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1490 W Gurley St 3 Unit Apartment Building $759,000 ($253,000/Unit) 6.81% Cap Rate Prescott, AZ 86305
Executive Summary
Fully remodeled and thoughtfully designed, this 1,902 sq. ft. three-unit property offers a rare blend of modern style and proven income potential in desirable Prescott. The sprinklered building has been extensively updated and is currently configured and fully serviced for short-term to medium-term rentals, making it an ideal opportunity for investors seeking immediate cash flow.Each (1/1) unit features stylish contemporary finishes, updated interiors, and comfortable living spaces designed to appeal to today's travelers and extended-stay guests. The property has an established rental history and is set up for seamless operation, offering a turnkey solution for those looking to capitalize on Prescott's strong tourism and relocation market. Whether expanding a portfolio or entering the thriving furnished-rental market, this modernized triplex combines flexibility, safety, and income stability in one of Northern Arizona's most sought-after destinations.
Property Facts
| Price | $759,000 | Apartment Style | Mid-Rise |
| Price Per Unit | $253,000 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.18 AC |
| Cap Rate | 6.81% | Building Size | 1,902 SF |
| No. Units | 3 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1983/2023 |
| Property Subtype | Apartment | Parking Ratio | 3.68/1,000 SF |
| Zoning | BG - Business General | ||
| Price | $759,000 |
| Price Per Unit | $253,000 |
| Sale Type | Investment |
| Cap Rate | 6.81% |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.18 AC |
| Building Size | 1,902 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1983/2023 |
| Parking Ratio | 3.68/1,000 SF |
| Zoning | BG - Business General |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Ceiling Fans
- High Speed Internet Access
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 3 | - | - |
Fairly walkable
40/100
Exceptionally drivable
90/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 111-08-015A | Improvements Assessment | $243,789 |
| Land Assessment | $76,646 | Total Assessment | $320,435 |
Property Taxes
Parcel Number
111-08-015A
Land Assessment
$76,646
Improvements Assessment
$243,789
Total Assessment
$320,435
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1490 W Gurley St
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