703 Ruth St Prescott, AZ 86301

Two homes, one incredible opportunity. This rare Prescott property offers a main residence plus a private detached cottage--perfect for multi-gen living, Airbnb potential, rental income, or a flexible live/work lifestyle--all in a charming, walkable location......Step into one of Prescott's most enchanting and versatile multi-dwelling properties--featuring a beautifully crafted main residence plus a fully independent cottage, offering exceptional flexibility for multi-generational living, short-term rental income, long-term leasing, guest accommodations, or a private work-from-home retreat. From the moment you arrive, you're welcomed by a white picket fence, lush lawn, and a stunning rose-covered archway that sets the tone for what lies beyond.The main home is rich with warmth and architectural detail, featuring decorative ceiling tiles, high coved ceilings, tall original baseboards, vintage glass doorknobs, stained glass accents, and extensive built-in cabinetry. A cozy wood-burning fireplace with wraparound mantle anchors the living space, creating an inviting atmosphere year-round--especially during the holidays.Step outside and experience a private garden retreat designed for both relaxation and entertaining. Multiple seating areas are surrounded by mature pines, jasmine and honeysuckle vines, Japanese maple, weeping cherry, and plum trees. Host unforgettable evenings under cafe lighting strung across a spacious patio with dimmer controls, or gather beneath the pavilion with chandelier lighting overlooking a tranquil water feature--an ideal setting for dining, entertaining, or simply unwinding.Thoughtful updates throughout the home include new interior and exterior paint, remodeled bathroom, new bedroom carpet, wood flooring in the living room, refreshed kitchen cabinetry, updated tile grout, roof inspection with resealed vents, convection gas range, and timed sprinkler and drip irrigation systems front and back.Adding exceptional flexibility is the detached cottage--a converted carriage house constructed with cedar framing and dense fire brick for efficiency and comfort. This private retreat offers its own gas fireplace, mini split heating and cooling, separate laundry and storage, French doors, a spacious bedroom suite, fenced yard, and private parking access. Perfect as a guest house, in-law suite, income-producing rental, home office, or private studio space.Ideally located in the heart of Prescott, this rare opportunity is within walking distance to Courthouse Square, Rodeo Grounds, hospital, YMCA, Prescott High School, Fry's, shopping, dining, and more--offering convenience, charm, and lifestyle all in one extraordinary property.A truly unique offering that blends character, functionality, and income potential--this is not one you want to miss.