314 S Virginia Street, Prescott, AZ 86303

New Listing
$1,100,000
Property Type: Multi-Family Square Footage: 5,208 Lot Size (sq. ft.): 7,405 Status: Active
Current Price: $1,100,000 List Date: 8/07/2026 Last Modified: 8/07/2026

Overview

Description

Positioned minutes from Prescott's vibrant Courthouse Plaza, this well-located 8-unit apartment complex presents an outstanding opportunity to acquire a multifamily asset in one of Northern Arizona's highly sought-after rental markets. Residents enjoy convenient access to downtown's restaurants, boutiques, entertainment, and employment centers, making this a desirable location for long-term tenancy. This property offers investors the opportunity to benefit from Prescott's strong downtown rental demand, and attractive lifestyle appeal. Whether implementing strategic value-add improvements, optimizing rental income over time or pursuing immediate cash flow, this property provides multiple avenues to enhance returns. Opportunities to acquire smaller apartment complexes in Prescott are increasingly limited. This 8-unit property offers investors the rare combination of location, consistent rental demand, and upside potential in a market that continues to experience strong housing ...

Listing Details MLS# 1084217

ContractAddressLegal

Original List Price
1100000
Listing Price
1100000
Street #
314
Direction
S
Street Name
Virginia
St Suffix
Street
City/Township
Prescott
State
AZ
Zip Code
86303
County
Yavapai
Tax Parcel
110-03-033a

General Property Description

Lot #
9
Aprx Acres
0.17
Total Liveable SqFt
5208
Source of Measuremnt
County Assessor
Buildings
2
Stories
2
Year Built
1980
Management
Mgmt Company
Solar Y/N
No
Baths - Full
8

Tax Info

Taxes
1277
Tax Year
2025

Unit 1

Unit ID
Apt 1
# BR
2
# BA
Yes
Rent $
1275

Unit 2

Unit ID
Apt 2
# BR
Yes
# BA
Yes
Rent $
950

Unit 3

Unit ID
Apt 3
Rent $
725

More Information

Unit 4

Unit ID
Apt 4
# BA
Yes
Rent $
1275

Unit 5

Unit ID
Apt 5
Rent $
635

Contract/Address/Legal

List Price/SqFt
211
Rent/Lease
No
REO/Short Sale
Not Applicable
Zoning
MF-M
Assessor's Book #
110
Assessor's Map #
3
Assessor's Parcel #
33
Assessor Parcel Ltr
a
Legal
BASHFORD TRACT BLK 2 LOT 9 CONT .17AC

Remarks & Misc

Directions
Gurley to South on Virginia to property on right. Corner of Virginia and
Remarks
Positioned minutes from Prescott's vibrant Courthouse Plaza, this well-located 8-unit apartment complex presents an outstanding opportunity to acquire a multifamily asset in one of Northern Arizona's highly sought-after rental markets. Residents enjoy convenient access to downtown's restaurants, boutiques, entertainment, and employment centers, making this a desirable location for long-term tenancy. This property offers investors the opportunity to benefit from Prescott's strong downtown rental demand, and attractive lifestyle appeal. Whether implementing strategic value-add improvements, optimizing rental income over time or pursuing immediate cash flow, this property provides multiple avenues to enhance returns. Opportunities to acquire smaller apartment complexes in Prescott are increasingly limited. This 8-unit property offers investors the rare combination of location, consistent rental demand, and upside potential in a market that continues to experience strong housing demand and constrained multifamily supply.

Building Type

5+ Units
Yes
Other - See Remarks
Yes

Construction

Frame - Wood
Yes

Cooling

Ceiling Fan(s)
Yes
Room Refrigeration
Yes

External Amenities

Laundry Facilities
Yes

Flooring

Carpet
Yes
Vinyl
Yes

Heating

Baseboard
Yes

Owner Pays

Water
Yes

Records Available

None
Yes

Road Frontage Type

City Street
Yes

Road Surface Type

Paved
Yes

Road Responsibility

City Maintained Road
Yes

Roof

Asphalt Shingle
Yes

Terms & Conditions

1031 Exchange
Yes
Conventional
Yes

Utilities Installed

Electricity
Yes
Natural Gas
Yes
Underground
Yes
Water - City
Yes
WWT - City Sewer
Yes

Water Heater

Electric
Yes

Unit 1 Parking

Off Street
Yes

Unit 1 Info

Ceiling Fan(s)
Yes
Range/Oven
Yes
Refrigerator
Yes

Unit 2 Parking

Off Street
Yes

Unit 2 Info

Range/Oven
Yes
Refrigerator
Yes

Unit 3 Parking

Off Street
Yes

Unit 3 Info

Ceiling Fan(s)
Yes
Range/Oven
Yes
Refrigerator
Yes

Unit 4 Parking

Off Street
Yes

Unit 4 Info

Ceiling Fan(s)
Yes
Range/Oven
Yes
Refrigerator
Yes

Unit 5 Parking

Off Street
Yes

Unit 5 Info

Ceiling Fan(s)
Yes
Range/Oven
Yes
Refrigerator
Yes

Property Features

Building Type: 5+ Units; Other - See Remarks Construction: Frame - Wood Cooling: Ceiling Fan(s); Room Refrigeration External Amenities: Laundry Facilities Flooring: Carpet; Vinyl Heating: Baseboard Owner Pays: Water Records Available: None Road Frontage Type: City Street Road Surface Type: Paved Road Responsibility: City Maintained Road Roof: Asphalt Shingle Utilities Installed: Electricity; Natural Gas; Underground; Water - City; WWT - City Sewer Water Heater: Electric Unit 1 Parking: Off Street Unit 1 Info: Ceiling Fan(s); Range/Oven; Refrigerator Unit 2 Parking: Off Street Unit 2 Info: Range/Oven; Refrigerator Unit 3 Parking: Off Street Unit 3 Info: Ceiling Fan(s); Range/Oven; Refrigerator Unit 4 Parking: Off Street Unit 4 Info: Ceiling Fan(s); Range/Oven; Refrigerator Unit 5 Parking: Off Street Unit 5 Info: Ceiling Fan(s); Range/Oven; Refrigerator
Listing Office: Invest Southwest
Last Updated: August - 07 - 2026
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