$1,100,000
Prescott, AZ 86305
MLS# 1080130
3198 sqft
1 / 33
Property Description
Exceptional 5-unit multifamily investment opportunity in Prescott, offering strong in-place income and full occupancy. The unit mix consists of two 2-bedroom/1-bath units, two 1-bedroom/1-bath unit, and one studio, providing a diversified rental profile that appeals to a broad tenant base. The property is fully occupied with a total annual gross income of $86,160.00, delivering immediate and stable cash flow. Each unit is individually metered for gas and electric, helping to minimize owner expenses and simplify utility management. With its desirable unit mix, consistent occupancy, and this property presents an attractive opportunity for both seasoned investors and those looking to expand their multifamily portfolio in a strong rental market at Downtown Prescott.
Details
Maps
Documents
Contract/Address/Legal
List Price/SqFt: 344
Rent/Lease: Yes
Neighborhood: N/A
REO/Short Sale: Not Applicable
Zoning: BG
Assessor's Book #: 113
Assessor's Map #: 12
Assessor's Parcel #: 100
Legal: FLEURY ADD W2 LOT 17 AP8; W2 LOT 18 AP9 ALL IN BLK 9 404/3 54 3/299
General Property Description
Aprx Acres: 0.17
Lot #: 17&18
Lot Size: 7405.2
Bedrooms Possible: 7
Buildings: 4
Source of Measuremnt: Builder Plans
Stories: 1
Management: Owner
Solar Y/N: No
Total Liveable SqFt: 3198
Year Built: 1930
Baths - Full: 5
Remarks & Misc
Directions: Well-located in Prescott at 622 / 624 Western Avenue and 201 / 201 1/2 / 203 Garden Street, this multifamily property benefits from a corner setting with dual street frontage, offering convenient access for multiple units and strong rental appeal.
Remarks: Exceptional 5-unit multifamily investment opportunity in Prescott, offering strong in-place income and full occupancy. The unit mix consists of two 2-bedroom/1-bath units, two 1-bedroom/1-bath unit, and one studio, providing a diversified rental profile that appeals to a broad tenant base.
The property is fully occupied with a total annual gross income of $86,160.00, delivering immediate and stable cash flow. Each unit is individually metered for gas and electric, helping to minimize owner expenses and simplify utility management.
With its desirable unit mix, consistent occupancy, and this property presents an attractive opportunity for both seasoned investors and those looking to expand their multifamily portfolio in a strong rental market at Downtown Prescott.
Building Type
5+ Units: 1
Construction
Other - See Remarks: 1
Cooling
See Remarks: 1
External Amenities
Other - See Remarks: 1
Flooring
See Remarks: 1
Heating
See Remarks: 1
Owner Pays
Other - See Remarks: 1
Records Available
Other - See Remarks: 1
Road Frontage Type
See Remarks: 1
Road Surface Type
See Remarks: 1
Road Responsibility
See Remarks: 1
Roof
Other - See Remarks: 1
Terms & Conditions
Other - See Remarks: 1
Utilities Installed
Other - See Remarks: 1
Water Heater
Other - See Remarks: 1
Unit 1
Unit ID: 201 Garden
Rent $: 1619
Unit 1 Parking
Other - See Remarks: 1
Unit 1 Info
Other - See Remarks: 1
Unit 2
Unit ID: 201 1/2 Garden
Rent $: 1000
Unit 2 Parking
Other - See Remarks: 1
Unit 2 Info
Other - See Remarks: 1
Unit 3
Unit ID: 203 Garden
Rent $: 1500
Unit 3 Parking
Other - See Remarks: 1
Unit 3 Info
Other - See Remarks: 1
Unit 4
Unit ID: 622 Western
Rent $: 1500
Unit 4 Parking
Other - See Remarks: 1
Unit 4 Info
Other - See Remarks: 1
Unit 5
Unit ID: 624 Western
Rent $: 1560
Unit 5 Parking
Other - See Remarks: 1
Unit 5 Info
Other - See Remarks: 1
ContractAddressLegal
Original List Price: 1100000
Listing Date: 2026-03-09
Status: Active
Listing Price: 1100000
Street #: 622
Street Name: Western
St Suffix: Avenue
City/Township: Prescott
State: AZ
Zip Code: 86305
County: Yavapai
Tax Parcel: 113-12-100
Property Features
Building Type: 5+ Units
Construction: Other - See Remarks
Cooling: See Remarks
External Amenities: Other - See Remarks
Flooring: See Remarks
Heating: See Remarks
Owner Pays: Other - See Remarks
Records Available: Other - See Remarks
Road Frontage Type: See Remarks
Road Surface Type: See Remarks
Road Responsibility: See Remarks
Roof: Other - See Remarks
Utilities Installed: Other - See Remarks
Water Heater: Other - See Remarks
Unit 1 Parking: Other - See Remarks
Unit 1 Info: Other - See Remarks
Unit 2 Parking: Other - See Remarks
Unit 2 Info: Other - See Remarks
Unit 3 Parking: Other - See Remarks
Unit 3 Info: Other - See Remarks
Unit 4 Parking: Other - See Remarks
Unit 4 Info: Other - See Remarks
Unit 5 Parking: Other - See Remarks
Unit 5 Info: Other - See Remarks
5 Unit Multifamily OM 
Listing Office: Arizona Commercial
Last Updated: March - 09 - 2026
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