Two-Structure Residential Income
747 & 749 Paul Drive Prescott, AZ 86303
New
747 & 749 Paul Drive, Prescott, AZ, 86303
$624,900
For Sale
$624,900
MULTI_FAMILY - Prescott, AZ
Property Size2,601 SF
Lot Size0.87 Acres
Price / SF$240.25
Days on Market2
Property Features for 747 & 749 Paul Drive
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R1
- Bedrooms
- 4
- Bathrooms
- 4
- Rooms
- Bedroom 1, Bathroom 1, Bedroom 4, Bedroom 3, Bathroom 4, Bathroom 2, Bedroom 2, Bathroom 3
- Exterior features
- Fence
- Fencing
- Fenced
- Standard status
- Active
- APN
- 5 & 6
- Lot size
- 0.87 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- PINE KNOLL EST UNIT 4 LOT 5 & 6 BLK D & A TRI PCL LYNG IN THE S 2 OF LOT 7 BLK D
- Tax Annual Amount
- 2372
Utilities
- Utilities
- Electricity Available
- Heating system
- Electric (Heating)
- Cooling system
- Ceiling Fan(s), Evaporative Cooling
- Water source
- Public
Building Details
- Year built
- 1951
- Floors in Building
- 1
- Number of units
- 3
- Flooring type
- Tile, Wood, Laminate
- Building materials
- Frame
- Roof type
- Asphalt
Listing Agency
Realty ONE Group Mountain Desert
(928) 440-2522
100 E Sheldon Street Suite 200, Prescott, AZ
Listed by
Marthea Jaffe
(702) 885-7756
Added: Jul 17 Checked: Jul 18 at 6:06 pm
MLS# 1083729
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.
Investment Insights
Based on property information with market context.
This residential income property includes two structures on a single parcel. The main home offers 2 bedrooms and 2 bathrooms, and the additional structure is a duplex with two 1-bedroom, 1-bath units.
The property is located in Prescott, Arizona, with an address of 747 & 749 Paul Drive. Public remarks indicate the parcel is approximately 0.87 acres and has no HOA, with the Downtown Prescott area described as about 2 miles away.
If you’re looking for a multi-generational or owner-occupant setup, the configuration provides a separate main home alongside the two-unit duplex under the same ownership. Outdoor space is available on nearly one acre for everyday use.
The property is located in Prescott, Arizona, with an address of 747 & 749 Paul Drive. Public remarks indicate the parcel is approximately 0.87 acres and has no HOA, with the Downtown Prescott area described as about 2 miles away.
If you’re looking for a multi-generational or owner-occupant setup, the configuration provides a separate main home alongside the two-unit duplex under the same ownership. Outdoor space is available on nearly one acre for everyday use.
Key Highlights
- Two structures on a single parcel: main home plus duplex, creating three separate living areas
- Main home: 2 bed/2 bath, 1,344 SF
- Duplex: (2) 1 bed/1 bath units, 625 SF each (2 total units)
Local 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 | $45.3k | $17.40 |
| − Vacancy | −$2.7k | −$1.04 |
| EGI | $42.5k | $16.36 |
| − OpEx | −$12.8k | −$4.91 |
| NOI | $29.8k | $11.45 |
2,601 SF · lease $17.40/SF/yr · vacancy 6.00% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$425.4K
$372.2K – $496.3K
NOI $29,779 @ 7.0% cap · market cap 4.77%
Second Best
Apartment 5plus
$396.1K
$346.6K – $462.1K
NOI $27,724 @ 7.0% cap · market cap 4.44%
Theoretical Best
Warehouse
$871.3K
$762.4K – $1.02M
NOI $60,993 @ 7.0% cap · market cap 9.76%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Single family properties
Similar For Sale Nearby
FAQs
What type of property is this?
Single family property - Two separate structures on one parcel offer three living areas, including a 2 bed/2 bath home and two 1 bed/1 bath units.
Where is this single family property located?
The property is located at 747 & 749 Paul Drive Prescott, AZ.
What is the asking price?
The asking price for this property is $624,900.
What are key features of this property?
This property features: Two structures on a single parcel: main home plus duplex, creating three separate living areas; Main home: 2 bed/2 bath, 1,344 SF; Duplex: (2) 1 bed/1 bath units, 625 SF each (2 total units)
