagstaff just south of the Hospital. Each...
Listing Office: West USA Realty Flagstaff
Last Updated: March - 04 - 2023
IDX

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39 matches found

$365,000
Dining Area
View Photos (34)
Open House (12/09/2023 - 9:00 am)
Property Type: Residential
# of Bedrooms: 2
# of Bathrooms: 2
Square Footage: 906
Year Built: 1995
Area: 172 - Woodlands Area
Subdivision: The Arbors
Description: Nestled in the heart of Flagstaff, this charming 2-bed, 2-bath corner unit ...
Listing Office: Schraufnagel Real Estate LLC
Last Updated: November - 30 - 2023
IDX
$350,000
2475 Keams Canyon Trail, Flagstaff, AZ 86005
View Photos (38)
Status: Pending - Take Backup
Property Type: Residential
# of Bedrooms: 3
# of Bathrooms: 2
Square Footage: 1344
Year Built: 1986
Area: 720 - Kachina Village
Description: Spectacular location! Come see this 3 bedroom, 2 bath home on an amazing lo...
Listing Office: Realty Executives of Flagstaff
Last Updated: November - 29 - 2023
IDX
$105,000
1450 W Kaibab Lane, 77, Flagstaff, AZ 86001
View Photos (23)
Property Type: Residential
# of Bedrooms: 2
# of Bathrooms: 1
Square Footage: 784
Year Built: 1992
Area: 181 - West Village Est
Subdivision: West Glen Mobile
Description: Perfect starter home or home for your student attending NAU/CCC. Walking di...
Listing Office: eXp Realty
Last Updated: November - 27 - 2023
IDX
$363,999
1385 W University Avenue, 148, Flagstaff, AZ 86001
View Photos (33)
Property Type: Residential
# of Bedrooms: 2
# of Bathrooms: 2
Square Footage: 906
Year Built: 1999
Area: 172 - Woodlands Area
Description: It's true, location is everything! This two bedroom corner Arbors condomini...
Listing Office: RE/MAX Fine Properties
Last Updated: November - 27 - 2023
IDX
$393,955
1650 E Ponderosa Parkway, 328, Flagstaff, AZ 86001
View Photos (15)Videos (1)
Property Type: Residential
# of Bedrooms: 1
# of Bathrooms: 1
Square Footage: 888
Year Built: 2023
Area: 135 - Switzer Mesa/Ridge
Description: This HUGE 1 bedroom, 888 sq. ft condo is available for the new owner to pic...
Listing Office: Long Realty in the Pines
Last Updated: November - 27 - 2023
IDX

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25 matches found

$575,000
4041 N Pipit Place, Flagstaff, AZ 86004
View Photos (41)Virtual Tours (1)
Property Type: Residential
# of Bedrooms: 3
# of Bathrooms: 2.5
Square Footage: 1932
Year Built: 2006
Area: 432 - Mt. Elden Foothill
Description: This 1,932 sq ft END UNIT 3 bedroom (primary on the main), 2.5 bath recentl...
Listing Office: Realty Executives of Flagstaff
Last Updated: November - 29 - 2023
IDX
$515,000
2412 N Whispering Pines Way, Flagstaff, AZ 86004
View Photos (21)Virtual Tours (1)
Property Type: Residential
# of Bedrooms: 3
# of Bathrooms: 2.5
Square Footage: 1523
Year Built: 1989
Area: 325 - Elk Run
Subdivision: Elk Run Townhouses Amended
Description: Welcome to a residence where comfort meets convenience, offering a lifestyl...
Listing Office: Flagstaff Top Producers R.E.
Last Updated: November - 29 - 2023
IDX
$645,000
425 E Woodland Drive, Flagstaff, AZ 86001
View Photos (37)Virtual Tours (1)
Property Type: Residential
# of Bedrooms: 3
# of Bathrooms: 3
Square Footage: 1990
Year Built: 2013
Area: 222 - Pine Knoll
Description: GORGEOUS PINE KNOLL VILLAGE TOWNHOME ...Beautifully appointed 3BD 3BA 1990s...
Listing Office: Realty Executives of Flagstaff
Last Updated: November - 28 - 2023
IDX
$607,000
Main Level Great Room
View Photos (35)
Open House (12/02/2023 - 9:00 am)
Property Type: Residential
# of Bedrooms: 3
# of Bathrooms: 3.5
Square Footage: 2081
Year Built: 2002
Area: 250 - Ponderosa Trails
Subdivision: Ponderosa Highlands
Description: Nestled in the desirable Ponderosa Highlands neighborhood of Flagstaff, Ari...
Listing Office: Schraufnagel Real Estate LLC
Last Updated: November - 27 - 2023
IDX
$599,000
3948 N Tam O'Shanter Drive, Flagstaff, AZ 86004
View Photos (26)Videos (1)
Property Type: Residential
# of Bedrooms: 3
# of Bathrooms: 2.5
Square Footage: 1583
Year Built: 2010
Area: 335 - Continental Cntry Clb
Description: COME CHECK OUT THIS INCREDIBLE MOUNTAIN TOWNHOME LOCATED IN THE HIGHLY SOUG...
Listing Office: Realty Executives of Flagstaff
Last Updated: November - 27 - 2023
IDX

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32 matches found

$365,000
Dining Area
View Photos (34)
Open House (12/09/2023 - 9:00 am)
Property Type: Residential
# of Bedrooms: 2
# of Bathrooms: 2
Square Footage: 906
Year Built: 1995
Area: 172 - Woodlands Area
Subdivision: The Arbors
Description: Nestled in the heart of Flagstaff, this charming 2-bed, 2-bath corner unit ...
Listing Office: Schraufnagel Real Estate LLC
Last Updated: November - 30 - 2023
IDX
$550,000
62 Tanager Lane, Sedona, AZ 86336
View Photos (19)Virtual Tours (1)
Open House (12/01/2023 - 1:00 pm)
Property Type: Residential
# of Bedrooms: 2
# of Bathrooms: 2
Square Footage: 1239
Year Built: 1988
Area: 65 - Sedona
Subdivision: Morning Sun Condominiums
Description: Here is your opportunity to embrace worry-free, lifestyle-focused Sedona li...
Listing Office: Realty One Group, Mountain Desert
Last Updated: November - 29 - 2023
IDX
$363,999
1385 W University Avenue, 148, Flagstaff, AZ 86001
View Photos (33)
Property Type: Residential
# of Bedrooms: 2
# of Bathrooms: 2
Square Footage: 906
Year Built: 1999
Area: 172 - Woodlands Area
Description: It's true, location is everything! This two bedroom corner Arbors condomini...
Listing Office: RE/MAX Fine Properties
Last Updated: November - 27 - 2023
IDX
$496,095
1650 E Ponderosa Parkway, 130, Flagstaff, AZ 86001
View Photos (11)
Property Type: Residential
# of Bedrooms: 2
# of Bathrooms: 2
Square Footage: 1260
Year Built: 2023
Area: 135 - Switzer Mesa/Ridge
Description: POPULAR 2-bedroom, 1260 sq. ft single level condo is available for the new ...
Listing Office: Long Realty in the Pines
Last Updated: November - 27 - 2023
IDX
$506,095
1650 E Ponderosa Parkway, 226, Flagstaff, AZ 86001
View Photos (12)
Property Type: Residential
# of Bedrooms: 2
# of Bathrooms: 2
Square Footage: 1220
Year Built: 2023
Area: 135 - Switzer Mesa/Ridge
Description: POPULAR 2-bedroom on 2nd floor with 1220 sq. ft. is available for the new o...
Listing Office: Long Realty in the Pines
Last Updated: November - 27 - 2023
IDX

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103 matches found

$3,000,000
Breathtaking Views of the San Francisco Peaks!
View Photos (64)
Property Type: Land
Area: 615 - Hidden Hollow
Description: World-Class Property Offering Breathtaking Views of the San Francisco Peaks...
Listing Office: Realty Executives of Flagstaff
Last Updated: November - 30 - 2023
IDX
$425,000
00 Fs 548, Flagstaff, AZ 86001
View Photos (10)
Property Type: Land
Area: 635 - Kendrick/Crowley
Subdivision: Kendrick Park
Description: Offered for the first time is a gorgeous, picturesque off-grid 10-acre parc...
Listing Office: eXp Realty
Last Updated: November - 30 - 2023
IDX
$499,000
4655 S Snaffle Bit, Flagstaff, AZ 86005
View Photos (14)
Property Type: Land
Area: 800 - Flagstaff Ranch
Description: Come build your dream home on this magnificent homesite in the guard gated ...
Listing Office: RE/MAX Fine Properties
Last Updated: November - 29 - 2023
IDX
$499,000
4755 S Snaffle Bit, 129, Flagstaff, AZ 86005
View Photos (14)
Property Type: Land
Area: 800 - Flagstaff Ranch
Description: Come build your dream home on this magnificent homesite in the guard gated ...
Listing Office: RE/MAX Fine Properties
Last Updated: November - 29 - 2023
IDX
$350,000
000 151, Flagstaff, AZ 86001
View Photos (19)
Property Type: Land
Area: 625 - Hart Prairie Area
Description: Beautiful, off-grid property on 6.18 acres fenced in and borders Forest Ser...
Listing Office: DPR Realty, LLC-Scottsdale
Last Updated: November - 29 - 2023
IDX

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4 matches found

$400,000
3565 N Steves Boulevard, Flagstaff, AZ 86004
View Photos (24)
Property Type: Multi-Family
Square Footage: 1808
Year Built: 1963
Area: 430 - Lower Greenlaw
Description: Looking for an income property? LOOK NO FURTHER. This centrally located dup...
Listing Office: Village Land Shoppe (Branch)
Last Updated: November - 29 - 2023
IDX
$975,000
1 E Terrace Avenue, 1&2, Flagstaff, AZ 86001
View Photos (24)
Property Type: Multi-Family
Square Footage: 2470
Year Built: 2003
Area: 140 - Pinecrest/Cherry Hill
Description: What a great downtown property. Live in one unit and rent the other. Nicely...
Listing Office: Linton Real Estate
Last Updated: November - 05 - 2023
IDX
$800,000
2817 N East Street, Flagstaff, AZ 86004
View Photos (15)
Property Type: Multi-Family
Square Footage: 2356
Year Built: 1979
Area: 400 - Sunnyside
Description: This multi-family property presents a fantastic investment opportunity in a...
Listing Office: Linton Real Estate
Last Updated: October - 28 - 2023
IDX
$1,499,000
Front View
View Photos (62)
Property Type: Multi-Family
Square Footage: 3366
Year Built: 2022
Area: 145 - Flagstaff Townsite
Description: BRAND NEW DUPLEX in Downtown Flagstaff just south of the Hospital. Each...
Listing Office: West USA Realty Flagstaff
Last Updated: March - 04 - 2023
IDX

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SEARCH FLAGSTAFF REAL ESTATE

WHY INVEST IN NORTHERN ARIZONA REAL ESTATE?

Flagstaff and northern Arizona is a great place for investing in real estate. With a strong influx of young professionals, graduate and undergraduate students at both Northern Arizona University and Coconino Community College, there are lots of individuals looking for rental properties. Vacation rentals are also a huge part of the community. Each year, travelers flood to Flagstaff and northern Arizona looking to visit our wonderful parks, festivals, and nearby National Parks and Monuments and love to utilize the area’s many VRBOs.

In addition, forecasters are predicting the sales prices of homes to continue to rise until at least 2022 within Flagstaff. In fact, since 2015, home prices have increased 38%.

Investing in a home or condo within Flagstaff or northern Arizona can diversify any portfolio with an almost guaranteed tenant or VRBO guest throughout the year.

Meet Best Flagstaff Homes Realty

It’s important to choose a REALTOR® that can advocate for you during the home-buying process and provide you with quick and knowledgable advice and support, especially at this price point. Best Flagstaff Homes Real Estate Agents have a long history in Flagstaff, Arizona, and have more than 100 years of combined realty experience. We’ll help you navigate the competitive housing market to create a stress-free home buying experience that you can feel great about!

Receive a custom alert when your dream house hits the market!

Fill out the form below to be notified every time a house that matches your preferences goes on the market, so you don’t miss out on your dream home!

INVESTMENT PROPERTY FAQ

What should I look for in an investment property?

When looking at investment properties, it’s important that you think about what you’re going to use the property for. Are you looking to rent out the house or condo? Are you looking to tear it down and rebuild? Are you looking for a place in Flagstaff to visit during ski season or the summer? Based on your use of the investment property, you can start to weed out properties that don’t match your needs.

For rentals, look for a place that is close to NAU or CCC and that doesn’t have expensive interior features. For a tear-down, any place that is amongst larger and more expensive homes. For a vacation-cabin, a place that is in a major neighborhood or on a major road in Flagstaff. That way your neighbors can observe and report any suspicious behavior and the roads to get to your property will be plowed during the winter.

How will an investment property affect my taxes?

Depending on how you use your investment property, it can affect your owed taxes in a positive or negative way. If you are renting out your property less than 15 days a year, the property is considered “personal-use” by the IRS and you will pay regular mortgage interest, property taxes, etc.- like a normal home. If you are using your property as a rental, you can deduct all expenses and interests– effectively paying less on your taxes. We advise you consult with a tax specialist or attorney before you decide to purchase an investment property so you can file your taxes correctly.

 

Are rental properties in Flagstaff a good investment?

Yes! Rental properties in Flagstaff or northern Arizona can be very profitable. Thanks to the influx of young professionals, graduate and undergraduate students, there is a regular stream of tenants looking for rental properties. In addition, owning a rental property allows you to deduct almost all expenses related to the house or condo like property taxes, repairs, insurance, and general operation expenses.

What should I have for a down payment?

For investment properties, especially if you’re not going to be living there, it is recommended to have at least 20% of the home’s value for the down payment.

Do I need to have any previous landlord experience to buy a rental property?

Yes and no. Most mortgage lenders require prior landlord experience, as much as two years with some lenders. If you don’t have any prior landlord experience, having a solid and stable income or outsourcing the property management entirely can provide enough confidence to secure a mortgage.

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