622 Western Avenue, Prescott, AZ 86305
$1,100,000
Property Type:
Multi-Family
Square Footage:
3,198
Lot Size (sq. ft.):
7,405
Status:
Active
Current Price:
$1,100,000
List Date:
3/09/2026
Last Modified:
3/25/2026
Description
Exceptional 5-unit multifamily investment opportunity in Prescott, offering strong in-place income and full occupancy. The unit mix consists of two 2-bedroom/1-bath units, two 1-bedroom/1-bath unit, and one studio, providing a diversified rental profile that appeals to a broad tenant base.
The property is fully occupied with a total annual gross income of $86,160.00, delivering immediate and stable cash flow. Each unit is individually metered for gas and electric, helping to minimize owner expenses and simplify utility management.
With its desirable unit mix, consistent occupancy, and this property presents an attractive opportunity for both seasoned investors and those looking to expand their multifamily portfolio in a strong rental market at Downtown Prescott.
More Information MLS# 1080130
ContractAddressLegal
Original List Price: 1100000
Listing Date: 2026-03-09
Status: Active
Listing Price: 1100000
Street #: 622
Street Name: Western
St Suffix: Avenue
City/Township: Prescott
State: AZ
Zip Code: 86305
County: Yavapai
Tax Parcel: 113-12-100
General Property Description
Lot #: 17&18
Bedrooms Possible: 7
Lot Size: 7405.2
Aprx Acres: 0.17
Total Liveable SqFt: 3198
Source of Measuremnt: Builder Plans
Buildings: 4
Stories: 1
Year Built: 1930
Management: Owner
Solar Y/N: No
Baths - Full: 5
Unit 1
Unit ID: 201 Garden
Rent $: 1619
Unit 2
Unit ID: 201 1/2 Garden
Rent $: 1000
Unit 3
Unit ID: 203 Garden
Rent $: 1500
Unit 4
Unit ID: 622 Western
Rent $: 1500
Unit 5
Unit ID: 624 Western
Rent $: 1560
Property Features
Building Type: 5+ Units
Construction: Other - See Remarks
Cooling: See Remarks
External Amenities: Other - See Remarks
Flooring: See Remarks
Heating: See Remarks
Owner Pays: Other - See Remarks
Records Available: Other - See Remarks
Road Frontage Type: See Remarks
Road Surface Type: See Remarks
Road Responsibility: See Remarks
Roof: Other - See Remarks
Utilities Installed: Other - See Remarks
Water Heater: Other - See Remarks
Unit 1 Parking: Other - See Remarks
Unit 1 Info: Other - See Remarks
Unit 2 Parking: Other - See Remarks
Unit 2 Info: Other - See Remarks
Unit 3 Parking: Other - See Remarks
Unit 3 Info: Other - See Remarks
Unit 4 Parking: Other - See Remarks
Unit 4 Info: Other - See Remarks
Unit 5 Parking: Other - See Remarks
Unit 5 Info: Other - See Remarks
Documents
5 Unit Multifamily OM ›Listing Office: Arizona Commercial
Last Updated: March - 25 - 2026
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