Investment Homes in
Flagstaff and Northern Arizona

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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!

5 matches found

$995,000
521 S San Francisco Street, Flagstaff, AZ 86001
View Photos (11)
Property Type: Multi-Family
Square Footage: 2065
Year Built: 1950
Area: 160 - Southside/ Brannen
Description: ''LOCATION LOCATION LOCATION!!! One of Flagstaff's most successful Vacation...
Listing Office: Congress Realty
Last Updated: July - 30 - 2021
IDX
$1,500,000
This building has 3 units!
View Photos (61)Virtual Tours (1)
Property Type: Multi-Family
Square Footage: 4816
Year Built: 1995
Area: 400 - Sunnyside
Description: Options and Opportunity! Rent units 2 and 3 and live in the big Unit 1. A...
Listing Office: Village Land Shoppe (Branch)
Last Updated: July - 30 - 2021
IDX
$950,000
6 E Terrace Avenue, Flagstaff, AZ 86001
View Photos (38)
Property Type: Multi-Family
Year Built: 1940
Area: 140 - Pinecrest/Cherry Hill
Listing Office: Set in Stone Realty
Last Updated: July - 08 - 2021
IDX
$1,600,000
323 S Elden Street, Flagstaff, AZ 86001
View Photos (49)
Property Type: Multi-Family
Square Footage: 4944
Year Built: 1960
Area: 160 - Southside/ Brannen
Description: 323 South Elden Street offers investors a unique opportunity to capitalize ...
Listing Office: ABI Multifamily
Last Updated: June - 17 - 2021
IDX
$975,000
2017 N Center Street, Flagstaff, AZ 86004
View Photos (54)
Property Type: Multi-Family
Square Footage: 4560
Year Built: 1979
Area: 400 - Sunnyside
Description: LISTING INCLUDES PROPERTY AT 2021 N. CENTER ST. APN # 107-02-092. 2 Very We...
Listing Office: RE/MAX Fine Properties
Last Updated: June - 10 - 2021
IDX

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61 matches found

$374,000
2511 E Joshua Lane, Flagstaff, AZ 86004
View Photos (11)
Open House (08/07/2021 - 11:00 am)
Property Type: Residential
# of Bedrooms: 2
# of Bathrooms: 2
Square Footage: 1416
Year Built: 1985
Area: 430 - Lower Greenlaw
Description: You will love the cozy fireplace in this cute 2 bedroom, 2 bathroom townhom...
Listing Office: Keller Williams Northern Arizona
Last Updated: August - 04 - 2021
IDX
$399,900
View
View Photos (26)
Property Type: Residential
# of Bedrooms: 1
Square Footage: 901
Year Built: 1995
Area: 625 - Hart Prairie Area
Description: ABSOLUTE SLICE OF HEAVEN! Aspen, Ponderosa Pine and a Beautiful Meadow is t...
Listing Office: RE/MAX Fine Properties
Last Updated: August - 04 - 2021
IDX
$179,000
2938 Mesa Trail, Flagstaff, AZ 86005
View Photos (22)
Status: Pending - Take Backup
Property Type: Residential
# of Bedrooms: 3
# of Bathrooms: 2
Square Footage: 1152
Year Built: 1987
Area: 720 - Kachina Village
Description: This mountain home is situated on a heavily tree'd lot just minutes from Fl...
Listing Office: Keller Williams Arizona Living Realty
Last Updated: August - 04 - 2021
IDX
$365,000
271 Kiowa Street, Flagstaff, AZ 86005
View Photos (4)
Property Type: Residential
# of Bedrooms: 1
# of Bathrooms: 1
Square Footage: 787
Year Built: 1970
Area: 730 - Mountainaire
Description: Unique octagon style home. Newer vinyl plank flooring and remodeled bathroo...
Listing Office: Congress Realty
Last Updated: August - 03 - 2021
IDX
$329,000
5411 N Thornton Place, Flagstaff, AZ 86004
View Photos (24)
Status: Pending - Take Backup
Property Type: Residential
# of Bedrooms: 4
# of Bathrooms: 2
Square Footage: 1628
Year Built: 2001
Area: 455 - Timberview Village
Description: Excellent condition in Timberview Village! Lots of room in this 4 bedroom ...
Listing Office: Elevated Realty LLC
Last Updated: August - 03 - 2021
IDX

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9 matches found

$374,000
2511 E Joshua Lane, Flagstaff, AZ 86004
View Photos (11)
Open House (08/07/2021 - 11:00 am)
Property Type: Residential
# of Bedrooms: 2
# of Bathrooms: 2
Square Footage: 1416
Year Built: 1985
Area: 430 - Lower Greenlaw
Description: You will love the cozy fireplace in this cute 2 bedroom, 2 bathroom townhom...
Listing Office: Keller Williams Northern Arizona
Last Updated: August - 04 - 2021
IDX
$350,000
4551 E Allison Drive, Flagstaff, AZ 86004
View Photos (16)
Property Type: Residential
# of Bedrooms: 3
# of Bathrooms: 2.5
Square Footage: 1524
Year Built: 2002
Area: 440 - Christmas Tree
Description: A Rare Find in Flagstaff right now. A 3 bedroom 2.5 bath with fenced back y...
Listing Office: RE/MAX Fine Properties
Last Updated: August - 03 - 2021
IDX
$560,000
2800 N Saddleback Way, 2, Flagstaff, AZ 86004
View Photos (24)
Property Type: Residential
# of Bedrooms: 2
# of Bathrooms: 2.25
Square Footage: 1905
Year Built: 1985
Area: 335 - Continental Cntry Clb
Description: This gorgeous Country Club townhome boasts an open floor plan with tongue a...
Listing Office: Flagstaff Innovative Realty
Last Updated: August - 03 - 2021
IDX
$399,000
2374 W Cripple Creek Drive, Flagstaff, AZ 86001
View Photos (16)
Property Type: Residential
# of Bedrooms: 2
# of Bathrooms: 2.5
Square Footage: 1274
Year Built: 2007
Area: 180 - Railroad Springs
Description: Beautiful Two bedroom, two and half bath townhome on the west side. Two ma...
Listing Office: Coldwell Banker Northland
Last Updated: August - 03 - 2021
IDX
$500,000
4041 N Pipit Place, Flagstaff, AZ 86004
View Photos (30)
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. 3 bedroom (master on the main), 2.5 bath recently updated...
Listing Office: Russ Lyon Sothebys International Realty
Last Updated: August - 02 - 2021
IDX

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6 matches found

$232,000
Front
View Photos (13)
Property Type: Residential
# of Bedrooms: 3
# of Bathrooms: 2
Square Footage: 1081
Year Built: 1987
Area: 400 - Sunnyside
Description: This upstairs unit has some great views of the mountains, and the mesa with...
Listing Office: Robinson and Associates R.E
Last Updated: August - 02 - 2021
IDX
$695,000
4804 W Braided Rein, Flagstaff, AZ 86005
View Photos (32)
Property Type: Residential
# of Bedrooms: 4
# of Bathrooms: 3
Square Footage: 2740
Year Built: 2021
Area: 800 - Flagstaff Ranch
Description: Beautiful NEW Flagstaff Ranch Condo. Huge 2740 sq/ft 4 bedroom 3 baths over...
Listing Office: RE/MAX Peak Properties
Last Updated: August - 02 - 2021
IDX
$378,650
1650 E Ponderosa Parkway Bldg 4, 319, Flagstaff, AZ 86001
View Photos (2)
Property Type: Residential
# of Bedrooms: 2
# of Bathrooms: 2
Square Footage: 1260
Year Built: 2022
Area: 135 - Switzer Mesa/Ridge
Description: TOP FLOOR UNIT!! MIRAMONTE at PONDEROSA PARKWAY Phase 2 NOW OPEN FOR SALE...
Listing Office: Long Realty in the Pines
Last Updated: July - 31 - 2021
IDX
$329,900
2735 N Walnut Hills Drive, 66, Flagstaff, AZ 86004
View Photos (25)Virtual Tours (1)
Property Type: Residential
# of Bedrooms: 2
# of Bathrooms: 2
Square Footage: 1162
Year Built: 1989
Area: 335 - Continental Cntry Clb
Description: Just in time to enjoy the beautiful Flagstaff summers this 2 Bed, 2 Bath To...
Listing Office: Realty Executives of Flagstaff
Last Updated: July - 27 - 2021
IDX
$409,900
1650 Ponderosa Parkway, 217, Flagstaff, AZ 86001
View Photos (2)
Property Type: Residential
# of Bedrooms: 3
# of Bathrooms: 2
Square Footage: 1370
Year Built: 2022
Area: 135 - Switzer Mesa/Ridge
Description: MIRAMONTE at PONDEROSA PARKWAY | NOW OPEN FOR SALES! Starting in the mid $...
Listing Office: Long Realty in the Pines
Last Updated: July - 25 - 2021
IDX

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78 matches found

$8,000,000
7410 Leupp Road, Flagstaff, AZ 86004
View Photos (1)
Property Type: Land
Area: 590 - Leupp/Winona Area
Description: Largest Heavy Industrial parcel in the region is now available in the Leupp...
Listing Office: 1st Brokers Realty
Last Updated: August - 03 - 2021
IDX
$269,900
4735 S Flagstaff Ranch Road, 115, Flagstaff, AZ 86005
View Photos (10)
Property Type: Land
Area: 800 - Flagstaff Ranch
Description: Great Flagstaff Ranch lot very secluded backing Coconino National Forest. ...
Listing Office: RE/MAX Fine Properties
Last Updated: August - 03 - 2021
IDX
$147,000
4848 W Laskin Trail, Flagstaff, AZ 86001
View Photos (39)
Property Type: Land
Area: 620 - Fort Valley/Baderville
Description: Private water company. Unobstructed views of the San Francisco and panorami...
Listing Office: Realty Executives of Flagstaff
Last Updated: August - 02 - 2021
IDX
$400,000
12194 Daniel Way, Flagstaff, AZ 86004
View Photos (2)
Property Type: Land
Area: 515 - Timberline Area Pocket
Description: TIMBERLINE ACREAGE This beautiful perimeter fenced 5 acres has beautiful v...
Listing Office: Russ Lyon Sothebys Intl Realty
Last Updated: August - 02 - 2021
IDX
$179,000
3635 Bridle Path, Flagstaff, AZ 86005
View Photos (18)
Property Type: Land
Area: 800 - Flagstaff Ranch
Description: Beautiful large lot in the Flagstaff Ranch Golf Club community! Flagstaff ...
Listing Office: Capstone Homes Realty
Last Updated: July - 31 - 2021
IDX

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5 matches found

$995,000
521 S San Francisco Street, Flagstaff, AZ 86001
View Photos (11)
Property Type: Multi-Family
Square Footage: 2065
Year Built: 1950
Area: 160 - Southside/ Brannen
Description: ''LOCATION LOCATION LOCATION!!! One of Flagstaff's most successful Vacation...
Listing Office: Congress Realty
Last Updated: July - 30 - 2021
IDX
$1,500,000
This building has 3 units!
View Photos (61)Virtual Tours (1)
Property Type: Multi-Family
Square Footage: 4816
Year Built: 1995
Area: 400 - Sunnyside
Description: Options and Opportunity! Rent units 2 and 3 and live in the big Unit 1. A...
Listing Office: Village Land Shoppe (Branch)
Last Updated: July - 30 - 2021
IDX
$950,000
6 E Terrace Avenue, Flagstaff, AZ 86001
View Photos (38)
Property Type: Multi-Family
Year Built: 1940
Area: 140 - Pinecrest/Cherry Hill
Listing Office: Set in Stone Realty
Last Updated: July - 08 - 2021
IDX
$1,600,000
323 S Elden Street, Flagstaff, AZ 86001
View Photos (49)
Property Type: Multi-Family
Square Footage: 4944
Year Built: 1960
Area: 160 - Southside/ Brannen
Description: 323 South Elden Street offers investors a unique opportunity to capitalize ...
Listing Office: ABI Multifamily
Last Updated: June - 17 - 2021
IDX
$975,000
2017 N Center Street, Flagstaff, AZ 86004
View Photos (54)
Property Type: Multi-Family
Square Footage: 4560
Year Built: 1979
Area: 400 - Sunnyside
Description: LISTING INCLUDES PROPERTY AT 2021 N. CENTER ST. APN # 107-02-092. 2 Very We...
Listing Office: RE/MAX Fine Properties
Last Updated: June - 10 - 2021
IDX

Copyright 2021 Northern Arizona Association of Realtors®. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.

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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"Jessica and the team were tremendous to work with. They made the process of selling our home simple and fluid. I would highly recommend this team to anyone looking for a knowledgeable team that knows the market."

– CHELSEA M.

"I usually don't do reviews, but Kelly has done such an outstanding job for me for several years now. I bought my first property with Kelly in 2005. She was patient and professional. She took the time to show me several properties at various price points in several areas. Once I found "the one", we wrote up an offer immediately. I still own that home and have since bought 4 additional properties with Kelly. I sold one of those with Kelly. We got the price I wanted. I will use Kelly any time I wish to do business in Flagstaff!"

– MADELINE S.

"When we were relocating to Flagstaff , it was suggested that we contact Kelly Kasprzyk and we were so fortunate to have her as our real estate agent. Kelly is not only energetic and a joy to work with, she worked tirelessly and patiently to help us find the perfect Flagstaff home for our specific needs in this new locale. She not only knows this market and details of all neighborhoods in Flag, she was also extremely helpful during all parts of the process with offering through closure and then our move in. We couldn't be happier with the results."

– PENNY D.

"We had a wonderful experience buying our home with Tad Moore. He is patient and full of knowledge. He guides us through the process and helped us make some very tough negotiations. We felt lucky to have him our corner and fighting for us. Best experience by far in purchasing a home and this will be our third. I highly recommend Tad to anyone buying a home, he is a fantastic agent!!! He will go the extra mile and then some!"

– MELISSA M.

"Tad is a dream to work with. He bears the perfect balance of personality and professionalism. Additionally, he brings a wealth of experience and knowledge to the table and never makes you feel like a burden when you have a lot of questions. His instincts are spot on, and he puts a lot of time and effort into getting to know his clients likes and dislikes so he can guide them to their dream home. I highly recommend him!"

– JAMIE D.

"We can't even begin to explain how wonderful [Best Flagstaff Homes Realty] has been! The moment we met Sara and Jessica, and later Eric, we were beyond impressed. The team's communication and hard work ethic is unmatched. and I strongly believe their " Team Concept" is one of the reasons why this particular realty group is and will continue to be so successful. We honestly can't say enough good things about Sara, Jessica and Eric because truthfully, they went way above our expectations, and we are so incredibly grateful!"

– JAN & MITCH U.

"Eric Davis was recommended by a friend who had had a good experience with him. He was very patient with us over a long period of time always easy to reach and prompt in returning our calls. We never felt like he was just trying to "make a sale" but was looking for the right home for us, and indeed, he found that home. Would recommend him highly."

– BILL & ROZ N.

"I love working with Jessica! She was there for me when I first bought my home and when I sold it to relocate. Both Jessica and Eric were great and available to help me when I needed it and I felt supported, especially during the selling process. They took something that was very scary for me and made it such an easy and painless process. I continue to recommend them to my friends in the area and highly recommend them to anyone reading this."

– JOSE RAMOS GARCIA

"Working with Jessica and Eric were extremely helpful in helping me get the perfect house. I always felt they were working for me and not just out to make a sale. Jessica returned my calls promptly and arranged viewings quickly, which is important in the Flagstaff market. I would recommend them to anyone needing help finding a home."

– CINDY S.