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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).

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Home facts

  • Year built:1992
  • Subdivision & Development:Joslin Whipple
  • Listing ID #:1079801
  • Added:168 day(s) ago
  • Updated:August 12, 2026 at 10:28 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:0.64 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 August 8, 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 AZ_PAAR Member Broker: Benjamin Toma

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