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 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.
Courtesy: Keller Williams Arizona Realty
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.
Courtesy: Realty Executives Arizona Territory
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.
Courtesy: West USA Realty of Prescott
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.
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. 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.
Courtesy: Prescott Home Realty
928-273-7113
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.
Courtesy: Far West Realty
928-772-9400
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!
Courtesy: Realty ONE Group Mountain Desert
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!
Courtesy: Realty ONE Group Mountain Desert
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.
Courtesy: Rent Right and Home Right
928-771-0308
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.
Courtesy: Arizona Commercial
Exceptional 5-unit multifamily investment opportunity in Prescott, offering strong in-place income and full occupancy. The unit mix consists of two 2-bedroom/1-bath units, two 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.
Courtesy: Commercial Advisors of Prescott
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).
Courtesy: Keller Williams Arizona Realty
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.
Courtesy: Arizona Commercial
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.
Courtesy: Bella Terra Realty LLC
928-777-0300
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, new 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.
Courtesy: Bella Terra Realty LLC
928-777-0300
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.
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.
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.
