1 E TERRACE Avenue 1&2, Flagstaff, AZ 86001 (MLS# 6964784)

1 E TERRACE Avenue 1&2, Flagstaff, AZ 86001

$1,200,000

Property Type: Multiple Dwellings Status: Active

Current Price: $1,200,000 Last Modified: 1/07/2026

Description

Discover an exceptional income-producing opportunity at 1 E Terrace Ave, Units 1 & 2-Where versatility, comfort, and location come together in one remarkable property. Perfect for owner-occupants or investors, this rare duplex allows you to live in one spacious unit while generating income from the other. Both residences are thoughtfully designed with full kitchens, in-unit washer and dryer sets, and their own private 1-car garages—a true luxury in Flagstaff. Each unit also features its own private backyard, offering outdoor space that's ideal for relaxing, entertaining, or enjoying Flagstaff's four beautiful seasons. Located just seconds from downtown, you'll enjoy the convenience of city living while still being tucked into your own private setting.

Supplements: From the balcony, take in sweeping views overlooking Flagstaff's natural beauty, a daily reminder of why this area is so sought after. Inside, each unit offers its own unique character. One features a newly added waterfall wall with a gas fireplace, creating a stunning focal point and a warm, inviting atmosphere. The other showcases a custom Flagstaff mural wall, adding artistic charm and a sense of place that guests and tenants will love. With ample parking, spacious interiors, and thoughtful upgrades, this property is perfectly positioned for long-term rental, short-term rental, or multigenerational living. Whether you're looking to offset your mortgage or expand your investment portfolio, 1 E Terrace Ave delivers flexibility and financial potential without compromising comfort or style. A rare find in an unbeatable location, come see it today!

More Information MLS# 6964784

Contract Info

Ownership: Fee Simple Current Price: $1,200,000 List Price: $1,200,000 Status: Active List Date: 2026-01-07

Location, Tax & Legal

Unit #: 1&2 Assessor's Map #: 23 Legal Description (Abbrev): LOT 14,1&4 BLOCK B RAILROAD ADDITION Assessor's Parcel #: 24 Add'l Parcels: No Tax Municipality: Flagstaff Census Tract: 1200 Taxes: 4638 Legal: LOT 14,1&4 BLOCK B RAILROAD ADDITION Marketing Name: Pinecrest/Cherry Hill House Number: 1 Compass: E Street Name: TERRACE St Suffix: Avenue City/Town Code: Flagstaff State/Province: AZ Zip Code: 86001 Zip4: 5204 County Code: Coconino Subdivision: RAILROAD ADDITION Assessor Number: 101-23-024 Tax Year: 2025

General Property Description

# of Buildings: 1 Uncvrd Parking Spcs: 4 Lot Size Dimensions: 129.46x29.52x123.19x48.74 Flood Zone: No Total # of Units: 2 Elementary School District: Flagstaff Unified District High School District: Flagstaff Unified District Elementary School: Eva Marshall Elementary School Jr. High School: Mount Elden Middle School High School: Coconino High School Year Built: 2003 Zoning: HR

Legal Info

Range: 07E Section: 15 Township: 21N Block: B Lot Number: 14,1&4

Project Type

Duplex: 1

Construction

Wood Frame: 1

Const - Finish

Wood Siding: 1

Roofing

Other: 1

Floors

Vinyl: 1 Carpet: 1

Sale Includes

Building(s) Only: 1 Laundry Equipment: 1

Income & Expenses

Owner Association: No Annual Ownr Asoc Fee: 0 Operating Exp: 4638 Other Income: 0 Vacancy Allowance: 0 Adjusted Gross Inc: 0

Pmt & Rate Info

Equity: 1200000 Down Payment %: 0 Monthly Payments: 0 Total Owed: 0

Showing Notification Methods

Showing Service: Aligned Showings Text: 1 Phone Call: 1

Lockbox Type

Supra: 1

Community Features

No Pool: 1

Heating

Ceiling: 1 Forced Air: 1 Electric: 1 Natural Gas: 1

Cooling

Ceiling Fan(s): 1

Exterior Amenities

Partially Fenced: 1 Patio/Balcony: 1

Interior Features

Furnished: 1 Mini Blinds: 1 Breakfast Bar: 1

Tenant Pays

None: 1

Appliances Included

Built-In Gas Oven: 1 Dishwasher: 1 Microwave: 1 Refrigerator: 1 Washer/Dryer: 1

Road Access Type

City Street: 1

Road Surface Type

Asphalt: 1

Source of Fincl Data

Owner: 1

Road Responsibility

City Maintained Road: 1

Water Source

City Franchise: 1

Sewer

Sewer - Public: 1

Parking Features

Garage: 1 Paved: 1 Add'l Parking Avail: 1

Electric

City Electric: 1

Gas

City Gas: 1

Owner Pays

Water: 1 Sewer: 1 Electric: 1 Gas: 1 Trash Collection: 1

New Financing

Cash: 1 Cash to Loan: 1 Conventional: 1

Existing 1st Loan

Treat as Free&Clear: 1

Reports/Disclosures

None: 1

Environmental

None: 1

Efficiency Units

Avg Rent: 0

1 Bedroom Units

Avg Rent: 0

2 Bedroom Units

# 2 Bedroom Units: 1 Avg Rent: 0 Avg SqFt: 973 # Baths: 1

3 Bedrooms Units

# 3 Bedroom Units: 1 Avg Rent: 0 Avg SqFt: 1498 # Baths: 2

4 Bedrooms Units

Avg Rent: 0

Remarks Misc

Cross Street: Birch & Terrace Directions: Go East on Birch, Right on Terrace, Property is on the Left Geo Lat: 35.196124 Geo Lon: -111.642478

Property Features

Project Type: Duplex Construction: Wood Frame Const - Finish: Wood Siding Roofing: Other Floors: Vinyl; Carpet Sale Includes: Building(s) Only; Laundry Equipment Community Features: No Pool Exterior Amenities: Partially Fenced; Patio/Balcony Interior Features: Furnished; Mini Blinds; Breakfast Bar Appliances Included: Built-In Gas Oven; Refrigerator; Dishwasher; Microwave; Washer/Dryer Heating: Ceiling; Forced Air; Natural Gas Cooling: Ceiling Fan(s) Water Source: City Franchise Sewer: Sewer - Public Electric: City Electric Gas: City Gas Parking Features: Garage; Add'l Parking Avail; Paved Road Access Type: City Street Road Surface Type: Asphalt Road Responsibility: City Maintained Road Owner Pays: Water; Electric; Gas; Trash Collection Tenant Pays: None Source of Fincl Data: Owner Showing Notification Methods: Text; Phone Call Lockbox Type: Supra Existing 1st Loan: Treat as Free&Clear New Financing: Cash; Cash to Loan; Conventional Environmental: None

Listing Office: RealtyONEGroup Mountain Desert

Last Updated: January - 07 - 2026