Multifamily Property Near
For Sale
Contact for pricing
425 S Alarcon Street, Prescott, AZ 86303
Well-maintained multifamily property with recent upgrades and ample parking.
Property Size3,120 SF
Price / SF$350.96
Days on Market193
Property Features for 425 S Alarcon Street
General Information
Standard status
Active
Size
3,120 SF
Class
A
Total Parking Spaces
6
Property subtype
Multifamily
Zoning
MF-M
Occupancy
75%
Building Details
Year Built
1985
Buildings
1
Stories
2
Units
4
Listing Agency:
Bella Terra Realty
(928) 777-0300
Listed By:
LeAnn Carver · License #AZ BR104385000
Source:
Crexi
Added: Feb 2
Changed: Aug 8
Last Checked: Aug 13 at 9:45AM
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 Bella Terra Realty
Investment Insights
Based on property information with market context.
This multifamily property is located close to downtown and the Courthouse Square. The all-electric property has a recent new roof, ample parking, and private storage units for each residence. All units include baseboard heating, and the upper units feature mini-splits. The top two units have been upgraded with luxury vinyl flooring. Most appliances are new, and the roof is approximately 3 years old. The stairwell has been recently refurbished, and new windows and siding were installed in 2017. There are 6 parking spaces available. This property offers an opportunity for investors seeking flexibility and long-term value. The property size is 3120 square feet.
Key Highlights
- Prime investment opportunity near downtown and Courthouse Square.
- Recent new roof.
- Ample parking with 6 spaces.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$33,256
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.04%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$665,120
$665.1K
Cap Rate 7%
$475,086
$475.1K
Cap Rate 9%
$369,511
$369.5K
Market Conditions
NOI Build-Up for 3,120 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$63.6K $20.40/SF
− Vacancy
−$3.2K −$1.02/SF
EGI
$60.5K $19.38/SF
− OpEx
−$27.2K −$8.72/SF
NOI
$33.3K $10.66/SF
Area
Yavapai County, AZ
Vacancy
5.00%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$665,120
Cap Rate 7%
$475,086
Cap Rate 9%
$369,511
Alternative Uses
Best Use
Apartment 5plus
$475.1K
$415.7K – $554.3K
NOI $33,256 @ 7.0% cap · market cap 3.04%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$1.05M
$914.5K – $1.22M
NOI $73,163 @ 7.0% cap · market cap 6.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,722
Businesses Nearby
Explore this area
Business Placement
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Well-maintained multifamily property with recent upgrades and ample parking.
Where is this apartment building located?
The property is located at 425 S Alarcon Street Prescott, AZ.
What is the asking price?
The asking price for this property is $1,095,000.
What are key features of this property?
This property features: Prime investment opportunity near downtown and Courthouse Square.; Recent new roof.; Ample parking with 6 spaces.
