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$999,000

  • For Sale
  • Active
  • Multi-Family
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Exceptional 5-unit multifamily investment opportunity in Prescott, offering strong in-place income and full occupancy. The unit mix consists of two 2-bedroom/1-bath units, two 1-bedroom/1-bath unit, and one studio, providing a diversified rental profile that appeals to a broad tenant base.The property is fully occupied with a total annual gross income of $86,160.00, delivering immediate and stable cash flow. Each unit is individually metered for gas and electric, helping to minimize owner expenses and simplify utility management. All tenants are month-to-month allowing for new ownership flexibility.With its desirable unit mix, consistent occupancy, and this property presents an attractive opportunity for both seasoned investors and those looking to expand their multifamily portfolio in a strong rental market at Downtown Prescott.

Full Property Details for 622 Western Ave

General

  • Price: $999,000
  • Status: Active
  • Type: Multi-Family
  • Source: PAAR_Prescott_MLS
  • MLS ID: 1080130
  • Updated: 6/4/2026
  • Added to Site: 124 day(s) ago

Interior

  • Flooring: See Remarks

Exterior

  • Exterior Features: Other

Location

  • County: Yavapai
  • Driving Directions: Well-located in Prescott at 622 / 624 Western Avenue and 201 / 201 1/2 / 203 Garden Street, this multifamily property benefits from a corner setting with dual street frontage, offering convenient access for multiple units and strong rental appeal.

Community

  • Management Type: Owner

Heating & Cooling

  • Cooling Type: Other
  • Heating Type: See Remarks
  • Water Heater: Other - See Remarks

Utilities

  • Onsite: Other

Structural Information

  • # Buildings: 4
  • Construction: Other
  • Roof: Other
  • Stories/Levels: 1
  • Building Size: 3198
  • Square Feet: 3,198
  • Year Built: 1930

Lot Features

  • Lot Size (Acres): 0.17
  • Lot Size (Sq. Ft.): 7,405.2
  • Lot Size Source: Builder
  • Frontage: See Remarks
  • Street/Road Desc.: See Remarks
  • Road Maintenance: See Remarks
  • Zoning: BG

Financial Considerations

  • Terms: Other - See Remarks
  • Owner Pays: Other

Disclosures and Reports

  • Legal Description: FLEURY ADD W2 LOT 17 AP8; W2 LOT 18 AP9 ALL IN BLK 9 404/3 54 3/299
  • APN: 113-12-100
  • Lot Number: 17&18

Listed by Arizona Commercial

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Listing agents

— 622 Western Ave —

  • Arizona Commercial

  • Arizona Commercial

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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 622 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 622 Western Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
4/14/2026
Price Reduced
$999,000
-9.18%
MLS
3/09/2026
Listed
$1,100,000
—
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.

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Listed by Arizona Commercial

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622 Western Avenue, Prescott, AZ 86305 (MLS# 1080130) is a Multi-Family property with units containing 0 bedrooms and 0 full bathrooms. 622 Western Avenue is currently listed for $999,000 and was received on March 09, 2026. Want to learn more about 622 Western 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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