223 E Willis Street, Prescott, AZ 86301

$1,300,000

The Willis property is walking distance to the Prescott town square.

Property Type: Multi-Family Square Footage: 4,563 Lot Size (sq. ft.): 2,614 Status: Closed

Current Price: $1,300,000 List Date: 8/15/2025 Last Modified: 1/21/2026

Overview

Description

Rare Downtown Prescott Apartment Opportunity - Fully Remodeled 8-Unit Building Now available—an exceptionally rare find in the heart of downtown Prescott! This eight-unit residential apartment building offers a prime location just three blocks from the historic Courthouse Square, restaurants, shops, and all the charm of downtown living. Every apartment has been thoughtfully remodeled with updated flooring, modern kitchenette spaces, and upgraded windows to bring in abundant natural light. The property also includes a fully remodeled basement apartment for added versatility. Residents enjoy the convenience of an on-site coin-operated laundry facility with brand-new machines (two washers and two dryers). With its combination of modern updates and unbeatable location, this property is ideal for investors or those looking to own a piece of Prescott's limited downtown residential market. Title is being held open see private remarks.

Listing Details MLS# 1075746

ContractAddressLegal

Original List Price: 1650000
Listing Price: 1300000
Street #: 223
Direction: E
Street Name: Willis
St Suffix: Street
City/Township: Prescott
State: AZ
Zip Code: 86301
Subdivision: Prescott Original Township
County: Yavapai
Tax Parcel: 113-16-067

General Property Description

Lot #: Yes
Aprx Acres: 0.06
Total Liveable SqFt: 4563
Source of Measuremnt: County Assessor
Buildings: Yes
Stories: 3
Year Built: 1967
Management: Mgmt Company
Gross Vol/Yr $: 132251
NOI $: 101958
Vac Rate %: 5
Cap %: 6.18
HOA Y/N: No
Baths - Full: 8
More than 5 Units: Yes

Tax Info

Taxes: 2297
Tax Year: 2024
Assessments $: 0

Status Change Info

Under Contract Date: 2025-11-25
Sold Date: 2026-01-20
Sold Price/SqFt: 285
Financing: Conventional

Contract/Address/Legal

List Price/SqFt: 285
Rent/Lease: No
Neighborhood: N/A
REO/Short Sale: Not Applicable
Zoning: DBT
Assessor's Book #: 113
Assessor's Map #: 16
Assessor's Parcel #: 67
Legal: PRESCOTT E 52.8' LOT 1 BLK 10 AP1

Remarks & Misc

Directions: From downtown Prescott head east on gurley st. Turn Left on Alacron and go 1 block to Willis St. This two story apartment complex is located on the South West Corner of E. Willis St and Alarcon.
Remarks: Rare Downtown Prescott Apartment Opportunity - Fully Remodeled 8-Unit Building Now available—an exceptionally rare find in the heart of downtown Prescott! This eight-unit residential apartment building offers a prime location just three blocks from the historic Courthouse Square, restaurants, shops, and all the charm of downtown living. Every apartment has been thoughtfully remodeled with updated flooring, modern kitchenette spaces, and upgraded windows to bring in abundant natural light. The property also includes a fully remodeled basement apartment for added versatility. Residents enjoy the convenience of an on-site coin-operated laundry facility with brand-new machines (two washers and two dryers). With its combination of modern updates and unbeatable location, this property is ideal for investors or those looking to own a piece of Prescott's limited downtown residential market. Title is being held open see private remarks.

More Information

Office/Member Info

Listing Exclusions: No

Building Type

5+ Units: Yes
Residential+: Yes

Construction

Brick: Yes

Cooling

Ceiling Fan(s): Yes
Room Refrigeration: Yes

External Amenities

Laundry Facilities: Yes

Flooring

Carpet: Yes
Vinyl: Yes

Heating

Natural Gas: Yes
Other: Yes
See Remarks: Yes

Owner Pays

Other - See Remarks: Yes

Possession

At Recordation: Yes

Records Available

None: Yes

Road Frontage Type

City Street: Yes

Road Surface Type

Asphalt: Yes

Road Responsibility

City Maintained Road: Yes

Roof

Asphalt Shingle: Yes

Terms & Conditions

1031 Exchange: Yes
Conventional: Yes

Utilities Installed

220: Yes
Cable TV: Yes
Natural Gas: Yes

Water Heater

Central Boiler: Yes
Natural Gas: Yes

Unit 1 Parking

1 Car: Yes

Unit 1 Info

Ceiling Fan(s): Yes

Property Features

Building Type: 5+ Units; Residential+ Construction: Brick Cooling: Ceiling Fan(s); Room Refrigeration External Amenities: Laundry Facilities Flooring: Carpet; Vinyl Heating: Natural Gas; Other; See Remarks Owner Pays: Other - See Remarks Possession: At Recordation Records Available: None Road Frontage Type: City Street Road Surface Type: Asphalt Road Responsibility: City Maintained Road Roof: Asphalt Shingle Utilities Installed: 220; Cable TV; Natural Gas Water Heater: Central Boiler; Natural Gas Unit 1 Parking: 1 Car Unit 1 Info: Ceiling Fan(s)

Listing Office: Delex Realty, LLC

Last Updated: January - 21 - 2026

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