Prescott Quadplex: Four Homes, One
827 Lincoln Avenue, Prescott, AZ 86301
Four homes on one parcel near downtown Prescott.
Type:Multifamily
- Added:
- Mar 14, 2026
- Days on Market:
- 61
- Last Refresh:
- Mar 19 at 10:56 pm
Property Features for 827 Lincoln Avenue
General Information
- Standard status
- Active
- Property subtype
- Multifamily
Building Details
- Year Built
- 1954
Listing agent Geoff Hyland License #AZ SA561564000
Listing office The HYLAND GROUP | eXp Realty
Listing date Mar 14, 2026
Source Crexi
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 The HYLAND GROUP | eXp Realty
HighLights
- Four separate homes on one parcel, each with its own address, fenced yard, and dedicated parking.
- Strong income potential with a reported net operating income of $45,530 and a 6.5% cap rate.
- Fully rented with excellent tenants on month‑to‑month leases who are willing to sign one‑year leases.
- Located less than one mile from historic downtown Prescott and Whiskey Row.
- Extensive remodel completed in January 2018, including new windows, siding, interior and exterior paint, flooring, and updated kitchens and bathrooms.
- Potential for vacation rentals and the possibility of adding another unit (buyer to verify with the City).
Overview
This Prescott property presents an opportunity with four separate homes on a single parcel. Suited for investors, multi-generational living, or those seeking a private family compound near downtown, each residence features its own address, fenced yard, and dedicated parking. This provides privacy while sharing a single property. An owner could occupy one home and rent the others for potential income, or create a multi-generational retreat. The property may also offer vacation rental potential and the possibility of adding another unit. Located less than one mile from historic downtown Prescott and Whiskey Row, the property provides access to restaurants, shopping, entertainment, and local events. All units are fully rented with tenants on month-to-month leases. The property has a rental history, and residents have expressed interest in staying and are willing to sign one-year leases during the inspection period. For investors, the seller reports a net operating income of $45,530 after expenses, representing approximately a 6.5% cap rate. Seller currently pays HO insurance, flood insurance (less than $2,000 annually), and water, sewer, and trash. An extensive remodel completed in January 2018 included new windows, siding, interior and exterior paint, flooring, updated kitchens and bathrooms, and numerous additional improvements. Two homes have newer roofs. Units 829 and 831 feature HVAC mini-split systems, and Unit 829 includes a tankless water heater. All units are currently occupied. The sellers also have another nearby property available and may consider a discount for buyers purchasing both.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Quadplexes
Location Insight
- Map
- Local Demand
- City
- Prescott
- County
- Yavapai
- State
- Arizona
- Longitude
- -112.4743732
- Latitude
- 34.5560168
Nearby Similar for Sale
FAQs
What type of property is this?
Quadplex - Four homes on one parcel near downtown Prescott.
Where is this quadplex located?
The property is located at 827 Lincoln Avenue Prescott, AZ.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Four separate homes on one parcel, each with its own address, fenced yard, and dedicated parking.; Strong income potential with a reported net operating income of $45,530 and a 6.5% cap rate.; Fully rented with excellent tenants on month‑to‑month leases who are willing to sign one‑year leases.
