215 E Willis Street, Prescott, AZ 86301

$1,250,000
Property Type: Multi-Family Square Footage: 5,687 Lot Size (sq. ft.): 4,792 Status: Closed
Current Price: $1,250,000 List Date: 2/02/2026 Last Modified: 4/09/2026

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
Sold Date
2026-04-08
Sold Price/SqFt
220
Financing
Conventional

Unit 1

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

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

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 Possession: At Recordation 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
Listing Office: Arizona Commercial
Last Updated: April - 09 - 2026
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