121 N Willow Street, Prescott, AZ 86305
$745,000
Property Type:
Multi-Family
Square Footage:
3,600
Lot Size (sq. ft.):
12,197
Status:
Closed
Current Price:
$745,000
List Date:
1/15/2026
Last Modified:
2/26/2026
Description
Here's your opportunity to own a piece of Prescott history! This charming 4-plex features lovely original details, wood floors, and the classic Prescott character buyers love. Ideally located close to downtown, this property offers excellent flexibility for investors—continue operating as long-term rentals, explore short-term rental potential (buyer to verify), or create a unique multi-generational living setup.
The property is currently owner-managed and operating at an approximate 6.7% cap rate. Tenants are month-to-month and would like to remain, providing immediate income. With its prime location and multiple use options, this is a rare investment opportunity with strong upside.
More Information MLS# 1078795
ContractAddressLegal
Original List Price: 875000
Listing Date: 2026-01-15
Status: Closed
Listing Price: 875000
Street #: 121
Direction: N
Street Name: Willow
St Suffix: Street
City/Township: Prescott
State: AZ
Zip Code: 86305
County: Yavapai
Tax Parcel: 113-11-081
General Property Description
Lot #: 4 & 5
Lot Size: 12,197
Aprx Acres: 0.28
Total Liveable SqFt: 3600
Source of Measuremnt: County Assessor
Stories: 2
Year Built: 1914
Management: Owner
NOI $: 58800
Cap %: 6.8
Solar Y/N: No
Baths - Full: 4
More than 5 Units: No
Tax Info
Taxes: 1323
Tax Year: 2025
Status Change Info
Under Contract Date: 2026-02-06
Sold Date: 2026-02-26
Sold Price: $745,000
Sold Price/SqFt: 207
Financing: Cash
Unit 1
Unit ID: 1
# BR: 2
# BA: 1
SqFt: 900
Tenant Utilities: electricity
Rent $: 1100
Unit 2
Unit ID: 2
# BR: 2
# BA: 1
SqFt: 900
Tenant Utilities: electricity
Rent $: 1200
Unit 3
Unit ID: 3
# BR: 2
# BA: 1
SqFt: 900
Tenant Utilities: electricity
Rent $: 1400
Unit 4
Unit ID: 4
# BR: 3
# BA: 1.5
SqFt: 900
Tenant Utilities: electricity
Rent $: 1200
Property Features
Building Type: Fourplex
Construction: Frame - Wood
Cooling: Ceiling Fan(s); Room Refrigeration
External Amenities: Fence; Patio/Deck/Balcony
Flooring: Wood; Other
Heating: Natural Gas; Wall Unit
Owner Pays: Gas/Propane; Trash; Water
Possession: At Recordation
Records Available: None
Road Frontage Type: City Street
Road Surface Type: Paved
Road Responsibility: City Maintained Road
Roof: Asphalt Shingle
Utilities Installed: Electricity; Individual Meter; Natural Gas; Water - City; WWT - City Sewer
Water Heater: Natural Gas
Unit 1 Parking: Off Street
Unit 1 Info: Ceiling Fan(s); Fire/Smoke Detectors; Porch/Patio; Range/Oven; Refrigerator
Unit 2 Parking: Off Street
Unit 2 Info: Ceiling Fan(s); Fire/Smoke Detectors; Porch/Patio; Range/Oven; Refrigerator
Unit 3 Parking: Off Street
Unit 3 Info: Ceiling Fan(s); Fire/Smoke Detectors; Porch/Patio; Range/Oven; Refrigerator
Unit 4 Parking: Off Street
Unit 4 Info: Ceiling Fan(s); Porch/Patio; Range/Oven; Refrigerator
Listing Office: eXp Realty
Last Updated: February - 26 - 2026
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