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!

2 matches found

$525,000
3556 N Tindle Boulevard, Flagstaff, AZ 86004
View Photos (33)
Property Type: Multi-Family
Square Footage: 1537
Year Built: 1966
Area: 425 - Upper Greenlaw
Description: This is a lovely, single level duplex in Flagstaff's very popular Upper Gre...
Listing Office: Linton Real Estate
Last Updated: April - 18 - 2024
IDX
$584,900
2315 N Center Street, Flagstaff, AZ 86004
View Photos (17)
Property Type: Multi-Family
Square Footage: 2162
Year Built: 1963
Area: 400 - Sunnyside
Description: Great investment opportunity located only 3.4 miles from Northern Arizona U...
Listing Office: Better Homes And Gardens Real Estate BloomTree Realty
Last Updated: March - 20 - 2024
IDX

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40 matches found

$380,000
3208 Toho Trail, Flagstaff, AZ 86005
View Photos (27)
Property Type: Residential
# of Bedrooms: 4
# of Bathrooms: 2
Square Footage: 1900
Year Built: 1973
Area: 720 - Kachina Village
Description: Welcome to your rustic retreat in Kachina Village! Located minutes from Fl...
Listing Office: Realty Executives of Flagstaff
Last Updated: April - 19 - 2024
IDX
$290,000
4409 N Hamblin Street, Flagstaff, AZ 86004
View Photos (20)
Property Type: Residential
# of Bedrooms: 3
# of Bathrooms: 2
Square Footage: 1120
Year Built: 1994
Area: 435 - Mobile Haven
Description: This is an amazing opportunity to call Flagstaff home. No land lease! One o...
Listing Office: Best Flagstaff Homes Realty
Last Updated: April - 19 - 2024
IDX
$385,000
4495 E Hollygreen Road, Flagstaff, AZ 86004
View Photos (22)
Property Type: Residential
# of Bedrooms: 3
# of Bathrooms: 1
Square Footage: 1098
Year Built: 1977
Area: 440 - Christmas Tree
Subdivision: Christmas Tree Estates
Description: Don't miss out on this opportunity to own a piece of Flagstaff's thriving r...
Listing Office: Village Land Shoppe (Branch)
Last Updated: April - 19 - 2024
IDX
$315,000
2605 N Pinon Ridge, 571, Flagstaff, AZ 86004
View Photos (29)
Property Type: Residential
# of Bedrooms: 1
# of Bathrooms: 1
Square Footage: 622
Year Built: 1985
Area: 347 - Tanglewood
Description: Great opportunity to own a beautiful condominium in the heart of Flagstaff'...
Listing Office: Village Land Shoppe
Last Updated: April - 19 - 2024
IDX
$224,921
Floor Plan F | Units 9-12 | 2 Bed 2 Bath | Tiny House Village Flagstaff
View Photos (20)Virtual Tours (1)
Property Type: Residential
# of Bedrooms: 2
# of Bathrooms: 2
Square Footage: 910
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: Realty Executives of Flagstaff
Last Updated: April - 18 - 2024
IDX

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21 matches found

$385,000
4495 E Hollygreen Road, Flagstaff, AZ 86004
View Photos (22)
Property Type: Residential
# of Bedrooms: 3
# of Bathrooms: 1
Square Footage: 1098
Year Built: 1977
Area: 440 - Christmas Tree
Subdivision: Christmas Tree Estates
Description: Don't miss out on this opportunity to own a piece of Flagstaff's thriving r...
Listing Office: Village Land Shoppe (Branch)
Last Updated: April - 19 - 2024
IDX
$655,000
6031 E Laurel Loop, Flagstaff, AZ 86004
View Photos (25)
Property Type: Residential
# of Bedrooms: 3
# of Bathrooms: 2
Square Footage: 1433
Year Built: 1986
Area: 330 - Coconino Cntry Club
Subdivision: Walnut Canyon Village
Description: This Walnut Canyon Village townhome sounds like a dream for anyone looking ...
Listing Office: John F. Wilson
Last Updated: April - 18 - 2024
IDX
$490,000
Gorgeous Townhome Centrally Located!
View Photos (25)
Open House (04/19/2024 - 3:00 pm)
Property Type: Residential
# of Bedrooms: 3
# of Bathrooms: 2.5
Square Footage: 1558
Year Built: 1996
Area: 430 - Lower Greenlaw
Subdivision: Greenlaw Townhouses Unit 3
Description: Centrally located, 3-Bedroom 2.5 Bath townhome with a two-car garage! The ...
Listing Office: Realty Executives of Flagstaff
Last Updated: April - 18 - 2024
IDX
$374,800
1 car attached garage
View Photos (21)
Property Type: Residential
# of Bedrooms: 2
# of Bathrooms: 2.5
Square Footage: 1041
Year Built: 1995
Area: 400 - Sunnyside
Description: Introducing this charming and affordable townhome that offers a perfect ble...
Listing Office: eXp Realty
Last Updated: April - 17 - 2024
IDX
$1,750,000
1546 E Castle Hills Drive, 38, Flagstaff, AZ 86005
View Photos (47)
Property Type: Residential
# of Bedrooms: 3
# of Bathrooms: 3.5
Square Footage: 2068
Year Built: 2017
Area: 220 - Pine Canyon
Subdivision: Pine Canyon
Description: It's time to relax and unwind with this 3 bedroom, 3.5 bath turn key Pine C...
Listing Office: Symmetry Realty Brokerage
Last Updated: April - 17 - 2024
IDX

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35 matches found

$475,000
Front Entrance
View Photos (38)Virtual Tours (1)
Property Type: Residential
# of Bedrooms: 2
# of Bathrooms: 2
Square Footage: 1069
Year Built: 1986
Area: 347 - Tanglewood
Subdivision: Tanglewood Villas
Description: This exceptional and unique property has that ''WOW'' factor. Updated with...
Listing Office: RE/MAX Fine Properties
Last Updated: April - 19 - 2024
IDX
$315,000
2605 N Pinon Ridge, 571, Flagstaff, AZ 86004
View Photos (29)
Property Type: Residential
# of Bedrooms: 1
# of Bathrooms: 1
Square Footage: 622
Year Built: 1985
Area: 347 - Tanglewood
Description: Great opportunity to own a beautiful condominium in the heart of Flagstaff'...
Listing Office: Village Land Shoppe
Last Updated: April - 19 - 2024
IDX
$505,090
1650 E Ponderosa Parkway, 125, Flagstaff, AZ 86001
View Photos (2)
Open House (04/20/2024 - 10:00 am)
Property Type: Residential
# of Bedrooms: 2
# of Bathrooms: 2
Square Footage: 1220
Year Built: 2024
Area: 135 - Switzer Mesa/Ridge
Description: INVESTMENT OPPORTUNITY!! This COMPLETE SPEC HOME is located in Bldg. 5, Uni...
Listing Office: Miramonte Homes
Last Updated: April - 18 - 2024
IDX
$511,955
1650 E Ponderosa Parkway, 324, Flagstaff, AZ 86001
View Photos (11)
Open House (04/20/2024 - 10:00 am)
Property Type: Residential
# of Bedrooms: 2
# of Bathrooms: 2
Square Footage: 1229
Year Built: 2024
Area: 135 - Switzer Mesa/Ridge
Subdivision: Miramonte at Ponderosa Parkway
Description: 3rd Floor - Complete SPEC Home! ''HURRY BEFORE IT IS GONE!'' Miramonte...
Listing Office: Miramonte Homes
Last Updated: April - 18 - 2024
IDX
$650,000
19 W Dale Avenue, 302, Flagstaff, AZ 86001
View Photos (25)
Open House (04/19/2024 - 10:00 am)
Property Type: Residential
# of Bedrooms: 2
# of Bathrooms: 2
Square Footage: 920
Year Built: 2018
Area: 145 - Flagstaff Townsite
Description: Rare Opportunity to own this bright, move-in ready luxury condo in the hear...
Listing Office: Realty One Group, Mountain Desert
Last Updated: April - 18 - 2024
IDX

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84 matches found

$350,000
24380 Condor Road, Flagstaff, AZ 86001
View Photos (12)
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: April - 19 - 2024
IDX
$365,000
View in front of property from Pabst
View Photos (14)Videos (1)
Property Type: Land
Area: 530 - Brandis Map 33
Description: Discover the perfect canvas for your dream home, arena or barn on this leve...
Listing Office: Realty One Group, Mountain Desert
Last Updated: April - 19 - 2024
IDX
$190,000
Snow Bowl N Snowbowl Road, Flagstaff, AZ 86001
View Photos (8)
Property Type: Land
Area: 635 - Kendrick/Crowley
Description: Public Remarks: this is a beautiful remote 5.38-of grid acre property in Sn...
Listing Office: DPR Realty, LLC-Scottsdale
Last Updated: April - 19 - 2024
IDX
$295,000
9221 N Champagne Lane, Flagstaff, AZ 86004
View Photos (6)
Property Type: Land
Area: 555 - Slayton Ranch Est
Description: Remarkable 2.5 acres Bordering Forest Service on the East side. Sunbeam is ...
Listing Office: Coldwell Banker Northland
Last Updated: April - 19 - 2024
IDX
$449,000
19 W Cedar Avenue, 8, Flagstaff, AZ 86001
View Photos (2)
Property Type: Land
Area: 199 - Other NorthWest City
Description: Rare lot in an amazing Flagstaff location close to Buffalo Park. Multi-fami...
Listing Office: Redfin Corporation
Last Updated: April - 18 - 2024
IDX

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2 matches found

$525,000
3556 N Tindle Boulevard, Flagstaff, AZ 86004
View Photos (33)
Property Type: Multi-Family
Square Footage: 1537
Year Built: 1966
Area: 425 - Upper Greenlaw
Description: This is a lovely, single level duplex in Flagstaff's very popular Upper Gre...
Listing Office: Linton Real Estate
Last Updated: April - 18 - 2024
IDX
$584,900
2315 N Center Street, Flagstaff, AZ 86004
View Photos (17)
Property Type: Multi-Family
Square Footage: 2162
Year Built: 1963
Area: 400 - Sunnyside
Description: Great investment opportunity located only 3.4 miles from Northern Arizona U...
Listing Office: Better Homes And Gardens Real Estate BloomTree Realty
Last Updated: March - 20 - 2024
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.

Stay Up To Date

Contact Us

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

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