215 E Willis Street, Prescott, AZ 86301
$1,250,000
Property Type:
Multi-Family
Square Footage:
5,687
Lot Size (sq. ft.):
4,792
Status:
Closed
Current Price:
$1,250,000
List Date:
2/02/2026
Last Modified:
4/09/2026
Description
An outstanding opportunity for a vacation rental business or long-term leases is now available for sale in Downtown Prescott, within walking distance of Courthouse Square. This building currently operates with 5 long-term lease units and 3 vacation units (hosted on Airbnb), with no limitations for a new buyer to convert all units to vacation rentals or long-term rentals, dependent on Buyer's management preference. A major renovation in 2020 included: all-new electrical, upgraded HVAC systems, new central hot water, and a full interior upgrade. Vacation units are fully furnished, functional, and turnkey-ready to continue operating. Each unit is individually metered. On-site coin-operated laundry facilities add convenience for guests and tenants.
More Information MLS# 1076023
ContractAddressLegal
Original List Price: 1350000
Listing Date: 2025-08-28
Status: Closed
Listing Price: 1350000
Street #: 215
Direction: E
Street Name: Willis
St Suffix: Street
City/Township: Prescott
State: AZ
Zip Code: 86301
Subdivision: None
County: Yavapai
Tax Parcel: 113-16-066
General Property Description
Lot #: 1
Lot Size: 4,792
Aprx Acres: 0.11
Total Liveable SqFt: 5687
Source of Measuremnt: County Assessor
Buildings: 1
Stories: 2
Year Built: 1905
Management: Mgmt Company
Gross Vol/Yr $: 121440
NOI $: 95311
Cap %: 6.8
Baths - Full: 8
More than 5 Units: Yes
Tax Info
Taxes: 1596
Tax Year: 2024
Status Change Info
Under Contract Date: 2026-02-18
Sold Date: 2026-04-08
Sold Price: $1,250,000
Sold Price/SqFt: 220
Financing: Conventional
Unit 1
Unit ID: 1A
# BR: 1
# BA: 1
SqFt: 672
Tenant Utilities: All
Unit 2
Unit ID: 1B
# BR: 1
# BA: 1
SqFt: 611
Tenant Utilities: All
Unit 3
Unit ID: 1C
# BR: 1
# BA: 1
SqFt: 420
Tenant Utilities: All
Unit 4
Unit ID: 1D
# BR: 1
# BA: 1
SqFt: 495
Tenant Utilities: All
Unit 5
Unit ID: 2A
# BR: 1
# BA: 1
SqFt: 569
Tenant Utilities: All
Property Features
Building Type: 5+ Units
Construction: Brick; Frame - Wood; Stone
Cooling: Ceiling Fan(s); Heat Pump; Mini-Split
External Amenities: Fence; Laundry Facilities
Flooring: Vinyl
Heating: Forced Air; Heat Pump
Owner Pays: Other - See Remarks
Possession: At Recordation
Records Available: None
Road Frontage Type: City Street
Road Surface Type: Alley Paved; Paved
Road Responsibility: City Maintained Road
Roof: Metal
Utilities Installed: 220; Electricity; Individual Meter; Natural Gas; Water - City; WWT - City Sewer
Water Heater: Central Boiler; Natural Gas; Re-Circulating
Unit 1: Furniture
Unit 1 Parking: None; Other - See Remarks
Unit 1 Info: Ceiling Fan(s); Dishwasher; Disposal; Fire/Smoke Detectors; Range/Oven; Refrigerator; Storage Room; Other - See Remarks
Unit 2 Parking: None; Other - See Remarks
Unit 2 Info: Ceiling Fan(s); Dishwasher; Disposal; Fire/Smoke Detectors; Range/Oven; Refrigerator
Unit 3 Parking: None; Other - See Remarks
Unit 3 Info: Ceiling Fan(s); Dishwasher; Disposal; Fire/Smoke Detectors; Range/Oven; Refrigerator
Unit 4 Parking: None; Other - See Remarks
Unit 4 Info: Ceiling Fan(s); Dishwasher; Fire/Smoke Detectors; Range/Oven; Refrigerator; Other - See Remarks
Unit 5 Parking: None; Other - See Remarks
Unit 5 Info: Ceiling Fan(s); Dishwasher; Disposal; Fire/Smoke Detector; Range/Oven; Refrigerator
Documents
Offering Memorandum ›Listing Office: Arizona Commercial
Last Updated: April - 09 - 2026
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