$1,500,000
Prescott, AZ 86301
MLS# 1078679
4283 sqft
1 / 54
Property Description
Rare downtown Prescott multi-unit opportunity on one parcel. This Multi-Family High-Density (MF-H) zoned property features three residential units across two buildings totaling approximately 4,283 sq ft, offering strong income potential and flexible use for investors or owner-occupants. The primary residence at 502 Western is a unique 2,808 sq ft concrete home featuring ADA accessibility, elevator access, and a 2-car garage. The main level includes a bedroom with fireplace, family room, laundry, storage, bath, large safe, and elevator access. The upper level offers two bedrooms, two baths, and a spacious open living area with fireplace and kitchen, plus third-floor storage. Flooring, paint, and appliances were updated in 2020. The Summit Avenue structure totals approximately 1,475 sq ft and includes two additional residential units, updated in 2015. One unit offers two bedrooms, one 3/4 bath, living area, laundry, and private patio. The second unit is a studio apartment with kitchenette, 3/4 bath, and laundry. Property was previously licensed for short-term rental (VRBO) and later licensed for residential occupancy up to 14 people. Buyer to verify current zoning, permitting, and allowable use. Multiple structures are located on one parcel.
Details
Maps
Contract/Address/Legal
List Price/SqFt: 350
Rent/Lease: Yes
Neighborhood: N/A
REO/Short Sale: Not Applicable
Zoning: MF-M
Assessor's Book #: 113
Assessor's Map #: 12
Assessor's Parcel #: 7
Legal: FLEURY ADD E2; W2; ALL LOT 1 BLK 2 530/212
General Property Description
Aprx Acres: 0.17
Lot #: 1
Lot Size: 7,405
HOA Y/N: No
Buildings: 2
Source of Measuremnt: County Assessor
Stories: 1
Management: Owner
Lease Expires: 2026-02-28
Solar Y/N: No
Total Liveable SqFt: 4283
Year Built: 1960
Baths - Full: 3
Tax Info
Taxes: 1610
Tax Year: 2025
Remarks & Misc
Directions: From downtown Prescott, West on Gurley. Right on N Summit to corner of Summit and Western.
Remarks: Rare downtown Prescott multi-unit opportunity on one parcel. This Multi-Family High-Density (MF-H) zoned property features three residential units across two buildings totaling approximately 4,283 sq ft, offering strong income potential and flexible use for investors or owner-occupants.
The primary residence at 502 Western is a unique 2,808 sq ft concrete home featuring ADA accessibility, elevator access, and a 2-car garage. The main level includes a bedroom with fireplace, family room, laundry, storage, bath, large safe, and elevator access. The upper level offers two bedrooms, two baths, and a spacious open living area with fireplace and kitchen, plus third-floor storage. Flooring, paint, and appliances were updated in 2020.
The Summit Avenue structure totals approximately 1,475 sq ft and includes two additional residential units, updated in 2015. One unit offers two bedrooms, one 3/4 bath, living area, laundry, and private patio. The second unit is a studio apartment with kitchenette, 3/4 bath, and laundry.
Property was previously licensed for short-term rental (VRBO) and later licensed for residential occupancy up to 14 people. Buyer to verify current zoning, permitting, and allowable use. Multiple structures are located on one parcel.
Office/Member Info
Listing Exclusions: No
Building Type
Residential+: 1
Triplex: 1
Construction
Block: 1
Frame - Wood: 1
Stucco: 1
Other - See Remarks: 1
Cooling
Central Refriger: 1
External Amenities
Fence: 1
Handicap Access: 1
Landscaped: 1
Laundry Facilities: 1
Patio/Deck/Balcony: 1
Sprinkler/Drip: 1
Flooring
Carpet: 1
Tile: 1
Wood: 1
Heating
Electric: 1
Forced Air: 1
Owner Pays
All: 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
Rolled/Hot Mop: 1
Terms & Conditions
1031 Exchange: 1
Conventional: 1
Utilities Installed
220: 1
Cable TV: 1
Electricity: 1
Individual Meter: 1
Natural Gas: 1
Telephone: 1
Water - City: 1
WWT - City Sewer: 1
Water Heater
Electric: 1
Natural Gas: 1
Unit 1
Unit ID: 502 Western
# BR: 3
# BA: 3
SqFt: 2808
Unit 1 Parking
2 Car: 1
Attached: 1
Garage: 1
Off Street: 1
Unit 1 Info
Dishwasher: 1
Disposal: 1
Fire/Smoke Detectors: 1
Fireplace: 1
Handicap Accessible: 1
Laundry Room: 1
Microwave: 1
Range/Oven: 1
Refrigerator: 1
Storage Room: 1
Other - See Remarks: 1
Unit 2
Unit ID: 202 Summit
# BR: 2
# BA: 1
SqFt: 1195
Furniture: 1
Unit 2 Parking
1 Car: 1
Off Street: 1
Unit 2 Info
Dishwasher: 1
Disposal: 1
Fire/Smoke Detectors: 1
Microwave: 1
Porch/Patio: 1
Range/Oven: 1
Refrigerator: 1
W/D Connection: 1
Unit 3
Unit ID: 202 Summit studio
# BR: 1
# BA: 1
SqFt: 280
Furniture: 1
Unit 3 Parking
Other - See Remarks: 1
Unit 3 Info
Fire/Smoke Detectors: 1
Refrigerator: 1
W/D Connection: 1
ContractAddressLegal
Original List Price: 1500000
Listing Date: 2026-01-12
Status: Active
Listing Price: 1500000
Street #: 502
Street Name: Western
St Suffix: Avenue
City/Township: Prescott
State: AZ
Zip Code: 86301
Subdivision: Fleurys Addition
County: Yavapai
Tax Parcel: 113-12-007
Property Features
Building Type: Residential+; Triplex
Construction: Block; Frame - Wood; Stucco; Other - See Remarks
Cooling: Central Refriger
External Amenities: Fence; Handicap Access; Landscaped; Laundry Facilities; Patio/Deck/Balcony; Sprinkler/Drip
Flooring: Carpet; Tile; Wood
Heating: Electric; Forced Air
Owner Pays: All
Records Available: None
Road Frontage Type: City Street
Road Surface Type: Paved
Road Responsibility: City Maintained Road
Roof: Asphalt Shingle; Rolled/Hot Mop
Utilities Installed: 220; Cable TV; Electricity; Individual Meter; Natural Gas; Telephone; Water - City; WWT - City Sewer
Water Heater: Electric; Natural Gas
Unit 1 Parking: 2 Car; Attached; Garage; Off Street
Unit 1 Info: Dishwasher; Disposal; Fire/Smoke Detectors; Fireplace; Handicap Accessible; Laundry Room; Microwave; Range/Oven; Refrigerator; Storage Room; Other - See Remarks
Unit 2: Furniture
Unit 2 Parking: 1 Car; Off Street
Unit 2 Info: Dishwasher; Disposal; Fire/Smoke Detectors; Microwave; Porch/Patio; Range/Oven; Refrigerator; W/D Connection
Unit 3: Furniture
Unit 3 Parking: Other - See Remarks
Unit 3 Info: Fire/Smoke Detectors; Refrigerator; W/D Connection
Listing Office: Realty ONE Group Mountain Desert
Last Updated: January - 12 - 2026
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