# 805 White Spar Road, Prescott, AZ 86303

> **TL;DR:** single family, $1,550,000, built 1985. Est. $6,717/mo. Listed 46 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $1,550,000 |
| Year Built | 1985 |
| Lot Size | 15,682 sqft (0.36 acres) |
| Stories | 1 |
| Property Type | Single Family (Other) |
| Status | For Sale |
| Days on Market | 46 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $6,717 |
| **Total** | **$6,717** |

## Property Highlights

- Built in 1985
- 0.36 acre lot
- 11 parking spaces

## Description

### Agent Description
Exceptional investment opportunity in the heart of downtown Prescott! The historic Cascade Motel, originally built in 1946, has undergone a comprehensive interior and exterior renovation in 2024/2025 and is now in excellent, turnkey condition. This 11-unit lodging property consists of three separate, adjacent buildings totaling approximately 3,733 SF, situated on +/-0.36 acres with BG (Business General) zoning. The unit mix includes ten fully renovated studio guest rooms and one 1-bedroom suite currently utilized as an on-site manager's office/residence. All units offer Wi-Fi, cable, and utilities included. Recent interior upgrades include new doors and windows, mini-split HVAC systems, digital door locks, vinyl plank flooring, updated cabinetry and countertops, new sinks and showers, modern lighting, and fresh paint throughout. Exterior improvements feature a new parking lot and concrete walkways, updated landscaping, outdoor patio space, enhanced exterior lighting, security camera system, six new water heaters, and new fencing. Additional amenities include a shared kitchen area, storage room, and a newly constructed laundry facility with four coin-operated washers and dryers, folding table, coin change machine, and laundry accessory vending machine. The property provides 11 on-site parking spaces plus additional parking at the southeast corner of the parcel. Flexible BG zoning allows for multiple operational options, including apartment rentals, daily/weekly/monthly lodging, group home, or other specialty multi-family uses (buyer to verify). A rare owner-operator or investment opportunity in a prime downtown location. Currently operated as mid-term rental (weekly to monthly) with solid occupancy. The CAP rate of 7.85% includes a 5% vacancy factor and 5% repair/reserve factor. Management in place that can transfer to new owner.

## Location

- **Address:** 805 White Spar Road, Prescott, AZ 86303
- **County:** Yavapai
- **Coordinates:** 34.527616, -112.478515
- **Google Maps:** https://www.google.com/maps?q=34.527616,-112.478515

## Listing Agent

- **Name:** Travis R Bard
- **Brokerage:** Keller Williams Arizona Realty
- **Phone:** 9287107007
- **Email:** travis@legacyren.com

## Primary Photo

![805 White Spar Road - Primary Photo](http://lh.rdcpix.com/fd6b260669f2fd833960128ada3eb68bl-f604818995r.jpg)

*40 total photos available on [listing page](https://www.propertysimple.com/listing/805-white-spar-road-prescott-az-86303-1079872)*

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**MLS#:** 1079872 | **Updated:** 2026-04-24
**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/805-white-spar-road-prescott-az-86303-1079872)

---

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