Income-Producing Multifamily
658 W Gurley Street, Prescott, AZ 86305
Multifamily property with in-place rents and value-add potential.
Type:Multifamily
- Added:
- Feb 5, 2026
- Days on Market:
- 97
- Last Refresh:
- Mar 17 at 1:14 pm
Property Features for 658 W Gurley Street
General Information
- Standard status
- Active
- Property subtype
- Multifamily
Building Details
- Year Built
- 1914
Listing agent Teresa Lohmeier License #BR688259000
Listing office Above the Best Realty
Listing date Feb 5, 2026
Source Crexi
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HighLights
- Income‑producing multi‑family property with stable in‑place rents.
- Prime central location, just 0.6 miles from downtown with convenient access to amenities.
- Zoned Business General and designated historic.
- Main residence (Unit 1): 5‑bedroom, 3‑bath home with updated windows and original wood flooring.
- Two additional 1‑bedroom, 1‑bath apartment units, each with private patio.
- Future value‑add potential with unfinished 1,000+ sq. ft. area for expansion.
Overview
This income-producing multi-family property features stable in-place rents and future value-add potential in a central location. The property is zoned Business General and designated historic, potentially offering property tax advantages. It is located 0.6 miles from downtown, providing convenient access to shopping, dining, and services. The main residence, Unit 1, is a 5-bedroom, 3-bath home currently rented at $3,200 per month, utilities included. It features updated windows, original wood flooring, formal living and dining rooms, a dedicated laundry room, and a walk-out basement for storage. Three bedrooms offer private exterior access, allowing flexibility for rental, office, or live/work use. A separate two-story building contains two 1-bedroom, 1-bath apartment units. Unit 3 is rented at $1,400 per month, and Unit 4 is rented at $1,300 per month, both with utilities included. Each unit includes its own living space, kitchen, and private patio, suitable for long-term tenancy. Recent improvements include a newer water heater in Units 3 and 4, a newer wall heater in Unit 4, and recently serviced A/C in the main house. An additional unfinished area of over 1,000 sq. ft. offers upside potential for future income or expansion, subject to buyer verification. All three units are currently rented and operating under a utilities-included rental structure, providing simplified management and consistent occupancy. The property is offered in its current condition. The seller has completed prior inspections, including general inspection, radon, air quality, and sewer scope, with reports available for buyer review.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Multifamily properties
Location Insight
- Map
- Local Demand
- City
- Prescott
- County
- Yavapai
- State
- Arizona
- Longitude
- -112.4790355
- Latitude
- 34.54324
Nearby Similar for Sale
FAQs
What type of property is this?
Multifamily property - Multifamily property with in-place rents and value-add potential.
Where is this multifamily property located?
The property is located at 658 W Gurley Street Prescott, AZ.
What is the asking price?
The asking price for this property is $849,000.
What are key features of this property?
This property features: Income‑producing multi‑family property with stable in‑place rents.; Prime central location, just 0.6 miles from downtown with convenient access to amenities.; Zoned Business General and designated historic.
