$4,000,000

403 Clark St Jerome, AZ 86331

Estimated payment $22,714/month

Total Views 2,026
-- Bed
-- Bath
21,849 Sq Ft
$183 Price per Sq Ft

Highlights

  • No HOA
  • Landscaped
  • Ceiling Fan
  • Tile Flooring
  • Forced Air Heating System
  • Baseboard Heating

About This Home

Step back in time and own a piece of Jerome history! Perched majestically on the Jerome Hillside, overlooking the stunning Verde Valley, this 107-year-old gem whispers tales of the past. Originally built in 1918 by the UVX Mining Company to house its medical staff, this mixed-use property boasts timeless architecture and a prime location in the heart of Jerome's bustling visitor district. Featuring 21 residential units, 9 commercial spaces, and an adjacent 0.61-acre parking lot (48 spaces), this 21,850 sq ft property offers significant upside potential. Capitalize on the opportunity to increase rents, fill vacancies, and develop the additional lot for even greater income streams. With its captivating history, walkable location, diverse tenant mix, and 315 feet of highway frontage you can

Listing Agent

Matthew Fish

Prescott Commercial Real Estate License #BR626105000 Listed on: 05/02/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,478

Year Built

  • Built in 1918

Lot Details

  • 1.17 Acre Lot
  • Property fronts a state road
  • Landscaped
  • Additional Parcels

Parking

  • Driveway

Home Design

  • Block Foundation
  • Rolled or Hot Mop Roof
  • Stucco Exterior

Interior Spaces

  • 21,849 Sq Ft Home
  • 3-Story Property
  • Ceiling Fan

Flooring

  • Carpet
  • Concrete
  • Tile

Utilities

  • Refrigerated and Evaporative Cooling System
  • Evaporated cooling system
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Baseboard Heating
  • Underground Utilities
  • Master Meter

Listing and Financial Details

  • Assessor Parcel Number 152

Community Details

Overview

  • No Home Owners Association
  • 30 Units
  • Built by UVX Mining Company

Amenities

  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,478

Year Built

Built in 1918

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • FILLYEARBUILT: 1918
  • Exclusions: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1918

Interior Features

  • Flooring: Carpet, Concrete, Tile
  • Number Of Buildings: 1
  • Owner Pays: Other
  • Stories: 3

Exterior Features

  • Builder Name: UVX Mining Company
  • Exterior Features: Laundry Facilities, Balcony, Storage
  • Roof: Rolled/Hot Mop
  • Lot Features: Landscaped
  • Road Frontage Type: City Street, State Road
  • Road Surface Type: Alley Paved, Asphalt, Concrete, Paved
  • Construction Type: Block, Frame, Stucco
  • Neighborhood: N/A

Utilities

  • Cooling: Ceiling Fan(s), Evaporative Cooling, Ductless, Room Refrigeration
  • Heating: Baseboard, Electric, Forced - Gas, Natural Gas, Wall Furnace
  • Utilities: Electricity Available, Individual Meter, Master Meters, Natural Gas Available, Phone Available, Underground Utilities, WWT - City Sewer
  • Water Source: Public
  • Water Heater: Electric,Tankless Water Heater,Two or More

Condo/Co-op/Association

  • Association: No
  • Management: Owner

Lot Info

  • Zoning: C1
  • Lot Size Acres: 1.17
  • Lot Size Sq Ft: 50965.2
  • Additional Parcels: Yes
  • Parcel #: 1
  • AssessorsBook: 401
  • AssessorsMap: 6
  • AssessorsParcel: 152
  • AssessorParcelLtr: h
  • AssessmentsFrequency: Annual

Rental Info

  • RentLease: No

Tax Info

  • Year: 2024
  • Tax Annual Amount: 7478
  • Tax Parcel Letter: 401-06-152h

Multi Family

  • Number Of Units Total: 30
  • VacancyRate: 16.00
  • MoreThan5Units: Yes

Map

Range of Values:

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Average Value
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2026 $7,046 -- -- --
2024 $6,993 -- -- --
2023 $6,993 $372,675 $15,941 $356,734
2022 $6,889 $331,054 $26,345 $304,709
2021 $7,177 $292,977 $26,345 $266,632
2020 $6,687 $0 $0 $0
2019 $6,546 $0 $0 $0
2018 $6,264 $0 $0 $0
2017 $6,743 $0 $0 $0
2016 $6,566 $0 $0 $0
2015 -- $0 $0 $0
2014 -- $0 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/16/2025 05/16/25 Price Changed $4,000,000 -90.0% $183 / Sq Ft
04/30/2025 04/30/25 For Sale $40,000,000 -- $1,831 / Sq Ft
Source: Prescott Area Association of REALTORS®

Mortgage History

Date Status Loan Amount Loan Type
Closed $590,000 Future Advance Clause Open End Mortgage
Closed $870,000 Commercial
Source: Public Records

Similar Home in Jerome, AZ

  • 403 Clark St, Jerome, AZ 86331

    $4,000,000

    • Studio
    • 21,849 Sq Ft
    • 403 Clark St
    • Jerome, AZ

    Step back in time and own piece of Jerome history! Perched majestically on the Jerome Hillside, overlooking the stunning Verde Valley, this 107 year old gem whispers tales of the past. Originally built in 1918 by the UVX Mining Company to house its medical staff, this mixed-use property boasts timeless architecture and a prime location in the heart of Jerome's bustling visitor district.

    Matthew Fish Prescott Commercial Real Estat

    Section Image

Source: Prescott Area Association of REALTORS®

MLS Number: 1072946

Prescott Area Association of REALTORS®

APN: 401-06-152H