502 Western Avenue, Prescott, AZ 86301

$1,495,000

502 Western Ave. 2nd floor elevator entr

502 Western Ave. 2nd floor primary bedro

502 Western Ave. 2nd floor guest bedroom

502 Western Ave. 2nd floor guest bathroo

202 N Summit. back door and studio entry

Property Type: Multi-Family Square Footage: 4,283 Lot Size (sq. ft.): 7,405 Status: Active

Current Price: $1,495,000 List Date: 1/12/2026 Last Modified: 4/03/2026

Overview

Description

Rare downtown Prescott multi-unit opportunity on one parcel. This Multi-Family High-Density (MF-H) zoned property features three residential units across two buildings totaling approximately 4,283 sq ft, offering strong income potential and flexible use for investors or owner-occupants. The primary residence at 502 Western is a unique 2,808 sq ft concrete home featuring ADA accessibility, elevator access, and a 2-car garage. The main level has possible 2 bedrooms (one with a fireplace), laundry, storage, bath, large safe, and elevator access. The upper level offers two bedrooms, two baths, and a spacious open living area with fireplace and kitchen, plus third-floor storage/attic. Flooring, paint, and appliances were updated in 2020. The Summit Avenue structure totals approximately 1,475 sq ft and includes two additional residential units, updated in 2015. One unit offers possible two bedrooms, one bath, living area, laundry, and private patio. The second unit is a studio apartmen ... (Read more)

Listing Details MLS# 1078679

ContractAddressLegal

Original List Price: 1500000
Listing Price: 1495000
Street #: 502
Street Name: Western
St Suffix: Avenue
City/Township: Prescott
State: AZ
Zip Code: 86301
Subdivision: Fleurys Addition
County: Yavapai
Tax Parcel: 113-12-007

General Property Description

Lot #: Yes
Aprx Acres: 0.17
Total Liveable SqFt: 4283
Source of Measuremnt: County Assessor
Buildings: 2
Stories: Yes
Year Built: 1960
Management: Owner
Lease Expires: 2026-02-28
HOA Y/N: No
Solar Y/N: No
Baths - Full: 3

Tax Info

Taxes: 1610
Tax Year: 2025

Unit 1

Unit ID: 502 Western
# BR: 3
# BA: 3
SqFt: 2808

Unit 2

Unit ID: 202 Summit
# BR: 2
# BA: Yes
SqFt: 1195
Furniture: Yes

Unit 3

Unit ID: 202 Summit studio
# BR: Yes
# BA: Yes
SqFt: 280
Furniture: Yes

More Information

Contract/Address/Legal

List Price/SqFt: 349
Rent/Lease: Yes
Neighborhood: N/A
REO/Short Sale: Not Applicable
Zoning: MF-M
Assessor's Book #: 113
Assessor's Map #: 12
Assessor's Parcel #: 7
Legal: FLEURY ADD E2; W2; ALL LOT 1 BLK 2 530/212

Remarks & Misc

Directions: From downtown Prescott, West on Gurley. Right on N Summit to corner of Summit and Western.
Remarks: Rare downtown Prescott multi-unit opportunity on one parcel. This Multi-Family High-Density (MF-H) zoned property features three residential units across two buildings totaling approximately 4,283 sq ft, offering strong income potential and flexible use for investors or owner-occupants. The primary residence at 502 Western is a unique 2,808 sq ft concrete home featuring ADA accessibility, elevator access, and a 2-car garage. The main level has possible 2 bedrooms (one with a fireplace), laundry, storage, bath, large safe, and elevator access. The upper level offers two bedrooms, two baths, and a spacious open living area with fireplace and kitchen, plus third-floor storage/attic. Flooring, paint, and appliances were updated in 2020. The Summit Avenue structure totals approximately 1,475 sq ft and includes two additional residential units, updated in 2015. One unit offers possible two bedrooms, one bath, living area, laundry, and private patio. The second unit is a studio apartment with kitchenette, bath, and laundry. Property was previously licensed for short term rental use and was later permitted for short or long term residential occupancy accommodating up to 14 people. Multiple structures are located on one parcel.

Office/Member Info

Listing Exclusions: No

Building Type

Residential+: Yes
Triplex: Yes

Construction

Block: Yes
Frame - Wood: Yes
Stucco: Yes
Other - See Remarks: Yes

Cooling

Central Refriger: Yes

External Amenities

Fence: Yes
Handicap Access: Yes
Landscaped: Yes
Laundry Facilities: Yes
Patio/Deck/Balcony: Yes
Sprinkler/Drip: Yes

Flooring

Carpet: Yes
Tile: Yes
Wood: Yes

Heating

Electric: Yes
Forced Air: Yes

Owner Pays

All: 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
Rolled/Hot Mop: Yes

Terms & Conditions

1031 Exchange: Yes
Conventional: Yes

Utilities Installed

220: Yes
Cable TV: Yes
Electricity: Yes
Individual Meter: Yes
Natural Gas: Yes
Telephone: Yes
Water - City: Yes
WWT - City Sewer: Yes

Water Heater

Electric: Yes
Natural Gas: Yes

Unit 1 Parking

2 Car: Yes
Attached: Yes
Garage: Yes
Off Street: Yes

Unit 1 Info

Dishwasher: Yes
Disposal: Yes
Fire/Smoke Detectors: Yes
Fireplace: Yes
Handicap Accessible: Yes
Laundry Room: Yes
Microwave: Yes
Range/Oven: Yes
Refrigerator: Yes
Storage Room: Yes
Other - See Remarks: Yes

Unit 2 Parking

1 Car: Yes
Off Street: Yes

Unit 2 Info

Dishwasher: Yes
Disposal: Yes
Fire/Smoke Detectors: Yes
Microwave: Yes
Porch/Patio: Yes
Range/Oven: Yes
Refrigerator: Yes
W/D Connection: Yes

Unit 3 Parking

Other - See Remarks: Yes

Unit 3 Info

Fire/Smoke Detectors: Yes
Refrigerator: Yes
W/D Connection: Yes

Property Features

Building Type: Residential+; Triplex Construction: Block; Frame - Wood; Stucco; Other - See Remarks Cooling: Central Refriger External Amenities: Fence; Handicap Access; Landscaped; Laundry Facilities; Patio/Deck/Balcony; Sprinkler/Drip Flooring: Carpet; Tile; Wood Heating: Electric; Forced Air Owner Pays: All Records Available: None Road Frontage Type: City Street Road Surface Type: Paved Road Responsibility: City Maintained Road Roof: Asphalt Shingle; Rolled/Hot Mop Utilities Installed: 220; Cable TV; Electricity; Individual Meter; Natural Gas; Telephone; Water - City; WWT - City Sewer Water Heater: Electric; Natural Gas Unit 1 Parking: 2 Car; Attached; Garage; Off Street Unit 1 Info: Dishwasher; Disposal; Fire/Smoke Detectors; Fireplace; Handicap Accessible; Laundry Room; Microwave; Range/Oven; Refrigerator; Storage Room; Other - See Remarks Unit 2: Furniture Unit 2 Parking: 1 Car; Off Street Unit 2 Info: Dishwasher; Disposal; Fire/Smoke Detectors; Microwave; Porch/Patio; Range/Oven; Refrigerator; W/D Connection Unit 3: Furniture Unit 3 Parking: Other - See Remarks Unit 3 Info: Fire/Smoke Detectors; Refrigerator; W/D Connection

Listing Office: Realty ONE Group Mountain Desert

Last Updated: April - 03 - 2026

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