Prescott AZ Multi Family for Sale

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Type:
Multi-Family
Sq.Ft.:
n/a
Status:
Active
Beds:
n/a
Year built:
1978
Baths:
MLS#:
6776120

ADDITIONAL INFORMATION

Great investment opportunity! This 4-plex is a turn-key, cash-flowing asset for your investment profile. Featuring a new roof as of 2023 and new appliances in two of the units. 100% occupancy history for each 2-bed 1-bath unit. This property is just minutes from downtown Prescott, offering easy access to shops and dining. Don't miss this chance to secure a reliable income stream in a growing market!

Type:
Cluster
Sq.Ft.:
5,544
Status:
Active
Beds:
n/a
Year built:
1979
Baths:
MLS#:
1068261
Subdivision:
Gardenland Tract

ADDITIONAL INFORMATION

This impressive 6-unit complex features a collection of generously sized units, each spanning an expansive 924 SF. Designed to maximize comfort and functionality, every unit offers 2 bedrooms and 1 full bathroom. Each unit has capped fireplaces to add a cozy ambiance, as well as convenient laundry hookups. Additionally, residents will benefit from designated covered parking. The property has undergone recent updates, which include tasteful interior enhancements that elevate the living experience and fresh exterior paint that enhances curb appeal. These improvements not only enhance the functionality and aesthetics of the units but also help maintain the property's overall value. For investors, this multifamily property presents a remarkable opportunity to enter the growing Prescott, AZ!

Type:
Cluster
Sq.Ft.:
768
Status:
Active
Beds:
n/a
Year built:
1934
Baths:
MLS#:
1068260
Subdivision:
Prescott Original Township

ADDITIONAL INFORMATION

This appealing property presents an excellent opportunity for anyone looking to invest in the Prescott Downtown market at a fraction of the typical cost. It is zoned for both Business General and Multifamily use, allowing for conversion into office or retail space, or it can continue to function as a successful duplex. Currently, the property features two rental units: a studio and a one-bedroom apartment, which previously yielded a monthly rental income of $2,170, with tenants covering utility expenses. Both tenants are month to month. Additionally, there is the option to convert it back into a single-family residence.

Type:
Cluster
Sq.Ft.:
4,686
Status:
Active
Beds:
n/a
Year built:
1962
Baths:
MLS#:
1068257

ADDITIONAL INFORMATION

Situated amidst the vibrant shops and dining establishments along Highway 89 and in Downtown Prescott, this delightful rental property is ideally positioned just a few blocks from the Prescott Courthouse. Previously known as the Pine View Motel, the new ownership has undertaken significant renovations, transforming it into a profitable venture. Spanning a total of 4,686 square feet, this accommodation features 15 units, comprising 2 suites and 13 studio rooms. These rooms are available for rental periods of 6 or 12 months and currently have a waiting list, resulting in little to no vacancies at the property. Additional revenue is generated from the laundry facilities and late payment fees. The current NOI for this property stands at $138,889.73 representing a 8.42 CAP Rate.

Type:
Cluster
Sq.Ft.:
7,737
Status:
Active
Beds:
n/a
Year built:
1987
Baths:
MLS#:
1068243
Subdivision:
Dameron Tract

ADDITIONAL INFORMATION

Great investment opportunity! Includes 3 3-plexes. 6 units in two buildings on one parcel and 3 units on a separate, not adjacent parcel. he 114 Bradshaw Dr triplex features all-new flooring, full interior paint, and new ceiling fans in all bedrooms. All units are well maintained two bedrooms, two bath 884 sf and include private yards/patios and LVP flooring, all units have washer/dryer, refrigerator, range included. These are currently leased for $1475/mo/unit. The 2 triplexes located at 726 Bird/719 Division St are 2 bedrooms, 2 bath, 846 sf units with a patio or balcony, include a washer, dryer, refrig in each unit, fresh paint, and flooring. These are currently rented for $1350/mo/unit. Over $150k annual gross revenue potential, a ~7.5% gross cash on cash return.

Type:
Cluster
Sq.Ft.:
5,076
Status:
Active
Beds:
n/a
Year built:
1987
Baths:
MLS#:
1068223
Subdivision:
Dameron Tract

ADDITIONAL INFORMATION

Great investment opportunity! 6 units in two buildings on one parcel. These units are close to schools, shopping, downtown, and events! The 2 triplexes located at 726 Bird/719 Division St are 2 bedrooms, 2 baths, 846 sf units with a fenced patio or upstairs balcony, fresh paint, and flooring. These are currently rented for $1350/mo/unit. ~$97,200 gross annual revenue, ~7.4% gross cash on cash return.

Type:
Cluster
Sq.Ft.:
2,661
Status:
Active
Beds:
n/a
Year built:
1995
Baths:
MLS#:
1068222

ADDITIONAL INFORMATION

Step into the spotlight of downtown Prescott's real estate scene with this fully occupied triplex that's more than just property - it's a triple threat of financial brilliance! Each 2-bedroom, 2-bathroom unit boasts a monthly income of $1475 on year-long leases, turning this spot into a jackpot for savvy investors. Conveniently located near schools, shopping, downtown, and events, it's the go-to locale for tenants looking to live their best lives. Recent renovations have given this complex a stylish facelift, featuring new flooring, a fresh interior paint job, & ceiling fans in every bedroom. These 884 sq ft units aren't just homes; they're private havens with yards/patios and LVP flooring, perfect for tenants & owners both. Over $50k in gross annual revenue, ~7% gross cash on cash return

Type:
Cluster
Sq.Ft.:
5,889
Status:
Active
Beds:
n/a
Lot size:
1 Acres
Year built:
1963
Baths:
MLS#:
1068140

ADDITIONAL INFORMATION

Investment Opportunity: 20-Unit Apartment Complex in Prime LocationDiscover a rare value-add opportunity with this 20-unit apartment complex, ideally situated between Willow and Watson Lakes in the Dells. This property presents a unique chance for savvy investors to unlock its full potential and capitalize on a thriving rental market.Gross rent, NOI and GRM numbers are based on pro-forma. More details available for serious inquiries.

Type:
Cluster
Sq.Ft.:
7,736
Status:
Active
Beds:
n/a
Lot size:
1 Acres
Year built:
1958
Baths:
MLS#:
1067993
Subdivision:
East Prescott

ADDITIONAL INFORMATION

This is your chance to own a highly desirable multi-use property in the heart of Prescott, Arizona! Skyline is a mixed-use property featuring 14 rental units, a mix of 12 cozy studio and one-bedroom units and 2 commercial office spaces with long term tenants. This well-maintained property is an ideal investment for anyone seeking a stable income stream in a rapidly growing market.With a fully leased property, Skyline offers investors the opportunity for consistent rental income from both residential and commercial tenants. The strong demand for housing and office space in Prescott provides excellent long-term growth potential.

Type:
Cluster
Sq.Ft.:
2,960
Status:
Active
Beds:
n/a
Year built:
1981
Baths:
MLS#:
1067745
Subdivision:
Forest Hylands

ADDITIONAL INFORMATION

EXCELLENT Owner occupant opportunity! TWO 3 bedroom, 1.75 bath units, with split floorplans. Very close to downtown Prescott, in the pines! Single level, mirror units (up top, level entry), except unit A has additional living space/family room downstairs. Garage + additional storage space. (photos from prior listing). Unit A is currently short term rental, Unit B is leased to 11/6/2024.

Type:
Cluster
Sq.Ft.:
4,640
Status:
Active
Beds:
n/a
Lot size:
1 Acres
Year built:
1981
Baths:
8.00
MLS#:
1067424
Subdivision:
Dameron Park Add

ADDITIONAL INFORMATION

Located just minutes from Downtown Prescott, Arizona, this property has two fourplexes on Campbell Street, comprising a total of 8 units. These appealing and functional multi-family properties feature three 2-bedroom, 1-bath units, as well as one 1-bedroom, 1-bath unit for each four-led. All with ample parking to accommodate tenant needs. Currently fully leased and is estimated to gross $110,136.00 in rental income annually.

Type:
Cluster
Sq.Ft.:
2,820
Status:
Active
Beds:
n/a
Year built:
1981
Baths:
4.00
MLS#:
1067423
Subdivision:
Dameron Park Add

ADDITIONAL INFORMATION

Located just minutes from Downtown Prescott, Arizona, this fourplexes on Campbell Street, comprising a total of 4 units. These appealing and functional multi-family properties feature three 2-bedroom, 1-bath units, as well as one 1-bedroom, 1-bath unit, all with ample parking to accommodate tenant needs. Currently fully leased and is estimated to gross $55,700.00 in rental income annually.

Type:
Cluster
Sq.Ft.:
1,510
Status:
Active
Beds:
n/a
Year built:
1930
Baths:
MLS#:
1066224
Subdivision:
Home Acre Tract

ADDITIONAL INFORMATION

Are you looking for three income units in the heart of Prescott with the possibility of expanding? This very unique property has what you are looking for! The main house in front is a 2 bed/1 bath and is a popular Airbnb destination. Newer roof, electric, plumbing, and gutters. All furnishings other than some artwork are included in the sale, including grill and A/C units. The middle house has a loft bedroom and has a tenant with a lease ending in March 2025. The back house is a park model also with a loft, and the tenant is on a 6 month lease, but would love to commit to 2+ years if possible. There is a goat shed used for storage and an old capped well for which there is no information readily available.

Type:
Cluster
Sq.Ft.:
1,693
Status:
Active
Beds:
n/a
Year built:
1976
Baths:
2.00
MLS#:
1065690

ADDITIONAL INFORMATION

Charming Vintage Cottage located near Ken Lindley Park, on a tree lined, quiet cul-de-sac in the heart of Prescott. Main home has 2 bedrooms, 1.5 baths, large laundry/storage room, and a bonus room that could be a bedroom. The full bathroom, water heater, furnace and a/c were recently updated. The studio has 3/4 bath, kitchenette, updated flooring, appliances, and roof. Just blocks from the Prescott Courthouse Plaza. Walk to restaurants, entertainment venues. Yavapai College is nearby. RV or trailer parking is okay. This property is zoned for multi family and the oversized lot has space to add more units. Perfect for vacation rental, long term rental or live in the main home and continue to rent out the studio. Originally built in 1949, the county indicates 1976 as the effective age.

Type:
Cluster
Sq.Ft.:
1,496
Status:
Active
Beds:
n/a
Year built:
1957
Baths:
MLS#:
1065655

ADDITIONAL INFORMATION

Two houses on one lot with producing well, On quiet tree lined street south and adjoining to Shady Acres MHP and Marks Beergarden. Rents are 'pro forma' (ask for rent comps est. $1300/mo). One unit vacant on PAAR box. Existing tenant on month (need 48 hr notice to show). Both units in need of updating and remodelling, priced accordingly.

Type:
Multi-Family
Sq.Ft.:
n/a
Status:
Active
Beds:
n/a
Year built:
1967
Baths:
MLS#:
6713857

ADDITIONAL INFORMATION

Exceptional Investment Opportunity in Prescott! A unique 12-unit, 16 bedroom/14 bathroom complex boasting mountain views. This diverse property features a mix of studios, 1, 2, & 3-bedroom units, catering to a wide range of renters! Many of the apartments highlight elegant beamed ceilings, cozy rock fireplaces, & sliding glass doors to maximize the scenic views. The location offers both city & mountain panoramas, including Thumb Butte & Granite Mtn, & is conveniently situated near downtown Prescott for easy access to shopping and entertainment. Ample parking is available for tenants & guests alike. A communal coin-operated laundry room provides additional revenue. The property's MF-M zoning presents further development opportunities to allow an additional 30 units to be built.

Type:
Cluster
Sq.Ft.:
1,750
Status:
Active
Beds:
n/a
Year built:
1992
Baths:
MLS#:
1064557
Subdivision:
Prescott

ADDITIONAL INFORMATION

Location, Location, Location! Recently renovated 4-plex with detached 2 car garage located downtown Prescott. Just a few minute walk to all your favorite bars, restaurants and shopping on Whiskey Row! Units are vacant at this time so you have the option to use them as STR, Mid-term or long term rentals! This property was recently renovated with a new roof, landscaping, pavers, windows, flooring, countertops, cabinets, tile, showers, fixtures, vanities, baseboard and paint. Each unit has its own mini-split for cooling. This complex offers a laundry room with multiple washer/dryers for the tenants to use. You are going to love watching that cash flow come in every month, every investors dream. Buyer to verify all information for accuracy including units sqft.

Type:
Cluster
Sq.Ft.:
1,750
Status:
Active
Beds:
n/a
Year built:
1971
Baths:
2.00
MLS#:
1064451
Subdivision:
Holiday Hills

ADDITIONAL INFORMATION

This completely hidden house sits far above the city of Prescott skyline. It offersamazing views of the surrounding areas and plentiful mountains and lakes. The property has a functional sitting area or patio at the top level with 360 views of the city lights of Precott.

Type:
Cluster
Sq.Ft.:
1,296
Status:
Active
Beds:
n/a
Year built:
1930
Baths:
MLS#:
1062051
Subdivision:
East Prescott

ADDITIONAL INFORMATION

Don't miss out on this exceptional opportunity to own a distinctive property featuring two separate homes nestled in the historic heart of Prescott. The first home, located at 414 Carleton, offers 735 sq ft of living space, including two inviting living rooms, a well-appointed kitchen, a cozy dining area, a bathroom, and a comfortable bedroom. Enjoy the privacy of your own backyard sanctuary.The second home, situated at 416 Carleton, boasts 561 sq ft flooded with ample natural light. Recently updated flooring adds a touch of modern elegance to this charming space. Step outside to discover another private backyard retreat awaiting your enjoyment.Experience the allure of Prescott's rich history while embracing the unique lifestyle this property has to offer.

Type:
Cluster
Sq.Ft.:
2,360
Status:
Active
Beds:
n/a
Year built:
1914
Baths:
MLS#:
1061944

ADDITIONAL INFORMATION

Nice triplex near downtown Prescott, three 2 bedroom units, close to shopping, restaurants and only 1/2 mile to the courthouse square. Rents are below market and have room for improvement. Units are continuously rented and have good upside potential. Off street parking at the rear of the building.

Type:
Multi-Family
Sq.Ft.:
n/a
Status:
Active
Beds:
n/a
Year built:
1924
Baths:
MLS#:
6643504

ADDITIONAL INFORMATION

1924 Historic Registered absolutely charming Victorian Home remodeled kitchens, baths, flooring, tastefully furnished ready to rent.. BR zoning allows residential, commercial or officel uses. 0.6+- miless to Courthouse Plaza, Downtown Prescott & Wiskey Row. Mount Vernon St. is highly sought after. Unit Mix: 1 - 2 bedroom 3/4 bath & kitchen with balcony, 2 - 1 bed ¾ baths kitchen. King and queen beds, big screen TVs, all furnished kitchens with stainless appliances and washer/dryer in each unit. All separate entrances, separately metered with newer electrical panels, separate HVAC Units, High 12-15' Ceilings.Owners Will Carry 5 years with 20% down 6.5%. In demand 12 paved parking in the rear are part of the subject property. Room to add building(s) in back. Survey available.

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Andrea Conner, License #BR685747000, Xome Inc., License #LC658141000 [email protected], 844-400-9663, 750 State Highway 121 Bypass, Suite 100, Lewisville, TX 75067


Information deemed reliable but not guaranteed. Copyright 2024 Arizona Regional Multiple Listing Service, Inc. All rights reserved. The ARMLS logo indicates a property listed by a real estate brokerage other than this broker. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS.
Andrea Conner, License #BR685747000, Xome Inc., License #LC658141000 [email protected], 844-400-9663, 750 State Highway 121 Bypass, Suite 100, Lewisville, TX 75067


Listings courtesy of Prescott Area Association of REALTORS®.as distributed by MLS GRID. Based on information submitted to the MLS GRID as of {{last updated}}. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS. Data is deemed reliable but is not guaranteed accurate by the Prescott Area Association of REALTORS®.



Prescott Real Estate

The median home value in Prescott, AZ is $590,000. This is higher than the county median home value of $490,300. The national median home value is $338,100. The average price of homes sold in Prescott, AZ is $590,000. Approximately 60.81% of Prescott homes are owned, compared to 26.66% rented, while 12.53% are vacant. Prescott real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Prescott real estate agent to arrange a tour today!

Prescott, Arizona has a population of 45,063. Prescott is less family-centric than the surrounding county with 13.49% of the households containing married families with children. The county average for households married with children is 18.93%.

The median household income in Prescott, Arizona is $61,090. The median household income for the surrounding county is $56,170 compared to the national median of $69,021. The median age of people living in Prescott is 60.5 years.

Prescott Weather

The average high temperature in July is 89.3 degrees, with an average low temperature in January of 25 degrees. The average rainfall is approximately 15.9 inches per year, with 12.5 inches of snow per year.

Prescott Real Estate Market Conditions

  • Median sales price

    $590,000
    19.5% change since last quarter
  • # Active listings

    1,304
    30-day change

Prescott Schools and Demographics

Education near Prescott, AZ

Metric City County
High School Graduates 95.19 91.55
College Degree - 2 year 10.09 9.38
College Degree - 4 year 38.41 27.77
Graduate Degree 11.95 8.09
Expenditures per Student 9,873 9,873
Students per Teacher 18.5 18.5

Elementary Schools near Prescott, AZ

School Grades Students P/T Ratio ZIP
ABIA Judd Elementary School KG - 05 490 17.5 86305
Acorn Montessori Charter School 02 - 08 284 86314
Acorn Montessori Charter School - West KG - 01 126 86314
Bright Futures Preschool PK - PK 74 24.7 86314
Cougar Lane Preschool PK - PK 21 14 86323
Coyote Springs Elementary School KG - 06 537 19.5 86314
Del Rio Elementary School PK - 05 689 19.7 86323
Franklin Phonetic Primary School KG - 08 474 86314
Granville Elementary School KG - 06 623 24 86314
Humboldt Elementary School KG - 06 391 19.1 86327
La Tierra Community School KG - 08 101 86314
Lake Valley Elementary School KG - 06 468 18 86314
Liberty Traditional School PK - 08 769 22.6 86314
Lincoln Elementary School KG - 05 293 15.3 86303
Miller Valley School KG - 08 274 14.1 86305
Mingus Springs Charter School KG - 08 175 86323
Mountain Oak Charter School KG - 08 131 86301
Mountain View Elementary School KG - 06 588 18.4 86314
Skyview School KG - 08 200 86303
Taylor Hicks School KG - 05 472 17.7 86301
Territorial Elementary School KG - KG 164 19.3 86323
Washington Traditional School KG - 08 259 14.4 86301
Willow Creek Charter School KG - 08 108 86301

Middle Schools near Prescott, AZ

School Grades Students P/T Ratio ZIP
Bradshaw Mountain High School East 09 - 12 0 86314
Bradshaw Mountain Middle School 07 - 08 296 18.2 86327
Glassford Hill Middle School 07 - 08 442 20.7 86314
Granite Mountain Middle School 06 - 08 559 20.3 86305
Heritage Middle School 05 - 08 708 21.3 86323
Park View Middle School 06 - 08 103 86314
Prescott Mile High Middle School 06 - 08 502 16.9 86303

High Schools near Prescott, AZ

School Grades Students P/T Ratio ZIP
Arizona Agribusiness & Equine Center Prescott Vall 09 - 12 193 86314
Aspire Junior/Senior High School 07 - 12 58 13.8 86305
Bradshaw Mountain High School 09 - 12 1,619 23.5 86314
Canyon View Prep. Academy 09 - 12 125 86314
Chino Valley High School 09 - 12 730 23.2 86323
NorthPoint Expeditionary Learning Academy 09 - 12 168 86301
Pace Preparatory Academy 09 - 12 78 86314
Prescott High School 08 - 12 1,579 23.5 86301
Prescott Preparatory Academy 09 - 12 39 86301
Tri-City College Prep High School 09 - 12 216 86301
Yavapai County High School 09 - 12 35 13.4 86314

Ungraded Schools near Prescott, AZ

School Grades Students P/T Ratio ZIP
Basis Prescott 05 - 12 370 86301
Prescott Valley School KG - 12 286 86314

Demographics near Prescott, AZ

Metric City County
Neighborhood Type Suburban
Population 45,063 233,789
Population Density 1,003 29
Median Age 60.5 54.2
People per Household 2 2.2
Median Household Income 61,090 56,170
Average Income per Capita 41,225 33,588