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!

8 matches found

$899,900
310 W Navajo Road, Flagstaff, AZ 86001
View Photos (37)
Property Type: Multi-Family
Square Footage: 1932
Year Built: 1956
Area: 125 - Coconino Estates
Description: Here it is! The Coconino Estates home with an ADU you've been waiting for! ...
Listing Office: eXp Realty
Last Updated: July - 17 - 2024
IDX
$1,950,000
Front of Duplex or convert back to single family
View Photos (68)Virtual Tours (1)
Property Type: Multi-Family
Square Footage: 3105
Year Built: 1916
Area: 145 - Flagstaff Townsite
Description: Rare opportunity to own this unique property in Downtown Flagstaff. Three r...
Listing Office: Village Land Shoppe
Last Updated: July - 15 - 2024
IDX
$1,195,000
215 W Elm Avenue, Flagstaff, AZ 86001
View Photos (70)
Property Type: Multi-Family
Square Footage: 2278
Year Built: 1947
Area: 145 - Flagstaff Townsite
Description: Investors! In the heart of downtown Flagstaff an incredible opportunity to ...
Listing Office: Russ Lyon Sothebys International Realty
Last Updated: July - 09 - 2024
IDX
$1,050,000
621 W Cherry Avenue, Flagstaff, AZ 86001
View Photos (32)
Property Type: Multi-Family
Year Built: 1920
Area: 145 - Flagstaff Townsite
Description: Fabulous investment opportunity in Downtown Flagstaff. This historic Craft...
Listing Office: RE/MAX Fine Properties
Last Updated: July - 03 - 2024
IDX
$649,000
3578 N Alta Vista Drive, Flagstaff, AZ 86004
View Photos (39)
Property Type: Multi-Family
Square Footage: 2142
Year Built: 1966
Area: 425 - Upper Greenlaw
Description: Explore an exceptional investment opportunity with this single-level duplex...
Listing Office: Linton Real Estate
Last Updated: July - 01 - 2024
IDX

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52 matches found

$199,000
4489 E Wintergreen Road, Flagstaff, AZ 86004
View Photos (3)
Property Type: Residential
# of Bedrooms: 3
# of Bathrooms: 2
Square Footage: 1248
Year Built: 1977
Area: 440 - Christmas Tree
Subdivision: Christmas Tree
Description: Great opportunity to own a primary residence or income producing rental rig...
Listing Office: Village Land Shoppe
Last Updated: July - 22 - 2024
IDX
$389,900
2743 Tishepi Trail, Flagstaff, AZ 86005
View Photos (25)Virtual Tours (1)
Property Type: Residential
# of Bedrooms: 2
# of Bathrooms: 2
Square Footage: 1056
Year Built: 2019
Area: 720 - Kachina Village
Subdivision: Kachina Village
Description: Nestled in the Ponderosa Pines is this meticulously cared for spacious 2 be...
Listing Office: Village Land Shoppe (Branch)
Last Updated: July - 22 - 2024
IDX
$384,000
2712 N Rose Street, Flagstaff, AZ 86004
View Photos (23)
Property Type: Residential
# of Bedrooms: 2
# of Bathrooms: 1
Square Footage: 896
Year Built: 1960
Area: 400 - Sunnyside
Description: SELLER IS MOTIVATED AND WILLING TO HELP PAY FOR THE BUYERS CLOSING COSTS! O...
Listing Office: RE/MAX Fine Properties
Last Updated: July - 22 - 2024
IDX
$202,070
Tiny House Village Unit 6-8 Exterior
View Photos (25)
Property Type: Residential
# of Bedrooms: 1
# of Bathrooms: 1
Square Footage: 607
Year Built: 2023
Area: 317 - Tiny House Village
Subdivision: Tiny House Village Flagstaff
Description: Welcome to Tiny House Village Flagstaff! Located in the center of Flagstaff...
Listing Office: Jackson Associates
Last Updated: July - 21 - 2024
IDX
$204,105
1411 N Fourth Street, Plan B, Flagstaff, AZ 86004
View Photos (22)Virtual Tours (1)
Property Type: Residential
# of Bedrooms: 2
# of Bathrooms: 1
Square Footage: 640
Year Built: 2023
Area: 317 - Tiny House Village
Subdivision: Tiny House Village Flagstaff
Description: Welcome to Tiny House Village Flagstaff! Located in the center of Flagstaff...
Listing Office: Jackson Associates
Last Updated: July - 21 - 2024
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30 matches found

$555,000
4525 E Wild Elk Trail, Flagstaff, AZ 86004
View Photos (32)
Property Type: Residential
# of Bedrooms: 3
# of Bathrooms: 2.5
Square Footage: 1504
Year Built: 1997
Area: 325 - Elk Run
Description: Great location! Beautiful townhome in Elk Run! Large backyard with artifici...
Listing Office: Realty Executives of Flagstaff, LLC
Last Updated: July - 22 - 2024
IDX
$697,616
654 N Snowberry Circle, Lot 45, Flagstaff, AZ 86004
View Photos (4)
Property Type: Residential
# of Bedrooms: 3
# of Bathrooms: 2.5
Square Footage: 1821
Year Built: 2024
Area: 307 - Canyon Del Rio
Subdivision: Canyon Del Rio The Point
Listing Office: Valley Peaks Realty
Last Updated: July - 22 - 2024
IDX
$569,900
3334 S Litzler Drive, Flagstaff, AZ 86005
View Photos (14)
Open House (08/04/2024 - 1:00 pm)
Property Type: Residential
# of Bedrooms: 4
# of Bathrooms: 3.5
Square Footage: 1688
Year Built: 2002
Area: 255 - University Heights
Description: 4-bed, 3.5-bath home ideally positioned near NAU, CCC, and downtown Flagsta...
Listing Office: Schraufnagel Real Estate LLC
Last Updated: July - 22 - 2024
IDX
$768,500
1369 S Maricopa Street, Flagstaff, AZ 86001
View Photos (37)
Property Type: Residential
# of Bedrooms: 3
# of Bathrooms: 2.5
Square Footage: 2140
Year Built: 2011
Area: 222 - Pine Knoll
Subdivision: Pine Knoll Village
Description: Conveniently Located, Mountain Views and close to shopping and trails with...
Listing Office: HomeSmart
Last Updated: July - 22 - 2024
IDX
$700,000
2527 W Josselyn Drive, Flagstaff, AZ 86001
View Photos (36)
Property Type: Residential
# of Bedrooms: 4
# of Bathrooms: 3
Square Footage: 2332
Year Built: 2018
Area: 185 - Presidio
Subdivision: Presidio in the Pines
Description: This home was totally upgraded when it was built & this second owner has co...
Listing Office: Russ Lyon Sothebys International Realty
Last Updated: July - 21 - 2024
IDX

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45 matches found

$540,000
65 Verde Valley School Rd, A16, Sedona, AZ 86351
View Photos (32)Virtual Tours (1)
Property Type: Residential
# of Bedrooms: 3
# of Bathrooms: 2
Square Footage: 1270
Year Built: 1984
Area: 65 - Sedona
Subdivision: Oak Creek Estados
Description: Your fully furnished retreat is waiting nestled in the picturesque communit...
Listing Office: Best Flagstaff Homes Realty
Last Updated: July - 22 - 2024
IDX
$525,000
Property Type: Residential
# of Bedrooms: 2
# of Bathrooms: 1
Square Footage: 844
Year Built: 2007
Area: 65 - Sedona
Description: Pine Terrace Condos offer luxury living in Sedona. With only 5 units, it's ...
Listing Office: Real Broker AZ, LLC
Last Updated: July - 22 - 2024
IDX
$1,778,000
3002 S Clubhouse Circle, 59, Flagstaff, AZ 86005
View Photos (12)
Property Type: Residential
# of Bedrooms: 3
# of Bathrooms: 3
Year Built: 2025
Area: 220 - Pine Canyon
Subdivision: Pine Canyon
Description: Marketing Coming Soon....
Listing Office: Symmetry Realty Brokerage
Last Updated: July - 21 - 2024
IDX
$1,558,000
3002 S Clubhouse Circle, 57, Flagstaff, AZ 86005
View Photos (12)
Property Type: Residential
# of Bedrooms: 3
# of Bathrooms: 3
Year Built: 2025
Area: 220 - Pine Canyon
Subdivision: Pine Canyon
Description: Marketing Coming Soon....
Listing Office: Symmetry Realty Brokerage
Last Updated: July - 21 - 2024
IDX
$599,900
single family ground level
View Photos (40)
Property Type: Residential
# of Bedrooms: 3
# of Bathrooms: 2
Square Footage: 1768
Year Built: 2021
Area: 800 - Flagstaff Ranch
Subdivision: Flagstaff Ranch
Description: Almost brand-new SINGLE LEVEL, condo in one of Arizona's top private luxury...
Listing Office: Best Flagstaff Homes Realty
Last Updated: July - 20 - 2024
IDX

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111 matches found

$2,470,000
Breathtaking Views of the San Francisco Peaks!
View Photos (64)Virtual Tours (1)
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: July - 22 - 2024
IDX
$280,000
10502 N Nash Road, Parks, AZ 86018
View Photos (9)
Property Type: Land
Area: 888 - Other Parks Area
Description: A truly lovely piece of land with stunning mountain views! The mountain v...
Listing Office: Coldwell Banker Northland
Last Updated: July - 22 - 2024
IDX
$350,000
24380 Condor Road, Flagstaff, AZ 86001
View Photos (18)
Property Type: Land
Area: 635 - Kendrick/Crowley
Description: WOW! Just under 5 beautiful acres that is completely fenced in Kendrick Par...
Listing Office: RE/MAX Fine Properties
Last Updated: July - 21 - 2024
IDX
$195,000
5356 Stonehouse Drive, Flagstaff, AZ 86005
View Photos (29)
Property Type: Land
Area: 710 - Elk Park Meadows
Subdivision: Elk Park Meadows
Description: BUILD YOUR DREAM CABIN! Water well, Sewer, and Solar Power are already inst...
Listing Office: Unique Homes Realty Inc.
Last Updated: July - 21 - 2024
IDX
$399,000
2197 N Running Deer Street, 1, Flagstaff, AZ 86004
View Photos (20)
Property Type: Land
Area: 350 - Walnut Ridge
Description: Gorgeous .64 acre lot in highly desirable Walnut Ridge! Build your dream ho...
Listing Office: Zion Realty, LLC
Last Updated: July - 20 - 2024
IDX

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8 matches found

$899,900
310 W Navajo Road, Flagstaff, AZ 86001
View Photos (37)
Property Type: Multi-Family
Square Footage: 1932
Year Built: 1956
Area: 125 - Coconino Estates
Description: Here it is! The Coconino Estates home with an ADU you've been waiting for! ...
Listing Office: eXp Realty
Last Updated: July - 17 - 2024
IDX
$1,950,000
Front of Duplex or convert back to single family
View Photos (68)Virtual Tours (1)
Property Type: Multi-Family
Square Footage: 3105
Year Built: 1916
Area: 145 - Flagstaff Townsite
Description: Rare opportunity to own this unique property in Downtown Flagstaff. Three r...
Listing Office: Village Land Shoppe
Last Updated: July - 15 - 2024
IDX
$1,195,000
215 W Elm Avenue, Flagstaff, AZ 86001
View Photos (70)
Property Type: Multi-Family
Square Footage: 2278
Year Built: 1947
Area: 145 - Flagstaff Townsite
Description: Investors! In the heart of downtown Flagstaff an incredible opportunity to ...
Listing Office: Russ Lyon Sothebys International Realty
Last Updated: July - 09 - 2024
IDX
$1,050,000
621 W Cherry Avenue, Flagstaff, AZ 86001
View Photos (32)
Property Type: Multi-Family
Year Built: 1920
Area: 145 - Flagstaff Townsite
Description: Fabulous investment opportunity in Downtown Flagstaff. This historic Craft...
Listing Office: RE/MAX Fine Properties
Last Updated: July - 03 - 2024
IDX
$649,000
3578 N Alta Vista Drive, Flagstaff, AZ 86004
View Photos (39)
Property Type: Multi-Family
Square Footage: 2142
Year Built: 1966
Area: 425 - Upper Greenlaw
Description: Explore an exceptional investment opportunity with this single-level duplex...
Listing Office: Linton Real Estate
Last Updated: July - 01 - 2024
IDX
$715,000
Street View
View Photos (4)
Property Type: Multi-Family
Square Footage: 1800
Year Built: 1997
Area: 400 - Sunnyside
Description: Well built duplex in desirable location. Units back undeveloped land with v...
Listing Office: Realty One Group, Mountain Desert
Last Updated: June - 14 - 2024
IDX
$725,000
Street View
View Photos (8)
Property Type: Multi-Family
Square Footage: 2048
Year Built: 2001
Area: 400 - Sunnyside
Description: Well built duplex in desirable location. Heavily treed lot backs undevelope...
Listing Office: Realty One Group, Mountain Desert
Last Updated: June - 14 - 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: April - 22 - 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

120 N Beaver St. | Suite 100
Flagstaff, AZ 86001
(928) 714-0001
[email protected]

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