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$3,750,000
0
Beds
0
Baths
0
Sqft
214 N Arizona Avenue, Prescott, Arizona, 86301
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MLS# 1079801
Fully leased 12 unit + office multifamily portfolio in Downtown
$3,750,000
214 N Arizona Avenue, Prescott, Arizona, 86301
0
Beds
0
Baths
0
Sqft
0.640
Acres
$3,750,000
214 N Arizona Avenue, 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).
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Property Details
0 Beds
0 Baths
0 Sqft
Built 1992
0.640 Acres
No Patio
Electric (Heating), Heat Pump (Heating), Natural Gas
Siding : Frame
Asphalt Roof
$6,330 Property Tax
Joslin Whipple Community
Yavapai County
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Location
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Ad Statistics
Ad Number
7318144
Viewed
20 times
Added
Feb 24, 2026
Updated on
Feb 26, 2026
Listing Information
Data Source
Prescott Area Association of Realtors®
Source Property ID
1079801
Compliance
Listing Agent: Nick Malouff, Commercial Advisors of Prescott, 928-925-2023, 928-925-2023 Listing Site, Listing Status: Active
Copyright © 2025 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.
Copyright © 2025 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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