502 Western Ave Prescott, AZ 86301
Estimated payment $7,900/month
Highlights
- Wood Flooring
- No HOA
- Drip System Landscaping
- Lincoln Elementary School Rated A-
- Handicap Accessible
- Forced Air Heating System
About This Home
Rare downtown Prescott multi-unit opportunity on one parcel. This Multi-Family High-Density (MF-H) zoned property features three residential units across two buildings totaling approximately 4,283 sq ft, offering strong income potential and flexible use for investors or owner-occupants.The primary residence at 502 Western is a unique 2,808 sq ft concrete home featuring ADA accessibility, elevator access, and a 2-car garage. The main level includes a bedroom with fireplace, family room, laundry, storage, bath, large safe, and elevator access. The upper level offers two bedrooms, two baths, and a spacious open living area with fireplace and kitchen, plus third-floor storage. Flooring, paint, and appliances were updated in 2020.The Summit Avenue structure totals approximately 1,475 sq ft and includes two additional residential units, updated in 2015. One unit offers two bedrooms, one 3/4 bath, living area, laundry, and private patio. The second unit is a studio apartment with kitchenette, 3/4 bath, and laundry.Property was previously licensed for short-term rental and later licensed for residential occupancy. Buyer to verify current zoning, permitting, and allowable use. Multiple structures are located on one parcel.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,610
Year Built
- Built in 1960
Lot Details
- 7,405 Sq Ft Lot
- Fenced
- Drip System Landscaping
Parking
- 2 Car Parking Spaces
Home Design
- Block Foundation
- Rolled or Hot Mop Roof
- Stucco Exterior
Interior Spaces
- 4,283 Sq Ft Home
- 1-Story Property
Flooring
- Wood
- Carpet
- Tile
Bedrooms and Bathrooms
- 6 Bedrooms
- 5 Bathrooms
Accessible Home Design
- Handicap Accessible
Utilities
- Refrigerated and Evaporative Cooling System
- Forced Air Heating System
- 220 Volts
Listing and Financial Details
- Assessor Parcel Number 7
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 3 Units
- Fleurys Addition Subdivision
Amenities
- Laundry Facilities
Map
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 | $1,560 | $83,625 | -- | -- |
| 2024 | $1,529 | $81,499 | -- | -- |
| 2023 | $1,529 | $70,443 | $7,789 | $62,654 |
| 2022 | $1,498 | $57,893 | $8,301 | $49,592 |
| 2021 | $1,562 | $56,653 | $7,263 | $49,390 |
| 2020 | $1,565 | $0 | $0 | $0 |
| 2019 | $1,545 | $0 | $0 | $0 |
| 2018 | $1,490 | $0 | $0 | $0 |
| 2017 | $1,421 | $0 | $0 | $0 |
| 2016 | $1,430 | $0 | $0 | $0 |
| 2015 | -- | $0 | $0 | $0 |
| 2014 | -- | $0 | $0 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 01/13/2026 01/13/26 | For Rent | $9,000 | 0.0% | -- | |
| 01/12/2026 01/12/26 | For Sale | $1,500,000 | +62.2% | $350 / Sq Ft | |
| 06/25/2021 06/25/21 | Sold | $925,000 | -15.9% | $216 / Sq Ft | View Prior Sale |
| 05/26/2021 05/26/21 | Pending | -- | -- | -- | |
| 04/21/2021 04/21/21 | For Sale | $1,100,000 | +214.3% | $257 / Sq Ft | |
| 12/30/2014 12/30/14 | Sold | $350,000 | -12.3% | $81 / Sq Ft | View Prior Sale |
| 11/30/2014 11/30/14 | Pending | -- | -- | -- | |
| 07/17/2014 07/17/14 | For Sale | $399,000 | -- | $93 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | None Listed On Document | |
| Warranty Deed | $925,000 | Yavapai Title | |
| Warranty Deed | -- | Yavapai Title | |
| Warranty Deed | -- | Yavapai Title | |
| Warranty Deed | $350,000 | Yavapai Title Agency | |
| Warranty Deed | -- | None Available |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $342,000 | New Conventional | |
| Previous Owner | $262,500 | New Conventional |
Source: Prescott Area Association of REALTORS®
MLS Number: 1078679
APN: 113-12-007
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