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20-Unit Apartment Building
New
For Sale
$3,400,000

309 S Montezuma Street, Prescott, AZ 86303

The 1905 property sits within walking distance of downtown Prescott destinations.

Property SizeContact for details
Days on Market5

Property Features for 309 S Montezuma Street

General Information

Standard status Active
Property subtype MULTI_FAMILY

Additional Details

Multifamily Units 20

Taxes and HOA fees

Annual Taxes $3,982

Building Details

Year Built 1905
Listing Agency: Marcus & Millichap
Listed By: Adam Saylor · License #(S):AZ:SA659585000
Source: Adobegr
Added: Oct 6 Changed: Oct 10 Last Checked: Oct 9 at 7:56PM

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 Marcus & Millichap

Investment Insights

Based on property information with market context.

This 20-unit apartment property dates to 1905 and is located in Prescott, Arizona. Its address on South Montezuma Street places it a few blocks from Courthouse Plaza and Whiskey Row.

Downtown restaurants, independent retailers, entertainment venues, and community events are also within walking distance.

Key Highlights

  • 20‑unit apartment property
  • Built in 1905
  • A few blocks from Courthouse Plaza and Whiskey Row in Prescott

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Locksmith Parking Lot & Garage Barber Shop Butcher Pet Grooming Service

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

20
Residential units

Location Intelligence

Trade Area within ½ mile

2,691
Businesses Nearby

Demographics for 86303, AZ

18,201
Population
12,255
Households
1.5
Avg Household Size
61
Median Age
41%
College-Educated
96%
High-School Grad
107.2 sq mi
ZIP Area
170
Density / Sq Mi
$68,656
Median Household Income
$44,428
Median Earnings
$1,309
Median Rent
$502,400
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?
Apartment building - The 1905 property sits within walking distance of downtown Prescott destinations.
Where is this apartment building located?
The property is located at 309 S Montezuma Street Prescott, AZ.
What is the asking price?
The asking price for this property is $3,400,000.
What are key features of this property?
This property features: 20‑unit apartment property; Built in 1905; A few blocks from Courthouse Plaza and Whiskey Row in Prescott
More about this property
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