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Duplex with Recent Improvements

7020 E Burro Lane, Prescott Valley, AZ 86314

For Sale
$479,900
Under Contract

Residential Income, Prescott Valley, AZ

Property SizeContact for details
Lot Size0.19 Acres
Days on Market53

Property Features for 7020 E Burro Lane

General Information

Property type Residential Multi Family
Property subtype Other
Zoning MF-4
Bedrooms 4
Bathrooms 4
Rooms Bathroom 4, Bedroom 3, Bedroom 1, Bathroom 2, Bedroom 2, Bedroom 4, Bathroom 3, Bathroom 1
Exterior features Fence, Storage
Fencing Fenced
Subdivision Prescott Valley 18
Lot features Landscaped
Directions Take AZ-89A to North Viewpoint Drive, then turn right heading south on N Viewpoint Drive, Turn Right on E Addis Avenue, which turns slightly left and becomes Winchester Drive, then Left on E Burro Lane, 2nd House on Left.
Standard status Active Under Contract
APN 4924
Lot size 0.19 Acres

Additional Details

Tenant in Place Yes

Taxes and HOA fees

Tax Year 2026
Tax Description PRESCOTT VALLEY #18 LOT 4924 721/73
Tax Annual Amount 2186
Legal Description PRESCOTT VALLEY #18 LOT 4924 721/73

Utilities

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

Amenities

private fenced backyard

Building Details

Year built 1994
Floors in Building 1
Number of units 2
Flooring type Tile, Laminate
Building materials Frame, Stucco
Roof type Asphalt
Additional Structures Storage
Listing Agency: Rent Right and Home Right
Listed By: Karyn Finnell
Added: Sep 22 Changed: Oct 25 Last Checked: Nov 13 at 11:06PM
MLS# 1085237

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.

Rey
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Investment Insights

Based on property information with market context.

This Prescott Valley duplex contains two matching 2-bedroom, 2-bath residences, each measuring 1,011 square feet. Both units include an attached one-car garage and a private fenced backyard. The property was built in 1994 and has frame-and-stucco construction, tile and laminate flooring, asphalt roofing, public water, central air, and natural gas heating.

Recent work includes HVAC replacement in Unit A in January 2025, HVAC replacement in Unit B in December 2024, new windows in Unit B in 2025, and new tile flooring in Unit A in 2025. Unit A is leased through August 12, 2027, while Unit B is leased through March 18, 2027. Tenants are responsible for their own utilities. The property sits on 0.19 acres at 7020 E Burro Lane and carries MF-4 zoning.

Key Highlights

  • Two 2‑bedroom, 2‑bath units, each with 1,011 square feet
  • Unit A leased through August 12, 2027; Unit B leased through March 18, 2027
  • Unit A HVAC replaced January 2025; Unit B HVAC replaced December 2024

Property Analytics

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Lease Details

2
Residential units
100%
Occupancy
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

120
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
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Market

Properties on Market for Duplexes in Prescott Valley

Jul
Aug
Sep
Oct

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025

Frequently Asked Questions

What type of property is this?
Duplex - Both residences are leased and feature private yards, attached garages, and updated systems and finishes.
Where is this duplex located?
The property is located at 7020 E Burro Lane Prescott Valley, AZ.
What is the asking price?
The asking price for this property is $479,900.
What are key features of this property?
This property features: Two 2‑bedroom, 2‑bath units, each with 1,011 square feet; Unit A leased through August 12, 2027; Unit B leased through March 18, 2027; Unit A HVAC replaced January 2025; Unit B HVAC replaced December 2024
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