$1,100,000
Prescott, AZ 86303
MLS# 1084217
5208 sqft
1 / 16
Property Description
Positioned minutes from Prescott's vibrant Courthouse Plaza, this well-located 8-unit apartment complex presents an outstanding opportunity to acquire a multifamily asset in one of Northern Arizona's highly sought-after rental markets. Residents enjoy convenient access to downtown's restaurants, boutiques, entertainment, and employment centers, making this a desirable location for long-term tenancy. This property offers investors the opportunity to benefit from Prescott's strong downtown rental demand, and attractive lifestyle appeal. Whether implementing strategic value-add improvements, optimizing rental income over time or pursuing immediate cash flow, this property provides multiple avenues to enhance returns. Opportunities to acquire smaller apartment complexes in Prescott are increasingly limited. This 8-unit property offers investors the rare combination of location, consistent rental demand, and upside potential in a market that continues to experience strong housing demand and constrained multifamily supply.
Details
Maps
Contract/Address/Legal
List Price/SqFt: 211
Rent/Lease: No
REO/Short Sale: Not Applicable
Zoning: MF-M
Assessor's Book #: 110
Assessor's Map #: 3
Assessor's Parcel #: 33
Assessor Parcel Ltr: a
Legal: BASHFORD TRACT BLK 2 LOT 9 CONT .17AC
General Property Description
Aprx Acres: 0.17
Lot #: 9
Lot Size: 7,405
Buildings: 2
Source of Measuremnt: County Assessor
Stories: 2
Management: Mgmt Company
Solar Y/N: No
Total Liveable SqFt: 5208
Year Built: 1980
Baths - Full: 8
Tax Info
Taxes: 1277
Tax Year: 2025
Remarks & Misc
Directions: Gurley to South on Virginia to property on right. Corner of Virginia and
Remarks: Positioned minutes from Prescott's vibrant Courthouse Plaza, this well-located 8-unit apartment complex presents an outstanding opportunity to acquire a multifamily asset in one of Northern Arizona's highly sought-after rental markets.
Residents enjoy convenient access to downtown's restaurants, boutiques,
entertainment, and employment centers, making this a desirable location for
long-term tenancy.
This property offers investors the opportunity to benefit from Prescott's strong downtown rental demand, and attractive lifestyle appeal. Whether implementing strategic value-add improvements, optimizing rental income over time or pursuing immediate cash flow, this property provides multiple avenues to enhance returns.
Opportunities to acquire smaller apartment complexes in Prescott are increasingly limited. This 8-unit property offers investors the rare combination of location, consistent rental demand, and upside potential in a market that continues to experience strong housing demand and constrained multifamily supply.
Building Type
5+ Units: 1
Other - See Remarks: 1
Construction
Frame - Wood: 1
Cooling
Ceiling Fan(s): 1
Room Refrigeration: 1
External Amenities
Laundry Facilities: 1
Flooring
Carpet: 1
Vinyl: 1
Heating
Baseboard: 1
Owner Pays
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
Utilities Installed
Electricity: 1
Natural Gas: 1
Underground: 1
Water - City: 1
WWT - City Sewer: 1
Water Heater
Electric: 1
Unit 1
Unit ID: Apt 1
# BR: 2
# BA: 1
Rent $: 1275
Unit 1 Parking
Off Street: 1
Unit 1 Info
Ceiling Fan(s): 1
Range/Oven: 1
Refrigerator: 1
Unit 2
Unit ID: Apt 2
# BR: 1
# BA: 1
Rent $: 950
Unit 2 Parking
Off Street: 1
Unit 2 Info
Range/Oven: 1
Refrigerator: 1
Unit 3
Unit ID: Apt 3
Rent $: 725
Unit 3 Parking
Off Street: 1
Unit 3 Info
Ceiling Fan(s): 1
Range/Oven: 1
Refrigerator: 1
Unit 4
Unit ID: Apt 4
# BA: 1
Rent $: 1275
Unit 4 Parking
Off Street: 1
Unit 4 Info
Ceiling Fan(s): 1
Range/Oven: 1
Refrigerator: 1
Unit 5
Unit ID: Apt 5
Rent $: 635
Unit 5 Parking
Off Street: 1
Unit 5 Info
Ceiling Fan(s): 1
Range/Oven: 1
Refrigerator: 1
ContractAddressLegal
Original List Price: 1100000
Listing Date: 2026-08-01
Status: Active
Listing Price: 1100000
Street #: 314
Direction: S
Street Name: Virginia
St Suffix: Street
City/Township: Prescott
State: AZ
Zip Code: 86303
County: Yavapai
Tax Parcel: 110-03-033a
Property Features
Building Type: 5+ Units; Other - See Remarks
Construction: Frame - Wood
Cooling: Ceiling Fan(s); Room Refrigeration
External Amenities: Laundry Facilities
Flooring: Carpet; Vinyl
Heating: Baseboard
Owner Pays: Water
Records Available: None
Road Frontage Type: City Street
Road Surface Type: Paved
Road Responsibility: City Maintained Road
Roof: Asphalt Shingle
Utilities Installed: Electricity; Natural Gas; Underground; Water - City; WWT - City Sewer
Water Heater: Electric
Unit 1 Parking: Off Street
Unit 1 Info: Ceiling Fan(s); Range/Oven; Refrigerator
Unit 2 Parking: Off Street
Unit 2 Info: Range/Oven; Refrigerator
Unit 3 Parking: Off Street
Unit 3 Info: Ceiling Fan(s); Range/Oven; Refrigerator
Unit 4 Parking: Off Street
Unit 4 Info: Ceiling Fan(s); Range/Oven; Refrigerator
Unit 5 Parking: Off Street
Unit 5 Info: Ceiling Fan(s); Range/Oven; Refrigerator
Listing Office: Invest Southwest
Last Updated: August - 07 - 2026
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