223 E Willis Street, Prescott, AZ 86301

$1,350,000
Property Type: Multi-Family Square Footage: 4,563 Lot Size (sq. ft.): 2,614 Status: Active
Current Price: $1,350,000 List Date: 8/15/2025 Last Modified: 10/01/2025

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.

More Information MLS# 1075746

Contract/Address/Legal

List Price/SqFt: 296 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

General Property Description

Aprx Acres: 0.06 Lot #: 1 Lot Size: 2,614 HOA Y/N: No Buildings: 1 Source of Measuremnt: County Assessor Stories: 3 Management: Mgmt Company Gross Vol/Yr $: 132251 Vac Rate %: 5 More than 5 Units: Yes Total Liveable SqFt: 4563 Year Built: 1967 NOI $: 101958 Cap %: 6.18 Baths - Full: 8

Tax Info

Taxes: 2297 Assessments $: 0 Tax Year: 2024

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.

Office/Member Info

Listing Exclusions: No

Building Type

5+ Units: 1 Residential+: 1

Construction

Brick: 1

Cooling

Ceiling Fan(s): 1 Room Refrigeration: 1

External Amenities

Laundry Facilities: 1

Flooring

Carpet: 1 Vinyl: 1

Heating

Natural Gas: 1 Other: 1 See Remarks: 1

Owner Pays

Other - See Remarks: 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

Terms & Conditions

1031 Exchange: 1 Conventional: 1

Utilities Installed

220: 1 Cable TV: 1 Natural Gas: 1

Water Heater

Central Boiler: 1 Natural Gas: 1

Unit 1 Parking

1 Car: 1

Unit 1 Info

Ceiling Fan(s): 1

ContractAddressLegal

Original List Price: 1650000 Listing Date: 2025-08-15 Status: Active Listing Price: 1350000 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

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 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: October - 01 - 2025
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