Multifamily

Prescott, AZ Multifamily Properties for Sale

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Prescott Multi-Unit Investment Opportunity
Updated: May 28
Prescott Multi-Unit Investment Opportunity

615 W Hillside Avenue, Prescott, AZ 86301

$699,000
0.21 AC lot
Fully rented 3‑unit investment property in Prescott
Two 2‑bedroom, 1‑bath units at 615 and 613
Separate 1‑bedroom, 1‑bath unit at 611 built in 1995
Building originally built in 1934 with frame and stucco construction
Utilities include phone available; public water
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Remodeled Multifamily with Courtyard
Updated: Mar 15
Remodeled Multifamily with Courtyard

539 Lincoln Avenue, Prescott, AZ 86301

$674,000
0.29 AC lot
Rental‑zoned multifamily with two residences on a 0.29‑acre lot near downtown Prescott
Unit B is a 1928 2‑bed, 1‑bath cottage bungalow with a new roof and remodeled interior
Stone Casita Unit C offers 1 bed, 1 bath, and is move‑in ready
Extensive upgrades include updated electrical and gas lines to code and new water heaters
Heating and cooling include zoned ductless mini‑split systems and wall/electric heating
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Prescott Multifamily Investment Opportunity
Prescott Multifamily Investment Opportunity

509 1st Street, Prescott, AZ 86301

$574,900
667 sqft 0.19 AC lot

Two identical homes near courthouse square and Whiskey Row.

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Historic 17-Unit Apartment Building
Historic 17-Unit Apartment Building

320 S Cortez Street, Prescott, AZ 86303

$3,286,000
10,000 sqft 0.34 AC lot

Brick-and-concrete building with 17 units, on-site coin laundry, and gated lower-level parking for residents.

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Income Property Bordering Golf Course
Income Property Bordering Golf Course

338 Country Club Circle, Prescott, AZ 86303

$1,150,000
0.22 AC lot

Multi-unit investment property near downtown Prescott with upside potential.

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View Property in Yavapai Hills
View Property in Yavapai Hills

694 Sunrise, Prescott, AZ 86301

$549,953
0.33 AC lot

Multi-family property with income potential in Prescott, Arizona.

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Renovated Tri-Plex with Private Patios
Renovated Tri-Plex with Private Patios

609 S Granite Street, Prescott, AZ 86303

$1,100,000
0.17 AC lot

Renovated tri-plex with three units featuring private patio space and a fully replaced roof in 2022.

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Luxury Apartments in Prescott, Arizona
Luxury Apartments in Prescott, Arizona

1257 White Spar Rd, Prescott, AZ 86303

$14,500,000
63,808 sqft 3.18 AC lot

Boutique multifamily community with modern finishes and tranquil environment.

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Prescott Multifamily Investment Opportunity
Prescott Multifamily Investment Opportunity

425 S ALARCON Street, Prescott, AZ 86303

$1,095,000

Well-maintained multifamily property near downtown and Courthouse Square.

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Two-Structure Residential Income Property
Two-Structure Residential Income Property

747 & 749 Paul Drive, Prescott, AZ 86303

$624,900
0.87 AC lot

Two separate structures on one parcel offer three living areas, including a 2 bed/2 bath home and two 1 bed/1 bath units.

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Multifamily Property Near Downtown
Multifamily Property Near Downtown

425 S Alarcon Street, Prescott, AZ 86303

$1,095,000
3,120 sqft

Well-maintained multifamily property with recent upgrades and ample parking.

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Prescott Multifamily Investment Opportunity
Prescott Multifamily Investment Opportunity

425 S Alarcon Street, Prescott, AZ 86303

$1,095,000
0.17 AC lot

Well-maintained multifamily property near downtown Prescott and Courthouse Square.

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Historic 17-Unit Apartment Building
Historic 17-Unit Apartment Building

320 S Cortez Street, Prescott, AZ 86303

$3,286,000
0.34 AC lot

Brick-and-concrete 1919 multifamily with on-site coin laundry and gated lower-level private parking.

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Prescott Multifamily Investment Opportunity
Prescott Multifamily Investment Opportunity

622 Western Avenue, Prescott, AZ 86305

$1,100,000

Fully occupied 5-unit property in Prescott with strong income.

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Four-Residence Portfolio Property
Four-Residence Portfolio Property

705 Ruth Street, Prescott, AZ 86301

$1,375,000
0.16 AC lot

Four separate residences on two adjacent parcels provide flexibility for rental and multi-generation occupancy.

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Three-Unit Residential Income Property
Three-Unit Residential Income Property

324 N Mount Vernon Avenue, Prescott, AZ 86301

$999,900
0.17 AC lot

Three tenant-occupied units offer a mix of layouts under MF-H zoning.

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Prescott Duplex: Investor Opportunity
Prescott Duplex: Investor Opportunity

815 Dameron Drive, Prescott, AZ 86301

$319,000

Two residences on one parcel near Downtown Prescott.

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Historic Multifamily Property
Historic Multifamily Property

346 S Montezuma Street, Prescott, AZ 86303

$995,000
0.14 AC lot

Historic Wilder House is a commercially zoned multifamily asset with modern updates in downtown Prescott.

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Three-Unit Multifamily Investment
Three-Unit Multifamily Investment

615 W Hillside Avenue, Prescott, AZ 86301

$699,000

Centrally located Prescott triplex with two 2-bedroom units and one 1-bedroom unit.

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Central Multi-Family Income Property
Central Multi-Family Income Property

658 W Gurley Street, Prescott, AZ 86305

$819,000
0.18 AC lot

Multi-family property with three rented units and four-sided patios, zoned Business General.

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Income-Producing Multifamily Property
Income-Producing Multifamily Property

658 W Gurley Street, Prescott, AZ 86305

$819,000

Multifamily property with in-place rents and value-add potential.

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Renovated Triplex with Month-to-Month Tenants
Renovated Triplex with Month-to-Month Tenants

609 E Goodwin Street, Prescott, AZ 86303

$730,000
0.16 AC lot

Triplex in-town on an MF_M zoned lot with fully renovated units and month-to-month tenant occupancy.

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Charming Duplex Near Prescott College
Charming Duplex Near Prescott College

315 Garden Street, Prescott, AZ 86305

$419,000

Well-maintained duplex near downtown Prescott, ideal for investment.

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Duplex Vacation Rental Property
Duplex Vacation Rental Property

720 W Gurley Street, Prescott, AZ 86305

$485,000
0.12 AC lot

Two site-built homes operate as vacation rentals, each with mini-splits, in-unit washer/dryer, and four parking spaces total.

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Prescott, AZ Multifamily Properties Market Trends and Statistics

Explore 72 multifamily properties for sale in Prescott, AZ, showcased through 33 active listings on our real estate platform. These investment opportunities span a total of 77,595 square feet of properties for sale, with an estimated market value of $19,455,900.

Sale prices for multifamily properties in Prescott, AZ start at $574,900, averaging $4,863,975, and reaching up to $14,500,000 — 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

Duplexes 12
Apartment buildings 8
Quadplexes 7
Triplexes 5
Short term rental properties 3

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 $715.2K
86301 $1.1M
86303 $2.5M

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

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