$1,325,000
Prescott, AZ 86303
MLS# 7006567
Status: UCB (Under Contract-Backups)
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Property Description
One of a kind income property in beautiful downtown Prescott, just a stroll to the Historic Courthouse Square. Property listed on the Historic Register, original build being 1919, the 3rd unit being added in the 2002, but in-keeping with the flair of the original charming structure. Updated throughout, including plumbing & electrical. Operating as a successful medium term rental business (94% of occupancy in 2025 was 1-6 months leases) with financial reports showing consistent figures, available to qualified serious buyers. Three units total; The Cottage - 1400 sq ft, 2 bed/2 bath, single level with large, private courtyard for outside living. The Townhouse: 1100 sq ft, 2 bed/I.5 bath, 2 levels w personal yard space. The Terrace: 1100 sq ft, 2 bed/1 bath, upper unit with cozy, ...
Details
Maps
Contract Info
Ownership: Fee Simple
Current Price: $1,325,000
List Price: $1,325,000
Status: UCB (Under Contract-Backups)
List Date: 2026-03-31
Location, Tax & Legal
Assessor's Map #: 1
Legal Description (Abbrev): LOT 13 AP4; N 59 FT LOT 15 AP6; N 59 FT LOT 17AP8; N 59 FT LOT 19 AP10; ALL IN BLOCK 17 PRESCOTT BOO
Assessor's Parcel #: 41
Add'l Parcels: No
Tax Municipality: Prescott
Census Tract: 801
Taxes: 2276
Legal: LOT 13 AP4; N 59 FT LOT 15 AP6; N 59 FT LOT 17AP8; N 59 FT LOT 19 AP10; ALL IN BLOCK 17 PRESCOTT BOO
Marketing Name: ---
House Number: 325
Compass: E
Street Name: UNION
St Suffix: Street
City/Town Code: Prescott
State/Province: AZ
Zip Code: 86303
Zip4: 3821
Country: US
County Code: Yavapai
Subdivision: PRESCOTT
Assessor Number: 109-01-041
Tax Year: 2025
General Property Description
# of Buildings: 1
Uncvrd Parking Spcs: 6
Lot Size Dimensions: ---
Total # of Units: 3
Elementary School District: Prescott Unified District
High School District: Prescott Unified District
Year Built: 1919
Zoning: MF-H
Legal Info
Range: 2W
Section: 4
Township: 13
Block: 17
Lot Number: 13
Project Type
Tri-Plex: 1
Construction
Wood Frame: 1
Brick: 1
Const - Finish
Painted: 1
Stucco: 1
Roofing
Composition: 1
Floors
Tile: 1
Vinyl: 1
Wood: 1
Carpet: 1
Sale Includes
Land & Building: 1
Personal Property: 1
Laundry Equipment: 1
Other (See Remarks): 1
Income & Expenses
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 2276
Other Income: 0
Vacancy Allowance: 5
Adjusted Gross Inc: 480000
Pmt & Rate Info
Cap Rate: 6.57
Equity: 1325000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Showing Notification Methods
Showing Service: Aligned Showings
Lockbox Type
See Private Remarks: 1
None: 1
Community Features
Other: 1
Heating
Natural Gas: 1
Cooling
Ceiling Fan(s): 1
Central Air: 1
Other: 1
See Remarks: 1
Tenant Pays
None: 1
Appliances Included
Dishwasher: 1
Microwave: 1
Refrigerator: 1
Built-In Range: 1
Washer/Dryer: 1
W/D Hookup: 1
Road Access Type
City Street: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Owner: 1
Road Responsibility
City Maintained Road: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
>1 Space Per Unit: 1
Off Street: 1
Other: 1
Electric
APS: 1
Gas
Unisource: 1
Owner Pays
Water: 1
Sewer: 1
Electric: 1
Gas: 1
Trash Collection: 1
Cable TV: 1
Landscaping: 1
New Financing
Cash: 1
Conventional: 1
Owner May Carry: 1
1031 Exchange: 1
Other (See Remarks): 1
Reports/Disclosures
Seller Prop Disc Stm: 1
Other (See Remarks): 1
Environmental
None: 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
Avg Rent: 0
2 Bedroom Units
# 2 Bedroom Units: 3
Avg Rent: 3500
Avg SqFt: 1200
# Baths: 15
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
Remarks Misc
Directions: Gurley St, South on Pleasant, West on Union. Property on corner of Pleasant & Union.
Geo Lat: 34.540636
Geo Lon: -112.464938
Income Expenses
Gross Annual Sch Inc: 120000
Net Operating Income: 87000
Property Features
Project Type: Tri-Plex
Construction: Wood Frame; Brick
Const - Finish: Painted; Stucco
Roofing: Composition
Floors: Tile; Vinyl; Wood; Carpet
Sale Includes: Land & Building; Personal Property; Laundry Equipment; Other (See Remarks)
Community Features: Other
Appliances Included: Built-In Range; Refrigerator; Dishwasher; Microwave; Washer/Dryer; W/D Hookup
Heating: Natural Gas
Cooling: Ceiling Fan(s); Central Air; Other; See Remarks
Water Source: City Franchise
Sewer: Sewer - Public
Electric: APS
Gas: Unisource
Parking Features: >1 Space Per Unit; Off Street; Other
Road Access Type: City Street
Road Surface Type: Asphalt
Road Responsibility: City Maintained Road
Owner Pays: Water; Electric; Gas; Trash Collection; Cable TV; Landscaping
Tenant Pays: None
Source of Fincl Data: Owner
Lockbox Type: See Private Remarks; None
New Financing: Cash; Conventional; Owner May Carry; 1031 Exchange; Other (See Remarks)
Environmental: None
Supplements
One of a kind income property in beautiful downtown Prescott, just a stroll to the Historic Courthouse Square. Property listed on the Historic Register, original build being 1919, the 3rd unit being added in the 2002, but in-keeping with the flair of the original charming structure. Updated throughout, including plumbing & electrical. Operating as a successful medium term rental business (94% of occupancy in 2025 was 1-6 months leases) with financial reports showing consistent figures, available to qualified serious buyers. Three units total; The Cottage - 1400 sq ft, 2 bed/2 bath, single level with large, private courtyard for outside living. The Townhouse: 1100 sq ft, 2 bed/I.5 bath, 2 levels w personal yard space. The Terrace: 1100 sq ft, 2 bed/1 bath, upper unit with cozy, north facing deck. All units fully furnished & equipped and have individual laundry facilities and climate control systems. Potential for owner occupancy and rent other two units. Each unit has their own character & personality, not to mention LOCATION LOCATION LOCATION. Paved parking in front on Union St, and additional street parking on Pleasant. Owner will carry with substantial down payment, inquire for additional terms. ALL UNITS CURRENTLY OCCUPIED. PLEASE respect tenants rights, do not disturb! In person showings only with accepted offer.
Listing Office: RMA-Mountain Properties
Last Updated: April - 30 - 2026
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