$849,000
Prescott, AZ 86305
MLS# 1079369
4 beds | 3 baths | 1718 sqft
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Property Description
Income-producing multi-family property with stable in-place rents and future value-add potential in a prime central location. This versatile asset offers immediate cash flow with all three units currently rented and operating under a utilities-included rental structure, providing simplified management and consistent occupancy. Zoned Business General and designated historic (potential property tax advantages), the property is located just 0.6 miles from downtown, with convenient access to shopping, dining, and services. The main residence (Unit 1) is a 5-bedroom, 3-bath home currently rented at $3,200/month (utilities included). Features include updated windows, original wood flooring, formal living and dining rooms, a dedicated laundry room, and a walk-out basement offering ample storage. Three bedrooms provide private exterior access, allowing flexibility for rental, office, or live/work use. A separate two-story building contains two 1-bedroom, 1-bath apartment units: Unit 3: $1,400/month (utilities included) Unit 4: $1,300/month (utilities included) Each unit includes its own living space, kitchen, and private patio, well-suited for long-term tenancy. Recent improvements include a newer water heater in Unit 3 & 4, a newer wall heater in Unit 4, and recently serviced A/C in the main house. An additional unfinished 1,000+ sq. ft. area offers upside potential for future income or expansion (buyer to verify). A compelling opportunity to acquire a centrally located multi-family property with in-place income today and repositioning upside tomorrow. Property offered in its current condition. Seller has completed prior inspections, including general inspection, radon, air quality, and sewer scope. Reports available for buyer review. Price reflects condition.
Details
Maps
Contract/Address/Legal
List Price/SqFt: 494
Unit #: 1-4
Residential Type: Site Built Single Family
Land Lease: No
Residential Status: Existing
Neighborhood: N/A
REO/Short Sale: Not Applicable
Zoning: BG
Lot #: 11
Lot Size: 7,841
Assessor's Book #: 113
Assessor's Map #: 11
Assessor's Parcel #: 86
Legal: MURPHYS 1ST SUB LOT 11
Irrigation Rights: No
General Property Description
Aprx Acres: 0.18
Bedrooms Possible: 5
HOA Y/N: No
Split Bedroom Plan: No
Buildings: 2
Stories: 1
WH Gallons: 72
Aprx SqFt: 1718
Source of Measurement: County Assessor
Garage Attached: 0
Garage Detached: 0
Carport Attached: 0
Carport Detached: 0
Total Parking: 0
RV Garage/Parking: Yes
Home Warranty: Negotiable
Solar Y/N: No
Age Restrictions Y/N: No
Bedrooms: 4
Baths - Full: 1
Baths - 3/4: 2
Total Bathrooms: 3
Year Built: 1914
Total Liveable SqFt: 1718
Tax Info
Taxes: 1765
Tax Year: 2025
Remarks & Misc
Directions: From downtown Prescott take Gurley St. - West 0.6 miles, through the Park Ave intersection then take an immediate right on Garden St. Another immediate left on W. Gurley St. The house is located on the right (North).
Remarks: Income-producing multi-family property with stable in-place rents and future value-add potential in a prime central location.
This versatile asset offers immediate cash flow with all three units currently rented and operating under a utilities-included rental structure, providing simplified management and consistent occupancy.
Zoned Business General and designated historic (potential property tax advantages), the property is located just 0.6 miles from downtown, with convenient access to shopping, dining, and services.
The main residence (Unit 1) is a 5-bedroom, 3-bath home currently rented at $3,200/month (utilities included). Features include updated windows, original wood flooring, formal living and dining rooms, a dedicated laundry room, and a walk-out basement offering ample storage. Three bedrooms provide private exterior access, allowing flexibility for rental, office, or live/work use.
A separate two-story building contains two 1-bedroom, 1-bath apartment units:
Unit 3: $1,400/month (utilities included)
Unit 4: $1,300/month (utilities included)
Each unit includes its own living space, kitchen, and private patio, well-suited for long-term tenancy.
Recent improvements include a newer water heater in Unit 3 & 4, a newer wall heater in Unit 4, and recently serviced A/C in the main house. An additional unfinished 1,000+ sq. ft. area offers upside potential for future income or expansion (buyer to verify).
A compelling opportunity to acquire a centrally located multi-family property with in-place income today and repositioning upside tomorrow.
Property offered in its current condition. Seller has completed prior inspections, including general inspection, radon, air quality, and sewer scope. Reports available for buyer review. Price reflects condition.
Office/Member Info
Listing Exclusions: No
Construction
Block: 1
Frame - Wood: 1
Cooling
Ceiling Fan(s): 1
Central Air: 1
None: 1
Flooring
Laminate: 1
Wood: 1
Heating
Forced Air: 1
Wall Unit: 1
Possession
Subject to Tenant: 1
Records Available
Other - See Remarks: 1
Road Frontage Type
City Street: 1
Road Surface Type
Asphalt: 1
Paved: 1
Style
Traditional: 1
Other - See Remarks: 1
Road Responsibility
City Maintained Road: 1
Roof
Composition: 1
Rolled/Hot Mop: 1
Interior Features
Ceiling Fan(s): 1
Formal Dining Area: 1
Laminate Counters: 1
Live on One Level: 1
Master On Main: 1
Pantry: 1
Smoke Detector(s): 1
Wash/Dry Connection: 1
Terms & Conditions
1031 Exchange: 1
Conventional: 1
FHA: 1
VA: 1
Exterior Features
Driveway-Concrete: 1
Fence - Part: 1
Porch - Covered: 1
Utilities Installed
Cable TV: 1
Electricity: 1
Natural Gas: 1
Telephone: 1
Water - City: 1
WWT - City Sewer: 1
Water Heater
Natural Gas: 1
Appliances
Dishwasher: 1
Disposal: 1
Dryer: 1
Gas Range: 1
Microwave: 1
Refrigerator: 1
Washer: 1
Topo/Location
Other - See Remarks: 1
Foundation/Basement
Bsmt - Crawl: 1
Bsmt - Outside Acc: 1
Found - Piers: 1
Window/Coverings
Double Pane Windows: 1
Horizontal Blinds: 1
Screens: 1
See Remarks: 1
Pets/Animals
Domestics: 1
Other Rooms
Family Room: 1
Laundry Room: 1
Other - See Remarks: 1
Subdivision Features
None: 1
ContractAddressLegal
Original List Price: 849000
Listing Date: 2026-02-04
Status: Active
Listing Price: 849000
Street #: 658
Direction: W
Street Name: Gurley
St Suffix: Street
City/Township: Prescott
State: AZ
Zip Code: 86305
County: Yavapai
Subdivision: Fleurys Addition
Tax Parcel: 113-11-086
Property Features
Style: Traditional; Other - See Remarks
Construction: Block; Frame - Wood
Interior Features: Ceiling Fan(s); Formal Dining Area; Laminate Counters; Live on One Level; Master On Main; Pantry; Smoke Detector(s); Wash/Dry Connection
Exterior Features: Driveway-Concrete; Fence - Part; Porch - Covered
Appliances: Dishwasher; Disposal; Dryer; Gas Range; Microwave; Refrigerator; Washer
Heating: Forced Air; Wall Unit
Cooling: Ceiling Fan(s); Central Air; None
Flooring: Laminate; Wood
Utilities Installed: Cable TV; Electricity; Natural Gas; Telephone; Water - City; WWT - City Sewer
Roof: Composition; Rolled/Hot Mop
Water Heater: Natural Gas
Road Frontage Type: City Street
Road Surface Type: Asphalt; Paved
Road Responsibility: City Maintained Road
Other Rooms: Family Room; Laundry Room; Other - See Remarks
Records Available: Other - See Remarks
Subdivision Features: None
Possession: Subject to Tenant
Listing Office: Above The Best Realty LLC
Last Updated: February - 06 - 2026
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