622 / 624 Western Avenue | 201 / 201 1/2 / 203 Garden Street

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Address: 624 Western Ave 201 201, Prescott, AZ 86305, USA
Phoenix & Southwest + Apartment Buildings
Created date: March 7, 2026
Date last updated: September 14, 2026
Price: $999,000Investment Analyzer NEW!
  • Five-unit multifamily property consisting of two 2BR/1BA units, one 3BR/1BA unit, one 1BR/1BA unit, and one studio
  • Annual gross income of $86,160
  • Individually metered for gas and electric, minimizing owner utility expenses
  • Located in Prescott with strong rental demand and long-term investment potential

Property 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, one 3-bedroom/1-bath unit, one 1-bedroom/1-bath unit, and one studio, providing a diversified rental profile that appeals to a broad tenant base. The property has 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. All tenants are month-to-month allowing for new ownership flexibility. 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.
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Broker Details

Abigail Chartier
Abigail Chartier

Arizona Property Brokerage 928-642-3032 MLS ID: 34891 State License Number: SA710066000

Key Property Information

Listing Status: Available
Listing Type: Call for offers
Property Types: Apartment Buildings
Price: $999,000
No. of Units: 5
Lot Size: 0.17 Acres
Opportunity Zone: No
Price per unit: $199,800
Property Website Click Here
Address: 622 / 624 Western Avenue | 201 / 201 1/2 / 203 Garden Street, Prescott, AZ 86305, USA
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