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$875,000 Just Listed

  • For Sale
  • Active
  • Multi-Family
  • Updated 1 day ago
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Here's your opportunity to own a piece of Prescott history! This charming 4-plex features lovely original details, wood floors, and the classic Prescott character buyers love. Ideally located close to downtown, this property offers excellent flexibility for investors--continue operating as long-term rentals, explore short-term rental potential (buyer to verify), or create a unique multi-generational living setup.The property is currently owner-managed and operating at an approximate 6.7% cap rate. Tenants are month-to-month and would like to remain, providing immediate income. With its prime location and multiple use options, this is a rare investment opportunity with strong upside.

Full Property Details for 121 N Willow St

General

  • Price: $875,000
  • Taxes: $1,323 (2025)
  • Status: Active
  • Type: Multi-Family
  • Source: PAAR_Prescott_MLS
  • MLS ID: 1078795
  • Updated: 1/15/2026
  • Added to Site: 2 day(s) ago

Interior

  • Flooring: Other, Wood

Exterior

  • Exterior Features: Fence, Balcony

Location

  • County: Yavapai
  • Driving Directions: West on Gurley, Right on Garden, Left on Western. Left on Willow, Willow to Gurley is one way only and you cannot turn down Willow, you MUST go around the block. Can access from Norris or Ash also.

Community

  • Management Type: Owner

Heating & Cooling

  • Cooling Type: Ceiling Fan(s), Room Refrigeration
  • Heating Type: Natural Gas, Wall Furnace
  • Water Heater: Natural Gas

Utilities

  • Water: Public
  • Onsite: Electricity Available, Individual Meter, Natural Gas Available, WWT - City Sewer

Structural Information

  • Construction: Frame
  • Roof: Asphalt
  • Stories/Levels: 2
  • Building Size: 3600
  • Square Feet: 3,600
  • Year Built: 1914

Lot Features

  • Lot Size (Acres): 0.28
  • Lot Size (Sq. Ft.): 12,197
  • Lot Size Source: County Records
  • Frontage: City Street
  • Street/Road Desc.: Paved
  • Road Maintenance: City Maintained Road
  • Zoning: MF-H

Financial Considerations

  • Tax Amount: $1,323
  • Tax Year: 2025
  • Terms: 1031 Exchange, Cash, Conventional, Other - See Remarks
  • Owner Pays: Gas, Sewer, Trash Collection, Water

Disclosures and Reports

  • Legal Description: MURPHYS 1ST SUB LOTS 4 AND 5 LESS THE EAST 30 FT THEREOF
  • APN: 113-11-081
  • Lot Number: 4 & 5

Listed by eXp Realty

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Listing agents

— 121 N Willow St —

  • eXp Realty

  • eXp Realty

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 121 N Willow St

School District:Prescott Unified District
NameGradesDistance
Lincoln Elementary School, Prescott, AZ
201 Park Avenue, Prescott, AZ 86303
K-40.3 mi
Granite Mountain Middle School
1800 North Williamson Valley Road, Prescott, AZ 86305
5-63.2 mi
Prescott High School
1050 Ruth Street, Prescott, AZ 86301
9-121.2 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 121 N Willow St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
1/15/2026
Listed
$875,000
90.22%
MLS
6/26/2019
Sold
$460,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 121 N Willow St

Year
Property Taxes
Change
Tax Assessment
Change
2024
$1,283
—
$65,446
7%
2024
$1,283
4%
$61,244
2%
2022
$1,232
—
$60,227
17%
2022
$1,232
-4%
$51,554
20%
2021
$1,284
—
$43,119
-3%
2020
$1,286
1%
$44,239
100%
2019
$1,270
4%
-100%
2018
$1,225
5%
$32,897
12%
2017
$1,169
-1%
$29,302
54%
2016
$1,176
4%
$19,081
7%
2015
$1,129
-16%
$17,809
4%
2013
$1,337
—
$17,180
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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NMLS#: 1598647

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Listed by eXp Realty

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121 N Willow Street, Prescott, AZ 86305 (MLS# 1078795) is a Multi-Family property with units containing 0 bedrooms and 0 full bathrooms. 121 N Willow Street is currently listed for $875,000 and was received on January 15, 2026. Want to learn more about 121 N Willow Street? Do you have questions about finding other Multi-Family real estate for sale in Prescott? You can browse all Prescott real estate or contact a Coldwell Banker agent to request more information.

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