622 Western Avenue, Prescott, AZ 86305

$1,100,000
Property Type: Multi-Family Square Footage: 3,198 Lot Size (sq. ft.): 7,405 Status: Active
Current Price: $1,100,000 List Date: 3/09/2026 Last Modified: 3/25/2026

Overview

Description

Exceptional 5-unit multifamily investment opportunity in Prescott, offering strong in-place income and full occupancy. The unit mix consists of two 2-bedroom/1-bath units, two 1-bedroom/1-bath unit, and one studio, providing a diversified rental profile that appeals to a broad tenant base. The property is fully occupied with a total annual gross income of $86,160.00, delivering immediate and stable cash flow. Each unit is individually metered for gas and electric, helping to minimize owner expenses and simplify utility management. With its desirable unit mix, consistent occupancy, and this property presents an attractive opportunity for both seasoned investors and those looking to expand their multifamily portfolio in a strong rental market at Downtown Prescott.

Listing Details MLS# 1080130

ContractAddressLegal

Original List Price
1100000
Listing Price
1100000
Street #
622
Street Name
Western
St Suffix
Avenue
City/Township
Prescott
State
AZ
Zip Code
86305
County
Yavapai
Tax Parcel
113-12-100

General Property Description

Lot #
17&18
Bedrooms Possible
7
Aprx Acres
0.17
Total Liveable SqFt
3198
Source of Measuremnt
Builder Plans
Buildings
4
Stories
Yes
Year Built
1930
Management
Owner
Solar Y/N
No
Baths - Full
5

Unit 1

Unit ID
201 Garden
Rent $
1619

Unit 2

Unit ID
201 1/2 Garden
Rent $
1000

Unit 3

Unit ID
203 Garden
Rent $
1500

Unit 4

Unit ID
622 Western
Rent $
1500

More Information

Unit 5

Unit ID
624 Western
Rent $
1560

Contract/Address/Legal

List Price/SqFt
344
Rent/Lease
Yes
Neighborhood
N/A
REO/Short Sale
Not Applicable
Zoning
BG
Assessor's Book #
113
Assessor's Map #
12
Assessor's Parcel #
100
Legal
FLEURY ADD W2 LOT 17 AP8; W2 LOT 18 AP9 ALL IN BLK 9 404/3 54 3/299

Remarks & Misc

Directions
Well-located in Prescott at 622 / 624 Western Avenue and 201 / 201 1/2 / 203 Garden Street, this multifamily property benefits from a corner setting with dual street frontage, offering convenient access for multiple units and strong rental appeal.
Remarks
Exceptional 5-unit multifamily investment opportunity in Prescott, offering strong in-place income and full occupancy. The unit mix consists of two 2-bedroom/1-bath units, two 1-bedroom/1-bath unit, and one studio, providing a diversified rental profile that appeals to a broad tenant base. The property is fully occupied with a total annual gross income of $86,160.00, delivering immediate and stable cash flow. Each unit is individually metered for gas and electric, helping to minimize owner expenses and simplify utility management. With its desirable unit mix, consistent occupancy, and this property presents an attractive opportunity for both seasoned investors and those looking to expand their multifamily portfolio in a strong rental market at Downtown Prescott.

Building Type

5+ Units
Yes

Construction

Other - See Remarks
Yes

Cooling

See Remarks
Yes

External Amenities

Other - See Remarks
Yes

Flooring

See Remarks
Yes

Heating

See Remarks
Yes

Owner Pays

Other - See Remarks
Yes

Records Available

Other - See Remarks
Yes

Road Frontage Type

See Remarks
Yes

Road Surface Type

See Remarks
Yes

Road Responsibility

See Remarks
Yes

Roof

Other - See Remarks
Yes

Terms & Conditions

Other - See Remarks
Yes

Utilities Installed

Other - See Remarks
Yes

Water Heater

Other - See Remarks
Yes

Unit 1 Parking

Other - See Remarks
Yes

Unit 1 Info

Other - See Remarks
Yes

Unit 2 Parking

Other - See Remarks
Yes

Unit 2 Info

Other - See Remarks
Yes

Unit 3 Parking

Other - See Remarks
Yes

Unit 3 Info

Other - See Remarks
Yes

Unit 4 Parking

Other - See Remarks
Yes

Unit 4 Info

Other - See Remarks
Yes

Unit 5 Parking

Other - See Remarks
Yes

Unit 5 Info

Other - See Remarks
Yes

Property Features

Building Type: 5+ Units Construction: Other - See Remarks Cooling: See Remarks External Amenities: Other - See Remarks Flooring: See Remarks Heating: See Remarks Owner Pays: Other - See Remarks Records Available: Other - See Remarks Road Frontage Type: See Remarks Road Surface Type: See Remarks Road Responsibility: See Remarks Roof: Other - See Remarks Utilities Installed: Other - See Remarks Water Heater: Other - See Remarks Unit 1 Parking: Other - See Remarks Unit 1 Info: Other - See Remarks Unit 2 Parking: Other - See Remarks Unit 2 Info: Other - See Remarks Unit 3 Parking: Other - See Remarks Unit 3 Info: Other - See Remarks Unit 4 Parking: Other - See Remarks Unit 4 Info: Other - See Remarks Unit 5 Parking: Other - See Remarks Unit 5 Info: Other - See Remarks
Listing Office: Arizona Commercial
Last Updated: March - 25 - 2026
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.