309 S Montezuma Street, Prescott, AZ 86303

$3,400,000
Property Type: Multiple Dwellings Bedrooms: 21 Baths: 20 Status: Active
Current Price: $3,400,000 Last Modified: 10/08/2026

Overview

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.

Listing Details MLS# 7090790

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

Contract Info

Ownership
Fee Simple

General Property Description

Lot Size Dimensions
15565
Year Built
1905
Uncvrd Parking Spcs
20
Total # of Units
20
# of Buildings
2
Zoning
NA

Legal Info

Lot Number
6

Efficiency Units

# Efficiency Units
16
Avg Rent
1246
Avg SqFt
290
# Baths
Yes

More Information

1 Bedroom Units

# 1 Bedroom Units
3
Avg Rent
1609
Avg SqFt
517
# Baths
Yes

2 Bedroom Units

# 2 Bedroom Units
Yes
Avg Rent
1925
Avg SqFt
1200
# Baths
Yes

Structure

Bedrooms Total
21
Bathrooms Total
20

Income Expenses

Gross Annual Sch Inc
358787
Net Operating Income
244029

Showing Notification Methods

Showing Service
No Showing Service Used

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
IDX
Listing Office: Marcus & Millichap
Office Phone: 602-687-6700
Office Email: rsarbinoff@marcusmillichap.com
Last Updated: October - 08 - 2026
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