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$350,000
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Property Description
Fix & Flip, Scrape and Redevelop, or Design build new multifamily. Unlock a rare opportunity to develop in the heart of Prescott! This .38-acre multifamily infill parcel, zoned MF-M, boasts a prime downtown location and the potential for 6 units (buyer to verify). With flat topography, easy street access, and utilities nearby, this is the perfect canvas for investors and developers eager to capitalize on Prescott's booming rental market. Don't miss out on this supply-constrained gem!
Full Property Details
Full Property Details for 259 & 261 Vallejo St
General
- Price: $350,000
- Taxes: $1,015 (2025)
- Status: Active
- Type: Lots/Land
- Source: PAAR_Prescott_MLS
- MLS ID: 1073086
- Updated: 10/7/2025
- Added to Site: 287 day(s) ago
Location
- County: Yavapai
- Subdivision: Dameron Park Add
- Driving Directions: Montezuma west on Navajo to 1st street, south to Vallejo.
Community
- Community Features: None
- Pet Restrictions: Domestics
Utilities
- Water: Public
- Onsite: Electricity Available, WWT - City Sewer
Structural Information
- Stories/Levels: 0
Lot Features
- Property View: City
- Lot Size (Acres): 0.38
- Lot Size (Sq. Ft.): 16,553
- Frontage: City Street
- Access Info: City Maintained Road
- Street/Road Desc.: Asphalt, Paved
- Fence: Yes
- Topography: Level
- Land Improvements: Building Pad, Existing Foundation, Sidewalk(s)
- Zoning: MF-M (MH)
- Fencing (Description): Rock, Wire
Financial Considerations
- Tax Amount: $1,015
- Tax Year: 2025
- Terms: 1031 Exchange, Cash
Disclosures and Reports
- Multiple Parcels: Yes
- Legal Description: DAMERON PARK ADD LOT 4 & 5 BLK 25
- Prop. Restrictions: MFG/MOB Homes Only, Multi-Family, SB or MFG Homes
- APN: 113-03-060
- Lot Number: 4 & 5
Listed by Arizona Commercial
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Schools
Schools serving 259 & 261 Vallejo St
School District:Prescott Unified District
| Name | Grades | Distance |
|---|---|---|
Lincoln Elementary School, Prescott, AZ 201 Park Avenue, Prescott, AZ 86303 | K-4 | 0.7 mi |
Granite Mountain Middle School 1800 North Williamson Valley Road, Prescott, AZ 86305 | 5-6 | 3 mi |
Prescott Mile High Middle School 300 South Granite Street, Prescott, AZ 86303 | 7-8 | 0.8 mi |
Prescott High School 1050 Ruth Street, Prescott, AZ 86301 | 9-12 | 0.9 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 259 & 261 Vallejo St
Date
Details
Price
Change
Source
5/08/2025
Listed
$350,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 259 & 261 Vallejo St
259 & 261 Vallejo Street, Prescott, AZ 86301 (MLS# 1073086) is a Lots/Land property with a lot size of 0.38 acres. 259 & 261 Vallejo Street is currently listed for $350,000 and was received on May 08, 2025. Want to learn more about 259 & 261 Vallejo Street? Do you have questions about finding other Lots/Land real estate for sale in Prescott? You can browse all Prescott real estate or contact a Coldwell Banker agent to request more information.

