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Prescott
$749,900
1085181 MLS
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

551 Gail Gardner Way, 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

117 W Aubrey Street, 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

314 S Virginia 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

747 & 749 Paul Drive, 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

831 Hope Street, 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

729 W Gurley 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

320 S Cortez 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

116 E Leroux Street, 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

338 Country Club Circle, 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

720 W Gurley Street, 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

325 E Union 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

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

847 Clubhouse Drive, 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

827 Lincoln Avenue, 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

737 Dameron Drive, 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

622 Western Avenue, 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

654 W Gurley 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

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

533 Dameron Drive, 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

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