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

More Information

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

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