3325-3395 E Lockett Rd - Apartments FOR SALE


Flagstaff, AZ 86004
$3,750,000 USD
928-254-1770
3325-3395 E Lockett Rd, Flagstaff, AZ for Sale
$3,750,000 USD
Apartments - FOR SALE
1/4
null | 5.08% Cap Rate

3325-3395 E Lockett Rd
Flagstaff, AZ 86004


HIGHLIGHTS

  • Fully stabilized, income-producing multifamily asset in a highly established rental corridor in Flagstaff.
  • Situated within walking distance to Bushmaster Park.
  • Positioned across the street from Thomas Elementary School.

OVERVIEW

3325–3395 East Lockett Road offers an exceptional opportunity to acquire a professionally managed, fully stabilized multifamily property in the heart of Flagstaff, AZ — one of Northern Arizona’s most desirable and consistently strong rental markets. This 4-building garden-style complex spans 19,639 square feet and includes 18 spacious, well-maintained units that have demonstrated long-term leasing stability and consistent cash flow since their construction in 1995. The property is currently 100% occupied, reflecting strong local tenant demand and operational efficiency. With High Density Residential zoning and a strategic layout, the asset offers substantial upside potential through future rent increases and value-add improvements. Whether you’re a seasoned investor looking to expand your portfolio or seeking a strategic entry point into Flagstaff’s thriving multifamily sector, this property stands out as a rare find in a high-demand location. Centrally positioned near public transit, top-rated schools, retail corridors, and Flagstaff’s vibrant residential area, 3325–3395 E. Lockett Rd combines stability, location, and growth potential — making it an ideal long-term investment in a supply-constrained market.

FOR SALE DETAILS

PRICE

$3,750,000 USD

PRICE/SF

$216 USD /SF

# OF UNITS

18

PRICE/UNIT

$208,333

CAP RATE

5.08%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1995

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.87 AC

LAND SF

81,669 SF

ZONING

-

APN/PARCEL ID

108-32-001,108-32-002,108-32-003,108-32-004

ASK ABOUT THIS PROPERTY

Mark T. Belsantida Vinci RealtyMore Info
928-254-1770

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Mark T. Belsantida Vinci RealtyMore Info
928-254-1770

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.