$2,195,000
Prescott, AZ 86303
MLS# 1079524
7274 sqft
1 / 41
Property Description
Mansion by the Square represents a distinguished vacation rental destination with significant investment potential. This historic property has undergone extensive capital improvements while preserving its rich local heritage, offering guests an authentic and memorable experience in a prime location. Strategically positioned in close proximity to Courthouse Square, the property provides guests with convenient access to an array of dining establishments, retail shops, and community events. The building comprises ten fully furnished units, including seven spacious suites and three well-appointed studios, catering to a diverse range of guest preferences and group sizes. The property's rental strategy demonstrates strong growth potential. Initial rates were deliberately set at competitive entry points to establish market presence and generate positive reviews across major vacation rental platforms. This approach has proven successful, with rental rates now experiencing steady upward momentum as the property's reputation continues to strengthen. With its combination of historical character, modern improvements, strategic location, and demonstrated revenue growth trajectory, Mansion by the Square presents an exceptional opportunity for investors seeking to enter or expand within the thriving vacation rental market.
Details
Maps
Contract/Address/Legal
List Price/SqFt: 302
Rent/Lease: No
Neighborhood: N/A
REO/Short Sale: Not Applicable
Zoning: BG
Assessor's Book #: 109
Assessor's Map #: 1
Assessor's Parcel #: 52
Legal: LOT A BLOCK 17 PRESCOTT BOOK 4 PAGE 22
General Property Description
Aprx Acres: 0.19
Lot #: A
Lot Size: 8332
Bedrooms Possible: 10
HOA Y/N: No
Buildings: 1
Source of Measuremnt: County Assessor
Stories: 4
Management: Mgmt Company
Gross Vol/Yr $: 327544
CAM $: 72150
Solar Y/N: No
More than 5 Units: Yes
Total Liveable SqFt: 7274
Year Built: 1895
NOI $: 151732
Cap %: 6
Baths - Full: 10
Tax Info
Taxes: 2947
Tax Year: 2023
Remarks & Misc
Directions: 2 Blocks East of the Square. Gurley to Alarcon, south on Alarcon to first property on left.
Remarks: Mansion by the Square represents a distinguished vacation rental destination with significant investment potential. This historic property has undergone extensive capital improvements while preserving its rich local heritage, offering guests an authentic and memorable experience in a prime location. Strategically positioned in close proximity to Courthouse Square, the property provides guests with convenient access to an array of dining establishments, retail shops, and community events. The building comprises ten fully furnished units, including seven spacious suites and three well-appointed studios, catering to a diverse range of guest preferences and group sizes. The property's rental strategy demonstrates strong growth potential. Initial rates were deliberately set at competitive entry points to establish market presence and generate positive reviews across major vacation rental platforms. This approach has proven successful, with rental rates now experiencing steady upward momentum as the property's reputation continues to strengthen. With its combination of historical character, modern improvements, strategic location, and demonstrated revenue growth trajectory, Mansion by the Square presents an exceptional opportunity for investors seeking to enter or expand within the thriving vacation rental market.
Building Type
5+ Units: 1
Construction
Frame - Wood: 1
Cooling
Ceiling Fan(s): 1
Room Refrigeration: 1
External Amenities
Landscaped: 1
Laundry Facilities: 1
Patio/Deck/Balcony: 1
Sprinkler/Drip: 1
Flooring
Wood: 1
Heating
Radiant: 1
See Remarks: 1
Owner Pays
All: 1
Records Available
Other - See Remarks: 1
Road Frontage Type
City Street: 1
Road Surface Type
Paved: 1
Road Responsibility
City Maintained Road: 1
Roof
Other - See Remarks: 1
Terms & Conditions
1031 Exchange: 1
Sold Furnished: 1
Utilities Installed
220: 1
Electricity: 1
Natural Gas: 1
Water - City: 1
WWT - City Sewer: 1
Water Heater
Central Boiler: 1
Natural Gas: 1
Other - See Remarks: 1
Unit 1
Unit ID: THE LILY
# BR: 1
# BA: 1
SqFt: 675
Furniture: 1
Unit 1 Parking
Off Street: 1
Unit 1 Info
Ceiling Fan(s): 1
Fire/Smoke Detectors: 1
Microwave: 1
Refrigerator: 1
Security System: 1
Unit 2
Unit ID: THE GRAND SUITE
# BR: 1
# BA: 1
SqFt: 750
Furniture: 1
Unit 2 Parking
1 Car: 1
Off Street: 1
Unit 2 Info
Ceiling Fan(s): 1
Den/Family Room: 1
Fire/Smoke Detectors: 1
Fireplace: 1
Microwave: 1
Range/Oven: 1
Refrigerator: 1
Security System: 1
Unit 3
Unit ID: 1B SPEAKEASY
# BA: 1
SqFt: 380
Furniture: 1
Unit 3 Parking
1 Car: 1
Off Street: 1
Unit 3 Info
Ceiling Fan(s): 1
Fire/Smoke Detectors: 1
Microwave: 1
Porch/Patio: 1
Range/Oven: 1
Refrigerator: 1
Security System: 1
Unit 4
Unit ID: 2B MURPHY SUITE
# BR: 2
# BA: 1
SqFt: 850
Furnished: 1
Unit 4 Parking
1 Car: 1
Off Street: 1
Unit 4 Info
Ceiling Fan(s): 1
Den/Family Room: 1
Fire/Smoke Detectors: 1
Microwave: 1
Porch/Patio: 1
Range/Oven: 1
Refrigerator: 1
Security System: 1
Unit 5
Unit ID: 3 TRANQUILITY SUITE
# BR: 1
# BA: 1
SqFt: 550
Furnished: 1
Unit 5 Parking
1 Car: 1
Off Street: 1
Unit 5 Info
Ceiling Fan(s): 1
Microwave: 1
Range/Oven: 1
Refrigerator: 1
Security System: 1
ContractAddressLegal
Original List Price: 2335000
Listing Date: 2026-02-12
Status: Active
Listing Price: 2195000
Street #: 105
Direction: S
Street Name: Alarcon
St Suffix: Street
City/Township: Prescott
State: AZ
Zip Code: 86303
County: Yavapai
Tax Parcel: 109-01-052
Property Features
Building Type: 5+ Units
Construction: Frame - Wood
Cooling: Ceiling Fan(s); Room Refrigeration
External Amenities: Landscaped; Laundry Facilities; Patio/Deck/Balcony; Sprinkler/Drip
Flooring: Wood
Heating: Radiant; See Remarks
Owner Pays: All
Records Available: Other - See Remarks
Road Frontage Type: City Street
Road Surface Type: Paved
Road Responsibility: City Maintained Road
Roof: Other - See Remarks
Utilities Installed: 220; Electricity; Natural Gas; Water - City; WWT - City Sewer
Water Heater: Central Boiler; Natural Gas; Other - See Remarks
Unit 1: Furniture
Unit 1 Parking: Off Street
Unit 1 Info: Ceiling Fan(s); Fire/Smoke Detectors; Microwave; Refrigerator; Security System
Unit 2: Furniture
Unit 2 Parking: 1 Car; Off Street
Unit 2 Info: Ceiling Fan(s); Den/Family Room; Fire/Smoke Detectors; Fireplace; Microwave; Range/Oven; Refrigerator; Security System
Unit 3: Furniture
Unit 3 Parking: 1 Car; Off Street
Unit 3 Info: Ceiling Fan(s); Fire/Smoke Detectors; Microwave; Porch/Patio; Range/Oven; Refrigerator; Security System
Unit 4: Furnished
Unit 4 Parking: 1 Car; Off Street
Unit 4 Info: Ceiling Fan(s); Den/Family Room; Fire/Smoke Detectors; Microwave; Porch/Patio; Range/Oven; Refrigerator; Security System
Unit 5: Furnished
Unit 5 Parking: 1 Car; Off Street
Unit 5 Info: Ceiling Fan(s); Microwave; Range/Oven; Refrigerator; Security System
Listing Office: Arizona Commercial
Last Updated: March - 06 - 2026
The data relating to real estate for sale on this site comes from the Broker Reciprocity/IDX of Prescott Area Association of REALTORS. Information provided is thought to be reliable but is not guaranteed to be accurate. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.Real estate listings held by brokerage firms other than the website owner, are indicated by detailed information about them such as the name of the listing firms. Copyright© 2020 Prescott Area Association of REALTORS. All rights reserved.