Four-Residence
For Sale
$1,275,000
705 S RUTH Street, Prescott, AZ 86301
Multiple Dwellings, Prescott, AZ
Property Size3,248 SF
Price / SF$392.55
Days on Market52
Property Features for 705 S RUTH Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Property condition
Under Construction
Zoning
0180 - SFR Mult
Parking features
Carport, Off Street
Exterior features
Rain Gutters
Appliances
Disposal, Dishwasher, Refrigerator, Free-Standing Gas Oven, Microwave, Washer/Dryer
Subdivision
DAMERON TRACT
Elementary school
Taylor Hicks School
Middle school
Granite Mountain Middle School
High school
Prescott High School
Elementary school district
Prescott Unified District
Middle school district
Prescott Unified District
High school district
Prescott Unified District
Directions
South on Ruth to properties on your left
Standard status
Active
APN
113-05-116-B
Taxes and HOA fees
Tax Year
2025
Tax Description
PRESCOTT - DAMERON TRACT LOT 19 BLK 8 LESS THE E 56' OF THE S 12' 1861/520
Tax Annual Amount
508
Legal Description
PRESCOTT - DAMERON TRACT LOT 19 BLK 8 LESS THE E 56' OF THE S 12' 1861/520
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Electric (Heating)
Cooling system
Central Air, Ceiling Fan(s), Multi Units, Electric
Amenities
laundry
fenced yard
dedicated parking
Building Details
Year built
2025
Number of units
4
Flooring type
Vinyl, Wood, Carpet, Tile
Building materials
Wood Siding, Shingle Siding, Wood Frame, Painted, Block, Brick
Roof type
Composition
Listing Agency:
eXp Realty
(888) 897-7821
Listed By:
Don Pollard Jr · License #BR507137000
(602) 690-3576
Added: Jul 1
Changed: Aug 21
Last Checked: Aug 21 at 2:06PM
MLS# 7053329
Copyright © 2026 Arizona Regional Multiple Listing Service, Inc. 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 four-residence offering spans two adjacent parcels at 703 and 705 S Ruth Street in Prescott. The improvements total approximately 3,248 sq. ft. and include two residences dating to circa 1912, along with a detached cottage and a newer home completed in 2025. The properties feature wood and shingle siding, wood-frame construction, composition roofs, mixed flooring, central air, electric heating, and appliances including washers and dryers.
The detached cottages provide separate residential spaces, while the property includes multiple parking areas with carport and off-street parking. Public sewer serves the site, and there is no HOA. The zoning designation is 0180 - SFR Mult. The offering is presented as a single portfolio containing four separate residences across the two parcels.
The detached cottages provide separate residential spaces, while the property includes multiple parking areas with carport and off-street parking. Public sewer serves the site, and there is no HOA. The zoning designation is 0180 - SFR Mult. The offering is presented as a single portfolio containing four separate residences across the two parcels.
Key Highlights
- Four separate residences across two adjacent parcels at 703 and 705 S Ruth Street
- Approximately 3,248 sq. ft. of combined improvements
- Two residences dating to circa 1912 plus a home completed in 2025
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
$37,187
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
2.92%
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%
$743,740
$743.7K
Cap Rate 7%
$531,243
$531.2K
Cap Rate 9%
$413,189
$413.2K
Market Conditions
NOI Build-Up for 3,248 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
$56.5K $17.40/SF
− Vacancy
−$3.4K −$1.04/SF
EGI
$53.1K $16.36/SF
− OpEx
−$15.9K −$4.91/SF
NOI
$37.2K $11.45/SF
Area
Yavapai County, AZ
Vacancy
6.00%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
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%
$743,740
Cap Rate 7%
$531,243
Cap Rate 9%
$413,189
Alternative Uses
Best Use
Multifamily LT 5
$531.2K
$464.8K – $619.8K
NOI $37,187 @ 7.0% cap · market cap 2.92%
Second Best
Apartment 5plus
$494.6K
$432.8K – $577.0K
NOI $34,620 @ 7.0% cap · market cap 2.72%
Theoretical Best
Warehouse
$1.09M
$952.1K – $1.27M
NOI $76,165 @ 7.0% cap · market cap 5.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,808
Businesses Nearby
Explore this area
Business Placement
Demographics for 86301, AZ
25,115
Population
13,863
Households
1.8
Avg Household Size
57
Median Age
37%
College-Educated
96%
High-School Grad
33.4 sq mi
ZIP Area
752
Density / Sq Mi
$71,962
Median Household Income
$33,989
Median Earnings
$1,580
Median Rent
$495,100
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?
Quadplex - Two adjacent parcels combine historic residences with a newly built home and detached cottages.
Where is this quadplex located?
The property is located at 705 S RUTH Street Prescott, AZ.
What is the asking price?
The asking price for this property is $1,275,000.
What are key features of this property?
This property features: Four separate residences across two adjacent parcels at 703 and 705 S Ruth Street; Approximately 3,248 sq. ft. of combined improvements; Two residences dating to circa 1912 plus a home completed in 2025
