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    827 Lincoln Ave Prescott, AZ 86301

    View on Map
    Sponsored
    For Sale
    $699,000

    MULTI_FAMILY - Prescott, AZ

    Lot size:
    0.36 Acres
    Days on Market:
    1
    Last Refresh:
    Mar 12 at 12:06 pm

    Property Features for 827 Lincoln Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    MF-M
    Rooms
    Bathroom 3, Bedroom 4, Bathroom 5, Bedroom 1, Bathroom 6, Bedroom 7, Bedroom 6, Bathroom 2, Bedroom 2, Bathroom 4, Bathroom 1, Bedroom 3, Bedroom 5
    Bedrooms
    7
    Bathrooms
    6
    APN
    8
    Exterior features
    Fence, Balcony
    Fencing
    Fenced
    Lot size
    0.36 Acres

    Utilities

    Utilities
    Cable Available
    Heating system
    Electric (Heating), Natural Gas, Wall Furnace
    Cooling system
    Central Air, Ceiling Fan(s)
    Water source
    Public

    Building Details

    Year built
    1954
    Floors in Building
    1
    Number of units
    4
    Flooring type
    Carpet, Wood, Tile
    Building materials
    Frame
    Roof type
    Asphalt

    We can help!

    Listing Contact
    Geoffrey R Hyland PLLC

    eXp Realty- Prescott (602) 809-8853

    Listing agent Geoffrey Hyland (928) 237-4425

    Listing date Mar 12, 2026

    MLS# 1080196

    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.

    Learn more

    Property Insight Report

    Overview

    Four Homes in Prescott

    This property in Prescott features four separate homes on a single parcel, suitable for investors, multi-generational living, or a private family compound. Each residence has its own address, fenced yard, and dedicated parking. The layout allows for owner occupancy with rental income from the other units, or a multi-generational retreat. Vacation rental potential and the possibility of adding another unit may exist, pending city verification. Located less than one mile from downtown Prescott and Whiskey Row, the property offers access to restaurants, shopping, entertainment, and local events. All units are fully rented with tenants on month-to-month leases. The property has a strong rental history, and tenants are interested in staying and signing one-year leases. Each home has its own address. The seller reports a net operating income of $45,530 after expenses, representing approximately a 6.5% cap rate. The seller currently covers HO insurance, flood insurance (less than $2,000 annually), and water, sewer, and trash. An extensive remodel was completed in January 2018, including new windows, siding, interior and exterior paint, flooring, updated kitchens and bathrooms, and other improvements. Two homes have newer roofs. Units 829 and 831 feature HVAC mini-split systems, and Unit 829 includes a tankless water heater. The lot size is 0.36 acres. The zoning is MF-M. The property is located at 827 Lincoln Avenue, Prescott, AZ 86301.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Prescott
    County
    Yavapai
    State
    Arizona
    Longitude
    -112.474264
    Latitude
    34.556022

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    FAQs

    What type of property is this?
    Quadplex - Four homes on one parcel near downtown Prescott, Arizona.
    Where is this quadplex located?
    The property is located at 827 Lincoln Ave Prescott, AZ.
    What is the asking price?
    The asking price for this property is $699,000.
    What are key features of this property?
    This property features: - High Income Potential: Enjoy a $45,530 net operating income with a 6.5% cap rate.; - Four Separate Homes: Ideal for investors, multi-generational living, or creating a private family compound.; - Prime Location: Situated less than one mile from historic downtown Prescott and Whiskey Row.
    (928) 237-4425
    Request Owner's contact information
    827 Lincoln Ave Prescott, AZ 86301
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    Prescott, AZ 86301
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    827 Lincoln Ave Prescott, AZ 86301
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    We can help!
    Listing Contact
    Geoffrey R Hyland PLLC
    Real Estate License ID: SA561564000
    (928) 237-4425 (928) 445-2100
    Learn more
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