$875,000
Prescott, AZ 86305
MLS# 1078795
3600 sqft
1 / 7
Property Description
Here's your opportunity to own a piece of Prescott history! This charming 4-plex features lovely original details, wood floors, and the classic Prescott character buyers love. Ideally located close to downtown, this property offers excellent flexibility for investors—continue operating as long-term rentals, explore short-term rental potential (buyer to verify), or create a unique multi-generational living setup. The property is currently owner-managed and operating at an approximate 6.7% cap rate. Tenants are month-to-month and would like to remain, providing immediate income. With its prime location and multiple use options, this is a rare investment opportunity with strong upside.
Details
Maps
Contract/Address/Legal
List Price/SqFt: 243
Rent/Lease: Yes
Neighborhood: N/A
REO/Short Sale: Not Applicable
Zoning: MF-H
Assessor's Book #: 113
Assessor's Map #: 11
Assessor's Parcel #: 81
Legal: MURPHYS 1ST SUB LOTS 4 AND 5 LESS THE EAST 30 FT THEREOF
General Property Description
Aprx Acres: 0.28
Lot #: 4 & 5
Lot Size: 12,197
Source of Measuremnt: County Assessor
Stories: 2
Management: Owner
Solar Y/N: No
More than 5 Units: No
Total Liveable SqFt: 3600
Year Built: 1914
NOI $: 58800
Cap %: 6.8
Baths - Full: 4
Tax Info
Taxes: 1323
Tax Year: 2025
Remarks & Misc
Directions: West on Gurley, Right on Garden, Left on Western. Left on Willow, Willow to Gurley is one way only and you cannot turn down Willow, you MUST go around the block. Can access from Norris or Ash also.
Remarks: Here's your opportunity to own a piece of Prescott history! This charming 4-plex features lovely original details, wood floors, and the classic Prescott character buyers love. Ideally located close to downtown, this property offers excellent flexibility for investors—continue operating as long-term rentals, explore short-term rental potential (buyer to verify), or create a unique multi-generational living setup.
The property is currently owner-managed and operating at an approximate 6.7% cap rate. Tenants are month-to-month and would like to remain, providing immediate income. With its prime location and multiple use options, this is a rare investment opportunity with strong upside.
Building Type
Fourplex: 1
Construction
Frame - Wood: 1
Cooling
Ceiling Fan(s): 1
Room Refrigeration: 1
External Amenities
Fence: 1
Patio/Deck/Balcony: 1
Flooring
Wood: 1
Other: 1
Heating
Natural Gas: 1
Wall Unit: 1
Owner Pays
Gas/Propane: 1
Sewer: 1
Trash: 1
Water: 1
Records Available
None: 1
Road Frontage Type
City Street: 1
Road Surface Type
Paved: 1
Road Responsibility
City Maintained Road: 1
Roof
Asphalt Shingle: 1
Terms & Conditions
1031 Exchange: 1
Conventional: 1
Other - See Remarks: 1
Utilities Installed
Electricity: 1
Individual Meter: 1
Natural Gas: 1
Water - City: 1
WWT - City Sewer: 1
Water Heater
Natural Gas: 1
Unit 1
Unit ID: 1
# BR: 2
# BA: 1
SqFt: 900
Tenant Utilities: electricity
Rent $: 1100
Unit 1 Parking
Off Street: 1
Unit 1 Info
Ceiling Fan(s): 1
Fire/Smoke Detectors: 1
Porch/Patio: 1
Range/Oven: 1
Refrigerator: 1
Unit 2
Unit ID: 2
# BR: 2
# BA: 1
SqFt: 900
Tenant Utilities: electricity
Rent $: 1200
Unit 2 Parking
Off Street: 1
Unit 2 Info
Ceiling Fan(s): 1
Fire/Smoke Detectors: 1
Porch/Patio: 1
Range/Oven: 1
Refrigerator: 1
Unit 3
Unit ID: 3
# BR: 2
# BA: 1
SqFt: 900
Tenant Utilities: electricity
Rent $: 1400
Unit 3 Parking
Off Street: 1
Unit 3 Info
Ceiling Fan(s): 1
Fire/Smoke Detectors: 1
Porch/Patio: 1
Range/Oven: 1
Refrigerator: 1
Unit 4
Unit ID: 4
# BR: 3
# BA: 1.5
SqFt: 900
Tenant Utilities: electricity
Rent $: 1200
Unit 4 Parking
Off Street: 1
Unit 4 Info
Ceiling Fan(s): 1
Porch/Patio: 1
Range/Oven: 1
Refrigerator: 1
ContractAddressLegal
Original List Price: 875000
Listing Date: 2026-01-15
Status: Active
Listing Price: 875000
Street #: 121
Direction: N
Street Name: Willow
St Suffix: Street
City/Township: Prescott
State: AZ
Zip Code: 86305
County: Yavapai
Tax Parcel: 113-11-081
Property Features
Building Type: Fourplex
Construction: Frame - Wood
Cooling: Ceiling Fan(s); Room Refrigeration
External Amenities: Fence; Patio/Deck/Balcony
Flooring: Wood; Other
Heating: Natural Gas; Wall Unit
Owner Pays: Gas/Propane; Trash; Water
Records Available: None
Road Frontage Type: City Street
Road Surface Type: Paved
Road Responsibility: City Maintained Road
Roof: Asphalt Shingle
Utilities Installed: Electricity; Individual Meter; Natural Gas; Water - City; WWT - City Sewer
Water Heater: Natural Gas
Unit 1 Parking: Off Street
Unit 1 Info: Ceiling Fan(s); Fire/Smoke Detectors; Porch/Patio; Range/Oven; Refrigerator
Unit 2 Parking: Off Street
Unit 2 Info: Ceiling Fan(s); Fire/Smoke Detectors; Porch/Patio; Range/Oven; Refrigerator
Unit 3 Parking: Off Street
Unit 3 Info: Ceiling Fan(s); Fire/Smoke Detectors; Porch/Patio; Range/Oven; Refrigerator
Unit 4 Parking: Off Street
Unit 4 Info: Ceiling Fan(s); Porch/Patio; Range/Oven; Refrigerator
Listing Office: eXp Realty
Last Updated: January - 15 - 2026
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