Prescott Real Estate | Prescott Multi-Family Homes for Sale

1083729 MLS ⋅ ACTIVE Status ⋅ 37,897 Sqft. Lot

PRIME PRESCOTT LOCATION with Exceptional Income Potential & Multi-Generational Opportunity with 3 Units on Nearly 1 Acre, No HOA and ONLY 2 Miles from Downtown Square! Discover a unique and versatile property with two structures; three separate living areas on a single parcel - a rare find in such a desirable location. Great Opportunity to own a Main Home 2Beds/2Baths, 1344 SqFt plus a Duplex (2)1Bed/1Bath, 625 SqFt each (Total 2594 SqFt). Newer HVAC in Main Home with floor vents. Duplex with Vents in Ceiling. Gas & Electric Appliances. Dwellings offer Insulated and walkable crawl space under structure. Only 2 miles from Historic Downtown Prescott, Courthouse Square and Iconic Whiskey Row. Enjoy Prescott's four mild seasons, beautiful surroundings, roaming deer and other wildlife from the covered front porch. Nearly one acre of land provides ample room to enjoy outdoor living, entertaining, gardening, and future possibilities with the close convenience to city attractions. Investors can Maximize their Investment Portfolio while Owner-occupants can enjoy the benefits of Rental Income to offset Ownership costs. Call Today To Schedule Your Showing!

747 & 749 Paul Drive, 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

$915,000

1083339 MLS ⋅ ACTIVE UNDER CONTRACT Status ⋅ 15,000 Sqft. Lot

Exceptional Investment Opportunity! Own a versatile income-producing property featuring a commercial office building and a residential duplex on the same parcel. The commercial office building offers 13 private offices, a welcoming lobby and reception area, two conference rooms, and two restrooms. All offices and conference rooms are individually wired with CAT 5 and RG59 cabling for internet, television, and phone connectivity. Ample parking is available both in front of and behind the building. The office building is currently leased at $4,500 per month NNN. The residential duplex consists of two well-maintained 1-bedroom, 1-bath units, each offering 480 square feet of living space and private fenced backyards. Both units are currently rented at $1,000 per month, with tenants responsible for all utilities except water. Additionally, the property includes a 172-square-foot detached building that is separately heated and cooled, providing excellent flexibility for storage, a private office, or other uses. With multiple income streams, strong rental history, and flexible occupancy options, this is a rare opportunity for investors or owner-users seeking both commercial and residential revenue potential. Owner will carry with 25% down.

729 W Gurley Street, Prescott

$1,375,000

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

$995,000

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: Historic 17-Unit Apartment Complex in Downtown Prescott. Presenting a rare and lucrative opportunity to acquire a historic multi-family property at 320 S. Cortez Street, located in the heart of downtown Prescott, Arizona. This well-maintained, 17-unit apartment building, known as The Pillars, offers a compelling investment in a highly desirable and stable rental market.Property highlights Historic charm: Built in 1919, this property boasts classic architectural features, and some units retain original hardwood flooring, offering residents a unique and sought-after living experience. Ideal unit mix: The building consists of 17 units, including 7 studios and 10 one-bedroom apartments, appealing to a wide range of tenants seeking downtown living. Prime downtown location: The complex is steps away from Prescott's iconic Courthouse Square, a destination for shopping, dining, and local events. Its central location ensures consistently high demand from tenants who desire a walkable, vibrant lifestyle. On-site amenities: A valuable feature for both tenants and investors, the property includes on-site, coin-operated laundry facilities and a gated lower-level entrance with private parking. Proven income stream: With a solid history as a rental property, this investment offers a reliable revenue source and significant upside potential for a new owner through strategic enhancements and market-rate adjustments. Solid construction: The brick-and-concrete building has an average construction quality and stands on a 0.34-acre lot, providing a durable foundation for long-term ownership.Investment potentialThis offering is perfect for investors looking to expand their portfolio with a high-demand, income-generating asset in Prescott, a market known for its strong rental performance. The Pillars provides a unique blend of historic appeal and modern investment stability. Some units have already been upgraded, and with an opportunity to continue renovations, a new owner can further increase property value and rental income.The Prescott rental market is consistently strong due to the city's robust local economy, popular tourist attractions, and a steady influx of new residents. As a relatively low-rise building, The Pillars offers a more intimate residential experience compared to larger, modern complexes.Property details Address: 320 S. Cortez St., Prescott, AZ 86303 Total units: 17 Year built: 1919 Total interior livable area: ~10,000 sq ft Lot size: 0.34 acres Features: On-site laundry, gated parking, historic details, mountain and city views from some unitsFor more information and to schedule a private viewing, contact our commercial real estate specialist Michael Aldridge 602.762.4830. This exceptional opportunity won't last long.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

$399,900

1082217 MLS ⋅ ACTIVE Status ⋅ 7,405 Sqft. Lot

This well-maintained 1939 duplex is a great affordable investment opportunity, just steps from Prescott College and a short walk to the shops, restaurants, and character of historic downtown Prescott. Both units are move-in ready, sitting on a level lot with plenty of parking. Unit A (590 sq ft) features a welcoming front porch, full kitchen, 1 bedroom, a versatile bonus room with half bath, and a dedicated laundry room. Unit B (432 sq ft) is a cozy retreat with a full kitchen, 1 bedroom, a gas fireplace to take the chill off those cool mountain evenings, a 3/4 bath, and stackable washer/dryer in-unit. Three on-site storage sheds offer room for all your gear. A rare chance to live with personality and convenience right in the heart of everything Prescott has to offer.

315 Garden Street, Prescott

$325,000

1081809 MLS ⋅ ACTIVE Status ⋅ 3,049 Sqft. Lot

Duplex occupied with tenants, two day notice for showings. Great multi-family or investment property, just a few blocks away from historic downtown Prescott AZ. These two units on one lot have been well maintained and have had many features upgraded. The back yards are separately fully fenced, and included with the sale of the duplex. Each unit is 574 square feet containing one bedroom and one full bath. Unit #116 has new flooring and new kitchen range. New roof installed 3 years ago. New interior paint in both units less than a year ago. Wall heaters in both units were replaced between 2-3 years old. A partial box of wood flooring to 116 will go with sale. Rent Right is the property manager who retains Maintenance Logs and tenant leases. The tenant in unit 116 has a lease until 10/5/2026. The tenant in unit 118 has a lease until 8/27/2026. Two parcels are included in the sale: the duplex is on one, and the backyard is on another. Both Parcel #109-04-074A and 109-04-077 to convey. Total size of the two parcels together is 0.1 acre, approx 4500'. Property sold AS-IS.

116 E Leroux Street, Prescott

$1,150,000

1081357 MLS ⋅ ACTIVE UNDER CONTRACT Status ⋅ 9,583 Sqft. Lot

Excellent multi-unit investment property offering a rare chance to own prime income producing property bordering the Hassayampa golf course. Each unit features a 2 bedroom 2 bath designed for comfortable living with updated spacious layouts and functional floor plans. Just minutes from downtown, this property offers strong rental demand and excellent upside potential. Updates include new roof and facia, new front doors, fresh interior/exterior paint, drought tolerant landscape with drip system, new laundry center with dual full size stackable washer and dryers at no charge to tenants, new appliances, remodeled kitchen and baths, new laminate flooring, and new LED lighting throughout, all ensuring lower maintenance costs for new owner. With a solid rental history, whether you're expanding your portfolio or starting your real estate investment journey, this property offers stability, income, and future growth. Don't miss this exceptional opportunity.

338 Country Club Circle, Prescott

$485,000

1080781 MLS ⋅ ACTIVE Status ⋅ 5,253 Sqft. Lot

Downtown Prescott Charmer and Investment Opportunity - There are two site-built homes on this parcel which are currently used as vacation rentals yielding 6.25% net ROI. Front house has 2 bedrooms, 1 bath, spacious dining area, welcoming living space, granite kitchen, and new roof. Back house has 1 bedroom, 1 bath, delightful eat-in kitchen, and cozy living area. Both homes are heated/cooled via Mini-Splits, have washer/dryer, new vinyl flooring, new windows, fresh paint, and four parking spaces. Outdoor spaces are serene and enchanting. Homes are beautiful and move-in ready. No work is needed. Prescott Courthouse Square is only six tenths of a mile away so occupants can enjoy all that Prescott downtown has to offer. Both homes are absolutely adorable. There is also a storage building included 'as is' on the property.

720 W Gurley Street, Prescott

$727,000

1080410 MLS ⋅ ACTIVE Status ⋅ 6,970 Sqft. Lot

Incredible opportunity! In Town easy access to the square! Great tenants on month to month in fully renovated units! New to investment properties? - THIS IS the one!! Low turn over, easy to rent units. Live in the main house and rent the other two for income! The property also has COP approval!

609 E Goodwin Street, 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

$674,000

1080328 MLS ⋅ ACTIVE Status

DO NOT DISTURB TENANTS Located near downtown Prescott, this highly successful Rental zoned multifamily offers a rare opportunity to own two properties in a prime location. Situated on a generous 0.29-acre lot, the property features two remodeled residences: Unit B: A charming 1928 cottage bungalow with 2 bedrooms and 1 bath, beautifully updated while preserving its historic character. A Stone Casita Unit C: 1 bedroom, 1 bath. Both units are move-in ready and have been extensively upgraded, including new roof on Unit B, updated electrical and gas lines brought to code, new water heaters, mini-split systems,artificial turf, and fencing and so much more. See 'Feature Sheet' in documents tab.Each residence enjoys a private, pet-friendly courtyard with patio and artificial turf fencedyard. The oversized lot also offers room for a future garage or additional improvements,adding even more long-term value. There is even a tuff shed for storage in the back.The property has earned exceptional Superhost ratings of 4.9 and 5.0, reflecting its strong guest appeal and consistent performance as a short-term rental.An outstanding investment opportunity --continue operating as a successful short-term rental, or live in one residence while generating income from the other. Don't miss this rare opportunity to own a successful hospitality property in one of Prescott's most desirable downtown locations. The listing agent must confirm all showings, as this is an active Short-Term Rental.

539 Lincoln Avenue, Prescott

$549,953

1080180 MLS ⋅ ACTIVE UNDER CONTRACT Status ⋅ 14,375 Sqft. Lot

Nestled in the highly desirable Yavapai Hills community in the heart of Prescott, this view property offers a rare combination of flexibility, income potential, and long-term value. With breathtaking views and a thoughtfully designed layout, this home is an outstanding opportunity for buyers seeking a multi-generational setup, multi-family-style living, or strong rental potential.The main level features 1,488 square feet with three bedrooms, two bathrooms, a spacious living room, and two dining areas that provide flexibility for everyday living and entertaining. Large windows fill the home with natural light while showcasing Prescott's beautiful landscape. Step outside onto the expansive deck to enjoy morning coffee, evening sunsets, and the peaceful setting that makes Yavapai Hills one of Prescott's most sought-after neighborhoods. The roof was replaced in 2023, offering added peace of mind for years to come.The lower level adds exceptional versatility with 1,252 square feet of private guest quarters and its own separate side entrance, making it especially appealing for multi-family use or rental income. This space includes two bedrooms, one bathroom, a large living room, a kitchenette, generous storage, and a private deck. Whether used for extended family, adult children, long-term guests, or as an income-producing rental space, this lower level offers the kind of flexibility that is increasingly hard to find.For buyers looking for a property that can serve multiple needs, this home stands out. The separate living areas create an ideal setup for multi-generational households, shared living arrangements, or owners who want to offset their mortgage with rental income. With its functional layout and private lower-level quarters, this property offers excellent potential as a high-demand rental or dual-living opportunity.Located just minutes from shopping, dining, medical facilities, and downtown Prescott, this property offers the perfect balance of privacy, views, and convenience. Opportunities like this do not come along often. Whether you are looking for a spacious home with room for extended family or a property with excellent rental potential in one of Prescott's premier communities, this home delivers.

694 Sunrise, 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

$3,750,000

1079801 MLS ⋅ ACTIVE Status ⋅ 28,413 Sqft. Lot

Fully leased 12 unit + office multifamily portfolio in Downtown Prescott. Three parcels totaling approximately 0.64 acres with +/-11,600 SF of improvements, 100% leased to a licensed treatment operator under a modified NNN lease structure.Current rent of $20,800/month increases 4% upon renewal, producing $249,600 in annual income post-renewal. Tenant reimburses operating expenses and pays property taxes directly, providing stable, low-management cash flow.Zoned MF-M with long-term flexibility for continued multifamily use or redevelopment. Rare, stabilized investment opportunity in a supply-constrained downtown submarket.Offered at $3,750,000 (~6.66% cap on post-renewal income).

214 N Arizona Avenue, Prescott

$999,900

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

$2,195,000

1079524 MLS ⋅ ACTIVE Status ⋅ 8,332 Sqft. Lot

Mansion by the Square represents a distinguished vacation rental destination with significant investment potential. This historic property has undergone extensive capital improvements while preserving its rich local heritage, offering guests an authentic and memorable experience in a prime location. Strategically positioned in close proximity to Courthouse Square, the property provides guests with convenient access to an array of dining establishments, retail shops, and community events. The building comprises ten fully furnished units, including seven spacious suites and three well-appointed studios, catering to a diverse range of guest preferences and group sizes. The property's rental strategy demonstrates strong growth potential. Initial rates were deliberately set at competitive entry points to establish market presence and generate positive reviews across major vacation rental platforms. This approach has proven successful, with rental rates now experiencing steady upward momentum as the property's reputation continues to strengthen. With its combination of historical character, modern improvements, strategic location, and demonstrated revenue growth trajectory, Mansion by the Square presents an exceptional opportunity for investors seeking to enter or expand within the thriving vacation rental market.

105 S Alarcon Street, Prescott

$319,000

1079518 MLS ⋅ ACTIVE Status ⋅ 7,405 Sqft. Lot

Investor opportunity near Downtown Prescott. Two residences on one parcel with shared well. Front 1955 site-built 1 bed/1 bath home with wood floors and fenced yard, leased at $1,250/month recent vacant 2/1/26. Rear double-wide offers 3 beds/2 baths, leased at $1,650/month through 11/30/24 - currently month to month. Fixer upper dream with strong upside potential. Owner will carry with $100K down.

815 Dameron Drive, Prescott

$819,000

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

$1,095,000

1079034 MLS ⋅ ACTIVE Status ⋅ 7,405 Sqft. Lot

Don't miss this prime investment opportunity close to downtown and the Courthouse Square. This well-cared-for, all-electric property features ample parking and private storage units for every residence. All units offer baseboard heating, with mini-splits in the upper units for added comfort. The top two units have been upgraded including luxury vinyl flooring. All units feature most new appliances, roof (appx 3 yrs old), recently refurbished stairwell, new windows and siding (2017). 6 parking spaces. Owner may carry with a substantial down payment. Excellent opportunity for investors seeking flexibility and long-term value.

425 S Alarcon Street, Prescott

$1,185,000

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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