# 214 N Arizona Avenue, Prescott, AZ 86301

> **TL;DR:** residential multi family, $3,750,000, built 1992.
> A/C. Est. $16,250/mo. Listed 45 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $3,750,000 |
| Year Built | 1992 |
| Lot Size | 27,878 sqft (0.64 acres) |
| Property Type | Residential Multi Family (Other) |
| Status | For Sale |
| Days on Market | 45 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $16,250 |
| **Total** | **$16,250** |

## Key Amenities

- A/C

## Property Highlights

- Built in 1992
- 0.64 acre lot

## Description

### Agent Description
Fully leased 12 unit + office multifamily portfolio in Downtown Prescott. Three parcels totaling approximately 0.64 acres with +/-11,600 SF of improvements, 100% leased to a licensed treatment operator under a modified NNN lease structure.Current rent of $20,800/month increases 4% upon renewal, producing $249,600 in annual income post-renewal. Tenant reimburses operating expenses and pays property taxes directly, providing stable, low-management cash flow.Zoned MF-M with long-term flexibility for continued multifamily use or redevelopment. Rare, stabilized investment opportunity in a supply-constrained downtown submarket.Offered at $3,750,000 (~6.66% cap on post-renewal income).

## Location

- **Address:** 214 N Arizona Avenue, Prescott, AZ 86301
- **County:** Yavapai
- **Neighborhood:** Joslin Whipple
- **Coordinates:** 34.544583, -112.459653
- **Google Maps:** https://www.google.com/maps?q=34.544583,-112.459653

## Listing Agent

- **Name:** Nick Malouff
- **Brokerage:** Commercial Advisors of Prescott
- **Phone:** 9289252023
- **Email:** nickmalouff@gmail.com

## Primary Photo

![214 N Arizona Avenue - Primary Photo](http://lh.rdcpix.com/3be72bbd3876b382afafd12a0c77e820l-f3320938772r.jpg)

*16 total photos available on [listing page](https://www.propertysimple.com/listing/214-n-arizona-avenue-prescott-az-86301-1079801)*

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**MLS#:** 1079801 | **Updated:** 2026-04-25
**Source:** listhub

*Copyright © 2026 Prescott Area Association of Realtors®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/214-n-arizona-avenue-prescott-az-86301-1079801)

---

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