Prescott Real Estate | Prescott Multi-Family Homes for Sale

1084612 MLS ⋅ ACTIVE Status ⋅ 6,970 Sqft. Lot

Beautifully renovated home with a fully detached guest house, offering incredible flexibility for multi-generational living, investment income, or short-term rental opportunities. The main home and guest house feature completely separate private yards, allowing each residence to be enjoyed or rented independently.Extensive upgrades include a brand-new HVAC system, new roof, new dual-pane windows, and new landscaping. Ideally located just minutes from Downtown Prescott and historic Whiskey Row, with some of the area's best shopping, dining, entertainment, and local events close by.Whether you're looking for a primary residence with a private guest house, a long-term income-producing property, or a potential short-term rental setup, this unique property offers endless possibilities in a fantastic Prescott location.

551 Gail Gardner Way, Prescott

$660,000

1084315 MLS ⋅ ACTIVE UNDER CONTRACT Status ⋅ 2,614 Sqft. Lot

Discover a rare opportunity to own a beautifully restored historic duplex listed on the National Register of Historic Places in the heart of Downtown Prescott. Only two blocks from Whiskey Row and the Historic Courthouse Plaza, this turnkey property blends timeless character with designer updates. The main residence offers 2 bedrooms and 1 bath with soaring ceilings, hardwood floors, abundant natural light, and a beautifully remodeled kitchen, while the second unit features 1 bedroom and 1 bath with its own updated kitchen and private living space. A charming courtyard with a paver patio, white picket fence, mature apple tree, and shared laundry creates an inviting outdoor retreat. This property offers exceptional flexibility as an income-producing investment, owner-occupied duplex, multigenerational home, or full-time residence. Less than half a mile to restaurants, breweries, boutiques, art galleries, live entertainment, and Prescott's year-round events while enjoying one of Arizona's most sought-after historic downtown neighborhoods.

117 W Aubrey Street, Prescott

$1,100,000

1083481 MLS ⋅ ACTIVE Status ⋅ 7,405 Sqft. Lot

Exceptional investment opportunity in the heart of Prescott! This highly sought-after tri-plex is just minutes from Historic Downtown Prescott, Whiskey Row, restaurants, shopping, entertainment, and year-round community events.With a proven track record as a successful short-term rental and an excellent Airbnb guest rating, this income-producing property offers immediate appeal to investors seeking a turnkey vacation rental or those looking to expand their real estate portfolio. Each thoughtfully appointed unit provides guests with comfort, privacy, and the charm that makes Prescott one of Arizona's premier destinations.UNIT HIGHLIGHTS INCLUDE THE FOLLOWING:MAIN HOME is a beautifully renovated 1924 home, keeping it's historic charm with original hardwood floors and tin tile ceiling. Along with original vintage wood doors in bedrooms and closet. Mini splits have been added in both bedrooms and living room providing comfortable air conditioning and heat throughout. This home also has a private fully fenced patio area with low maintenance pavers and artificial grass for comfortable outdoor entertainment.UNIT A is a thoughtfully renovated 2 bedroom/1 bath with an office area/potential bedroom. Floors have been upgraded with luxury vinyl and kitchen with new appliances. A mini split had been added to the main living area with ceiling fans throughout the home. This home also has a separate laundry area just off the kitchen and a private entrance with outdoor patio space.UNIT B, similar to Unit A, this thoughtfully renovated home is a 3 bedroom/1 bath with new luxury vinyl floors and kitchen appliances. A mini split had been added to the main living area with ceiling fans throughout the home. This home also includes it's own washer and dryer, private entrance and patio area.ROOF COMPLETELY REPLACED IN 2022.INVESTMENT HIGHLIGHTS INCLUDE:Highly desirable downtown location minutes (.5 miles) from the Courthouse Plaza..Established, top-performing Airbnb property with excellent guest reviews.Three separate units offering multiple income streams. Strong year-round tourism marketIdeal for short-term, mid-term, or long-term rental strategies. Properties with this combination of location, proven rental performance, and income potential rarely come to market. Don't miss this opportunity to own one of Prescott's premier investment properties with an established reputation for exceptional guest experiences.Whether you're looking to maximize short-term rental income, house hack by living in one unit while renting the others, or maintain the property as a long-term investment, this versatile tri-plex offers exceptional flexibility and strong earning potential.

609 S Granite Street, Prescott

$1,249,000

1083409 MLS ⋅ ACTIVE Status ⋅ 6,969 Sqft. Lot

NEW CONSTRUCTION DUPLEX -- WALK TO DOWNTOWN PRESCOTT | INVESTOR & OWNER-OCCUPANT OPPORTUNITYRare new-construction investment opportunity a short walk from downtown Prescott, backing to a seasonal stretch of Granite Creek. One of three side-by-side duplexes, each sold as a complete two-unit building -- turnkey income property or the perfect house-hack.Land is currently being split into three parcels; Each parcel will be .17 acres and will have 2 units.Each unit offers approximately 1,975 sq ft with 3 bedrooms and 2.5 baths across a smart three-level layout: covered carport and private entry on the ground level, an open kitchen/living/dining great room opening to a private deck on the main level, and all bedrooms, 2 baths plus laundry upstairs.BUILT FOR INCOME & FLEXIBILITY -- Live in one side and rent the other to help cover your mortgage, or hold the full duplex as a cash-flowing rental/investment property in one of Arizona's most in-demand small cities. Investor- and owner-occupant-friendly, with strong rental fundamentals and limited new-construction inventory this close to downtown.FINISH IT YOUR WAY -- Offered at a base price with a Standard Finish Package, then make it yours. Select your own finishes through the builder's in-house design studio, with tiered cabinetry, countertop, flooring, tile, and fixture upgrades available (Koch & SOLLiD cabinetry). Keep it efficient for a rental or step up for an owner-occupied home.BULK / PORTFOLIO PRICING AVAILABLE for investors acquiring multiple buildings. Serious buyers and investors -- contact the builder for a full pricing breakdown, finish & upgrade schedule, projected rental analysis, and sample purchase contract. New build: choose your building and finishes before completion.Renderings are artist's representations; surroundings illustrative. Standard Finish Package shown. Pricing preliminary and subject to final selections.

831 Hope Street, Prescott

$1,275,000

1083337 MLS ⋅ ACTIVE Status ⋅ 6,970 Sqft. Lot

RARE PRESCOTT FOUR-RESIDENCE PORTFOLIO -- TWO ADJACENT PARCELS OFFERED TOGETHER. Offered at $1,375,000, this unique Ruth Street opportunity includes the Yellow House and detached Yellow Cottage at 703 Ruth Street, plus the newly built Green House and Green Cottage at 705 Ruth Street. Together, the properties create a rare multi-residence investment package with historic charm, new-construction comfort, existing rental history, and long-term flexibility.The Yellow House and Yellow Cottage are believed to date to circa 1912, offering classic Prescott character, vintage details, garden charm, outdoor living areas, and a detached cottage with private access, laundry, fenced yard, and dedicated parking. The Green House, built in 2025, captures a timeless cottage/bungalow feel while offering modern finishes, warm living spaces, arched openings, designer lighting, updated kitchen finishes, and thoughtful vintage-inspired style.Across the portfolio are four separate residences, city utilities, no HOA, multiple parking areas, and approximately 3,248 sq. ft. of combined improvements. Both cottages have a rental history of approximately $1,700 per month each, creating strong income flexibility while preserving future options. Ideal for investors, multi-generational living, house-hacking, furnished rentals, long-term rentals, or a legacy Prescott hold.Opportunities to acquire four existing residences on two adjacent parcels in Prescott are increasingly difficult to find. Offered as one portfolio only. Buyer to verify zoning, permitted uses, leases, rental history, square footage, and any redevelopment or expansion potential.

705 Ruth Street, Prescott

$939,000

1083282 MLS ⋅ ACTIVE Status ⋅ 6,098 Sqft. Lot

Opportunities to purchase a commercially zoned, nationally recognized historic property in Downtown Prescott are exceptionally rare. The Wilder House combines timeless architecture, modern updates, flexible BR zoning, and a premier location in one of Arizona's strongest tourism and lifestyle markets. Whether operated as a luxury hospitality asset, professional office, mixed-use investment, or iconic flagship business, the property offers investors both immediate income potential and long-term appreciation supported by its unique historical significance and walkable downtown setting

346 S Montezuma Street, Prescott

$3,286,000

1082558 MLS ⋅ ACTIVE Status ⋅ 14,810 Sqft. Lot

Prime investment opportunity in the heart of Downtown Prescott. The Pillars, located at 320 S. Cortez Street, is a historic 17-unit multifamily property featuring 7 studio and 10 one-bedroom apartments in a highly desirable, walkable location near Courthouse Square, shopping, dining, entertainment and local events.The approximately 10,000 SF brick-and-concrete building sits on 0.34 acres and offers historic architectural character, with select units featuring original hardwood flooring. Several units have been updated, providing additional opportunity to renovate remaining units and enhance rental income.Property amenities include on-site coin-operated laundry, gated lower-level access, and private parking. Some units offer city and mountain views. The desirable unit mix established rental history and prime downtown location make this a compelling opportunity for investors seeking a well-positioned multifamily asset with value-add potential.17 Units | 7 Studios | 10 One-Bedrooms | Approx. 10,000 SF | 0.34 AcresFor additional information or to schedule a private showing, contact Michael Aldridge at 602-762-4830.This exceptional opportunity won't last long. Historical significance of the Pillars is outlined in the More... section. Title is being held open see private remarks.

320 S Cortez Street, Prescott

$699,000

1082378 MLS ⋅ ACTIVE Status ⋅ 9,148 Sqft. Lot

Fully rented 3-unit investment property in the heart of Prescott offering immediate income potential. This centrally located multi-family property features two charming 2-bedroom, 1-bath units at 615 and 613, originally built in 1934, plus a separate 1-bedroom, 1-bath unit at 611 built in 1995. Convenient location close to downtown Prescott, shopping, dining, and local amenities. Excellent opportunity for investors seeking a stable income-producing property with a strong rental history.

615 W Hillside Avenue, Prescott

$574,900

1080397 MLS ⋅ ACTIVE Status ⋅ 8,276 Sqft. Lot

Fantastic investment opportunity! Two identical 2 bedroom, 1 bathroom homes, 667 square feet each. Walking distance to courthouse square and Whiskey Row! Great room with cathedral ceilings and Clerestory windows. Open, efficient kitchen and laundry. Elevated foundation provides storage and street view from the full length covered porch. Schedule your showing today!

509 1st Street, Prescott

$999,000

1080130 MLS ⋅ ACTIVE Status ⋅ 7,405 Sqft. Lot

Exceptional 5-unit multifamily investment opportunity in Prescott, offering strong in-place income and full occupancy. The unit mix consists of three 2-bedroom/1-bath units, one 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. All tenants are month-to-month allowing for new ownership flexibility.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.

622 Western Avenue, Prescott

$924,900

1079541 MLS ⋅ ACTIVE Status ⋅ 7,405 Sqft. Lot

Rare opportunity in the heart of downtown Prescott. This charming multi-unit property offers historic character, modern updates, and immediate rental income.The front home (Unit A), 2 bedrooms and 2 bathrooms. Side unit (B) is fully remodeled and features 1 bedroom and 1 bathroom. This unit is rented at $1,200/month. The rear unit (Unit C), a 518 sq ft, 1-bedroom home built in 1939, is also tenant occupied, generating $2,000/month.

324 N Mount Vernon Avenue, Prescott

$799,000

1079302 MLS ⋅ ACTIVE Status ⋅ 7,841 Sqft. Lot

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.

Prescott

$1,130,000

1078584 MLS ⋅ ACTIVE Status ⋅ 22,651 Sqft. Lot

Exceptional Multi-Family Opportunity Near Downtown Prescott. Offered for the first time on the market, this rare four-plex is ideally located just moments from historic downtown Prescott, providing an outstanding opportunity for investors or owner-occupants alike. The property features four distinct floor plans constructed from 12 inch poured concrete walls, 4 inch thick concrete with steel web flooring girders. It includes a spacious owner's unit offering just over 1,600 square feet, perfect for comfortable on-site living while generating rental income from the remaining units with a beautiful covered temperature controlled Arizona room with west facing views. The four-plex presents an immediate income producing opportunity, with additional upside through light renovations and updates to further enhance value and long term returns, with a future elevator through a uniquely design shaft already on site. Situated on an oversized lot, the property has exterior covered parking, paved road and alley access, a fenced in garden area, along with a motorhome pad with full hookups available. The property also offers significant future potential, as current zoning allows for the expansion of an additional multi-family building, making this a compelling value add or development play. With its prime proximity to downtown amenities, dining, and entertainment, and opportunities like this rarely coming available, this is a truly special Prescott investment property that blends location, income, and future growth potential.

520 S Cortez Street, Prescott

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