121 N Willow Street, Prescott, AZ 86305
$745,000
Property Type:
Multi-Family
Square Footage:
3,600
Lot Size (sq. ft.):
12,197
Status:
Closed
Current Price:
$745,000
List Date:
1/15/2026
Last Modified:
2/26/2026
Overview
Description
Listing Details MLS# 1078795
ContractAddressLegal
- Original List Price
- 875000
- Listing Price
- 875000
- Street #
- 121
- Direction
- N
- Street Name
- Willow
- St Suffix
- Street
- City/Township
- Prescott
- State
- AZ
- Zip Code
- 86305
- County
- Yavapai
- Tax Parcel
- 113-11-081
General Property Description
- Lot #
- 4 & 5
- Aprx Acres
- 0.28
- Total Liveable SqFt
- 3600
- Source of Measuremnt
- County Assessor
- Stories
- 2
- Year Built
- 1914
- Management
- Owner
- NOI $
- 58800
- Cap %
- 6.8
- Solar Y/N
- No
- Baths - Full
- 4
- More than 5 Units
- No
Tax Info
- Taxes
- 1323
- Tax Year
- 2025
Status Change Info
- Under Contract Date
- 2026-02-06
- Sold Date
- 2026-02-26
- Sold Price/SqFt
- 207
- Financing
- Cash
Unit 1
- Unit ID
- Yes
- # BR
- 2
- # BA
- Yes
- SqFt
- 900
- Tenant Utilities
- electricity
- Rent $
- 1100
Unit 2
- Unit ID
- 2
- # BR
- 2
- # BA
- Yes
- SqFt
- 900
- Tenant Utilities
- electricity
- Rent $
- 1200
More Information
Unit 3
- Unit ID
- 3
- # BR
- 2
- # BA
- Yes
- SqFt
- 900
- Tenant Utilities
- electricity
- Rent $
- 1400
Unit 4
- Unit ID
- 4
- # BR
- 3
- # BA
- 1.5
- SqFt
- 900
- Tenant Utilities
- electricity
- Rent $
- 1200
Contract/Address/Legal
- List Price/SqFt
- 243
- Rent/Lease
- Yes
- Neighborhood
- N/A
- REO/Short Sale
- Not Applicable
- Zoning
- MF-H
- Assessor's Book #
- 113
- Assessor's Map #
- 11
- Assessor's Parcel #
- 81
- Legal
- MURPHYS 1ST SUB LOTS 4 AND 5 LESS THE EAST 30 FT THEREOF
Remarks & Misc
- Directions
- West on Gurley, Right on Garden, Left on Western. Left on Willow, Willow to Gurley is one way only and you cannot turn down Willow, you MUST go around the block. Can access from Norris or Ash also.
- Remarks
- 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.
Building Type
- Fourplex
- Yes
Construction
- Frame - Wood
- Yes
Cooling
- Ceiling Fan(s)
- Yes
- Room Refrigeration
- Yes
External Amenities
- Fence
- Yes
- Patio/Deck/Balcony
- Yes
Flooring
- Wood
- Yes
- Other
- Yes
Heating
- Natural Gas
- Yes
- Wall Unit
- Yes
Owner Pays
- Gas/Propane
- Yes
- Sewer
- Yes
- Trash
- Yes
- Water
- Yes
Possession
- At Recordation
- Yes
Records Available
- None
- Yes
Road Frontage Type
- City Street
- Yes
Road Surface Type
- Paved
- Yes
Road Responsibility
- City Maintained Road
- Yes
Roof
- Asphalt Shingle
- Yes
Terms & Conditions
- 1031 Exchange
- Yes
- Conventional
- Yes
- Other - See Remarks
- Yes
Utilities Installed
- Electricity
- Yes
- Individual Meter
- Yes
- Natural Gas
- Yes
- Water - City
- Yes
- WWT - City Sewer
- Yes
Water Heater
- Natural Gas
- Yes
Unit 1 Parking
- Off Street
- Yes
Unit 1 Info
- Ceiling Fan(s)
- Yes
- Fire/Smoke Detectors
- Yes
- Porch/Patio
- Yes
- Range/Oven
- Yes
- Refrigerator
- Yes
Unit 2 Parking
- Off Street
- Yes
Unit 2 Info
- Ceiling Fan(s)
- Yes
- Fire/Smoke Detectors
- Yes
- Porch/Patio
- Yes
- Range/Oven
- Yes
- Refrigerator
- Yes
Unit 3 Parking
- Off Street
- Yes
Unit 3 Info
- Ceiling Fan(s)
- Yes
- Fire/Smoke Detectors
- Yes
- Porch/Patio
- Yes
- Range/Oven
- Yes
- Refrigerator
- Yes
Unit 4 Parking
- Off Street
- Yes
Unit 4 Info
- Ceiling Fan(s)
- Yes
- Porch/Patio
- Yes
- Range/Oven
- Yes
- Refrigerator
- Yes
Property Features
Building Type:
Fourplex
Construction:
Frame - Wood
Cooling:
Ceiling Fan(s); Room Refrigeration
External Amenities:
Fence; Patio/Deck/Balcony
Flooring:
Wood; Other
Heating:
Natural Gas; Wall Unit
Owner Pays:
Gas/Propane; Trash; Water
Possession:
At Recordation
Records Available:
None
Road Frontage Type:
City Street
Road Surface Type:
Paved
Road Responsibility:
City Maintained Road
Roof:
Asphalt Shingle
Utilities Installed:
Electricity; Individual Meter; Natural Gas; Water - City; WWT - City Sewer
Water Heater:
Natural Gas
Unit 1 Parking:
Off Street
Unit 1 Info:
Ceiling Fan(s); Fire/Smoke Detectors; Porch/Patio; Range/Oven; Refrigerator
Unit 2 Parking:
Off Street
Unit 2 Info:
Ceiling Fan(s); Fire/Smoke Detectors; Porch/Patio; Range/Oven; Refrigerator
Unit 3 Parking:
Off Street
Unit 3 Info:
Ceiling Fan(s); Fire/Smoke Detectors; Porch/Patio; Range/Oven; Refrigerator
Unit 4 Parking:
Off Street
Unit 4 Info:
Ceiling Fan(s); Porch/Patio; Range/Oven; Refrigerator
Listing Office:
eXp Realty
Last Updated: February - 26 - 2026
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