Prescott Multifamily Investment
214 N Arizona Avenue, Prescott, AZ 86301
MULTI_FAMILY - Prescott, AZ
Property size:
11,600 SFLot size:
0.64 AcresPrice / SF:
$323/SF- Added:
- Feb 24, 2026
- Days on Market:
- 99
- Last Refresh:
- Jun 3 at 5:06 am
Property Features for 214 N Arizona Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- MF-M
- Exterior features
- Handicap Access
- Accessibility
- Accessible Approach with Ramp
- Standard status
- Active
- APN
- Multi
- Size
- 11,600 SF
- Lot size
- 0.64 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- Parcel 114-04-011 - Lots 9 and 11, Block 17, Joslin-Whipple SubdivisionParcel 114-04-012 - Lot 13 and the South 5 feet of lot 11, Block 17, of Whipple HeightsParcel 114-04-018 - The East 50 feet of Lots 18 and 20, Block 17, Whipple Heights
- Tax Annual Amount
- 6330
Utilities
- Utilities
- Natural Gas Available
- Heating system
- Heat Pump (Heating), Electric (Heating), Natural Gas
- Cooling system
- Evaporative Cooling, Heat Pump, Ceiling Fan(s), Central Air
- Water source
- Public
Building Details
- Year built
- 1992
- Number of units
- 12
- Flooring type
- Laminate, Carpet, Tile
- Building materials
- Frame
- Roof type
- Asphalt
Listing agent Nick Malouff License #SA670765000 (928) 925-2023
Listing office Commercial Advisors of Prescott 325 W Gurley Ste. 104, Prescott, AZ (928) 925-2023
Listing date Feb 24, 2026
MLS# 1079801
Listing URL
Copyright © 2026 Prescott Area Association of Realtors®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Fully leased 12‑unit + office multifamily portfolio in Downtown Prescott on 3 parcels totaling +/-0.64 acres
- +/-11,600 SF of improvements built in 1992
- 100% leased to a licensed treatment operator under a modified NNN lease structure; tenant reimburses operating expenses and pays property taxes
- Current rent is $20,800/month with 4% increases upon renewal; $249,600 annual income post‑renewal
- Zoned MF‑M with long‑term flexibility for continued multifamily use or redevelopment
- Offered at $3,750,000 (~6.66% cap on post‑renewal income)
Overview
This offering features a fully leased 12-unit plus office multifamily portfolio located in Downtown Prescott. The property consists of three parcels totaling approximately 0.64 acres, with approximately 11,600 square feet of improvements. The property is 100% leased to a licensed treatment operator under a modified NNN lease structure. The current rent is $20,800 per month, with a 4% increase upon renewal, producing $249,600 in annual income post-renewal. The tenant reimburses operating expenses and pays property taxes directly. Zoned MF-M, the property offers long-term flexibility for continued multifamily use or redevelopment. This presents a stabilized investment opportunity in a supply-constrained downtown submarket.
Location Intelligence
Current Use by Public Records
Sex Addiction & Drug/Alcohol ...
Medical Clinic
Location Insight
- Map
- Local Demand
- City
- Prescott
- County
- Yavapai
- State
- Arizona
- Longitude
- -112.459653
- Latitude
- 34.544583
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Fully leased 12-unit multifamily portfolio in downtown Prescott.
Where is this apartment building located?
The property is located at 214 N Arizona Avenue Prescott, AZ.
What is the asking price?
The asking price for this property is $3,750,000.
What are key features of this property?
This property features: Fully leased 12‑unit + office multifamily portfolio in Downtown Prescott on 3 parcels totaling +/-0.64 acres; +/-11,600 SF of improvements built in 1992; 100% leased to a licensed treatment operator under a modified NNN lease structure; tenant reimburses operating expenses and pays property taxes
