Prescott, AZ 86305

$849,000
Property Type: Multi-Family Square Footage: 3,693 Lot Size (sq. ft.): 7,841 Status: Active
Current Price: $849,000 List Date: 2/05/2026 Last Modified: 2/05/2026

Overview

Description

Income-producing multi-family property with stable in-place rents and future value-add potential in a prime central location. This versatile asset offers immediate cash flow with all three units currently rented and operating under a utilities-included rental structure, providing simplified management and consistent occupancy. Zoned Business General and designated historic (potential property tax advantages), the property is located just 0.6 miles from downtown, with convenient access to shopping, dining, and services. The main residence (Unit 1) is a 5-bedroom, 3-bath home currently rented at $3,200/month (utilities included). Features include updated windows, original wood flooring, formal living and dining rooms, a dedicated laundry room, and a walk-out basement offering ample storage. Three bedrooms provide private exterior access, allowing flexibility for rental, office, or live/work use. A separate two-story building contains two 1-bedroom, 1-bath apartment units: Un ...

Listing Details MLS# 1079302

ContractAddressLegal

Original List Price
849000
Listing Price
849000
City/Township
Prescott
State
AZ
Zip Code
86305

General Property Description

Lot #
11
Bedrooms Possible
8
Aprx Acres
0.18
Total Liveable SqFt
3692.8
Source of Measuremnt
County Assessor
Buildings
2
Stories
Yes
Year Built
1914
Management
Owner
Lease $
5900
Lease Expires
2026-10-31
Solar Y/N
No
Baths - Full
4

Tax Info

Taxes
1765
Tax Year
2025

Unit 1

Unit ID
Yes
# BR
4
# BA
3
SqFt
1717
Tenant Utilities
Cable/Internet
Rent $
3200

Unit 2

Unit ID
2
SqFt
1026
Tenant Utilities
Cable/Internet
# BA
0
Rent $
0

Unit 3

Unit ID
3
# BR
Yes
# BA
Yes
SqFt
474
Tenant Utilities
Cable/Internet
Rent $
1400

More Information

Unit 4

Unit ID
4
# BR
Yes
# BA
Yes
SqFt
474
Tenant Utilities
Cable/Internet
Rent $
1300

Contract/Address/Legal

List Price/SqFt
230
Rent/Lease
Yes
Neighborhood
N/A
REO/Short Sale
Not Applicable
Zoning
BG
Assessor's Book #
113
Assessor's Map #
11
Assessor's Parcel #
86
Legal
MURPHYS 1ST SUB LOT 11

Remarks & Misc

Directions
From downtown Prescott take Gurley St. - West 0.6 miles, through the Park Ave intersection then take an immediate right on Garden St. Another immediate left on W. Gurley St. The house is located on the right (North).
Remarks
Income-producing multi-family property with stable in-place rents and future value-add potential in a prime central location. This versatile asset offers immediate cash flow with all three units currently rented and operating under a utilities-included rental structure, providing simplified management and consistent occupancy. Zoned Business General and designated historic (potential property tax advantages), the property is located just 0.6 miles from downtown, with convenient access to shopping, dining, and services. The main residence (Unit 1) is a 5-bedroom, 3-bath home currently rented at $3,200/month (utilities included). Features include updated windows, original wood flooring, formal living and dining rooms, a dedicated laundry room, and a walk-out basement offering ample storage. Three bedrooms provide private exterior access, allowing flexibility for rental, office, or live/work use. A separate two-story building contains two 1-bedroom, 1-bath apartment units: Unit 3: $1,400/month (utilities included) Unit 4: $1,300/month (utilities included) Each unit includes its own living space, kitchen, and private patio, well-suited for long-term tenancy. Recent improvements include a newer water heater in Unit 3 & 4, a newer wall heater in Unit 4, and recently serviced A/C in the main house. An additional unfinished 1,000+ sq. ft. area offers upside potential for future income or expansion (buyer to verify). A compelling opportunity to acquire a centrally located multi-family property with in-place income today and repositioning upside tomorrow. Property offered in its current condition. Seller has completed prior inspections, including general inspection, radon, air quality, and sewer scope. Reports available for buyer review. Price reflects condition.

Office/Member Info

Listing Exclusions
No

Building Type

Fourplex
Yes
Other - See Remarks
Yes

Construction

Block
Yes
Frame - Wood
Yes

Cooling

Ceiling Fan(s)
Yes
Central Refriger
Yes
None
Yes
See Remarks
Yes

External Amenities

Patio/Deck/Balcony
Yes

Flooring

Concrete
Yes
Laminate
Yes
Vinyl
Yes
Wood
Yes

Heating

Forced - Gas
Yes
Wall Unit
Yes

Owner Pays

All
Yes

Records Available

Other - See Remarks
Yes

Road Frontage Type

City Street
Yes

Road Surface Type

Asphalt
Yes
Paved
Yes

Road Responsibility

City Maintained Road
Yes

Roof

Asphalt Shingle
Yes
Rolled/Hot Mop
Yes

Terms & Conditions

1031 Exchange
Yes
Conventional
Yes
FHA
Yes
VA
Yes

Utilities Installed

Cable TV
Yes
Electricity
Yes
Natural Gas
Yes
Telephone
Yes
Water - City
Yes
WWT - City Sewer
Yes

Water Heater

Natural Gas
Yes

Unit 1 Parking

3+ Car
Yes
Off Street
Yes

Unit 1 Info

Ceiling Fan(s)
Yes
Den/Family Room
Yes
Dishwasher
Yes
Disposal
Yes
Fire/Smoke Detectors
Yes
Laundry Room
Yes
Microwave
Yes
Porch/Patio
Yes
Range/Oven
Yes
Refrigerator
Yes
Storage Room
Yes
W/D Connection
Yes

Unit 2 Parking

1 Car
Yes
Garage
Yes
None
Yes

Unit 2 Info

Other - See Remarks
Yes

Unit 3 Parking

1 Car
Yes
Off Street
Yes

Unit 3 Info

Ceiling Fan(s)
Yes
Den/Family Room
Yes
Fire/Smoke Detectors
Yes
Microwave
Yes
Porch/Patio
Yes
Range/Oven
Yes
Refrigerator
Yes

Unit 4 Parking

1 Car
Yes
Off Street
Yes

Unit 4 Info

Ceiling Fan(s)
Yes
Fire/Smoke Detectors
Yes
Microwave
Yes
Porch/Patio
Yes
Range/Oven
Yes
Refrigerator
Yes

Property Features

Building Type: Fourplex; Other - See Remarks Construction: Block; Frame - Wood Cooling: Ceiling Fan(s); Central Refriger; None; See Remarks External Amenities: Patio/Deck/Balcony Flooring: Concrete; Laminate; Vinyl; Wood Heating: Forced - Gas; Wall Unit Owner Pays: All Records Available: Other - See Remarks Road Frontage Type: City Street Road Surface Type: Asphalt; Paved Road Responsibility: City Maintained Road Roof: Asphalt Shingle; Rolled/Hot Mop Utilities Installed: Cable TV; Electricity; Natural Gas; Telephone; Water - City; WWT - City Sewer Water Heater: Natural Gas Unit 1 Parking: 3+ Car; Off Street Unit 1 Info: Ceiling Fan(s); Den/Family Room; Dishwasher; Disposal; Fire/Smoke Detectors; Laundry Room; Microwave; Porch/Patio; Range/Oven; Refrigerator; Storage Room; W/D Connection Unit 2 Parking: 1 Car; Garage; None Unit 2 Info: Other - See Remarks Unit 3 Parking: 1 Car; Off Street Unit 3 Info: Ceiling Fan(s); Den/Family Room; Fire/Smoke Detectors; Microwave; Porch/Patio; Range/Oven; Refrigerator Unit 4 Parking: 1 Car; Off Street Unit 4 Info: Ceiling Fan(s); Fire/Smoke Detectors; Microwave; Porch/Patio; Range/Oven; Refrigerator
Listing Office: Above The Best Realty LLC
Last Updated: February - 05 - 2026
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