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8-Unit Apartment Building
For Sale
$1,100,000
Pending

314 S Virginia Street, Prescott, AZ 86303

Residential Income, Prescott, AZ

Property SizeContact for details
Lot Size0.17 Acres
Days on Market54

Property Features for 314 S Virginia Street

General Information

Property type Residential Multi Family
Property subtype Other
Zoning MF-M
Bedrooms 3
Bathrooms 3
Rooms Bedroom 3, Bathroom 3, Bedroom 1, Bathroom 2, Bedroom 2, Bathroom 1
Exterior features Laundry Facilities
Directions Gurley to South on Virginia to property on right. Corner of Virginia and
Standard status Pending
APN 9
Lot size 0.17 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description BASHFORD TRACT BLK 2 LOT 9 CONT .17AC
Tax Annual Amount 1277
Legal Description BASHFORD TRACT BLK 2 LOT 9 CONT .17AC

Utilities

Utilities Natural Gas Available
Heating system Baseboard
Cooling system Ceiling Fan(s)
Water source Public

Building Details

Year built 1980
Floors in Building 2
Number of units 8
Flooring type Vinyl, Carpet
Building materials Frame
Roof type Asphalt
Listing Agency: Invest Southwest
Listed By: Sandra F Shaffer · License #BR102761000
Added: Aug 1 Changed: Sep 14 Last Checked: Sep 23 at 3:06AM
MLS# 1084217

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.

Investment Insights

Based on property information with market context.

This 8-unit apartment property was built in 1980 on a 0.17-acre lot. The building has frame construction, an asphalt roof, carpet and vinyl flooring, baseboard heating, and ceiling fan cooling. On-site laundry facilities support the apartment configuration, while public water and natural gas availability serve the property.

Located at 314 S Virginia Street in Prescott, the property is near Courthouse Plaza and downtown restaurants, boutiques, entertainment, and employment centers. MF-M zoning and the established apartment layout define the property's current multifamily use.

Key Highlights

  • 8‑unit apartment property on a 0.17‑acre lot
  • Built in 1980 with frame construction and an asphalt roof
  • MF‑M zoning supports the multifamily property classification

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Locksmith (Bike/Boat/Book/etc) Store Butcher Pet Grooming Service Parking Lot & Garage Barber Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

8
Residential units

Location Intelligence

Trade Area within ½ mile

2,519
Businesses Nearby

Demographics for 86303, AZ

18,201
Population
12,255
Households
1.5
Avg Household Size
61
Median Age
41%
College-Educated
96%
High-School Grad
107.2 sq mi
ZIP Area
170
Density / Sq Mi
$68,656
Median Household Income
$44,428
Median Earnings
$1,309
Median Rent
$502,400
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Multifamily property with on-site laundry facilities and MF-M zoning in Prescott.
Where is this apartment building located?
The property is located at 314 S Virginia Street Prescott, AZ.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 8‑unit apartment property on a 0.17‑acre lot; Built in 1980 with frame construction and an asphalt roof; MF‑M zoning supports the multifamily property classification
More about this property
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