, Prescott, AZ 86305 (MLS# 1079302)

Prescott, AZ 86305

$799,000

Property Type: Multi-Family Square Footage: 3,693 Lot Size (sq. ft.): 7,841 Status: Active

Current Price: $799,000 List Date: 2/05/2026 Last Modified: 8/19/2026

Overview

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: Un ... (Read more)

Listing Details MLS# 1079302

ContractAddressLegal

Original List Price: 849000
Listing Price: 799000
City/Township: Prescott
State: AZ
Zip Code: 86305

General Property Description

Lot #: 11
Bedrooms Possible: 8
Aprx Acres: 0.18
Aprx SqFt: 3692.8
Source of Measuremnt: County Assessor
Buildings: 2
Stories: Yes
Year Built: 1914
Management: Owner
Lease $: 5900
Lease Expires: 2026-10-31
Solar Y/N: No
Baths - Full: 4

Tax Info

Taxes: 1765
Tax Year: 2025

Unit 1

Unit ID: Yes
# BR: 4
# BA: 3
SqFt: 1717
Tenant Utilities: Cable/Internet
Rent $: 3200

Unit 2

Unit ID: 2
SqFt: 1026
Tenant Utilities: Cable/Internet

Unit 3

Unit ID: 3
# BR: Yes
# BA: Yes
SqFt: 474
Tenant Utilities: Cable/Internet
Rent $: 1400

More Information

Unit 4

Unit ID: 4
# BR: Yes
# BA: Yes
SqFt: 474
Tenant Utilities: Cable/Internet
Rent $: 1300

Property Features

Building Type: Fourplex; Other - See Remarks Construction: Block; Frame - Wood Cooling: Ceiling Fan(s); Central Refriger; None; See Remarks External Amenities: Patio/Deck/Balcony Flooring: Concrete; Laminate; Vinyl; Wood Heating: Forced - Gas; Wall Unit Owner Pays: All Records Available: Other - See Remarks Road Frontage Type: City Street Road Surface Type: Asphalt; Paved Road Responsibility: City Maintained Road Roof: Asphalt Shingle; Rolled/Hot Mop Utilities Installed: Cable TV; Electricity; Natural Gas; Telephone; Water - City; WWT - City Sewer Water Heater: Natural Gas Unit 1 Parking: 3+ Car; Off Street Unit 1 Info: Ceiling Fan(s); Den/Family Room; Dishwasher; Disposal; Fire/Smoke Detectors; Laundry Room; Microwave; Porch/Patio; Range/Oven; Refrigerator; Storage Room; W/D Connection Unit 2 Parking: 1 Car; Garage; None Unit 2 Info: Other - See Remarks Unit 3 Parking: 1 Car; Off Street Unit 3 Info: Ceiling Fan(s); Den/Family Room; Fire/Smoke Detectors; Microwave; Porch/Patio; Range/Oven; Refrigerator Unit 4 Parking: 1 Car; Off Street Unit 4 Info: Ceiling Fan(s); Fire/Smoke Detectors; Microwave; Porch/Patio; Range/Oven; Refrigerator

Listing Office: Realty Executives Arizona Territory

Last Updated: August - 19 - 2026

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