131 S Summit Avenue, Prescott, AZ 86303
$774,000
Property Type:
Multi-Family
Square Footage:
3,378
Lot Size (sq. ft.):
9,583
Status:
Active
Current Price:
$774,000
List Date:
10/01/2025
Last Modified:
10/01/2025
Description
Prime Investment Opportunity in Prescott, AZ - 7-Bedroom Rental Property with Tremendous Upside
Located in the heart of Prescott, this spacious 7-bedroom property presents a rare and exciting investment opportunity. Whether you're expanding your portfolio or diving into your first income property, this versatile home offers strong rental potential and room for growth.
Situated in a highly desirable area known for its charm, community feel, and proximity to downtown, this property is ideal for long-term tenants, vacation rentals, or even a hybrid use. With multiple bedrooms and flexible living spaces, it easily accommodates large groups or multiple tenants, maximizing income potential.
Supplements: The property boasts solid bones and is ready for your visionthere's significant upside for value-add improvements, whether through cosmetic upgrades or reconfiguration for enhanced functionality and appeal. Don't miss your chance to own a high-potential rental in one of Arizona's most sought-after mountain towns. Schedule a showing today and discover what makes this Prescott gem a smart addition to any investment portfolio.
More Information MLS# 1073549
Contract/Address/Legal
List Price/SqFt: 229
Rent/Lease: Yes
Neighborhood: N/A
REO/Short Sale: Not Applicable
Zoning: DTB
Assessor's Book #: 109
Assessor's Map #: 5
Assessor's Parcel #: 90
Legal: FLEURY ADD E PT 57.1X151 .8X76.3' LOT 6 BLK 20 201/421 717/124
General Property Description
Aprx Acres: 0.22
Lot #: -
Lot Size: 9,583
Bedrooms Possible: 7
Buildings: 3
Source of Measuremnt: County Assessor
Stories: 1
Management: Owner
Total Liveable SqFt: 3378
Year Built: 1942
Baths - Full: 3
Tax Info
Taxes: 1702
Tax Year: 2024
Remarks & Misc
Directions: W. Gurley left on S. Summit Ave.
Remarks: Prime Investment Opportunity in Prescott, AZ - 7-Bedroom Rental Property with Tremendous Upside
Located in the heart of Prescott, this spacious 7-bedroom property presents a rare and exciting investment opportunity. Whether you're expanding your portfolio or diving into your first income property, this versatile home offers strong rental potential and room for growth.
Situated in a highly desirable area known for its charm, community feel, and proximity to downtown, this property is ideal for long-term tenants, vacation rentals, or even a hybrid use. With multiple bedrooms and flexible living spaces, it easily accommodates large groups or multiple tenants, maximizing income potential.
Office/Member Info
Listing Exclusions: No
Building Type
Other - See Remarks: 1
Construction
Frame - Wood: 1
Stucco: 1
Cooling
Ceiling Fan(s): 1
Evaporative Cooling: 1
External Amenities
Fence: 1
Patio/Deck/Balcony: 1
Separate Storage: 1
Flooring
Carpet: 1
Tile: 1
Wood: 1
Heating
Forced - Gas: 1
Wall Unit: 1
Owner Pays
All: 1
Records Available
None: 1
Road Frontage Type
City Street: 1
Road Surface Type
Asphalt: 1
Road Responsibility
City Maintained Road: 1
Roof
Asphalt Shingle: 1
Showing Requirements
Vacant Go Show: 1
Terms & Conditions
1031 Exchange: 1
Conventional: 1
FHA: 1
VA: 1
Utilities Installed
Cable TV: 1
Electricity: 1
Natural Gas: 1
Water - City: 1
WWT - City Sewer: 1
Water Heater
Natural Gas: 1
Unit 1
Unit ID: 131
# BR: 4
# BA: 3
SqFt: 2324
Unit 1 Parking
Off Street: 1
Unit 1 Info
Ceiling Fan(s): 1
Dishwasher: 1
Laundry Room: 1
Microwave: 1
Porch/Patio: 1
Range/Oven: 1
Refrigerator: 1
W/D Connection: 1
Unit 2
Unit ID: 135
# BR: 2
# BA: 1
SqFt: 826
Tenant Utilities: cable/internet
Rent $: 1600
Unit 2 Parking
Off Street: 1
Unit 2 Info
Ceiling Fan(s): 1
Dishwasher: 1
Microwave: 1
Porch/Patio: 1
Range/Oven: 1
Refrigerator: 1
Storage Room: 1
Unit 3
Unit ID: 137
# BR: 1
# BA: 1
SqFt: 228
Tenant Utilities: cable/internet
Rent $: 975
Unit 3 Parking
Off Street: 1
Unit 3 Info
Ceiling Fan(s): 1
Microwave: 1
Porch/Patio: 1
Refrigerator: 1
Unit 4
Tenant Utilities: cable/internet
Rent $: 1100
ContractAddressLegal
Original List Price: 8250000
Listing Date: 2025-05-23
Status: Active
Listing Price: 774000
Street #: 131
Direction: S
Street Name: Summit
St Suffix: Avenue
City/Township: Prescott
State: AZ
Zip Code: 86303
Subdivision: None
County: Yavapai
Tax Parcel: 109-05-090
Property Features
Building Type: Other - See Remarks
Construction: Frame - Wood; Stucco
Cooling: Ceiling Fan(s); Evaporative Cooling
External Amenities: Fence; Patio/Deck/Balcony; Separate Storage
Flooring: Carpet; Tile; Wood
Heating: Forced - Gas; Wall Unit
Owner Pays: All
Records Available: None
Road Frontage Type: City Street
Road Surface Type: Asphalt
Road Responsibility: City Maintained Road
Roof: Asphalt Shingle
Showing Requirements: Vacant Go Show
Utilities Installed: Cable TV; Electricity; Natural Gas; Water - City; WWT - City Sewer
Water Heater: Natural Gas
Unit 1 Parking: Off Street
Unit 1 Info: Ceiling Fan(s); Dishwasher; Laundry Room; Microwave; Porch/Patio; Range/Oven; Refrigerator; W/D Connection
Unit 2 Parking: Off Street
Unit 2 Info: Ceiling Fan(s); Dishwasher; Microwave; Porch/Patio; Range/Oven; Refrigerator; Storage Room
Unit 3 Parking: Off Street
Unit 3 Info: Ceiling Fan(s); Microwave; Porch/Patio; Refrigerator
Listing Office:
Above The Best Realty LLC
Last Updated: October - 01 - 2025
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