Prescott AZ Multi-Family Real Estate, Homes for Sale

This is more than a duplex--it's an opportunity to build your real estate portfolio in the heart of Prescott, Arizona. Located just 3.5 blocks from Historic Downtown Prescott, Courthouse Square and Whiskey Row, this property sits on a double lot with the ability to have up to 8 units, offering significant potential for future development and additional income streams.The existing property can function as a duplex or a 5-bedroom, 3-bath single-family residence, giving investors multiple strategies from day one. Use it as a long-term rental, furnished rental, house-hack opportunity, or explore Airbnb/VRBO potential while planning additional units on the property. Its proximity to Downtown Prescott makes it especially attractive for tenants and visitors seeking convenient access to restaurants, shopping, entertainment and year-round events.Not just for investors, the flexible layout also creates an excellent multigenerational living opportunity, allowing adult children, extended family, or aging parents to enjoy separate living spaces while remaining under one roof.Whether you're searching for a Prescott investment property, duplex for sale, multifamily property, short-term rental opportunity, development property, income-producing real estate, or a property with room to add additional units, this one offers multiple paths to unlock its potential.Double lot. Ability to have up to 8 units. Only 3.5 blocks from Downtown Prescott. Multiple income possibilities. One property with serious potential.Buyer to verify zoning, unit count, short-term rental eligibility, approvals and development requirements with the City of Prescott.

Prescott

$549,000

1084612 MLS

Beautifully renovated home with a fully detached guest house, offering incredible flexibility for multi-generational living, investment income, or short-term rental opportunities. The main home and guest house feature completely separate private yards, allowing each residence to be enjoyed or rented independently.Extensive upgrades include a brand-new HVAC system, new roof, new dual-pane windows, and new landscaping. Ideally located just minutes from Downtown Prescott and historic Whiskey Row, with some of the area's best shopping, dining, entertainment, and local events close by.Whether you're looking for a primary residence with a private guest house, a long-term income-producing property, or a potential short-term rental setup, this unique property offers endless possibilities in a fantastic Prescott location.

551 Gail Gardner Way, Prescott

$656,000

1084315 MLS

Discover a rare opportunity to own a beautifully restored historic duplex listed on the National Register of Historic Places in the heart of Downtown Prescott. Only two blocks from Whiskey Row and the Historic Courthouse Plaza, this turnkey property blends timeless character with designer updates. The main residence offers 2 bedrooms and 1 bath with soaring ceilings, hardwood floors, abundant natural light, and a beautifully remodeled kitchen, while the second unit features 1 bedroom and 1 bath with its own updated kitchen and private living space. A charming courtyard with a paver patio, white picket fence, mature apple tree, and shared laundry creates an inviting outdoor retreat. This property offers exceptional flexibility as an income-producing investment, owner-occupied duplex, multigenerational home, or full-time residence. Less than half a mile to restaurants, breweries, boutiques, art galleries, live entertainment, and Prescott's year-round events while enjoying one of Arizona's most sought-after historic downtown neighborhoods.

117 W Aubrey Street, Prescott

$1,100,000

1084217 MLS

Positioned minutes from Prescott's vibrant Courthouse Plaza, this well-located 8-unit apartment complex presents an outstanding opportunity to acquire a multifamily asset in one of Northern Arizona's highly sought-after rental markets. Residents enjoy convenient access to downtown's restaurants, boutiques, entertainment, and employment centers, making this a desirable location for long-term tenancy. This property offers investors the opportunity to benefit from Prescott's strong downtown rental demand, and attractive lifestyle appeal. Whether implementing strategic value-add improvements, optimizing rental income over time or pursuing immediate cash flow, this property provides multiple avenues to enhance returns. Opportunities to acquire smaller apartment complexes in Prescott are increasingly limited. This 8-unit property offers investors the rare combination of location, consistent rental demand, and upside potential in a market that continues to experience strong housing demand and constrained multifamily supply.

314 S Virginia Street, Prescott

$575,000

1083729 MLS

PRIME PRESCOTT LOCATION with Exceptional Income Potential & Multi-Generational Opportunity with 3 Units on Nearly 1 Acre, No HOA and ONLY 2 Miles from Downtown Square! Discover a unique and versatile property with two structures; three separate living areas on a single parcel - a rare find in such a desirable location. Great Opportunity to own a Main Home 2Beds/2Baths, 1344 SqFt plus a Duplex (2)1Bed/1Bath, 625 SqFt each (Total 2594 SqFt). Newer HVAC in Main Home with floor vents. Duplex with Vents in Ceiling. Gas & Electric Appliances. Dwellings offer Insulated and walkable crawl space under structure. Only 2 miles from Historic Downtown Prescott, Courthouse Square and Iconic Whiskey Row. Enjoy Prescott's four mild seasons, beautiful surroundings, roaming deer and other wildlife from the covered front porch. Nearly one acre of land provides ample room to enjoy outdoor living, entertaining, gardening, and future possibilities with the close convenience to city attractions. Investors can Maximize their Investment Portfolio while Owner-occupants can enjoy the benefits of Rental Income to offset Ownership costs. Call Today To Schedule Your Showing!

747 & 749 Paul Drive, Prescott

$1,249,000

1083409 MLS

NEW CONSTRUCTION DUPLEX -- WALK TO DOWNTOWN PRESCOTT | INVESTOR & OWNER-OCCUPANT OPPORTUNITYRare new-construction investment opportunity a short walk from downtown Prescott, backing to a seasonal stretch of Granite Creek. One of three side-by-side duplexes, each sold as a complete two-unit building -- turnkey income property or the perfect house-hack.Land is currently being split into three parcels; Each parcel will be .17 acres and will have 2 units.Each unit offers approximately 1,975 sq ft with 3 bedrooms and 2.5 baths across a smart three-level layout: covered carport and private entry on the ground level, an open kitchen/living/dining great room opening to a private deck on the main level, and all bedrooms, 2 baths plus laundry upstairs.BUILT FOR INCOME & FLEXIBILITY -- Live in one side and rent the other to help cover your mortgage, or hold the full duplex as a cash-flowing rental/investment property in one of Arizona's most in-demand small cities. Investor- and owner-occupant-friendly, with strong rental fundamentals and limited new-construction inventory this close to downtown.FINISH IT YOUR WAY -- Offered at a base price with a Standard Finish Package, then make it yours. Select your own finishes through the builder's in-house design studio, with tiered cabinetry, countertop, flooring, tile, and fixture upgrades available (Koch & SOLLiD cabinetry). Keep it efficient for a rental or step up for an owner-occupied home.BULK / PORTFOLIO PRICING AVAILABLE for investors acquiring multiple buildings. Serious buyers and investors -- contact the builder for a full pricing breakdown, finish & upgrade schedule, projected rental analysis, and sample purchase contract. New build: choose your building and finishes before completion.Renderings are artist's representations; surroundings illustrative. Standard Finish Package shown. Pricing preliminary and subject to final selections.

831 Hope Street, Prescott

$887,550

1083339 MLS

Exceptional Investment Opportunity! Own a versatile income-producing property featuring a commercial office building and a residential duplex on the same parcel. The commercial office building offers 13 private offices, a welcoming lobby and reception area, two conference rooms, and two restrooms. All offices and conference rooms are individually wired with CAT 5 and RG59 cabling for internet, television, and phone connectivity. Ample parking is available both in front of and behind the building. The office building is currently leased at $4,500 per month NNN. The residential duplex consists of two well-maintained 1-bedroom, 1-bath units, each offering 480 square feet of living space and private fenced backyards. Both units are currently rented at $1,000 per month, with tenants responsible for all utilities except water. Additionally, the property includes a 172-square-foot detached building that is separately heated and cooled, providing excellent flexibility for storage, a private office, or other uses. With multiple income streams, strong rental history, and flexible occupancy options, this is a rare opportunity for investors or owner-users seeking both commercial and residential revenue potential. Owner will carry with 25% down.

729 W Gurley Street, Prescott

$939,000

1083282 MLS

Opportunities to purchase a commercially zoned, nationally recognized historic property in Downtown Prescott are exceptionally rare. The Wilder House combines timeless architecture, modern updates, flexible BR zoning, and a premier location in one of Arizona's strongest tourism and lifestyle markets. Whether operated as a luxury hospitality asset, professional office, mixed-use investment, or iconic flagship business, the property offers investors both immediate income potential and long-term appreciation supported by its unique historical significance and walkable downtown setting

346 S Montezuma Street, Prescott

$3,286,000

1082558 MLS

Prime investment opportunity in the heart of Downtown Prescott. The Pillars, located at 320 S. Cortez Street, is a historic 17-unit multifamily property featuring 7 studio and 10 one-bedroom apartments in a highly desirable, walkable location near Courthouse Square, shopping, dining, entertainment and local events.The approximately 10,000 SF brick-and-concrete building sits on 0.34 acres and offers historic architectural character, with select units featuring original hardwood flooring. Several units have been updated, providing additional opportunity to renovate remaining units and enhance rental income.Property amenities include on-site coin-operated laundry, gated lower-level access, and private parking. Some units offer city and mountain views. The desirable unit mix established rental history and prime downtown location make this a compelling opportunity for investors seeking a well-positioned multifamily asset with value-add potential.17 Units | 7 Studios | 10 One-Bedrooms | Approx. 10,000 SF | 0.34 AcresFor additional information or to schedule a private showing, contact Michael Aldridge at 602-762-4830.This exceptional opportunity won't last long. Historical significance of the Pillars is outlined in the More... section. Title is being held open see private remarks.

320 S Cortez Street, Prescott

$699,000

1082378 MLS

Fully rented 3-unit investment property in the heart of Prescott offering immediate income potential. This centrally located multi-family property features two charming 2-bedroom, 1-bath units at 615 and 613, originally built in 1934, plus a separate 1-bedroom, 1-bath unit at 611 built in 1995. Convenient location close to downtown Prescott, shopping, dining, and local amenities. Excellent opportunity for investors seeking a stable income-producing property with a strong rental history.

615 W Hillside Avenue, Prescott

$318,500

1081809 MLS

Duplex occupied with tenants, two day notice for showings. Great multi-family or investment property, just a few blocks away from historic downtown Prescott AZ. These two units on one lot have been well maintained and have had many features upgraded. The back yards are separately fully fenced, and included with the sale of the duplex. Each unit is 574 square feet containing one bedroom and one full bath. Unit #116 has new flooring and new kitchen range. New roof installed 3 years ago. New interior paint in both units less than a year ago. Wall heaters in both units were replaced between 2-3 years old. A partial box of wood flooring to 116 will go with sale. Rent Right is the property manager who retains Maintenance Logs and tenant leases. The tenant in unit 116 has a lease until 10/5/2026. The tenant in unit 118 has a lease until 8/27/2026. Two parcels are included in the sale: the duplex is on one, and the backyard is on another. Both Parcel #109-04-074A and 109-04-077 to convey. Total size of the two parcels together is 0.1 acre, approx 4500'. Property sold AS-IS.

116 E Leroux Street, Prescott

$1,000,000

1081357 MLS

Excellent multi-unit investment property offering a rare chance to own prime income producing property bordering the Hassayampa golf course. Each unit features a 2 bedroom 2 bath designed for comfortable living with updated spacious layouts and functional floor plans. Just minutes from downtown, this property offers strong rental demand and excellent upside potential. Updates include new roof and facia, new front doors, fresh interior/exterior paint, drought tolerant landscape with drip system, new laundry center with dual full size stackable washer and dryers at no charge to tenants, new appliances, remodeled kitchen and baths, new laminate flooring, and new LED lighting throughout, all ensuring lower maintenance costs for new owner. With a solid rental history, whether you're expanding your portfolio or starting your real estate investment journey, this property offers stability, income, and future growth. Don't miss this exceptional opportunity.

338 Country Club Circle, Prescott

$460,000

1080781 MLS

RARE OPPORTUNITY...Two Charming Homes, One Special Property...Steps from the Square. Own two fully remodeled homes in the heart of Prescott on one lot; both operating as successful short-term rentals. The blend of original character and thoughtful modern updates make these homes truly special. The goal in updating these homes was to preserve their history while making each home fit for modern living. Renovations were completed by a local, licensed contractor and custom home builder. The major systems have been updated to today's standards including heating and cooling, plumbing, and electrical. Front home is 624 sq ft, 2 bed/1 bath. Back home is 396 sq ft, 1 bed/1 bath. Both are truly quaint and offer warmth and character. Live in one, rent the other -- or keep both income streams going. The parcel is zoned for Business General so the property offers great flexibility. Walk to shops, dining, live music, and everything downtown Prescott offers. This is an opportunity to become the next steward of two charming pieces of Prescott history, lovingly restored with respect for the past and ready for their next chapter.

720 W Gurley Street, Prescott

$1,285,250

7006567 MLS

One of a kind income property in beautiful downtown Prescott, just a stroll to the Historic Courthouse Square. Property listed on the Historic Register, original build being 1919, the 3rd unit being added in the 2002, but in-keeping with the flair of the original charming structure. Updated throughout, including plumbing & electrical. Operating as a successful medium term rental business (94% of occupancy in 2025 was 1-6 months leases) with financial reports showing consistent figures, available to qualified serious buyers. Three units total; The Cottage - 1400 sq ft, 2 bed/2 bath, single level with large, private courtyard for outside living. The Townhouse: 1100 sq ft, 2 bed/I.5 bath, 2 levels w personal yard space. The Terrace: 1100 sq ft, 2 bed/1 bath, upper unit with cozy, ... One of a kind income property in beautiful downtown Prescott, just a stroll to the Historic Courthouse Square. Property listed on the Historic Register, original build being 1919, the 3rd unit being added in the 2002, but in-keeping with the flair of the original charming structure. Updated throughout, including plumbing & electrical. Operating as a successful medium term rental business (94% of occupancy in 2025 was 1-6 months leases) with financial reports showing consistent figures, available to qualified serious buyers. Three units total; The Cottage - 1400 sq ft, 2 bed/2 bath, single level with large, private courtyard for outside living. The Townhouse: 1100 sq ft, 2 bed/I.5 bath, 2 levels w personal yard space. The Terrace: 1100 sq ft, 2 bed/1 bath, upper unit with cozy, north facing deck. All units fully furnished & equipped and have individual laundry facilities and climate control systems. Potential for owner occupancy and rent other two units. Each unit has their own character & personality, not to mention LOCATION LOCATION LOCATION. Paved parking in front on Union St, and additional street parking on Pleasant. Owner will carry with substantial down payment, inquire for additional terms. ALL UNITS CURRENTLY OCCUPIED. PLEASE respect tenants rights, do not disturb! In person showings only with accepted offer.

325 E Union Street, Prescott

$1,285,250

1080731 MLS

One of a kind income property in beautiful downtown Prescott, just a stroll to the Historic Courthouse Square. Property listed on the Historic Register, original build being 1919, the 3rd unit being added in the 2002, but in-keeping with the flair of the original charming structure. Updated throughout, including plumbing & electrical. Operating as a successful medium term rental business (94% of occupancy in 2025 was 1-6 months leases) with financial reports showing consistent figures, available to qualified serious buyers. Three units total; The Cottage - 1400 sq ft, 2 bed/2 bath, single level with large, private courtyard for outside living. The Townhouse: 1100 sq ft, 2 bed/I.5 bath, 2 levels w personal yard space. The Terrace: 1100 sq ft, 2 bed/1 bath, upper unit with cozy, north facing deck. All units fully furnished & equipped and have individual laundry facilities and climate control systems. Potential for owner occupancy and rent other two units. Each unit has their own character & personality, not to mention LOCATION LOCATION LOCATION. Paved parking in front on Union St, and additional street parking on Pleasant. Owner will carry with substantial down payment, inquire for additional terms. ALL UNITS CURRENTLY OCCUPIED. PLEASE respect tenants rights, do not disturb! In person showings only with accepted offer.

325 E Union Street, Prescott

$725,000

1080596 MLS

This unique 2 unit property is a fantastic investment opportunity just 5 minutes from downtown. It is ideal for multigenerational living, a group home, or living on one floor while renting out the others. Spanning 3 levels and 4,901 sq ft, it features 6 bedrooms & 4.5 baths, including 2 master suites & 2 full kitchens. Both large decks provide stunning views! The renovated lower level includes 2 modern bedrooms & 1 bath, large kitchen with stainless steel appliances & butcher block countertops, along with wrap-around deck. The main floor boasts a large kitchen, formal dining area, & beautiful covered balcony with 3 bedrooms and 2.5 baths. The third floor includes a second master suite along with a large flex room. Recent upgrades ; electrical, plumbing, septic & more.

847 Clubhouse Drive, Prescott

$669,999

1080410 MLS

Incredible opportunity! Would make for a great Owner occupied property with added rental income! Vacation Rental? Sure! In Town easy access to the square! Great tenants on month to month in fully renovated units! New to investment properties? - THIS IS the one!! Low turn over, easy to rent units. Live in the main house and rent the other two for income! The property also has COP approval!

609 E Goodwin Street, Prescott

$574,900

1080397 MLS

Fantastic investment opportunity! Two identical 2 bedroom, 1 bathroom homes, 667 square feet each. Walking distance to courthouse square and Whiskey Row! Great room with cathedral ceilings and Clerestory windows. Open, efficient kitchen and laundry. Elevated foundation provides storage and street view from the full length covered porch. Schedule your showing today!

509 1st Street, Prescott

$1,255,000

1080390 MLS

for MLS Comp purposes only

1001 Gail Gardner Way, Prescott

$550,000

1080196 MLS

An exceptional opportunity in Prescott offering four separate homes on one parcel, creating flexibility for investors, multi-generational living, or those seeking a private family compound close to downtown. Each residence has its own address, fenced yard, and dedicated parking, providing privacy and independence while still sharing a single property. The layout allows an owner to live in one home while renting the others for potential income, or create a unique multi-generational retreat where everyone enjoys their own private space. The property may also offer vacation rental potential (with upgrading) and the possibility of adding another unit (buyer to verify with the City).Located less than one mile from historic downtown Prescott and Whiskey Row, the property provides easy access to restaurants, shopping, entertainment, and local events while maintaining the charm and character that define old Prescott.All units are fully rented with excellent tenants on month-to-month leases, offering flexibility for a new owner. The property has a strong rental history, and residents would like to remain. All tenants have expressed interest in staying and are willing to sign one-year leases during the inspection period. For investors, the seller reports a net operating income of $45,530 after expenses, representing approximately a 7.6% cap rate. Seller currently pays HO insurance, flood insurance (less than $2,000 annually), and water, sewer, and trash. Two homes have newer roofs. Units 829 and 831 feature HVAC mini-split systems, and Unit 829 includes a tankless water heater.Please note that all units are currently occupied. Showings require a letter of intent and a minimum of 48 hours notice. Certainly some deferred maintenance that needs to be tackled, thus the great cap rate and as-is price of $600,000. Perfect for the 'just getting started' investor that is willing to build sweat equity while still earning a great return.

827 Lincoln Avenue, Prescott

$589,000

1080195 MLS

Tucked beneath mature trees on one spacious parcel, this fully rented property presents a rare chance to secure three income-producing residences in one location--perfect for investors seeking steady returns or buyers envisioning a private family compound. The property includes a 2016-built duplex and a charming 1954 single-family home, offering flexibility for long-term rentals, multi-generational living, or a blend of both.Set apart at the front of the lot, the standalone 1-bedroom, 1-bath home offers privacy and character, complete with a storage loft, a newly installed roof, and a fully fenced yard--an appealing option for tenants or extended family members who value their own space. The duplex features two well-designed units, each offering 2 bedrooms and 1 bathroom with modern finishes that attract quality tenants. Stained concrete floors, granite countertops, dishwashers, and full-sized pantries provide both style and durability, while washer and dryer hookups add everyday convenience. The property offers generous parking and sits in a convenient location close to downtown, medical facilities, shopping, and dining, helping ensure continued rental demand. Strong tenants are already in place, making this a true turnkey investment.The seller currently covers HO insurance, water, sewer, trash, and property taxes. Reported net operating income is $44,454, reflecting an approximate 7.4% cap rate.Please respect tenants' privacy--DO NOT DISTURB TENANTS. Showings require a minimum 48-hour notice and will only be scheduled with a Letter of Intent and/or Proof of Funds. An accepted offer is preferred prior to showings.The sellers also have another nearby property available and may consider a discount for buyers purchasing both. Please inquire about the additional listing at 827 Lincoln.

737 Dameron Drive, Prescott

$999,000

1080130 MLS

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.

622 Western Avenue, Prescott

$346,000

1079884 MLS

Great opportunity for renovated duplex in the heart of downtown Prescott, just a few blocks from the town square. The top unit is 2 bed, 2 bath, living room, laundry and an awesome covered deck to view the downtown area. Downstairs unit is 1 bed, 1 bath and totally remodeled, with a covered patio. There is a fully fenced yard for privacy and pet enclosure. All rooms have their own mini-splits, so you can zone heat or cool to save on electricity.Many possibilities, with the two units, live in one, rent the other, rent both for income or keep it all to yourself, you decide. These units so close to downtown don't come up very often, come check it out, you will be glad that you did, WELCOME HOME!

441 S Granite Street, Prescott

$625,000

1079630 MLS

Endless possibilities in this Immaculate home. Zoned Business General allowing for residential use and/or many commercial uses. Fabulous investment! Excellent Cap rate. Currently set up as 3 separate 1 bedroom units. Front Unit is rented for $1750 till October. Back unit is rented for $1700 till 6/7/26. Owner occupies other unit. 2 units could easily be combined for a large living area and keep one in-law suite/rental. Or have 3 rental units.NEW mini-splits 2021, NEW roof 2022, NEW water heater 2022, fresh exterior and interior paint and many more updates. Large 1 car garage with lots of storage space. Well maintained yard with raised bed growing options.Ideally will be sold furnished. The benefits of commercial and residential all rolled into one beautiful property. Buyer to verify use.*Property originally built in 1933 with 2 subsequent additions in 1983 and in 1990s.*

654 W Gurley Street, Prescott

$899,000

1079541 MLS

Rare opportunity in the heart of downtown Prescott. This charming multi-unit property offers historic character, modern updates, and immediate rental income.The front home (Unit A), 2 bedrooms and 2 bathrooms. Side unit (B) is fully remodeled and features 1 bedroom and 1 bathroom. This unit is rented at $1,200/month. The rear unit (Unit C), a 518 sq ft, 1-bedroom home built in 1939, is also tenant occupied, generating $2,000/month.

324 N Mount Vernon Avenue, Prescott

$270,000

1079518 MLS

Investor opportunity near Downtown Prescott. Two residences on one parcel with shared well. Front 1955 site-built 1 bed/1 bath home with wood floors and fenced yard, leased at $1,250/month recent vacant 2/1/26. Rear double-wide offers 3 beds/2 baths, leased at $1,650/month through 11/30/24 - currently month to month. Fixer upper dream with strong upside potential. Owner will carry with $100K down.

815 Dameron Drive, Prescott

$799,000

1079302 MLS

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.

Prescott

$750,000

1079143 MLS

Looking for a short/long-term investment property or a multi-family unit located Downtown PRESCOTT, this one is for you! This house sits on one of the most desirable streets in town, only a few blocks from all the best shopping and dining this Whiskey Row has to offer. The charming main houses is 3bed 2 bath and 1276 sqft. The two units in back each have their own kitchen/laundry and private covered parking. Unit A is a two-story, 2 bed/1.5 bath and 800 sqft. Unit B is 2 bed/ 1.5 bath and 700 sqft. They both have little fenced courtyards perfect for kids and pets. Check out this amazing out before it is gone!

331 N Mount Vernon Avenue, Prescott

$539,000

1078953 MLS

Located just walking distance from Downtown Prescott, Whiskey Row, YRMC Hospital, shopping, schools, and restaurants, this gorgeous upgraded 2-Unit farmhouse on approximately .24 acre offers the perfect blend of modern amenities and prime convenience. The main home features a brand new kitchen, granite countertops, new roof (2022), new flooring throughout, all brand new updated utilities with electrical panel, with your very own front entrance electric gate with keypad. The guesthouse boasts a full kitchen with quartz countertops, full bathroom with a walk-in shower, vaulted ceilings, 2 lofts, in unit washer and dryer, making it ideal for rental income or guest accommodations! You'll have plenty of storage with the boat deep 33foot garage, and turn the 1930's remodeled barn into your very own event space!

533 Dameron Drive, Prescott

$745,000

1078795 MLS

Here's your opportunity to own a piece of Prescott history! This charming 4-plex features lovely original details, wood floors, and the classic Prescott character buyers love. Ideally located close to downtown, this property offers excellent flexibility for investors--continue operating as long-term rentals, explore short-term rental potential (buyer to verify), or create a unique multi-generational living setup.The property is currently owner-managed and operating at an approximate 6.7% cap rate. Tenants are month-to-month and would like to remain, providing immediate income. With its prime location and multiple use options, this is a rare investment opportunity with strong upside.

121 N Willow Street, Prescott

$1,130,000

1078584 MLS

Exceptional Multi-Family Opportunity Near Downtown Prescott. Offered for the first time on the market, this rare four-plex is ideally located just moments from historic downtown Prescott, providing an outstanding opportunity for investors or owner-occupants alike. The property features four distinct floor plans constructed from 12 inch poured concrete walls, 4 inch thick concrete with steel web flooring girders. It includes a spacious owner's unit offering just over 1,600 square feet, perfect for comfortable on-site living while generating rental income from the remaining units with a beautiful covered temperature controlled Arizona room with west facing views. The four-plex presents an immediate income producing opportunity, with additional upside through light renovations and updates to further enhance value and long term returns, with a future elevator through a uniquely design shaft already on site. Situated on an oversized lot, the property has exterior covered parking, paved road and alley access, a fenced in garden area, along with a motorhome pad with full hookups available. The property also offers significant future potential, as current zoning allows for the expansion of an additional multi-family building, making this a compelling value add or development play. With its prime proximity to downtown amenities, dining, and entertainment, and opportunities like this rarely coming available, this is a truly special Prescott investment property that blends location, income, and future growth potential.

520 S Cortez Street, Prescott

$525,000

6959120 MLS

Are you searching for a rare investment opportunity in the heart of Prescott with income in place and room to grow? This truly unique property offers three separate income-producing units with the potential for future expansion. The front main house features two bedrooms and one bathroom and has been updated with a newer roof, electrical, plumbing, and gutters. The middle unit offers a charming layout with a loft bedroom, while the rear unit is a park model, also featuring a loft. All three units are currently leased to tenants who would love to remain, providing immediate rental income, and each unit enjoys its own fenced yard—perfect for pets. The property also includes a goat shed currently used for storage and an older capped well with no additional information available. With space and potential to add additional units, this is a versatile property with exciting possibilities. Buyer to verify all information. Please do not disturb the tenants

542 Dameron Drive, Prescott

$394,750

1077555 MLS

Turn-key duplex in the heart of Prescott with built-in income and modern appeal! One unit has been fully renovated top to bottom--featuring durable LVP flooring, sleek quartz counters, and stainless-steel appliances--Both units are already leased, offering consistent returns from day one. Property has plenty of parking with detached 2 car garage, rear parking spaces as well as off street parking.

1209 Stetson Road, Prescott

$432,750

1077552 MLS

Welcome to this fully updated duplex in the heart of Prescott offering versatile investment potential--live in one unit and rent the other, hold long-term, or mix Airbnb and traditional income for maximum returns. This beautifully updated property boasts an array of modern upgrades, making it a true standout in the market. Each unit has been meticulously renovated, featuring new luxury vinyl plank (LVP) flooring throughout for a sleek and durable finish. Fresh interior and exterior paint give the property a crisp, inviting look. The kitchens are a dream with white shaker cabinets and stunning quartz countertops, stainless steel appliances perfect for cooking and entertaining. All bathrooms have been thoughtfully updated with contemporary tile shower and tub surrounds. This is a true turn key investment with its modern finishes, prime location, and low maintenance design, it's an opportunity you won't want to miss.

1213 Stetson Road, Prescott

$510,000

1077379 MLS

1258 N Lois Drive, Prescott

$365,000

1077367 MLS

Great investment opportunity in Prescott! A recently renovated side by side duplex, close to all the best dining and shopping Whiskey Row has to offer. One studio unit and one 1 bedroom/1 bathroom unit. Private patios for each with mature vegetation. Shared laundry in the back. Plenty of parking for both unites on each side of units. Potential for turning into a single family home or live on one side and rent out the other! So many options for this great property.

417 Comfort Avenue, Prescott

$487,000

1077281 MLS

Excellent opportunity to own this great duplex with an incredibly convenient location to downtown, businesses, shopping and easy walking distance to the courthouse square to boot! Both units have a great rental history and are currently leased. The property is in excellent condition. Each unit has two bedrooms and one full bath with ample off street parking. Both units share a common laundry facility. Tenants pay all utilities. Roof was replaced in 2024. Come take a look at this duplex that's located in a nice neighborhood!

202 Robinson Drive, Prescott

$500,000

1077154 MLS

Triplex in a highly rentable location situated in the desirable Prescott Dells area stands out as a reliable income-producing asset. Favored by renters for its unbeatable location, this historic rock building boasts a long track record of zero vacancies--an investor's dream for stable, predictable cash flow. Each of the three units has been attractively updated over the years, offering modern comforts while preserving the property's vintage charm. The updates ensure low maintenance needs and continued tenant satisfaction, further minimizing potential turnover. Two units are currently occupied, with lease renewals scheduled within the next 30-60 days--providing immediate revenue and easy opportunities to adjust rents to current market rates. This is your chance to own a proven investment property in one of the most sought-after areas for rental demand in Prescott. .

3250 N State Route 89, Prescott

$440,000

1077117 MLS

Amazing investment opportunity! In the heart of DT Prescott, just a short walk to all the best shopping and dining Whiskey Row has to offer! This is a fully renovated duplex, new mini splits for both units and brand new roof. Front house is a 1/1 and the back studio unit is already completely set up as a trendy airbnb! You could live in the front house and airbnb the back unit for extra cash flow. Both yards are fully fenced and separate as well as separate laundry. A truly unique opportunity you won't want to miss out on.

112 E Aubrey Street, Prescott

$825,000

6920318 MLS

Beautifully renovated fourplex in the heart of Prescott. Four 2BR/1BA units, each with updated kitchens, baths, flooring, fixtures, blinds, appliances, water heaters, Low-E windows, and paint. Owners have invested over 100k in upgrades, including new roof (2024), porcelain plank tile in some units, added pantries and cabinetry. Culvert systems, waterproofing, and reconfigured entry for proper drainage. All units include refrigerators and washer/dryers. Concrete parking front and back for 7 vehicles; each unit has a fenced patio. Walking distance to parks, groceries, hospital, Yavapai College, Whiskey Row, and Courthouse Plaza. Turnkey with strong rentability—ideal for investors or house hackers: live in one unit and let tenants pay the mortgage.

828 Lincoln Avenue, Prescott

$825,000

1076478 MLS

Beautifully renovated fourplex in the heart of Prescott. Four 2BR/1BA units, each with updated kitchens, baths, flooring, fixtures, blinds, appliances, water heaters, Low-E windows, and paint. Owners have invested over 100k in upgrades, including new roof (2024), porcelain plank tile in some units, added pantries and cabinetry. Culvert systems, waterproofing, and reconfigured entry for proper drainage. All units include refrigerators and washer/dryers. Concrete parking front and back for 7 vehicles; each unit has a fenced patio. Walking distance to parks, groceries, hospital, Yavapai College, Whiskey Row, and Courthouse Plaza. Turnkey with strong rentability--ideal for investors or house hackers: live in one unit and let tenants pay the mortgage.

828 Lincoln Avenue, Prescott

$1,250,000

1076023 MLS

An outstanding opportunity for a vacation rental business or long-term leases is now available for sale in Downtown Prescott, within walking distance of Courthouse Square. This building currently operates with 5 long-term lease units and 3 vacation units (hosted on Airbnb), with no limitations for a new buyer to convert all units to vacation rentals or long-term rentals, dependent on Buyer's management preference. A major renovation in 2020 included: all-new electrical, upgraded HVAC systems, new central hot water, and a full interior upgrade. Vacation units are fully furnished, functional, and turnkey-ready to continue operating. Each unit is individually metered. On-site coin-operated laundry facilities add convenience for guests and tenants.

215 E Willis Street, Prescott

$1,300,000

1075746 MLS

Rare Downtown Prescott Apartment Opportunity - Fully Remodeled 8-Unit BuildingNow available--an exceptionally rare find in the heart of downtown Prescott! This eight-unit residential apartment building offers a prime location just three blocks from the historic Courthouse Square, restaurants, shops, and all the charm of downtown living.Every apartment has been thoughtfully remodeled with updated flooring, modern kitchenette spaces, and upgraded windows to bring in abundant natural light. The property also includes a fully remodeled basement apartment for added versatility. Residents enjoy the convenience of an on-site coin-operated laundry facility with brand-new machines (two washers and two dryers).With its combination of modern updates and unbeatable location, this property is ideal for investors or those looking to own a piece of Prescott's limited downtown residential market. Title is being held open see private remarks.

223 E Willis Street, Prescott

$715,000

1074529 MLS

Historic Downtown Prescott Duplex - Fully Renovated. A rare opportunity just 2 blocks from the iconic downtown square, this charming historical duplex sits on the quiet, tree-lined street of North Pleasant. Originally built circa 1880 and listed on the National Register of Historic Places, this home has been fully restored with modern upgrades while preserving its timeless character. 2 units, each with 1 bedroom and 1 bath. Recent upgrades include a new roof (2021), fresh exterior paint, and fully remodeled interior. Each unit offers a fully stocked kitchen with full size appliances and unit B offers a full size washer/dryer. Unit A has the original footed bathtub. Hard wood floors. Landscaped front/back. Fully fenced. 5 year history of a 5 star Airbnb rating. Owner/Agent.

136 N Pleasant Street, Prescott

$510,000

1073995 MLS

Built in 1877, the Otis house is a treasured example of everything historic & charming about Prescott. This lovely, Victorian ''lady'' is one of the oldest homes in Prescott & presents like a true period piece complete w/sitting room, parlor, staircase up to bedrooms, inviting front porch, gingerbread accents, & original windows. Additions made over the years incl. back kitchen, main floor bath w/laundry, & an attached 2 bed/1 bath apt. w/separate access and garage. There's magical outdoor space for secret gardens & just a few minute walk to downtown. Be gentle as this home is original & priced to reflect the love & labor that she is deserving of. Absolutely no repairs or credits will be entertained. This is the perfect opportunity to invest in a historical, downtown Prescott home.

113 N Pleasant Street, Prescott

$350,000

1073592 MLS

Triplex near historic downtown Prescott, AZ. Hello passive rental income! Currently zoned BR, allowing for a wide range of uses. New roof 2023, new water heaters 2021 but the entire property needs work inside and out. Front building has original 1904 period details like archways and built-ins, leased most recently for $1250 per month. Two attached studio apartments have provided steady income and leased for $1000 and $1100. The .14 acre lot includes 4-5 parking spaces accessed off N Arizona. Close to Courthouse Square's shops, restaurants, bars and special events, parks, Dignity Health, Yavapai College, Prescott College, VA campus, public and charter schools, and National Forest trails for hiking and biking.

234 N Arizona Avenue, Prescott

$530,000

1072200 MLS

Two adjacent downtown Prescott parcels (.17acres/each) zoned multi-family medium density with remodeled existing duplex. Close to the Courthouse Plaza. Potential to build multi-dwelling income properties (1 triplex on each parcel) Buyer to confirm with City. Current duplex is 1bd/1ba each unit bringing $1500 rent/monthly per unit. Being Sold Furnished w/all appliances including front loader washer-dryers. Alley access with plenty of parking. Includes 2 storage sheds. Owner pays all utilities including water/sewer/trash/gas/electric. Gas & Electric are separately metered. Sold AS IS. DO NOT DISTURB TENANTS. Sale includes both APN 109-03-082C & 109-03-082D (Addresses are 410, 412, 414, 416 S Cortez.)

410 S Cortez Street, Prescott

$1,175,000

1071421 MLS

This unique 5-plex offers a rare combination of convenience, charm, and functionality. Comprising a tri-plex and duplex, it is ideally located close to downtown Prescott and nearby shopping, while surrounded by beautiful pine trees and stunning views. The property is thoughtfully designed, with each unit featuring separate addresses and meters for added independence. Additional highlights include carports for easy parking, cozy fireplaces or wood stoves, and in-unit washers and dryers, making this property both practical and inviting for tenants.

734 S Montezuma Street, Prescott

$650,000

6830838 MLS

4-plex and detached cottage in prime location near Prescott Courthouse priced to sell! All 5 units are 1 bedroom, 1 bathroom and have a strong occupancy history. The 4 plex needs to be remodeled to maximize rents and future value. Sizable storage building in backyard. Cottage has been remodeled. View this opportunity soon!! **Please also view the listing next door at 204 Summit online**

208 S Summit Avenue, Prescott

$3,972,000

6830619 MLS

Incredible investment opportunity, cul-de-sac location with low turnover. Fully rented 20 unit apartment complex for sale in Downtown Prescott! Great location close to Whiskey Row, shopping, restaurants and schools! This apartment complex includes 5, 3,584 sf buildings which house 4 apartments each, for a total of 20 units. Each apartment is 896 sf, with 2 bedrooms, 2 baths, fireplace, laundry room with w/d hookups, patio and one assigned parking spot each. RUBS utilized, tenants pay $40 a month toward water, sewer, trash. Electricity and gas are individually metered. For rental info per unit, please see attached documents. All 5 roofs have been replaced for approx $80,000. Rare opportunity, units are in great condition. Opportunity for Pro Forma rents!

799 Sanctuary Road, Prescott

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