105 S Alarcon Street, Prescott, AZ 86303

$2,195,000

Property Type: Multi-Family Square Footage: 7,274 Lot Size (sq. ft.): 8,276 Status: Active

Current Price: $2,195,000 List Date: 2/12/2026 Last Modified: 3/24/2026

Overview

Description

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 momentu ... (Read more)

Listing Details MLS# 1079524

ContractAddressLegal

Original List Price: 2335000
Listing Price: 2195000
Street #: 105
Direction: S
Street Name: Alarcon
St Suffix: Street
City/Township: Prescott
State: AZ
Zip Code: 86303
County: Yavapai
Tax Parcel: 109-01-052

General Property Description

Lot #: A
Bedrooms Possible: 10
Aprx Acres: 0.19
Total Liveable SqFt: 7274
Source of Measuremnt: County Assessor
Buildings: Yes
Stories: 4
Year Built: 1895
Management: Mgmt Company
Gross Vol/Yr $: 235452
NOI $: 155362
Vac Rate %: 10
Cap %: 7
CAM $: 80090
HOA Y/N: No
Solar Y/N: No
Baths - Full: 10
More than 5 Units: Yes

Tax Info

Taxes: 2947
Tax Year: 2023

Unit 1

Unit ID: THE LILY
# BR: Yes
# BA: Yes
SqFt: 675
Furniture: Yes

Unit 2

Unit ID: THE GRAND SUITE
# BR: Yes
# BA: Yes
SqFt: 750
Furniture: Yes

Unit 3

Unit ID: 1B SPEAKEASY
# BA: Yes
SqFt: 380
Furniture: Yes

More Information

Unit 4

Unit ID: 2B MURPHY SUITE
# BR: 2
# BA: Yes
SqFt: 850
Furnished: Yes

Unit 5

Unit ID: 3 TRANQUILITY SUITE
# BR: Yes
# BA: Yes
SqFt: 550
Furnished: Yes

Contract/Address/Legal

List Price/SqFt: 302
Rent/Lease: No
Neighborhood: N/A
REO/Short Sale: Not Applicable
Zoning: BG
Assessor's Book #: 109
Assessor's Map #: Yes
Assessor's Parcel #: 52
Legal: LOT A BLOCK 17 PRESCOTT BOOK 4 PAGE 22

Remarks & Misc

Directions: 2 Blocks East of the Square. Gurley to Alarcon, south on Alarcon to first property on left.
Remarks: 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.

Building Type

5+ Units: Yes

Construction

Frame - Wood: Yes

Cooling

Ceiling Fan(s): Yes
Room Refrigeration: Yes

External Amenities

Landscaped: Yes
Laundry Facilities: Yes
Patio/Deck/Balcony: Yes
Sprinkler/Drip: Yes

Flooring

Wood: Yes

Heating

Radiant: Yes
See Remarks: Yes

Owner Pays

All: Yes

Records Available

Other - See Remarks: Yes

Road Frontage Type

City Street: Yes

Road Surface Type

Paved: Yes

Road Responsibility

City Maintained Road: Yes

Roof

Other - See Remarks: Yes

Terms & Conditions

1031 Exchange: Yes
Sold Furnished: Yes

Utilities Installed

220: Yes
Electricity: Yes
Natural Gas: Yes
Water - City: Yes
WWT - City Sewer: Yes

Water Heater

Central Boiler: Yes
Natural Gas: Yes
Other - See Remarks: Yes

Unit 1 Parking

Off Street: Yes

Unit 1 Info

Ceiling Fan(s): Yes
Fire/Smoke Detectors: Yes
Microwave: Yes
Refrigerator: Yes
Security System: Yes

Unit 2 Parking

1 Car: Yes
Off Street: Yes

Unit 2 Info

Ceiling Fan(s): Yes
Den/Family Room: Yes
Fire/Smoke Detectors: Yes
Fireplace: Yes
Microwave: Yes
Range/Oven: Yes
Refrigerator: Yes
Security System: Yes

Unit 3 Parking

1 Car: Yes
Off Street: Yes

Unit 3 Info

Ceiling Fan(s): Yes
Fire/Smoke Detectors: Yes
Microwave: Yes
Porch/Patio: Yes
Range/Oven: Yes
Refrigerator: Yes
Security System: Yes

Unit 4 Parking

1 Car: Yes
Off Street: Yes

Unit 4 Info

Ceiling Fan(s): Yes
Den/Family Room: Yes
Fire/Smoke Detectors: Yes
Microwave: Yes
Porch/Patio: Yes
Range/Oven: Yes
Refrigerator: Yes
Security System: Yes

Unit 5 Parking

1 Car: Yes
Off Street: Yes

Unit 5 Info

Ceiling Fan(s): Yes
Microwave: Yes
Range/Oven: Yes
Refrigerator: Yes
Security System: Yes

Property Features

Building Type: 5+ Units Construction: Frame - Wood Cooling: Ceiling Fan(s); Room Refrigeration External Amenities: Landscaped; Laundry Facilities; Patio/Deck/Balcony; Sprinkler/Drip Flooring: Wood Heating: Radiant; See Remarks Owner Pays: All Records Available: Other - See Remarks Road Frontage Type: City Street Road Surface Type: Paved Road Responsibility: City Maintained Road Roof: Other - See Remarks Utilities Installed: 220; Electricity; Natural Gas; Water - City; WWT - City Sewer Water Heater: Central Boiler; Natural Gas; Other - See Remarks Unit 1: Furniture Unit 1 Parking: Off Street Unit 1 Info: Ceiling Fan(s); Fire/Smoke Detectors; Microwave; Refrigerator; Security System Unit 2: Furniture Unit 2 Parking: 1 Car; Off Street Unit 2 Info: Ceiling Fan(s); Den/Family Room; Fire/Smoke Detectors; Fireplace; Microwave; Range/Oven; Refrigerator; Security System Unit 3: Furniture Unit 3 Parking: 1 Car; Off Street Unit 3 Info: Ceiling Fan(s); Fire/Smoke Detectors; Microwave; Porch/Patio; Range/Oven; Refrigerator; Security System Unit 4: Furnished Unit 4 Parking: 1 Car; Off Street Unit 4 Info: Ceiling Fan(s); Den/Family Room; Fire/Smoke Detectors; Microwave; Porch/Patio; Range/Oven; Refrigerator; Security System Unit 5: Furnished Unit 5 Parking: 1 Car; Off Street Unit 5 Info: Ceiling Fan(s); Microwave; Range/Oven; Refrigerator; Security System

Listing Office: Arizona Commercial

Last Updated: March - 24 - 2026

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