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Listed price in listed location currency (USD).
$3,750,000

000

MLS® 1079801

  • Key Facts
  • Description
  • Map

Key Facts

Type 
Levels Residential Income
Size -
Garage 
Taxes $6,330
Days Active 70
Lot Size 
Approx. Age 1992
MLS® Number 1079801

Property Address: 214 N Arizona Ave, Prescott, AZ, 86301-3104

Average square foot calculated using Size range provided by listing agent.

Description

Fully leased 12 unit + office multifamily portfolio in Downtown Prescott. Three parcels totaling approximately 0.64 acres with +/-11, 600 SF of improvements, 100% leased to a licensed treatment operator under a modified NNN lease structure.Current rent of $20, 800/month increases 4% upon renewal, producing $249, 600 in annual income post-renewal. Tenant reimburses operating expenses and pays property taxes directly, providing stable, low-management cash flow.Zoned MF-M with long-term flexibility for continued multifamily use or redevelopment. Rare, stabilized investment opportunity in a supply-constrained downtown submarket.Offered at $3, 750, 000 (~6.66% cap on post-renewal income).
MLS® Number1079801
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1992
Basement
Driveway
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Feb 25, 2026List Date
$3,750,000List Price
  • Commute

Commute

Starting Address
Destination Address
214 N Arizona Ave, Prescott, AZ

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