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827 Lincoln Ave Prescott, AZ 86301

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For Sale
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Four homes on one parcel near downtown Prescott.

Lot size:
0.36 Acres

Property Features for 827 Lincoln Ave

General Information

Standard status
Active
Zoning
MF-M
Lot size
0.36 Acres

Building Details

Year built
1954

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Listing Contact
Geoff Hyland
Source: Crexi

Listing Agency: The HYLAND GROUP | eXp Realty Listing Agent: Geoff Hyland

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

Prescott Quadplex: Four Homes, One Parcel

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.
Location Intelligence

Current Use by Public Records

Quadplexes

Suggested Use

Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

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  • Local Demand
City
Prescott
County
Yavapai
State
Arizona
Longitude
-112.4743732
Latitude
34.5560168

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 Ave Prescott, AZ.
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.
More about this property
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