Login

214 N Arizona Avenue, Prescott, AZ 86301

Prescott
Local realty services provided by:CENTURY 21 Toma Partners
214 N Arizona Avenue,Prescott, AZ 86301
$3,750,000
  • - Beds
  • - Baths
  • 11,600 sq. ft.
  • Multi-family
  • Active
Listed by: nick malouff
Office: commercial advisors of prescott
MLS#:1079801
Source:AZ_PAAR

Price summary

  • Price:$3,750,000
  • Price per sq. ft.:$323.28

About this home

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).

Contact an agent

contact an agent

Yes, I would like more information. Please use and/or share my information with an independent agent affiliated with the CENTURY 21®  brand to contact me about my real estate needs. By clicking Send message, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If an independent agent affiliated with the CENTURY 21®  brand is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE® , Coldwell Banker® , Corcoran® , ERA® , Sotheby's International Realty® ). I acknowledge that I have read and agree to theTerms of useandPrivacy notice

Home facts

  • Year built:1992
  • Listing ID #:1079801
  • Added:1 day(s) ago
  • Updated:February 26, 2026 at 07:28 PM

Rooms and interior

  • Flooring:Carpet, Laminate, Tile
  • Living area:11,600 sq. ft.

Heating and cooling

  • Cooling:Ceiling Fan(s), Central Refrigeration, Evaporative Cooling, Heat Pump, Room Evap
  • Heating:Electric, Heat Pump, Natural Gas

Structure and exterior

  • Year built:1992
  • Building area:11,600 sq. ft.
  • Lot area:0.65 Acres

Utilities

  • Sewer:City Sewer

Finances and disclosures

  • Price:$3,750,000
  • Price per sq. ft.:$323.28
  • Tax amount:$6,330 (2025)
Copyright 2026 PRESCOTT AREA ASSOCATION OF REALTORS<REGISTERED_LOGO>, INC. Mulitple Listing Service. All rights reserved. Listings courtesy of Prescott Area AOR Inc MLS as distributed by MLS GRID <Last Updated February 26, 2026. Prescott Area AOR Inc MLS provides content displayed here (“provided content”) on an “as is” basis and makes no representations or warranties regarding the provided content, including, but not limited to those of non-infringement, timeliness, accuracy, or completeness. Individuals and companies using information presented are responsible for verification and validation of information they utilize and present to their customers and clients. Prescott Area AOR Inc MLS will not be liable for any damage or loss resulting from use of the provided content or the products available through Portals, IDX, VOW, and/or Syndication. Recipients of this information shall not resell, redistribute, reproduce, modify, or otherwise copy any portion thereof without the expressed written consent of Prescott Area AOR Inc MLS

New listings near 214 N Arizona Avenue