Prescott, AZ Multifamily Properties for Sale

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Skull Valley, AZ Prescott Valley, AZ Mayer, AZ Kirkland, AZ Wilhoit, AZ Humboldt, AZ Chino Valley, AZ Yarnell, AZ

49 properties

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Updated: Aug 23

Renovated Duplex With Guest House

551 Gail Gardner Way, Prescott, AZ 86305

$570,000

0.16 AC lot

Detached guest house with a separate primary residence
Private yard for each residence
New HVAC system, roof, dual‑pane windows, and landscaping
0.16‑acre site with SF9 zoning
Public water and electricity available

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Updated: Jul 9

Renovated Triplex with Three Units

609 S Granite Street, Prescott, AZ 86303

$1,100,000

0.17 AC lot

Three separate residential units with distinct entrances and outdoor areas
Unit mix includes a two‑bedroom home and a three‑bedroom home, plus the main residence
Roof replaced in 2022
Approximately 0.5 miles from Courthouse Plaza in downtown Prescott
0.17‑acre lot with BR zoning

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New Construction Duplex with Private Decks

831 Hope Street, Prescott, AZ 86303

$1,249,000

0.49 AC lot

Two-unit property under construction with flexible three-level layouts, covered carports, and private outdoor space.

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4-Unit Quadplex with Covered Parking

520 S Cortez St, Prescott, AZ 86303

$1,185,000

5,609 sqft

Concrete construction includes four distinct floor plans and an owner’s residence.

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Prescott Triplex with Three Units

615 W Hillside Avenue, Prescott, AZ 86301

$699,000

0.21 AC lot

Three residential units are fully occupied and include public water, natural-gas heating, and central air.

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Historic 17-Unit Apartment Building

320 S Cortez Street, Prescott, AZ 86303

$3,286,000

0.34 AC lot

Brick-and-concrete 17-unit building with coin-operated laundry, gated parking, and a mix of studios and one-bedrooms.

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Four-Residence Multifamily Property

705 Ruth Street, Prescott, AZ 86301

$1,275,000

0.16 AC lot

Four separate residences across two adjacent parcels with public water, natural gas availability, parking, and no HOA.

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Two-Residence Short-Term Rental Property

539 Lincoln Ave, Prescott, AZ 86301

$649,000

1,392 sqft 0.29 AC lot

Remodeled dual-residence property with private courtyards and established short-term rental operations.

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Remodeled Duplex with Courtyards

539 Lincoln Avenue, Prescott, AZ 86301

$649,000

0.29 AC lot

Two updated residences provide private courtyards, fenced yards, and flexible rental use.

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Historic Duplex with BR Zoning

346 S Montezuma Street, Prescott, AZ 86303

$939,000

0.14 AC lot

Commercially zoned downtown property with wood, vinyl, and carpet flooring.

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New Construction Duplex with Three-Level Layout

831 Hope St, Prescott, AZ 86303

$1,249,000

1,975 sqft 0.17 AC lot

Two residential units feature private entries, decks, carports, and flexible owner-occupant or rental use.

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Quadplex With Owner’s Unit

520 S Cortez Street, Prescott, AZ 86303

$1,185,000

0.52 AC lot

Four-unit property with MF-H zoning, covered parking, and a motorhome pad with full hookups near downtown Prescott.

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Two-Unit Duplex with Covered Porches

509 1st Street, Prescott, AZ 86301

$574,900

0.19 AC lot

Two matching residences offer efficient layouts, natural-gas heating, and central air.

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Renovated Downtown Triplex

609 S Granite St, Prescott, AZ 86303

$1,100,000

2,569 sqft

Three separate residences include updated interiors, private outdoor areas, and features suited to short-term or longer-term occupancy.

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5-Unit Apartment Building

622 Western Avenue, Prescott, AZ 86305

$999,000

0.17 AC lot

Fully occupied multifamily property with individually metered gas and electric service and month-to-month tenancies.

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Renovated Triplex with Balcony

609 E Goodwin Street, Prescott, AZ 86303

$699,999

0.16 AC lot

Three residential units support an owner-occupancy setup with month-to-month rental income from the remaining residences.

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12-Unit Apartment Portfolio

214 N Arizona Ave, Prescott, AZ 86301

$3,750,000

11,600 sqft 0.64 AC lot

Fully occupied multifamily asset with an office and modified NNN lease structure in Downtown Prescott.

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Quadplex with Private Storage

425 S Alarcon Street, Prescott, AZ 86303

$1,095,000

0.17 AC lot

All-electric residences offer individual storage, six parking spaces, and a mix of baseboard and ductless heating.

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Four-Residence Multifamily Portfolio

705 Ruth St, Prescott, AZ 86301

$1,275,000

3,248 sqft

Four separate residences span two adjacent parcels with city utilities and multiple parking areas.

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Three-Unit Multifamily Property

658 W Gurley Street, Prescott, AZ 86305

$799,000

0.18 AC lot

Historic-designated rental property with separate apartments, a larger main residence, and additional unfinished space.

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Historic Downtown Duplex

117 W Aubrey St, Prescott, AZ 86303

$660,000

1,024 sqft

Two separate residences offer updated kitchens, shared laundry, and courtyard space near Prescott’s historic downtown attractions.

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Triplex with Remodeled Unit

324 N Mount Vernon Avenue, Prescott, AZ 86301

$924,900

0.17 AC lot

Downtown Prescott property with three residential units, fenced grounds, public water, and MF-H zoning.

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Renovated Triplex Near Town Square

609 E Goodwin St, Prescott, AZ 86303

$699,999

2,385 sqft

Three-unit property with renovated units and month-to-month occupancy.

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8-Unit Apartment Building

314 S Virginia Street, Prescott, AZ 86303

$1,100,000

0.17 AC lot

MF-M zoning, laundry facilities, and public water serve this established multifamily property.

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Prescott, AZ Multifamily Properties Market Trends and Statistics

Explore 72 multifamily properties for sale in Prescott, AZ, showcased through 49 active listings on our real estate platform. These investment opportunities span a total of 132,582 square feet of properties for sale, with an estimated market value of $40,285,498.

Sale prices for multifamily properties in Prescott, AZ start at $325,000, averaging $1,088,797, and reaching up to $3,750,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Demographics Overview

Population 65K

Population Growth (5Y) +11.7%

Median Household Income $73,005

College Educated 30.9%

High-Yield Neighborhoods for Investment

Identify Prescott submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood	Average Price
86305	$715.1K
86301	$1.1M
86303	$1.2M

Taxes & Financing

Tax Rate (average for all types) 3.01%

Property Tax per SF $50.53 per SF

Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Yavapai County

New Delisted

Total CRE Inventory on Market (SF)

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