$3,400,000
Prescott, AZ 86303
MLS# 7090790
21 beds | 20 baths
1 / 10
Property Description
Built in 1905, The Aspens on Montezuma presents a unique opportunity to acquire a charming, 20-unit multifamily community in the heart of historic Prescott, Arizona. Situated just blocks from the iconic Courthouse Plaza and Whiskey Row, the property offers residents exceptional walkability to downtown's restaurants, boutique retailers, entertainment venues, and year-round community events. Its distinctive architectural character and potential for targeted interior and exterior improvements provide investors with an opportunity to enhance the property's competitive positioning while preserving its historic appeal.
Details
Contract Info
Current Price: $3,400,000
List Price: $3,400,000
Status: Active
List Date: 2026-10-06
Ownership: Fee Simple
Location, Tax & Legal
House Number: 309
Compass: S
Street Name: Montezuma
St Suffix: Street
City/Town Code: Prescott
State/Province: AZ
Zip Code: 86303
Country: US
County Code: Yavapai
Assessor Number: 109-03-015
Tax Year: 2026
General Property Description
Lot Size Dimensions: 15565
Year Built: 1905
Uncvrd Parking Spcs: 20
Total # of Units: 20
# of Buildings: 2
Zoning: NA
Efficiency Units
# Efficiency Units: 16
Avg Rent: 1246
Avg SqFt: 290
# Baths: 1
1 Bedroom Units
# 1 Bedroom Units: 3
Avg Rent: 1609
Avg SqFt: 517
# Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 1
Avg Rent: 1925
Avg SqFt: 1200
# Baths: 1
Structure
Bedrooms Total: 21
Bathrooms Total: 20
Showing Notification Methods
Showing Service: No Showing Service Used
Remarks Misc
Geo Lat: 34.537483
Geo Lon: -112.469795
Legal Info
Lot Number: 6
Income Expenses
Gross Annual Sch Inc: 358787
Net Operating Income: 244029
Property Features
Project Type: 13 - 24 Units
Construction: Wood Frame
Const - Finish: Stucco
Roofing: Composition
Floors: Tile; Vinyl
Sale Includes: Land & Building
Community Features: No Pool
Appliances Included: Built-In Gas Oven; Refrigerator
Cooling: Electric
Water Source: Master Meter
Sewer: Sewer - Public
Electric: APS
Gas: Unisource
Parking Features: 1 Space/Unit
Road Surface Type: Asphalt
Owner Pays: Water; Gas
Tenant Pays: Electricity
Source of Fincl Data: Owner; Projected Proforma
Lockbox Type: None
New Financing: Cash; Conventional; 1031 Exchange
Environmental: None
Listing Office: Marcus & Millichap
Office Phone: 602-687-6700
Office Email: [email protected]
Last Updated: October - 08 - 2026
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