622 Western Avenue, Prescott, AZ 86305

$999,000

Property Type: Multi-Family Square Footage: 3,198 Lot Size (sq. ft.): 7,405 Status: Active

Current Price: $999,000 List Date: 6/04/2026 Last Modified: 9/01/2026

Overview

Description

Exceptional 5-unit multifamily investment opportunity in Prescott, offering strong in-place income and full occupancy. The unit mix consists of three 2-bedroom/1-bath units, one 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. All tenants are month-to-month allowing for new ownership flexibility. 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: 999000
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: 8
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

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

Documents

5 Unit Multifamily OM ›

Listing Office: Arizona Commercial

Last Updated: September - 01 - 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.