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$3,750,000 Just Listed

  • For Sale
  • Active
  • Multi-Family
  • Updated 7 hours ago
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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 $20,000/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).

Full Property Details for 710 E Willis St

General

  • Price: $3,750,000
  • Taxes: $6,330 (2025)
  • Status: Active
  • Type: Multi-Family
  • Source: PAAR_Prescott_MLS
  • MLS ID: 1079801
  • Updated: 2/25/2026
  • Added to Site: 2 day(s) ago

Interior

  • Flooring: Carpet, Laminate, Tile

Exterior

  • Exterior Features: Handicap Access

Location

  • County: Yavapai
  • Subdivision: Joslin Whipple
  • Driving Directions: From Gurley Street in Downtown Prescott, head north on Arizona Avenue. Property consists of three parcels located between Willis Street and N Arizona Avenue, addressed as 710 E Willis St and 212 & 214 N Arizona Ave.

Community

  • Management Type: Owner

Heating & Cooling

  • Cooling Type: Ceiling Fan(s), Central Refriger, Evaporative Cooling, Heat Pump, Room Evap
  • Heating Type: Electric, Heat Pump, Natural Gas
  • Water Heater: Natural Gas

Utilities

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

Structural Information

  • # Buildings: 7
  • Construction: Frame
  • Roof: Asphalt
  • Stories/Levels: 0
  • Building Size: 11600
  • Square Feet: 11,600
  • Year Built: 1992

Lot Features

  • Lot Size (Acres): 0.64
  • Lot Size (Sq. Ft.): 28,413
  • Lot Size Source: Owner
  • Frontage: City Street
  • Street/Road Desc.: Paved
  • Road Maintenance: City Maintained Road
  • Lot Features: Landscaped
  • Zoning: MF-M

Financial Considerations

  • Tax Amount: $6,330
  • Tax Year: 2025
  • Terms: 1031 Exchange, Cash, Conventional
  • Owner Pays: None

Disclosures and Reports

  • Multiple Parcels: Yes
  • Legal Description: Parcel 114-04-011 - Lots 9 and 11, Block 17, Joslin-Whipple SubdivisionParcel 114-04-012 - Lot 13 and the South 5 feet of lot 11, Block 17, of Whipple HeightsParcel 114-04-018 - The East 50 feet of Lots 18 and 20, Block 17, Whipple Heights
  • APN: 114-04-011, -012, -018
  • Lot Number: Multi

Listed by Commercial Advisors of Prescott

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Listing agent

— 710 E Willis St —

  • Commercial Advisors of Prescott

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 710 E Willis St

School District:Prescott Unified District
NameGradesDistance
Lincoln Elementary School, Prescott, AZ
201 Park Avenue, Prescott, AZ 86303
K-41 mi
Granite Mountain Middle School
1800 North Williamson Valley Road, Prescott, AZ 86305
5-63.7 mi
Prescott High School
1050 Ruth Street, Prescott, AZ 86301
9-121.5 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 710 E Willis St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
2/24/2026
Listed
$3,750,000
-37.5%
MLS
3/21/2023
Sold
$6,000,000
—
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 710 E Willis St

Year
Property Taxes
Change
Tax Assessment
Change
2024
$3,123
—
$219,842
2%
2024
$3,123
4%
$215,383
—
2022
$2,999
—
$215,862
19%
2022
$2,999
-4%
$181,392
29%
2021
$3,126
—
$140,167
-5%
2020
$3,132
1%
$146,815
100%
2019
$3,092
4%
-100%
2018
$2,983
5%
$57,735
-7%
2017
$2,845
-1%
$62,266
32%
2016
$2,863
4%
$47,038
11%
2015
$2,748
—
$42,522
3%
2014
$2,755
—
$41,374
—
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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214 N Arizona Avenue, Prescott, AZ 86301 (MLS# 1079801) is a Multi-Family property with units containing 0 bedrooms and 0 full bathrooms. 214 N Arizona Avenue is currently listed for $3,750,000 and was received on February 24, 2026. Want to learn more about 214 N Arizona Avenue? 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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