1939 Duplex Income
315 Garden Street Prescott, AZ 86305
For Sale
Under Contract
$399,900
MULTI_FAMILY - Prescott, AZ
Property Size1,022 SF
Lot Size0.17 Acres
Price / SF$391.29
Days on Market71
Property Features for 315 Garden Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
MF-H
Bedrooms
2
Bathrooms
2
Rooms
Bedroom 1, Bedroom 2, Bathroom 1, Bathroom 2
Exterior features
Storage
Standard status
Active Under Contract
APN
20
Lot size
0.17 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
MURPHYS 5TH SUB LOT 20 BLK 5
Tax Annual Amount
675
Utilities
Utilities
Cable Available
Heating system
Natural Gas, Wall Furnace
Cooling system
Ceiling Fan(s)
Water source
Public
Building Details
Year built
1939
Floors in Building
1
Number of units
2
Flooring type
Vinyl, Carpet, Tile
Building materials
Frame
Roof type
Asphalt
Additional Structures
Storage
Listing Agency:
Realty Executives Arizona Territory
(928) 777-0257
Listed By:
Shelley L Baker · License #SA647835000
(928) 778-5790
Added: May 21
Changed: Jul 30
Last Checked: Jul 30 at 6:06AM
MLS# 1082217
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 well-maintained 1939 duplex offers two move-in ready units on a level lot. Unit A includes a front porch, full kitchen, one bedroom, a versatile bonus room with a half bath, and a dedicated laundry room. Unit B features a full kitchen, one bedroom, a 3/4 bath, a gas fireplace, and stackable washer/dryer in-unit.
The property includes three on-site storage sheds and plenty of on-site parking. It is located steps from Prescott College and within a short walk to shops, restaurants, and historic downtown Prescott.
The duplex is situated on approximately 0.17 acres, providing a straightforward residential income configuration with separate unit layouts and practical in-unit and on-site amenities.
The property includes three on-site storage sheds and plenty of on-site parking. It is located steps from Prescott College and within a short walk to shops, restaurants, and historic downtown Prescott.
The duplex is situated on approximately 0.17 acres, providing a straightforward residential income configuration with separate unit layouts and practical in-unit and on-site amenities.
Key Highlights
- 1939 frame duplex with asphalt roof, public water, and cable available
- Unit A: 590 sq ft with front porch, full kitchen, 1 bedroom, bonus room with half bath, and dedicated laundry room
- Unit B: 432 sq ft with full kitchen, 1 bedroom, gas fireplace, 3/4 bath, and in‑unit stackable washer/dryer
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $17.8k | $17.40 |
| − Vacancy | −$1.1k | −$1.04 |
| EGI | $16.7k | $16.36 |
| − OpEx | −$5.0k | −$4.91 |
| NOI | $11.7k | $11.45 |
1,022 SF · lease $17.40/SF/yr · vacancy 6.00% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$167.2K
$146.3K – $195.0K
NOI $11,701 @ 7.0% cap · market cap 2.93%
Second Best
Apartment 5plus
$155.6K
$136.2K – $181.6K
NOI $10,893 @ 7.0% cap · market cap 2.72%
Theoretical Best
Warehouse
$342.4K
$299.6K – $399.4K
NOI $23,966 @ 7.0% cap · market cap 5.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Well-maintained 1939 duplex with two move-in ready units, dedicated laundry, and multiple on-site storage sheds.
Where is this duplex located?
The property is located at 315 Garden Street Prescott, AZ.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: 1939 frame duplex with asphalt roof, public water, and cable available; Unit A: 590 sq ft with front porch, full kitchen, 1 bedroom, bonus room with half bath, and dedicated laundry room; Unit B: 432 sq ft with full kitchen, 1 bedroom, gas fireplace, 3/4 bath, and in‑unit stackable washer/dryer
