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$1,200,000
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Property 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. 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!
Full Property Details
Full Property Details for 1 E Terrace Ave #1&2
General
- Price: $1,200,000
- Taxes: $4,638 (2025)
- Status: Active
- Type: Duplex
- Source: ARMLS_Arizona_MLS_Phoenix_Area
- MLS ID: 6964784
- Updated: 4/1/2026
- Added to Site: 94 day(s) ago
Interior
- Appliances: Dishwasher, Refrigerator, Built-In Gas Oven, Microwave, Washer/Dryer
- Flooring: Carpet, Vinyl
Parking
- Parking Features: Paved, Add'l Parking Avail
Location
- County: Coconino
- Township: 21N
- Subdivision: RAILROAD ADDITION
- Cross Streets: Birch & Terrace
Heating & Cooling
- Air Conditioning: Yes
- Cooling Type: Ceiling Fan(s)
- Heating Type: Forced Air, Electric, Natural Gas, Ceiling
Utilities
- Water: City Franchise
Structural Information
- # Buildings: 1
- Exterior Const.: Wood Siding, Wood Frame
- Roof: Other
- Year Built: 2003
Lot Features
- Lot Dimensions: 129.46 x 29.52 x 123.19 x 48.74
- Frontage: Asphalt
- Zoning: HR
Financial Considerations
- Tax Amount: $4,638
- Tax Year: 2025
- Terms: CTL, Conventional
- Owner Pays: Gas, Electricity, Trash Collection, Water, Sewer
Disclosures and Reports
- Legal Description: LOT 14, 1&4 BLOCK B RAILROAD ADDITION
- Property ID: 101-23-024
- Range: 07E
- Section: 15
- Block: B
- Lot Number: 14, 1&4
Listed by RealtyONEGroup Mountain Desert
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Schools
Schools serving 1 E Terrace Ave #1&2
School District:Flagstaff Unified District
| Name | Grades | Distance |
|---|---|---|
Eva Marshall Elementary School 850 North Bonito Street, Flagstaff, AZ 86001 | K-5 | 0.9 mi |
Mount Elden Middle School 3223 North Fourth Street, Flagstaff, AZ 86004 | 6-8 | 2.2 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1 E Terrace Ave #1&2
Date
Details
Price
Change
Source
1/07/2026
Listed
$1,200,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 1 E Terrace Ave #1&2
Year
Property Taxes
Change
Tax Assessment
Change
2025
$4,638
3%
$71,000
-6%
2024
$4,501
4%
$75,474
2%
2023
$4,329
7%
$74,069
21%
2022
$4,064
—
$61,006
14%
2022
$4,064
6%
$53,334
3%
2020
$3,841
—
$51,617
4%
2020
$3,841
4%
$49,494
19%
2018
$3,685
6%
$41,459
3%
2017
$3,466
-2%
$40,196
6%
2016
$3,552
4%
$37,811
2%
2015
$3,430
4%
$37,100
2%
2013
$3,292
—
$36,254
1%
2013
$3,292
—
$35,855
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1 E Terrace Ave #1&2
1 E Terrace Avenue #1&2, Flagstaff, AZ 86001 (MLS# 6964784) is a Duplex property with 0 bedrooms and 0 full bathrooms. 1 E Terrace Avenue #1&2 is currently listed for $1,200,000 and was received on January 07, 2026. Want to learn more about 1 E Terrace Avenue #1&2? Do you have questions about finding other Duplex real estate for sale in Flagstaff? You can browse all Flagstaff real estate or contact a Coldwell Banker agent to request more information.

