1 E Terrace Avenue Unit 1&2 Flagstaff, AZ 86001

5 Beds
2,470 Sqft
6,389 Sqft lot
0.15 Acre lot
Status: Active
Year Built: 2003
Days on Website: 1

Courtesy of Realty One Group, Mountain Desert.

Description

**2 UNIT SINGLE FAMILY RESIDENCE** CROSS POSTED UNDER MULTIFAMILY (203002) 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. 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 rock wall with a 3D 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, schedule a tour today!

Open House

Property Details and Features

  • Road Surface Type: "Paved"
  • Appliances: "Electric Range"
  • 3 total bathrooms
  • 5 total bedrooms
  • Year Built: 2003
  • Building Area Total: 2,470
  • Levels: "Multi/Split"
  • Cooling Included
  • "Ceiling Fan(s)"
  • "Perimeter"
  • "Carpet"
  • "Vinyl"
  • "Slab"
  • Attached Garage
  • 2 garage spaces
  • Heating Included
  • "Natural Gas"
  • "Pantry"
  • "Breakfast Bar"
  • "In Hall"
  • "Separate Room"
  • "Washer/Dryer"
  • Listing Id: 203103
  • 2 cumulative days on market
  • 17 days on market
  • Listing Contract Date: 2026-01-05
  • Mls Status: Active
  • On Market Date: 2026-01-21
  • MLS Area Minor: 140 - Pinecrest/Cherry Hill
  • MLS Area Major: 140 - Pinecrest/Cherry Hill
  • County Or Parish: Coconino
  • 6,389 square feet
  • 0.15 acres
  • Features: "Landscaped"
  • Area: 0.15
  • Parcel Number: 10123024
  • Topography: Level
  • View: "Panoramic"
  • Annual Amount: $4,637
  • Utilities: "City Sewer", "Electricity Available", "Natural Gas Available"
  • "Double Pane Windows"