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502 Western Avenue
Prescott AZ 86301 US

$1,500,000

Active Listing ID 1078679
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6 bed
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Lot: 0.17 Acres
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Other

$1,500,000

Active Listing ID 1078679
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502 Western Avenue Rare downtown Prescott multi-unit opportunity on one parcel. This Multi-Family High-Density (MF-H) zoned property features three residential units across two buildings totaling approximately 4, 283 sq ft, offering strong income potential and flexible use for investors or owner-occupants.The primary residence at 502 Western is a unique 2, 808 sq ft concrete home featuring ADA accessibility, elevator access, and a 2-car garage. The main level includes a bedroom with fireplace, family room, laundry, storage, bath, large safe, and elevator access. The upper level offers two bedrooms, two baths, and a spacious open living area with fireplace and kitchen, plus third-floor storage. Flooring, paint, and appliances were updated in 2020.The Summit Avenue structure totals approximately 1, 475 sq ft and includes two additional residential units, updated in 2015. One unit offers two bedrooms, one 3/4 bath, living area, laundry, and private patio. The second unit is a studio apartment with kitchenette, 3/4 bath, and laundry.Property was previously licensed for short-term rental (VRBO) and later licensed for residential occupancy up to 14 people. Buyer to verify current zoning, permitting, and allowable use. Multiple structures are located on one parcel.

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Property Features

  • Facts
  • Lot Size: 0.17 Acres
  • Property Type: Residential Multi Family
  • Property Sub-type: Other
  • Features
  • Cooling System: Central Air
  • Exterior Finish: Fence, Handicap Access, Laundry Facilities, Balcony, Sprinkler/Drip
  • Floor Covering: Carpet, Tile, Wood
  • Roof Type: Asphalt, Rolled Hot Mop
  • Heating Fuels: Electric (Heating), Forced Air

Property

  • propertytype: Residential Multi Family
  • propertysubtype: Other
  • listprice: 1500000
  • unparsedaddress: 502 Western Avenue
  • postalcity: Prescott
  • stateorprovince: AZ
  • country: US
  • postalcode: 86301
  • bathroomsfull: 0
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 0.17
  • lotsizeunits: Acres
  • lotsizearea: 0.17
  • livingarea: 0
  • livingareaunits: Square Feet
  • latitude: 34.544246
  • longitude: -112.475305
  • listagentfullname: Amy Kay Davis
  • listagentemail: amy@yourpeaceofhome.com
  • listagentkey: 3yd-PAARAZ-8629
  • listagentmlsid: 8629
  • listagentpreferredphone: 9283505759
  • listagentofficephone: 9284402522
  • listofficekey: 3yd-PAARAZ-5542000
  • listofficemlsid: 5542000
  • 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: 1960
  • listingcontractdate: 2026-01-12
  • listagenturl: http://www.realtyonegrouparizona.com
  • countyorparish: Yavapai
  • parcelnumber: 1
  • cooling: Central Air
  • constructionmaterials: Block, Frame, Stucco
  • flooring: Carpet, Tile, Wood
  • heating: Electric (Heating), Forced Air
  • numberofunitstotal: 3
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 1
  • parkingtotal: 0
  • roof: Asphalt, Rolled Hot Mop
  • waterfrontyn: False
  • franchiseaffiliation: Realty ONE Group
  • exteriorfeatures: Fence, Handicap Access, Laundry Facilities, Balcony, Sprinkler/Drip
  • rooms: Bedroom 6, Bedroom 2, Bedroom 4, Bathroom 3, Bedroom 5, Bathroom 4, Bathroom 5, Bedroom 1, Bathroom 1, Bedroom 3, Bathroom 2
  • utilities: Cable Available
  • accessibilityfeatures: Accessible Approach with Ramp
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • fencing: Fenced
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
  • location: -112.4753, 34.544247
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"Realty ONE Group Mountain Desert", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "CustomSourceId":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"amy@yourpeaceofhome.com", "ListBrokerageCity":"Prescott", "ListBrokerageCountry":"US", "ListBrokerageEmail":"info@rogmd.com", "ListBrokerageLogoUrl":"http://brokerlogos.listhub.net/PAARAZ/3edae911edcd11e4b93556c70be610a9/20170720061645551.png", "ListBrokerageName":"Realty ONE Group Mountain Desert", "ListBrokeragePhone":"(928) 680-7350", "ListBrokeragePostalCode":"86301", "ListBrokerageStateOrProvince":"AZ", "ListBrokerageUnitNumber":"200", "ListBrokerageUnparsedAddress":"100 E. Sheldon St.", "ListBrokerageWebsiteUrl":"http://www.realtyonegrouparizona.com", "ListOfficeAddress1":"100 E Sheldon Street Suite 200", "ListOfficeAddress2":"200", "ListOfficeBrokerMlsId":"5542000", "ListOfficeCity":"Prescott", "ListOfficeCountry":"USA", "ListOfficeEmail":"broker@rogmd.com", "ListOfficePostalCode":"86301", "ListOfficeStateOrProvince":"AZ", "ListPriceCurrencyType":"USD", "ListingTitle":"MULTI_FAMILY - Prescott, AZ", "ListingURL":"https://www.realtor.com/realestateandhomes-detail/502-Western-Ave_Prescott_AZ_86301_M93344-82899?f=listhub&s=PAARAZ&m=1078679&c=rexren", "MLSModificationTimestamp":"2026-01-12 12:47:20", "Neighborhoods":[{"Description":null, "Name":"Fleurys Addition"}], "PostalCode":null, "RoomCount":null, "StateOrProvince":null, "Taxes":[{"TaxAnnualAmount":1610, "TaxDescription":"FLEURY ADD E2; W2; ALL LOT 1 BLK 2 530/212", "TaxYear":"2025"}], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 1/12/2026 1:03:27 PM GMT
Source Updated Date: 1/12/2026 6:48:09 PM GMT

Courtesy of: Amy Kay Davis, Realty ONE Group Mountain Desert, amy@yourpeaceofhome.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.