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8-Unit Apartment Building
For Sale
$1,100,000

314 S Virginia Street, Prescott, AZ 86303

MULTI_FAMILY - Prescott, AZ

Property SizeContact for details
Lot Size0.17 Acres
Days on Market11

Property Features for 314 S Virginia Street

General Information

Property type Residential Multi Family
Property subtype Other
Zoning MF-M
Bedrooms 3
Bathrooms 3
Rooms Bedroom 1, Bathroom 3, Bathroom 2, Bathroom 1, Bedroom 2, Bedroom 3
Exterior features Laundry Facilities
Directions Gurley to South on Virginia to property on right. Corner of Virginia and
Standard status Active
APN 9
Lot size 0.17 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description BASHFORD TRACT BLK 2 LOT 9 CONT .17AC
Tax Annual Amount 1277
Legal Description BASHFORD TRACT BLK 2 LOT 9 CONT .17AC

Utilities

Utilities Natural Gas Available
Heating system Baseboard
Cooling system Ceiling Fan(s)
Water source Public

Building Details

Year built 1980
Floors in Building 2
Number of units 8
Flooring type Carpet, Vinyl
Building materials Frame
Roof type Asphalt
Listing Agency: Invest Southwest
Listed By: Sandra F Shaffer · License #BR102761000
Added: Aug 1 Changed: Aug 7 Last Checked: Aug 11 at 4:06AM
MLS# 1084217

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 8-unit apartment property occupies 0.17 acres at 314 S Virginia Street in Prescott. Constructed in 1980 with frame construction, the building includes laundry facilities, carpet and vinyl flooring, baseboard heating, and ceiling fan cooling. The roof is asphalt, with natural gas available and public water serving the property.

The property is located minutes from Prescott’s Courthouse Plaza, with downtown restaurants, boutiques, entertainment, and employment centers nearby. Its MF-M zoning supports the apartment-building classification. The unit interiors include bedrooms and bathrooms, while the existing utility and building features provide a defined physical configuration for continued multifamily use.

Key Highlights

  • 8‑unit apartment property on 0.17 acres
  • MF‑M zoning
  • Built in 1980 with frame construction

Property Analytics

Current Use

Apartment buildings

Suggested Use

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

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

8
Residential units

Location Intelligence

Trade Area within ½ mile

1,068
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

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - MF-M zoning, laundry facilities, and public water serve this established multifamily property.
Where is this apartment building located?
The property is located at 314 S Virginia Street Prescott, AZ.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 8‑unit apartment property on 0.17 acres; MF‑M zoning; Built in 1980 with frame construction
More about this property
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