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Three-Unit Multifamily Property
For Sale
$799,000

Prescott, AZ 86305, Prescott, AZ 86305

Residential Income, Prescott, AZ

Property SizeContact for details
Lot Size0.18 Acres
Days on Market250

Property Features

General Information

Property type Residential Multi Family
Property subtype Other
Zoning BG
Bedrooms 6
Bathrooms 5
Rooms Bathroom 4, Bedroom 1, Bedroom 3, Bedroom 2, Bathroom 1, Bathroom 3, Bathroom 5, Bedroom 4, Bedroom 6, Bathroom 2, Bedroom 5
Exterior features Balcony
Subdivision Fleurys Addition
Standard status Active
Lot size 0.18 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 1765

Utilities

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

Building Details

Year built 1914
Floors in Building 1
Number of units 4
Flooring type Wood, Vinyl, Concrete, Laminate
Building materials Block, Frame
Roof type Rolled Hot Mop, Asphalt
Listing Agency: Realty Executives Arizona Territory
Listed By: Teresa Lohmeier PLLC · License #BR688259000
Added: Feb 4 Changed: Oct 12 Last Checked: Oct 12 at 2:06PM
MLS# 1079302

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.

Investment Insights

Based on property information with market context.

Built in 1914, this three-unit multifamily property includes a 5-bedroom, 3-bath main residence and a separate two-story building with two 1-bedroom, 1-bath apartments. The main home has updated windows, wood flooring, formal living and dining rooms, a laundry room, and a walk-out basement. Three bedrooms have private exterior access. Each apartment has a kitchen, living area, and private patio. An unfinished area of more than 1,000 square feet is also part of the property. Recent work includes a newer water heater serving the apartments, a newer wall heater in one apartment, and service to the main house’s air conditioning.

The 0.18-acre property is zoned BG and designated historic. It is 0.6 miles from downtown Prescott. The property is offered in its current condition; completed inspection reports covering general condition, radon, air quality, and sewer scope are available for review.

Key Highlights

  • Three residences: one 5‑bedroom, 3‑bath home and two 1‑bedroom, 1‑bath apartments
  • Separate two‑story apartment building; each unit has a kitchen, living area, and private patio
  • Unfinished area of more than 1,000 square feet

Property Analytics

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Current Use

Multifamily properties

Lease Details

3
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

1
Businesses Nearby

Demographics for 86305, AZ

19,555
Population
10,920
Households
1.8
Avg Household Size
62
Median Age
47%
College-Educated
97%
High-School Grad
588.5 sq mi
ZIP Area
33
Density / Sq Mi
$78,802
Median Household Income
$37,630
Median Earnings
$1,132
Median Rent
$627,100
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Multifamily property - All three residences are occupied under rental arrangements that include utilities.
Where is this multifamily property located?
The property is located at Prescott, AZ.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Three residences: one 5‑bedroom, 3‑bath home and two 1‑bedroom, 1‑bath apartments; Separate two‑story apartment building; each unit has a kitchen, living area, and private patio; Unfinished area of more than 1,000 square feet
More about this property
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