223 E Willis Street, Prescott, AZ 86301
$1,300,000
Property Type:
Multi-Family
Square Footage:
4,563
Lot Size (sq. ft.):
2,614
Status:
Closed
Current Price:
$1,300,000
List Date:
8/15/2025
Last Modified:
1/21/2026
Description
Rare Downtown Prescott Apartment Opportunity - Fully Remodeled 8-Unit Building
Now available—an exceptionally rare find in the heart of downtown Prescott! This eight-unit residential apartment building offers a prime location just three blocks from the historic Courthouse Square, restaurants, shops, and all the charm of downtown living.
Every apartment has been thoughtfully remodeled with updated flooring, modern kitchenette spaces, and upgraded windows to bring in abundant natural light. The property also includes a fully remodeled basement apartment for added versatility. Residents enjoy the convenience of an on-site coin-operated laundry facility with brand-new machines (two washers and two dryers).
With its combination of modern updates and unbeatable location, this property is ideal for investors or those looking to own a piece of Prescott's limited downtown residential market. Title is being held open see private remarks.
More Information MLS# 1075746
ContractAddressLegal
Original List Price: 1650000
Listing Date: 2025-08-15
Status: Closed
Listing Price: 1300000
Street #: 223
Direction: E
Street Name: Willis
St Suffix: Street
City/Township: Prescott
State: AZ
Zip Code: 86301
Subdivision: Prescott Original Township
County: Yavapai
Tax Parcel: 113-16-067
General Property Description
Lot #: 1
Lot Size: 2,614
Aprx Acres: 0.06
Total Liveable SqFt: 4563
Source of Measuremnt: County Assessor
Buildings: 1
Stories: 3
Year Built: 1967
Management: Mgmt Company
Gross Vol/Yr $: 132251
NOI $: 101958
Vac Rate %: 5
Cap %: 6.18
HOA Y/N: No
Baths - Full: 8
More than 5 Units: Yes
Tax Info
Taxes: 2297
Tax Year: 2024
Status Change Info
Under Contract Date: 2025-11-25
Sold Date: 2026-01-20
Sold Price: $1,300,000
Sold Price/SqFt: 285
Financing: Conventional
Property Features
Building Type: 5+ Units; Residential+
Construction: Brick
Cooling: Ceiling Fan(s); Room Refrigeration
External Amenities: Laundry Facilities
Flooring: Carpet; Vinyl
Heating: Natural Gas; Other; See Remarks
Owner Pays: Other - See Remarks
Possession: At Recordation
Records Available: None
Road Frontage Type: City Street
Road Surface Type: Asphalt
Road Responsibility: City Maintained Road
Roof: Asphalt Shingle
Utilities Installed: 220; Cable TV; Natural Gas
Water Heater: Central Boiler; Natural Gas
Unit 1 Parking: 1 Car
Unit 1 Info: Ceiling Fan(s)
Listing Office: Delex Realty, LLC
Last Updated: January - 21 - 2026
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