215 E Willis Street, Prescott, AZ 86301

$1,350,000

Property Type: Multi-Family Square Footage: 5,687 Lot Size (sq. ft.): 4,792 Status: Pending

Current Price: $1,350,000 List Date: 2/02/2026 Last Modified: 2/18/2026

Overview

Description

An outstanding opportunity for a vacation rental business or long-term leases is now available for sale in Downtown Prescott, within walking distance of Courthouse Square. This building currently operates with 5 long-term lease units and 3 vacation units (hosted on Airbnb), with no limitations for a new buyer to convert all units to vacation rentals or long-term rentals, dependent on Buyer's management preference. A major renovation in 2020 included: all-new electrical, upgraded HVAC systems, new central hot water, and a full interior upgrade. Vacation units are fully furnished, functional, and turnkey-ready to continue operating. Each unit is individually metered. On-site coin-operated laundry facilities add convenience for guests and tenants.

Listing Details MLS# 1076023

ContractAddressLegal

Original List Price: 1350000
Listing Price: 1350000
Street #: 215
Direction: E
Street Name: Willis
St Suffix: Street
City/Township: Prescott
State: AZ
Zip Code: 86301
Subdivision: None
County: Yavapai
Tax Parcel: 113-16-066

General Property Description

Lot #: Yes
Aprx Acres: 0.11
Total Liveable SqFt: 5687
Source of Measuremnt: County Assessor
Buildings: Yes
Stories: 2
Year Built: 1905
Management: Mgmt Company
Gross Vol/Yr $: 121440
NOI $: 95311
Cap %: 6.8
Baths - Full: 8
More than 5 Units: Yes

Tax Info

Taxes: 1596
Tax Year: 2024

Status Change Info

Under Contract Date: 2026-02-18

Unit 1

Unit ID: 1A
# BR: Yes
# BA: Yes
SqFt: 672
Tenant Utilities: All
Furniture: Yes

Unit 2

Unit ID: 1B
# BR: Yes
# BA: Yes
SqFt: 611
Tenant Utilities: All

More Information

Unit 3

Unit ID: 1C
# BR: Yes
# BA: Yes
SqFt: 420
Tenant Utilities: All

Unit 4

Unit ID: 1D
# BR: Yes
# BA: Yes
SqFt: 495
Tenant Utilities: All

Unit 5

Unit ID: 2A
# BR: Yes
# BA: Yes
SqFt: 569
Tenant Utilities: All

Contract/Address/Legal

List Price/SqFt: 237
Rent/Lease: Yes
Neighborhood: N/A
REO/Short Sale: Not Applicable
Zoning: MF-M
Assessor's Book #: 113
Assessor's Map #: 16
Assessor's Parcel #: 66
Legal: PRESCOTT W 97.2 FT OF LOT 1 BLK 10 AP2

Remarks & Misc

Directions: Traveling West on Sheldon Street, turn left (South) on N Alarcon. Take a right (West) onto Willis Street. Property is on E Willis Street, next to the alleyway.
Remarks: An outstanding opportunity for a vacation rental business or long-term leases is now available for sale in Downtown Prescott, within walking distance of Courthouse Square. This building currently operates with 5 long-term lease units and 3 vacation units (hosted on Airbnb), with no limitations for a new buyer to convert all units to vacation rentals or long-term rentals, dependent on Buyer's management preference. A major renovation in 2020 included: all-new electrical, upgraded HVAC systems, new central hot water, and a full interior upgrade. Vacation units are fully furnished, functional, and turnkey-ready to continue operating. Each unit is individually metered. On-site coin-operated laundry facilities add convenience for guests and tenants.

Office/Member Info

Listing Exclusions: No

Building Type

5+ Units: Yes

Construction

Brick: Yes
Frame - Wood: Yes
Stone: Yes

Cooling

Ceiling Fan(s): Yes
Heat Pump: Yes
Mini-Split: Yes

External Amenities

Fence: Yes
Laundry Facilities: Yes

Flooring

Vinyl: Yes

Heating

Forced Air: Yes
Heat Pump: Yes

Owner Pays

Other - See Remarks: Yes

Records Available

None: Yes

Road Frontage Type

City Street: Yes

Road Surface Type

Alley Paved: Yes
Paved: Yes

Road Responsibility

City Maintained Road: Yes

Roof

Metal: Yes

Terms & Conditions

1031 Exchange: Yes
Conventional: Yes
FHA: Yes

Utilities Installed

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

Water Heater

Central Boiler: Yes
Natural Gas: Yes
Re-Circulating: Yes

Unit 1 Parking

None: Yes
Other - See Remarks: Yes

Unit 1 Info

Ceiling Fan(s): Yes
Dishwasher: Yes
Disposal: Yes
Fire/Smoke Detectors: Yes
Range/Oven: Yes
Refrigerator: Yes
Storage Room: Yes
Other - See Remarks: Yes

Unit 2 Parking

None: Yes
Other - See Remarks: Yes

Unit 2 Info

Ceiling Fan(s): Yes
Dishwasher: Yes
Disposal: Yes
Fire/Smoke Detectors: Yes
Range/Oven: Yes
Refrigerator: Yes

Unit 3 Parking

None: Yes
Other - See Remarks: Yes

Unit 3 Info

Ceiling Fan(s): Yes
Dishwasher: Yes
Disposal: Yes
Fire/Smoke Detectors: Yes
Range/Oven: Yes
Refrigerator: Yes

Unit 4 Parking

None: Yes
Other - See Remarks: Yes

Unit 4 Info

Ceiling Fan(s): Yes
Dishwasher: Yes
Fire/Smoke Detectors: Yes
Range/Oven: Yes
Refrigerator: Yes
Other - See Remarks: Yes

Unit 5 Parking

None: Yes
Other - See Remarks: Yes

Unit 5 Info

Ceiling Fan(s): Yes
Dishwasher: Yes
Disposal: Yes
Fire/Smoke Detector: Yes
Range/Oven: Yes
Refrigerator: Yes

Property Features

Building Type: 5+ Units Construction: Brick; Frame - Wood; Stone Cooling: Ceiling Fan(s); Heat Pump; Mini-Split External Amenities: Fence; Laundry Facilities Flooring: Vinyl Heating: Forced Air; Heat Pump Owner Pays: Other - See Remarks Records Available: None Road Frontage Type: City Street Road Surface Type: Alley Paved; Paved Road Responsibility: City Maintained Road Roof: Metal Utilities Installed: 220; Electricity; Individual Meter; Natural Gas; Water - City; WWT - City Sewer Water Heater: Central Boiler; Natural Gas; Re-Circulating Unit 1: Furniture Unit 1 Parking: None; Other - See Remarks Unit 1 Info: Ceiling Fan(s); Dishwasher; Disposal; Fire/Smoke Detectors; Range/Oven; Refrigerator; Storage Room; Other - See Remarks Unit 2 Parking: None; Other - See Remarks Unit 2 Info: Ceiling Fan(s); Dishwasher; Disposal; Fire/Smoke Detectors; Range/Oven; Refrigerator Unit 3 Parking: None; Other - See Remarks Unit 3 Info: Ceiling Fan(s); Dishwasher; Disposal; Fire/Smoke Detectors; Range/Oven; Refrigerator Unit 4 Parking: None; Other - See Remarks Unit 4 Info: Ceiling Fan(s); Dishwasher; Fire/Smoke Detectors; Range/Oven; Refrigerator; Other - See Remarks Unit 5 Parking: None; Other - See Remarks Unit 5 Info: Ceiling Fan(s); Dishwasher; Disposal; Fire/Smoke Detector; Range/Oven; Refrigerator

Documents

Offering Memorandum ›

Listing Office: Arizona Commercial

Last Updated: February - 18 - 2026

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