Two-Unit Duplex with Detached
For Sale
$650,000
140 Garden St, Prescott, AZ 86305
The two residences offer separate kitchens and laundry, with a detached garage and landscaped, fenced grounds.
Property Size1,892 SF
Lot Size0.17 Acres
Price / SF$343.55
Days on Market10
Property Features for 140 Garden St
General Information
Standard status
Active
Size
1,892 SF
Lot size
0.17 Acres
Property subtype
Multi-Family
Zoning
MF-H
Site & Location
Road Access
Yes
Utilities to Site
Yes
Units
Unit Mix
1 x 3BR, 1 x 2BR
Multifamily Units
2
Additional Details
Tenant in Place
Yes
Amenities
covered front porch
wrought iron fencing
low stone walls
mature shade trees
fenced lot
off-street parking
detached garage
in-unit laundry
Building Details
Year Built
1930
Construction
cottage-style
Tenancy
Single
Listing Agency:
eXp Realty
Listed By:
Geoffrey Hyland · License #SA561564000
(928) 445-2100
Source:
Searchprescotthouses
Added: Oct 19
Changed: Oct 26
Last Checked: Oct 28 at 8:22AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of eXp Realty
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Investment Insights
Based on property information with market context.
This 1,892-square-foot duplex on a 0.17-acre lot contains a three-bedroom, one-bath front home and a separate two-bedroom, one-bath rear residence. The front home, built in 1930, features hardwood flooring, a family room with built-in shelving and cabinetry, and a kitchen with a gas range, microwave, and dishwasher. The rear unit has its own kitchen, living area with a gas stove, and in-unit laundry. Seventeen replacement windows were installed in 2023.
The property is zoned MF-H and includes a fenced lot with landscaping, off-street parking, and a detached one-car garage. It is located at 140 Garden St in Prescott, within walking distance of downtown and Courthouse Square. The rear residence is leased through February 2027.
The property is zoned MF-H and includes a fenced lot with landscaping, off-street parking, and a detached one-car garage. It is located at 140 Garden St in Prescott, within walking distance of downtown and Courthouse Square. The rear residence is leased through February 2027.
Key Highlights
- Two residences: a three‑bedroom front home and a two‑bedroom rear unit
- 1,892 square feet on a 0.17‑acre lot
- MF‑H zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,662
Cap Rate
3.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$433,240
$433.2K
Cap Rate 7%
$309,457
$309.5K
Cap Rate 9%
$240,689
$240.7K
Market Conditions
NOI Build-Up for 1,892 SF
Gross rent
$32.9K $17.40/SF
− Vacancy
−$2.0K −$1.04/SF
EGI
$30.9K $16.36/SF
− OpEx
−$9.3K −$4.91/SF
NOI
$21.7K $11.45/SF
Area
Yavapai County, AZ
Vacancy
6.00%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$433,240
Cap Rate 7%
$309,457
Cap Rate 9%
$240,689
Alternative Uses
Best Use
Multifamily LT 5
$309.5K
$270.8K – $361.0K
NOI $21,662 @ 7.0% cap · market cap 3.33%
Second Best
Apartment 5plus
$288.1K
$252.1K – $336.1K
NOI $20,167 @ 7.0% cap · market cap 3.10%
Theoretical Best
Warehouse
$633.8K
$554.6K – $739.5K
NOI $44,367 @ 7.0% cap · market cap 6.83%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Single-tenant
Tenancy
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2,381
Businesses Nearby
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Business Placement
Demographics for 86305, AZ
19,555
Population
10,920
Households
1.8
Avg Household Size
62
Median Age
47%
College-Educated
97%
High-School Grad
588.5 sq mi
ZIP Area
33
Density / Sq Mi
$78,802
Median Household Income
$37,630
Median Earnings
$1,132
Median Rent
$627,100
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - The two residences offer separate kitchens and laundry, with a detached garage and landscaped, fenced grounds.
Where is this duplex located?
The property is located at 140 Garden St Prescott, AZ.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Two residences: a three‑bedroom front home and a two‑bedroom rear unit; 1,892 square feet on a 0.17‑acre lot; MF‑H zoning
