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!

10 matches found

$620,000
2021 N 3rd Street, Flagstaff, AZ 86004
View Photos (50)
Property Type: Multi-Family
Square Footage: 2064
Year Built: 1958
Area: 400 - Sunnyside
Description: Rare Opportunity - 2 Homes on 1 Lot in Flagstaff! Don't miss this fully ...
Listing Office: RE/MAX Fine Properties
Last Updated: June - 21 - 2025
IDX
$5,300,000
315 N Bonito Street, Flagstaff, AZ 86001
View Photos (6)
Property Type: Multi-Family
Square Footage: 13972
Year Built: 1973
Area: 145 - Flagstaff Townsite
Description: Introducing a premier investment opportunity in the heart of downtown Flags...
Listing Office: West USA Realty Flagstaff
Last Updated: June - 18 - 2025
IDX
$925,000
14 S Trail Of The Woods, Flagstaff, AZ 86001
View Photos (13)
Property Type: Multi-Family
Square Footage: 2795
Year Built: 2006
Area: 160 - Southside/ Brannen
Description: Discover this highly desired duplex at 14 S Trail Of The Woods in Flagstaff...
Listing Office: Coldwell Banker Northland
Last Updated: June - 18 - 2025
IDX
$1,899,000
2420 N West Street, Flagstaff, AZ 86004
View Photos (48)
Property Type: Multi-Family
Square Footage: 6300
Year Built: 1972
Area: 400 - Sunnyside
Description: Don't miss this rare opportunity to own an 8-unit, single-level multi-famil...
Listing Office: da Vinci Realty
Last Updated: June - 16 - 2025
IDX
$390,000
1729 N East Street, Flagstaff, AZ 86004
View Photos (58)
Property Type: Multi-Family
Square Footage: 1658
Year Built: 1947
Area: 400 - Sunnyside
Description: Don't miss this incredible opportunity to own a multi-family zoned fixer-up...
Listing Office: Realty85, LLC
Last Updated: June - 02 - 2025
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69 matches found

$350,000
University Meadows Condos
View Photos (15)
Property Type: Residential
# of Bedrooms: 2
# of Bathrooms: 2
Square Footage: 851
Year Built: 1983
Area: 155 - University Meadows
Description: Very well maintained condo located adjacent to NAU, a student can walk righ...
Listing Office: Robinson and Associates R.E
Last Updated: June - 23 - 2025
IDX
$359,900
1385 W University Avenue, 176, Flagstaff, AZ 86001
View Photos (21)
Property Type: Residential
# of Bedrooms: 2
# of Bathrooms: 2
Square Footage: 906
Year Built: 1995
Area: 172 - Woodlands Area
Subdivision: Arbors Condominiums
Description: Great location Arbors Condos minutes to NAU, bus route to campus downtown, ...
Listing Office: West USA Realty
Last Updated: June - 23 - 2025
IDX
$289,000
1185 W University Drive, 15-222, Flagstaff, AZ 86001
View Photos (12)
Status: Pending - Take Backup
Property Type: Residential
# of Bedrooms: 1
# of Bathrooms: 1
Square Footage: 682
Year Built: 1995
Area: 172 - Woodlands Area
Subdivision: Arbors Condominiums
Description: Don't miss out on this 2nd floor unit! Welcome to this prime location 2nd f...
Listing Office: Better Homes and Gardens Real Estate Grand View North
Last Updated: June - 23 - 2025
IDX
$299,999
2650 N Valley View Road, 225, Flagstaff, AZ 86004
View Photos (58)
Property Type: Residential
# of Bedrooms: 1
# of Bathrooms: 1
Square Footage: 565
Year Built: 1985
Area: 347 - Tanglewood
Subdivision: Tanglewood Villas
Description: This cozy 1 bedroom, 1 bathroom condo offers 565 square feet of space, unli...
Listing Office: West USA Realty Flagstaff
Last Updated: June - 22 - 2025
IDX
$399,900
Kitchen - Designer Color Package - Aubineau-Gray
View Photos (11)
Property Type: Residential
# of Bedrooms: 1
# of Bathrooms: 1
Square Footage: 888
Year Built: 2024
Area: 135 - Switzer Mesa/Ridge
Description: MLS Sales price is base price + unit price & options. This large, comfortab...
Listing Office: Miramonte Homes
Last Updated: June - 22 - 2025
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43 matches found

$525,000
1637 N Fairway Drive, Flagstaff, AZ 86004
View Photos (19)
Property Type: Residential
# of Bedrooms: 2
# of Bathrooms: 2
Square Footage: 1057
Year Built: 1981
Area: 335 - Continental Cntry Clb
Subdivision: Lakewood Village
Description: Discover a peaceful single-level home steps away from the golf course. This...
Listing Office: Coldwell Banker Northland
Last Updated: June - 23 - 2025
IDX
$525,000
4100 E Village Circle, Flagstaff, AZ 86004
View Photos (17)
Property Type: Residential
# of Bedrooms: 3
# of Bathrooms: 2.5
Square Footage: 1477
Year Built: 1995
Area: 325 - Elk Run
Subdivision: Village At Elk Run
Description: This charming townhouse offers the perfect blend of comfort and convenience...
Listing Office: Linton Real Estate
Last Updated: June - 23 - 2025
IDX
$759,000
2886 W Presidio Drive, Flagstaff, AZ 86001
View Photos (30)
Property Type: Residential
# of Bedrooms: 3
# of Bathrooms: 2.5
Square Footage: 2340
Year Built: 2020
Area: 185 - Presidio
Subdivision: Miramonte At Presidio In The Pines
Description: Exquisite townhome nestled in the desirable and welcoming enclave of Presid...
Listing Office: Century 21 Flagstaff Realty
Last Updated: June - 23 - 2025
IDX
$675,000
4435 E Savannah Circle, Flagstaff, AZ 86004
View Photos (32)Videos (1)
Property Type: Residential
# of Bedrooms: 3
# of Bathrooms: 2.5
Square Footage: 2008
Year Built: 2001
Area: 315 - Foxglenn
Description: Experience elevated living in this serene townhome nestled among majestic P...
Listing Office: RE/MAX Fine Properties
Last Updated: June - 23 - 2025
IDX
$539,500
2548 S Gravel Lane, Flagstaff, AZ 86001
View Photos (28)
Property Type: Residential
# of Bedrooms: 3
# of Bathrooms: 2.5
Square Footage: 1345
Year Built: 2002
Area: 170 - Boulder Pointe
Description: Welcome home to this beautiful Boulder Point townhome. Perfect 3 bed and 2....
Listing Office: RE/MAX Fine Properties
Last Updated: June - 23 - 2025
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58 matches found

$350,000
University Meadows Condos
View Photos (15)
Property Type: Residential
# of Bedrooms: 2
# of Bathrooms: 2
Square Footage: 851
Year Built: 1983
Area: 155 - University Meadows
Description: Very well maintained condo located adjacent to NAU, a student can walk righ...
Listing Office: Robinson and Associates R.E
Last Updated: June - 23 - 2025
IDX
$359,900
1385 W University Avenue, 176, Flagstaff, AZ 86001
View Photos (21)
Property Type: Residential
# of Bedrooms: 2
# of Bathrooms: 2
Square Footage: 906
Year Built: 1995
Area: 172 - Woodlands Area
Subdivision: Arbors Condominiums
Description: Great location Arbors Condos minutes to NAU, bus route to campus downtown, ...
Listing Office: West USA Realty
Last Updated: June - 23 - 2025
IDX
$559,000
3001 E Butler Avenue, 21, Flagstaff, AZ 86004
View Photos (32)Virtual Tours (1)
Property Type: Residential
# of Bedrooms: 2
# of Bathrooms: 2.5
Square Footage: 1092
Year Built: 2023
Area: 306 - Woodshire
Subdivision: Woodshire On Butler Condo
Description: Stunning TURN KEY move in ready detached 2 floor bungalow style condo on a ...
Listing Office: Village Land Shoppe
Last Updated: June - 22 - 2025
IDX
$750,000
4759 W Quick Draw, Flagstaff, AZ 86005
View Photos (42)
Property Type: Residential
# of Bedrooms: 3
# of Bathrooms: 3
Square Footage: 2848
Year Built: 2005
Area: 800 - Flagstaff Ranch
Subdivision: Aspen Shadows Condo
Description: This beautiful penthouse condominium in Flagstaff Ranch Golf Club offers a ...
Listing Office: Russ Lyon Sothebys Intl Realty
Last Updated: June - 22 - 2025
IDX
$299,999
2650 N Valley View Road, 225, Flagstaff, AZ 86004
View Photos (58)
Property Type: Residential
# of Bedrooms: 1
# of Bathrooms: 1
Square Footage: 565
Year Built: 1985
Area: 347 - Tanglewood
Subdivision: Tanglewood Villas
Description: This cozy 1 bedroom, 1 bathroom condo offers 565 square feet of space, unli...
Listing Office: West USA Realty Flagstaff
Last Updated: June - 22 - 2025
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126 matches found

$318,000
5525 Lene Lane, Flagstaff, AZ 86004
View Photos (5)
Property Type: Land
Area: 565 - Townsend Winona Valley
Description: This gorgeous 2.54-acre property offers the perfect mix of privacy and conv...
Listing Office: Coldwell Banker Northland
Last Updated: June - 23 - 2025
IDX
$675,000
0 U.S. Rte 66, Flagstaff, AZ 86001
View Photos (15)
Property Type: Land
Area: 186- Timber Sky
Description: Incredible opportunity to own a prime piece of commercial real estate in Fl...
Listing Office: da Vinci Realty
Last Updated: June - 23 - 2025
IDX
$199,500
17375 Crystal Brook Place, Munds Park, AZ 86017
View Photos (5)
Property Type: Land
Area: 740 - Munds Park/ Pinewood
Subdivision: Pinewood
Description: This lot is a hidden gem secluded from the road. A long driveway that open...
Listing Office: Re/MAX Fine Properties
Last Updated: June - 22 - 2025
IDX
$275,000
Spectacular Peak Views
View Photos (12)
Property Type: Land
Area: 585 - Cosnino Road Area
Description: 2.28 Acres Backing National Forest-Build your Dream Spot in the Pines! Thi...
Listing Office: RE/MAX Fine Properties
Last Updated: June - 21 - 2025
IDX
$229,000
5356 Stonehouse Drive, Flagstaff, AZ 86005
View Photos (29)
Property Type: Land
Area: 710 - Elk Park Meadows
Subdivision: Elk Park Meadows
Description: OWN YOUR PRIVATE POND in the Forest and make beautiful memories! This is a ...
Listing Office: Unique Homes Realty Inc.
Last Updated: June - 19 - 2025
IDX

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10 matches found

$620,000
2021 N 3rd Street, Flagstaff, AZ 86004
View Photos (50)
Property Type: Multi-Family
Square Footage: 2064
Year Built: 1958
Area: 400 - Sunnyside
Description: Rare Opportunity - 2 Homes on 1 Lot in Flagstaff! Don't miss this fully ...
Listing Office: RE/MAX Fine Properties
Last Updated: June - 21 - 2025
IDX
$5,300,000
315 N Bonito Street, Flagstaff, AZ 86001
View Photos (6)
Property Type: Multi-Family
Square Footage: 13972
Year Built: 1973
Area: 145 - Flagstaff Townsite
Description: Introducing a premier investment opportunity in the heart of downtown Flags...
Listing Office: West USA Realty Flagstaff
Last Updated: June - 18 - 2025
IDX
$925,000
14 S Trail Of The Woods, Flagstaff, AZ 86001
View Photos (13)
Property Type: Multi-Family
Square Footage: 2795
Year Built: 2006
Area: 160 - Southside/ Brannen
Description: Discover this highly desired duplex at 14 S Trail Of The Woods in Flagstaff...
Listing Office: Coldwell Banker Northland
Last Updated: June - 18 - 2025
IDX
$1,899,000
2420 N West Street, Flagstaff, AZ 86004
View Photos (48)
Property Type: Multi-Family
Square Footage: 6300
Year Built: 1972
Area: 400 - Sunnyside
Description: Don't miss this rare opportunity to own an 8-unit, single-level multi-famil...
Listing Office: da Vinci Realty
Last Updated: June - 16 - 2025
IDX
$390,000
1729 N East Street, Flagstaff, AZ 86004
View Photos (58)
Property Type: Multi-Family
Square Footage: 1658
Year Built: 1947
Area: 400 - Sunnyside
Description: Don't miss this incredible opportunity to own a multi-family zoned fixer-up...
Listing Office: Realty85, LLC
Last Updated: June - 02 - 2025
IDX
$499,000
2315 N Center Street, Flagstaff, AZ 86004
View Photos (26)
Property Type: Multi-Family
Square Footage: 2162
Year Built: 1963
Area: 400 - Sunnyside
Description: Great investment opportunity in Sunnyside! This duplex features two 3-bedro...
Listing Office: RE/MAX Fine Properties
Last Updated: June - 02 - 2025
IDX
$565,000
3580 N Jamison Boulevard, Flagstaff, AZ 86004
View Photos (24)
Property Type: Multi-Family
Square Footage: 1430
Year Built: 1963
Area: 425 - Upper Greenlaw
Description: Excellent investment opportunity in Flagstaff's desirable Upper Greenlaw ne...
Listing Office: Realty Executives of Northern Arizona
Last Updated: May - 30 - 2025
IDX
$1,550,000
Front View
View Photos (36)
Property Type: Multi-Family
Square Footage: 3366
Year Built: 2021
Area: 145 - Flagstaff Townsite
Description: Modern Downtown Flagstaff Duplex - Prime Investment Opportunity! Check o...
Listing Office: West USA Realty Flagstaff
Last Updated: April - 18 - 2025
IDX
$2,500,000
1919 E Arrowhead Avenue, Flagstaff, AZ 86004
View Photos (8)
Property Type: Multi-Family
Square Footage: 6688
Year Built: 2025
Area: 400 - Sunnyside
Description: This is an investor's dream - two duplexes in the heart of east Flagstaff's...
Listing Office: Core Realty Professionals
Last Updated: November - 07 - 2024
IDX
$1,250,000
1919 E Arrowhead Avenue, Flagstaff, AZ 86004
View Photos (8)
Property Type: Multi-Family
Square Footage: 3344
Year Built: 2024
Area: 400 - Sunnyside
Description: This is an investor's dream - a new duplex in the heart of east Flagstaff's...
Listing Office: Core Realty Professionals
Last Updated: November - 07 - 2024
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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Contact Us

5 W Cherry Ave
Flagstaff, AZ 86001
(928) 714-0001
[email protected]

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