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
...
(Read more)
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.
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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