5 Unit Multifamily - Western | Garden

622 / 624 Western Avenue | 201 / 201 1/2 / 203 Garden Street, Prescott, AZ 86305

Property Information

  • For Sale $999,000
  • Property Type Multi-Family
  • Property Size 3,198 SF
  • Units 5
  • Lot Size 0.17 Acre
  • Property Tenancy Multi-Tenant
  • Date Updated May 16, 2026

Description

Well-located in Prescott at 622 / 624 Western Avenue and 201 / 201 1/2 / 203 Garden Street, this multifamily property benefits from a corner setting with dual street frontage, offering convenient access for multiple units and strong rental appeal.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, two 1-bedroom/1-bath unit, and one studio, providing a diversified rental profile that appeals to a broad tenant base. The property is fully occupied with 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.

Highlights

  • Annual gross income of $86,160
  • Five-unit multifamily property consisting of two 2BR/1BA units, two 1BR/1BA units, and one studio
  • Fully occupied with stable in-place income
  • Individually metered for gas and electric, minimizing owner utility expenses
  • Located in Prescott with strong rental demand and long-term investment potential

Contacts

Abigail Chartier

Arizona Commercial Real Estate

Location

Contact Listing Broker
Abigail Chartier

Arizona Commercial Real Estate

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