Ad #7318144
MLS #1079801
Fully leased 12 unit + office multifamily portfolio in Downtown
214 N Arizona Ave, Prescott, Arizona, 86301
$3,750,000
0Beds
0Baths
0Sqft
0.640Acres
About this property
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).
Property Features
0 Beds
0 Baths
0 Sqft
Built in 1992
0.640 Acres
Siding: Frame
Asphalt Roof
Heat Pump (Heating), Natural Gas, Electric (Heating)
$6,330 / yr property tax
Yavapai County
Joslin Whipple Community
Additional Photos
Contact Information
Nick Malouff
Commercial Advisors of Prescott
928-925-2023
Location
Listing Agent: Nick Malouff 928-925-2023
Broker: Commercial Advisors of Prescott 928-925-2023 Listing Site
Copyright © 2026 Prescott Area Association of Realtors®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Broker: Commercial Advisors of Prescott 928-925-2023 Listing Site
Copyright © 2026 Prescott Area Association of Realtors®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
BarrierFreeHome.com
Printed Jul 15, 2026
Photo Gallery
$3,750,000
0
Beds
0
Baths
0
Sqft
214 N Arizona Ave, Prescott, Arizona, 86301
By contacting this agent you agree to these Terms and Conditions.
MLS# 1079801
Fully leased 12 unit + office multifamily portfolio in Downtown
$3,750,000
214 N Arizona Ave, Prescott, Arizona, 86301
0
Beds
0
Baths
0
Sqft
0.640
Acres
$3,750,000
214 N Arizona Ave, Prescott, Arizona, 86301
0 Beds
0 Baths
0 Sqft
0.640 Acres
Accessibility Features
Accessible Approach with Ramp
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).
140 days
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Property Details
HOME DETAILS
0 Beds
0 Baths
0 Sqft
Built in 1992
0.640 Acres
EXTERIOR
Siding: Frame
Asphalt Roof
INTERIOR
Heat Pump (Heating), Natural Gas, Electric (Heating)
FINANCIAL & COMMUNITY
$6,330 / yr property tax
Yavapai County
Joslin Whipple Community
See More Details
Location
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Ad Statistics
Ad Number
7318144
Viewed
134 times
Listing Status
Active
Added
Feb 24, 2026
Last Refresh
Jul 15, 2026 06:28:50 PM
Listing Information
Data Source
Prescott Area Association of Realtors®
Source Property ID
1079801
Listing Agent: Nick Malouff 928-925-2023
Broker: Commercial Advisors of Prescott 928-925-2023 Listing Site
Copyright © 2026 Prescott Area Association of Realtors®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Broker: Commercial Advisors of Prescott 928-925-2023 Listing Site
Copyright © 2026 Prescott Area Association of Realtors®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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