214 N Arizona Avenue Prescott, AZ 86301
Listing Courtesy of: Prescott AZ Area MLS / Better Homes And Gardens Real Estate Bloomtree Realty / Sammy Malouff

  214 N Arizona Avenue Prescott, AZ 86301

Active (7 Days)
$3,750,000 (USD)
11,600
SQFT

Description

Fully leased 12 unit + office multifamily portfolio in Downtown Prescott. Three parcels totaling approximately 0.64 acres with +/-11,600 SF of improvements, 100% leased to a licensed treatment operator under a modified NNN lease structure.Current rent of $20,800/month increases 4% upon renewal, producing $249,600 in annual income post-renewal. Tenant reimburses operating expenses and pays property taxes directly, providing stable, low-management cash flow.Zoned MF-M with long-term flexibility for continued multifamily use or redevelopment. Rare, stabilized investment opportunity in a supply-constrained downtown submarket.Offered at $3,750,000 (~6.66% cap on post-renewal income).

MLS #:
1079801
Taxes
$6,330(2025)
Lot Size
0.65 acres
Type
Multifamily
Year Built
1992
County
Yavapai County

Listed By

Sammy Malouff, Better Homes And Gardens Real Estate Bloomtree Realty
Source
Prescott AZ Area MLS
Last checked Mar 3 2026 at 10:29 PM GMT+0000
Bathroom Details
Subdivision
  • Joslin Whipple
Heating and Cooling
  • Electric
  • Ceiling Fan(s)
  • Room Evap
  • Heat Pump
  • Central Refriger
  • Evaporative Cooling
Flooring
  • Carpet
  • Tile
  • Laminate
Exterior Features
  • Handicap Access
  • Roof: Asphalt
Utility Information
  • Utilities: Wwt - City Sewer, Individual Meter, Electricity Available, Natural Gas Available
  • Fuel: Electric
Location
   
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Disclaimer: Copyright 2026 Prescott Arizona MLS. All rights reserved. This information is deemed reliable, but not guaranteed. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 3/3/26 14:29