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Fourplex with Private Garages
New
For Sale
$829,000

2809 N Superstition Lane, Prescott Valley, AZ 86314

Residential Income, Prescott Valley, AZ

Property Size4,021 SF
Lot Size0.39 Acres
Price / SF$206.17
Days on Market6

Property Features for 2809 N Superstition Lane

General Information

Property type Residential Multi Family
Property subtype Other
Zoning R2-4
Bedrooms 8
Bathrooms 8
Rooms Bathroom 4, Bedroom 6, Bathroom 5, Bathroom 6, Bathroom 7, Bathroom 1, Bathroom 8, Bedroom 3, Bathroom 2, Bedroom 1, Bedroom 4, Bedroom 2, Bedroom 5, Bedroom 8, Bedroom 7, Bathroom 3
Exterior features Fence, Sprinkler/Drip, Balcony
Fencing Fenced
Subdivision Prescott East
Lot features Landscaped
Directions Located in Prescott Valley with convenient access to Highway 69, the property is near shopping, dining, schools, employment centers and major commuter routes. Its central location and established residential setting support consistent rental demand while providing tenants convenient access throughout Prescott Valley and the greater Prescott area.
Standard status Active
APN 77
Lot size 0.39 Acres

Taxes and HOA fees

Tax Year 2026
Tax Description PRESCOTT EAST UNIT 1 LOT 77
Tax Annual Amount 3154
Legal Description PRESCOTT EAST UNIT 1 LOT 77

Utilities

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

Amenities

private fenced backyard

Building Details

Year built 2003
Floors in Building 1
Number of units 4
Flooring type Tile, Carpet
Building materials Frame, Stucco
Roof type Asphalt
Listing Agency: Arizona Commercial
Listed By: Doug Taber · License #BR721756000
Added: Oct 8 Changed: Oct 12 Last Checked: Oct 13 at 6:06PM
MLS# 1085579

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.

Built in 2003, this single-story fourplex contains four residences, each with two bedrooms, two bathrooms, and approximately 1,000 square feet. The property totals approximately 4,021 square feet on a 0.39-acre parcel. Every unit has a one-car garage, a fenced private yard, and separate meters for utilities, including water. The homes feature kitchens with oak cabinetry, laundry areas, walk-in pantries, linen storage, and upgraded appliances. Tile and carpet flooring, ceiling fans, and central air conditioning complete the interior features.

Located at 2809 N Superstition Lane in Prescott Valley, the property is zoned R2-4. The combination of four similar floor plans, private outdoor space, and dedicated garages is consistent across the building.

Key Highlights

  • Four units, each with 2 bedrooms and 2 bathrooms
  • Approximately 4,021 square feet total on a 0.39‑acre lot
  • Built in 2003; single‑story configuration

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr
$46,037
Cap Rate
5.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$920,740 $920.7K
Cap Rate 7%
$657,671 $657.7K
Cap Rate 9%
$511,522 $511.5K
Market Conditions
NOI Build-Up for 4,021 SF
Gross rent
$70.0K $17.40/SF
− Vacancy
−$4.2K −$1.04/SF
EGI
$65.8K $16.36/SF
− OpEx
−$19.7K −$4.91/SF
NOI
$46.0K $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%
$920,740
Cap Rate 7%
$657,671
Cap Rate 9%
$511,522

Alternative Uses

Best Use
Multifamily LT 5
$657.7K
$575.5K – $767.3K (±1% cap)
NOI $46,037 @ 7.0% cap · market cap 5.55%
Second Best
Apartment 5plus
$612.3K
$535.8K – $714.3K (±1% cap)
NOI $42,860 @ 7.0% cap · market cap 5.17%
Theoretical Best
Warehouse
$1.35M
$1.18M – $1.57M (±1% cap)
NOI $94,292 @ 7.0% cap · market cap 11.37%
Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Quadplexes

Suggested Use

Top Pick HVAC Service Law Firm Grocery & Convenience Store Storage Facility Catering Service (Bike/Boat/Book/etc) Store

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

4
Residential units
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

543
Businesses Nearby

Demographics for 86314, AZ

39,461
Population
16,806
Households
2.3
Avg Household Size
44
Median Age
23%
College-Educated
89%
High-School Grad
26.6 sq mi
ZIP Area
1,483
Density / Sq Mi
$67,263
Median Household Income
$37,829
Median Earnings
$1,432
Median Rent
$363,700
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?
Quadplex - Separate utility meters, fenced outdoor areas, and individual garages give each residence its own practical amenities.
Where is this quadplex located?
The property is located at 2809 N Superstition Lane Prescott Valley, AZ.
What is the asking price?
The asking price for this property is $829,000.
What are key features of this property?
This property features: Four units, each with 2 bedrooms and 2 bathrooms; Approximately 4,021 square feet total on a 0.39‑acre lot; Built in 2003; single‑story configuration
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