Courtesy: eXp Realty
Here's your opportunity to own a piece of Prescott history! This charming 4-plex features lovely original details, wood floors, and the classic Prescott character buyers love. Ideally located close to downtown, this property offers excellent flexibility for investors--continue operating as long-term rentals, explore short-term rental potential (buyer to verify), or create a unique multi-generational living setup.The property is currently owner-managed and operating at an approximate 6.7% cap rate. Tenants are month-to-month and would like to remain, providing immediate income. With its prime location and multiple use options, this is a rare investment opportunity with strong upside.
Courtesy: Realty ONE Group Mountain Desert
Rare downtown Prescott multi-unit opportunity on one parcel. This Multi-Family High-Density (MF-H) zoned property features three residential units across two buildings totaling approximately 4,283 sq ft, offering strong income potential and flexible use for investors or owner-occupants.The primary residence at 502 Western is a unique 2,808 sq ft concrete home featuring ADA accessibility, elevator access, and a 2-car garage. The main level includes a bedroom with fireplace, family room, laundry, storage, bath, large safe, and elevator access. The upper level offers two bedrooms, two baths, and a spacious open living area with fireplace and kitchen, plus third-floor storage. Flooring, paint, and appliances were updated in 2020.The Summit Avenue structure totals approximately 1,475 sq ft and includes two additional residential units, updated in 2015. One unit offers two bedrooms, one 3/4 bath, living area, laundry, and private patio. The second unit is a studio apartment with kitchenette, 3/4 bath, and laundry.Property was previously licensed for short-term rental and later licensed for residential occupancy. Buyer to verify current zoning, permitting, and allowable use. Multiple structures are located on one parcel.
Courtesy: Better Homes And Gardens Real Estate Bloomtree Realty
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 a triple 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.
Courtesy: eXp Realty
Courtesy: My Home Group
Great investment opportunity in Prescott! A recently renovated side by side duplex, close to all the best dining and shopping Whiskey Row has to offer. One studio unit and one 1 bedroom/1 bathroom unit. Private patios for each with mature vegetation. Shared laundry in the back. Plenty of parking for both unites on each side of units. Potential for turning into a single family home or live on one side and rent out the other! So many options for this great property.
Courtesy: Delex Realty, LLC
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 highlightsHistoric 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 detailsAddress: 320 S. Cortez St., Prescott, AZ 86303Total units: 17Year built: 1919Total interior livable area: ~10,000 sq ftLot size: 0.34 acresFeatures: 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.
Courtesy: Rent Right and Home Right
928-771-0308
Discover a rare multi-family opportunity in the heart of Prescott, Arizona. Set on 2.38 acres surrounded by tall pines, natural boulders, and scenic views, this exceptional property features two residences totaling 5,864 square feet of living space. The setting offers a blend of beauty, privacy, and flexibility, ideal for multi-generational living, short-term rentals, or a mix of personal and investment use.The main residence at 1601 Buttermilk includes four bedrooms, three full baths, and approximately 4,872 square feet across three levels connected by a working elevator. The open main floor features multiple living areas, a wood-burning fireplace, and a spacious kitchen with granite counters, island seating, and large windows overlooking the hillside. The primary suite offers deck access, a soaking tub, a walk-in shower, and generous storage. The lower level serves as a private guest or in-law suite with its own kitchen, laundry, and exterior access, creating an ideal space for extended family or rental income.Distinctive features include a safe room, workshop, and several covered patios perfect for enjoying morning coffee or evening sunsets through the pines. The second home at 1565 Idylwild is framed and wired, ready to finish as a guest cottage, rental unit, or private studio retreat. Both homes are connected to city utilities and offer ample parking, all with no HOA restrictions.Located just minutes from downtown Prescott, this property combines convenience with tranquility. Zoned SF9, it provides development flexibility while maintaining a natural, secluded setting. The unique combination of location, space, and potential makes this one of Prescott's most versatile investment properties.Proudly presented by Rent Right Home Right Real Estate, this property offers the perfect balance of comfort, privacy, and opportunity. Schedule your private showing today to explore this distinctive mountain retreat and investment in the heart of Prescott.
Courtesy: Realty ONE Group Mountain Desert
Location, location, location! This is a charming duplex in downtown Prescott super close to the Courthouse Plaza and Whiskey Row, along with the historic district and all the shops and restaurants downtown. Built in 1951, each unit is 574 square feet and contains one bedroom and one full bath. New paint, new flooring and new kitchen range in #116.
Courtesy: Delex Realty, LLC
Rare Downtown Prescott Apartment Opportunity - Fully Remodeled 8-Unit BuildingNow available--an exceptionally rare find in the heart of downtown Prescott! This eight-unit residential apartment building offers a prime location just three blocks from the historic Courthouse Square, restaurants, shops, and all the charm of downtown living.Every apartment has been thoughtfully remodeled with updated flooring, modern kitchenette spaces, and upgraded windows to bring in abundant natural light. The property also includes a fully remodeled basement apartment for added versatility. Residents enjoy the convenience of an on-site coin-operated laundry facility with brand-new machines (two washers and two dryers).With its combination of modern updates and unbeatable location, this property is ideal for investors or those looking to own a piece of Prescott's limited downtown residential market. Title is being held open see private remarks.
Courtesy: eXp Realty
Move-In Ready manufactured home close to downtown! This home features 4 bedrooms, 2 baths, carpet and vinyl flooring throughout. Large Living room with wood burning stove. Kitchen has stainless-steel range. Spacious master suite with ensuite private bathroom. Covered patio has a separate storage room.
Courtesy: Keller Williams Arizona Realty
Charming 4-Plex in the Heart of Downtown Prescott! This beautifully maintained multi-unit property offers unbeatable location and convenience--just a short walk to the historic Courthouse Square, famous Whiskey Row, and an array of local restaurants, shops, and events. Whether you're an investor or looking for a live-in opportunity with income potential, this 4-plex delivers charm, character, and proximity to everything Prescott has to offer. Each unit has it's own Electric meter. Separate Laundry room and storage building for all tenants use.
Courtesy: Better Homes And Gardens Real Estate Bloomtree Realty
Multi Unit income property in the heart of Prescott! The Landings stands as a beacon of investment opportunity. 15 units are 2bd/2bth and 1 unit is a 1bd/1bth. Electric on seperate meters for each untit. The consistently high occupancy rates underscore the desirability of this investment gem! All units are live on one level, have updated paint, flooring and full kitchens and have been wellupdated and cared for. Shared coin laundry room for additional income potential annually. Plenty are parking for tenants and guests. Seperate storage closets at end of building too! Don't miss out on the chance to own one of the few apartment opportunities in this perfect location!
Courtesy: Realty ONE Group Mountain Desert
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. Located in a desirable, established neighborhood bordering the Hassayampa golf course, 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
Prescott is located in Arizona. 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.
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.
