Date
Details
Price
Change
Source
1/12/2026
Listed
$1,500,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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$1,500,000 Just Listed
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Property Description
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 includes a bedroom with fireplace, family room, 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. 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 two bedrooms, one 3/4 bath, living area, laundry, and private patio. The second unit is a studio apartment with kitchenette, 3/4 bath, and laundry.Property was previously licensed for short-term rental and later licensed for residential occupancy. Buyer to verify current zoning, permitting, and allowable use. Multiple structures are located on one parcel.
Full Property Details
Full Property Details for 502 Western Ave
General
- Price: $1,500,000
- Taxes: $1,610 (2025)
- Status: Active
- Type: Triplex
- Source: PAAR_Prescott_MLS
- MLS ID: 1078679
- Updated: 1/13/2026
- Added to Site: 5 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 —
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Schools
Schools serving 502 Western Ave
School District:Prescott Unified District
| Name | Grades | Distance |
|---|---|---|
Lincoln Elementary School, Prescott, AZ 201 Park Avenue, Prescott, AZ 86303 | K-4 | 0.3 mi |
Granite Mountain Middle School 1800 North Williamson Valley Road, Prescott, AZ 86305 | 5-6 | 3.2 mi |
Prescott High School 1050 Ruth Street, Prescott, AZ 86301 | 9-12 | 1.2 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 502 Western Ave
Tax History
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
—
Disclaimer: Historical tax 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 502 Western Ave
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- Mobile Home
- Active
- Updated 1 day ago
- 3Beds
- 2Total Baths
- Single Family
- Active
- Updated 4 days ago
- 2Beds
- 2Total Baths
- 2,282Sq. Ft.
- Single Family
- Active
- Updated 3 days ago
- 3Beds
- 2Total Baths
- 1,796Sq. Ft.
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- Single Family
- Active
- Updated 1 day ago
- 4Beds
- 3Total Baths
- 2,105Sq. Ft.
- Single Family
- Active
- Updated 4 days ago
- 4Beds
- 3Total Baths
- 2,636Sq. Ft.
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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 $1,500,000 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.