622 Western Avenue, Prescott, AZ 86305

$999,000
Property Type: Multi-Family Square Footage: 3,198 Lot Size (sq. ft.): 7,405 Status: Active
Current Price: $999,000 List Date: 3/09/2026 Last Modified: 4/14/2026

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

Contract/Address/Legal

List Price/SqFt: 312 Rent/Lease: Yes Neighborhood: N/A REO/Short Sale: Not Applicable Zoning: BG Assessor's Book #: 113 Assessor's Map #: 12 Assessor's Parcel #: 100 Legal: FLEURY ADD W2 LOT 17 AP8; W2 LOT 18 AP9 ALL IN BLK 9 404/3 54 3/299

General Property Description

Aprx Acres: 0.17 Lot #: 17&18 Lot Size: 7405.2 Bedrooms Possible: 7 Buildings: 4 Source of Measuremnt: Builder Plans Stories: 1 Management: Owner Solar Y/N: No Total Liveable SqFt: 3198 Year Built: 1930 Baths - Full: 5

Remarks & Misc

Directions: Well-located in Prescott at 622 / 624 Western Avenue and 201 / 201 1/2 / 203 Garden Street, this multifamily property benefits from a corner setting with dual street frontage, offering convenient access for multiple units and strong rental appeal. Remarks: 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.

Building Type

5+ Units: 1

Construction

Other - See Remarks: 1

Cooling

See Remarks: 1

External Amenities

Other - See Remarks: 1

Flooring

See Remarks: 1

Heating

See Remarks: 1

Owner Pays

Other - See Remarks: 1

Records Available

Other - See Remarks: 1

Road Frontage Type

See Remarks: 1

Road Surface Type

See Remarks: 1

Road Responsibility

See Remarks: 1

Roof

Other - See Remarks: 1

Terms & Conditions

Other - See Remarks: 1

Utilities Installed

Other - See Remarks: 1

Water Heater

Other - See Remarks: 1

Unit 1

Unit ID: 201 Garden Rent $: 1619

Unit 1 Parking

Other - See Remarks: 1

Unit 1 Info

Other - See Remarks: 1

Unit 2

Unit ID: 201 1/2 Garden Rent $: 1000

Unit 2 Parking

Other - See Remarks: 1

Unit 2 Info

Other - See Remarks: 1

Unit 3

Unit ID: 203 Garden Rent $: 1500

Unit 3 Parking

Other - See Remarks: 1

Unit 3 Info

Other - See Remarks: 1

Unit 4

Unit ID: 622 Western Rent $: 1500

Unit 4 Parking

Other - See Remarks: 1

Unit 4 Info

Other - See Remarks: 1

Unit 5

Unit ID: 624 Western Rent $: 1560

Unit 5 Parking

Other - See Remarks: 1

Unit 5 Info

Other - See Remarks: 1

ContractAddressLegal

Original List Price: 1100000 Listing Date: 2026-03-09 Status: Active Listing Price: 999000 Street #: 622 Street Name: Western St Suffix: Avenue City/Township: Prescott State: AZ Zip Code: 86305 County: Yavapai Tax Parcel: 113-12-100

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
Listing Office: Arizona Commercial
Last Updated: April - 14 - 2026
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