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$ 1,395,000

Est. payment -/mo

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Price Dropped by $195K

1221 E 3rd Street Winslow, AZ 86047

5,984 SqFt

UPDATED:

Key Details

Property Type Other Types

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 5,984 sqft

Price per Sqft $233

MLS Listing ID 201628

Year Built 1962

Annual Tax Amount $1,561

Tax Year 2024

Lot Dimensions 100' x 230'

Property Sub-Type Multi Family

Source Northern Arizona Association of REALTORS®

Property Description

College View Apartments is a 25-unit multifamily investment spanning two contiguous buildings across two parcels in the heart of Winslow, Arizona. The property is fully occupied, with documented rent growth: Gross Scheduled Income rose from 194,100 to 243,900 during 2025, and current market rent analysis shows room to grow further toward 280,500 annually. Recent capital improvements include new gas water heaters, updated electrical panels and conduit, and unit-level upgrades completed at turnover -- laminate flooring, new appliances, and cabinetry. Full financials, including 2025 operating statements and normalized adjustments, available upon request.

Location

State AZ

County Navajo

Area 20 - Winslow

Direction From 1-40 and Park Drive, South on Park Drive to N Berry Ave, left on 2nd Street to Alder. There are 2 buildings, 1220 E 2nd Street, and 1221 E 3rd Street.

Interior

Heating Natural Gas, Electric

Cooling Multi Units

Appliance Refrigerators

Exterior

Utilities Available Phone Available, Electricity Available, Cable Available, Sewer Connected, Natural Gas Available

Others

Tax ID 10334003b

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Listed by Linton Real Estate

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