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

Status Change Info

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

More Information

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

Last Updated: January - 21 - 2026

The data relating to real estate for sale on this site comes from the Broker Reciprocity/IDX of Prescott Area Association of REALTORS. Information provided is thought to be reliable but is not guaranteed to be accurate. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.Real estate listings held by brokerage firms other than the website owner, are indicated by detailed information about them such as the name of the listing firms. Copyright© 2020 Prescott Area Association of REALTORS. All rights reserved.