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214 N Arizona Avenue
Prescott AZ 86301 US

$3,750,000

Active Listing ID 1079801
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Lot: 0.64 Acres
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Other

$3,750,000

Active Listing ID 1079801
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214 N Arizona Avenue 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, 000/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 Features

  • Facts
  • Lot Size: 0.64 Acres
  • Property Type: Residential Multi Family
  • Property Sub-type: Other
  • Features
  • Cooling System: Central Air, Evaporative Cooling, Ceiling Fan(s), Heat Pump
  • Exterior Finish: Handicap Access
  • Floor Covering: Carpet, Laminate, Tile
  • Roof Type: Asphalt
  • Heating Fuels: Electric (Heating), Heat Pump (Heating), Natural Gas

Property

  • propertytype: Residential Multi Family
  • propertysubtype: Other
  • listprice: 3750000
  • unparsedaddress: 214 N Arizona Avenue
  • postalcity: Prescott
  • stateorprovince: AZ
  • country: US
  • postalcode: 86301
  • bathroomsfull: 0
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 0.64
  • lotsizeunits: Acres
  • lotsizearea: 0.64
  • livingarea: 0
  • livingareaunits: Square Feet
  • latitude: 34.544583
  • longitude: -112.459653
  • listagentfullname: Nick Malouff
  • listagentemail: nickmalouff@gmail.com
  • listagentkey: 3yd-PAARAZ-33595
  • listagentmlsid: 33595
  • listagentpreferredphone: 9289252023
  • listagentofficephone: 9284438800
  • listofficekey: 3yd-PAARAZ-20554000
  • listofficemlsid: 20554000
  • disclaimer: 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.
  • sourcesystemid: PAARAZ
  • yearbuilt: 1992
  • listingcontractdate: 2026-02-24
  • countyorparish: Yavapai
  • parcelnumber: Multi
  • cooling: Central Air, Evaporative Cooling, Ceiling Fan(s), Heat Pump
  • constructionmaterials: Frame
  • flooring: Carpet, Laminate, Tile
  • heating: Electric (Heating), Heat Pump (Heating), Natural Gas
  • numberofunitstotal: 12
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 0
  • parkingtotal: 0
  • roof: Asphalt
  • waterfrontyn: False
  • franchiseaffiliation: None
  • exteriorfeatures: Handicap Access
  • utilities: Natural Gas Available
  • accessibilityfeatures: Accessible Approach with Ramp
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
  • location: -112.459656, 34.544582
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"Commercial Advisors of Prescott", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "CustomSourceId":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"nickmalouff@gmail.com", "ListBrokerageCity":"Prescott", "ListBrokerageCountry":"US", "ListBrokerageEmail":null, "ListBrokerageLogoUrl":null, "ListBrokerageName":"Commercial Advisors of Prescott", "ListBrokeragePhone":"(928) 925-2023", "ListBrokeragePostalCode":null, "ListBrokerageStateOrProvince":"AZ", "ListBrokerageUnitNumber":null, "ListBrokerageUnparsedAddress":"325 W Gurley Ste. 104", "ListBrokerageWebsiteUrl":null, "ListOfficeAddress1":"325 W Gurley Ste. 104 ", "ListOfficeAddress2":null, "ListOfficeBrokerMlsId":"20554000", "ListOfficeCity":"Prescott", "ListOfficeCountry":"USA", "ListOfficeEmail":"nickmalouff@gmail.com", "ListOfficePostalCode":"86301", "ListOfficeStateOrProvince":"AZ", "ListPriceCurrencyType":"USD", "ListingTitle":"MULTI_FAMILY - Prescott, AZ", "ListingURL":"https://www.realtor.com/realestateandhomes-detail/214-N-Arizona-Ave_Prescott_AZ_86301_M12748-02029?f=listhub&s=PAARAZ&m=1079801&c=rexren", "MLSModificationTimestamp":"2026-02-25 21:04:20", "Neighborhoods":[{"Description":null, "Name":"Joslin Whipple"}], "PostalCode":null, "RoomCount":null, "StateOrProvince":null, "Taxes":[{"TaxAnnualAmount":6330, "TaxDescription":"Parcel 114-04-011 - Lots 9 and 11, Block 17, Joslin-Whipple SubdivisionParcel 114-04-012 - Lot 13 and the South 5 feet of lot 11, Block 17, of Whipple HeightsParcel 114-04-018 - The East 50 feet of Lots 18 and 20, Block 17, Whipple Heights", "TaxYear":"2025"}], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 2/25/2026 9:12:21 PM GMT
Source Updated Date: 2/27/2026 7:07:01 AM GMT

Courtesy of: Nick Malouff, Commercial Advisors of Prescott, nickmalouff@gmail.com

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.