403 Clark Street, Jerome, AZ 86331

$3,000,000

Property Type: Multi-Family Square Footage: 21,849 Lot Size (sq. ft.): 50,965 Status: Closed

Current Price: $3,000,000 List Date: 5/03/2025 Last Modified: 9/12/2025

Overview

Description

Step back in time and own a piece of Jerome history! Perched majestically on the Jerome Hillside, overlooking the stunning Verde Valley, this 107-year-old gem whispers tales of the past. Originally built in 1918 by the UVX Mining Company to house its medical staff, this mixed-use property boasts timeless architecture and a prime location in the heart of Jerome's bustling visitor district. Featuring 21 residential units, 9 commercial spaces, and an adjacent 0.61-acre parking lot (48 spaces), this 21,850 sq ft property offers significant upside potential. Capitalize on the opportunity to increase rents, fill vacancies, and develop the additional lot for even greater income streams. With its captivating history, walkable location, diverse tenant mix, and 315 feet of highway frontage you can

Listing Details MLS# 1072946

ContractAddressLegal

Original List Price: 4000000
Listing Price: 4000000
Street #: 403
Street Name: Clark
St Suffix: Street
City/Township: Jerome
State: AZ
Zip Code: 86331
Subdivision: None
County: Yavapai
Tax Parcel: 401-06-152h

General Property Description

Lot #: Yes
Aprx Acres: 1.17
Total Liveable SqFt: 21849
Source of Measuremnt: County Assessor
Buildings: Yes
Stories: 3
Year Built: 1918
Management: Owner
Gross Vol/Yr $: 313572
NOI $: 280000
Vac Rate %: 16
Cap %: 7
CAM $: 33572
HOA Y/N: No
Baths - Full: 30
More than 5 Units: Yes

Tax Info

Taxes: 7478
Tax Year: 2024
Asmts Freq: Annual
Builder Name: UVX Mining Company

Status Change Info

Under Contract Date: 2025-09-01
Sold Date: 2025-09-04
Sold Price/SqFt: 137
Financing: Cash

Contract/Address/Legal

List Price/SqFt: 183
Rent/Lease: No
Neighborhood: N/A
REO/Short Sale: Not Applicable
Zoning: C1
Assessor's Book #: 401
Assessor's Map #: 6
Assessor's Parcel #: 152
Assessor Parcel Ltr: h
Legal: VERDE DIST AN IRREG PCL PTN HERMIT CLAIM SW COR APPROX 358' NELY ALONG 2/3 LINE 12' N FROM COR 33 OF CLAIM SEC 22-16-2E CONT .56AC 3377/208

Remarks & Misc

Directions: SR89A into Jerome. Just West of Haunted Hamburger
Remarks: Step back in time and own a piece of Jerome history! Perched majestically on the Jerome Hillside, overlooking the stunning Verde Valley, this 107-year-old gem whispers tales of the past. Originally built in 1918 by the UVX Mining Company to house its medical staff, this mixed-use property boasts timeless architecture and a prime location in the heart of Jerome's bustling visitor district. Featuring 21 residential units, 9 commercial spaces, and an adjacent 0.61-acre parking lot (48 spaces), this 21,850 sq ft property offers significant upside potential. Capitalize on the opportunity to increase rents, fill vacancies, and develop the additional lot for even greater income streams. With its captivating history, walkable location, diverse tenant mix, and 315 feet of highway frontage you can

More Information

Office/Member Info

Listing Exclusions: No

Building Type

5+ Units: Yes

Construction

Block: Yes
Frame - Wood: Yes
Stucco: Yes

Cooling

Ceiling Fan(s): Yes
Evaporative Cooling: Yes
Mini-Split: Yes
Room Refrigeration: Yes

External Amenities

Landscaped: Yes
Laundry Facilities: Yes
Patio/Deck/Balcony: Yes
Separate Storage: Yes

Flooring

Carpet: Yes
Concrete: Yes
Tile: Yes

Heating

Baseboard: Yes
Electric: Yes
Forced - Gas: Yes
Natural Gas: Yes
Wall Unit: Yes

Owner Pays

Other - See Remarks: Yes

Possession

At Recordation: Yes

Records Available

None: Yes

Road Frontage Type

City Street: Yes
State Road: Yes

Road Surface Type

Alley Paved: Yes
Asphalt: Yes
Concrete: Yes
Paved: Yes

Road Responsibility

City Maintained Road: Yes
State Maintained Road: Yes

Roof

Rolled/Hot Mop: Yes

Terms & Conditions

1031 Exchange: Yes
Conventional: Yes
Submit: Yes

Utilities Installed

Electricity: Yes
Individual Meter: Yes
Master Meter: Yes
Natural Gas: Yes
Telephone: Yes
Underground: Yes
Water - City: Yes
WWT - City Sewer: Yes

Water Heater

Electric: Yes
Tankless Water Heater: Yes
Two or More: Yes

Property Features

Building Type: 5+ Units Construction: Block; Frame - Wood; Stucco Cooling: Ceiling Fan(s); Evaporative Cooling; Mini-Split; Room Refrigeration External Amenities: Landscaped; Laundry Facilities; Patio/Deck/Balcony; Separate Storage Flooring: Carpet; Concrete; Tile Heating: Baseboard; Electric; Forced - Gas; Natural Gas; Wall Unit Owner Pays: Other - See Remarks Possession: At Recordation Records Available: None Road Frontage Type: City Street; State Road Road Surface Type: Alley Paved; Asphalt; Concrete; Paved Road Responsibility: City Maintained Road; State Maintained Road Roof: Rolled/Hot Mop Utilities Installed: Electricity; Individual Meter; Master Meter; Natural Gas; Telephone; Underground; Water - City; WWT - City Sewer Water Heater: Electric; Tankless Water Heater; Two or More

Listing Office: Prescott Commercial Real Estate

Last Updated: September - 12 - 2025

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.