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$1,495,000 -$5,000 (-0.33%) Price Reduced

  • For Sale
  • Active
  • Triplex
  • 4,283 Sq. Ft.
  • 0.17 Acres
  • Updated 2 days ago
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Rare downtown Prescott multi-unit opportunity on one parcel. This Multi-Family High-Density (MF-H) zoned property features three residential units across two buildings totaling approximately 4,283 sq ft, offering strong income potential and flexible use for investors or owner-occupants.The primary residence at 502 Western is a unique 2,808 sq ft concrete home featuring ADA accessibility, elevator access, and a 2-car garage. The main level has possible 2 bedrooms (one with a fireplace), laundry, storage, bath, large safe, and elevator access. The upper level offers two bedrooms, two baths, and a spacious open living area with fireplace and kitchen, plus third-floor storage/attic. Flooring, paint, and appliances were updated in 2020.The Summit Avenue structure totals approximately 1,475 sq ft and includes two additional residential units, updated in 2015. One unit offers possible two bedrooms, one bath, living area, laundry, and private patio. The second unit is a studio apartment with kitchenette, bath, and laundry.Property was previously licensed for short term rental use and was later permitted for short or long term residential occupancy accommodating up to 14 people. Multiple structures are located on one parcel.

Full Property Details for 502 Western Ave

General

  • Price: $1,495,000
  • Taxes: $1,610 (2025)
  • Status: Active
  • Type: Triplex
  • Source: PAAR_Prescott_MLS
  • MLS ID: 1078679
  • Updated: 4/3/2026
  • Added to Site: 83 day(s) ago

Interior

  • Flooring: Carpet, Tile, Wood

Exterior

  • Exterior Features: Fence, Handicap Access, Laundry Facilities, Balcony, Sprinkler/Drip

Location

  • County: Yavapai
  • Subdivision: Fleurys Addition
  • Driving Directions: From downtown Prescott, West on Gurley. Right on N Summit to corner of Summit and Western.

Community

  • Management Type: Owner

Heating & Cooling

  • Cooling Type: Central Refriger
  • Heating Type: Electric, Forced Air
  • Water Heater: Electric, Natural Gas

Utilities

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

Structural Information

  • # Buildings: 2
  • Construction: Block, Frame, Other, Stucco
  • Roof: Asphalt, Rolled/Hot Mop
  • Stories/Levels: 1
  • Building Size: 4283
  • Square Feet: 4,283
  • Year Built: 1960

Lot Features

  • Lot Size (Acres): 0.17
  • Lot Size (Sq. Ft.): 7,405
  • Lot Size Source: County Records
  • Frontage: City Street
  • Street/Road Desc.: Paved
  • Road Maintenance: City Maintained Road
  • Lot Features: Landscaped
  • Zoning: MF-M

Financial Considerations

  • Tax Amount: $1,610
  • Tax Year: 2025
  • Terms: 1031 Exchange, Cash, Conventional
  • Owner Pays: All Utilities

Disclosures and Reports

  • Legal Description: FLEURY ADD E2; W2; ALL LOT 1 BLK 2 530/212
  • APN: 113-12-007
  • Lot Number: 1

Listed by Realty ONE Group Mountain Desert

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Listing agents

— 502 Western Ave —

  • Realty ONE Group Mountain Desert

  • Realty ONE Group Mountain Desert

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 502 Western Ave

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 ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 502 Western Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
4/01/2026
Price Reduced
$1,495,000
-0.33%
MLS
1/12/2026
Listed
$1,500,000
—
MLS
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 502 Western Ave

Year
Property Taxes
Change
Tax Assessment
Change
2024
$1,560
100%
$83,625
—
2024
-100%
$83,606
3%
2022
$1,498
—
$81,499
16%
2022
$1,498
-4%
$70,443
22%
2021
$1,562
—
$57,893
2%
2020
$1,565
1%
$56,653
100%
2019
$1,545
4%
-100%
2018
$1,490
5%
$34,252
9%
2017
$1,421
-1%
$31,516
4%
2016
$1,430
4%
$30,160
11%
2015
$1,373
18%
$27,149
22%
2014
$1,165
—
$22,320
—
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 Realty ONE Group Mountain Desert

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502 Western Avenue, Prescott, AZ 86301 (MLS# 1078679) is a Triplex property with 0 bedrooms and 0 full bathrooms. 502 Western Avenue is currently listed for $1,495,000 and was received on January 12, 2026. Want to learn more about 502 Western Avenue? Do you have questions about finding other Triplex 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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