Home Giver Group

121 N Willow Street, Prescott, AZ 86305 (MLS# 1078795)

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
The data relating to real estate for sale on this site comes from the Broker Reciprocity/IDX of Prescott Area Association of REALTORS. Information provided is thought to be reliable but is not guaranteed to be accurate. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.Real estate listings held by brokerage firms other than the website owner, are indicated by detailed information about them such as the name of the listing firms. Copyright© 2020 Prescott Area Association of REALTORS. All rights reserved.

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