827 Lincoln Avenue, Prescott, AZ 86301
Local realty services provided by:Better Homes and Gardens Real Estate BloomTree Realty
827 Lincoln Avenue,Prescott, AZ 86301
$699,000
- - Beds
- - Baths
- 2,902 sq. ft.
- Multi-family
- Active
Listed by: geoffrey r hyland, sheila mengarelli
Office: exp realty
MLS#:1080196
Source:AZ_PAAR
Price summary
- Price:$699,000
- Price per sq. ft.:$240.87
About this home
An exceptional opportunity in Prescott offering four separate homes on one parcel, creating flexibility for investors, multi-generational living, or those seeking a private family compound close to downtown. Each residence has its own address, fenced yard, and dedicated parking, providing privacy and independence while still sharing a single property. The layout allows an owner to live in one home while renting the others for potential income, or create a unique multi-generational retreat where everyone enjoys their own private space. The property may also offer vacation rental potential and the possibility of adding another unit (buyer to verify with the City).Located less than one mile from historic downtown Prescott and Whiskey Row, the property provides easy access to restaurants, shopping, entertainment, and local events while maintaining the charm and character that define old Prescott.All units are fully rented with excellent tenants on month-to-month leases, offering flexibility for a new owner. The property has a strong rental history, and residents would like to remain. All tenants have expressed interest in staying and are willing to sign one-year leases during the inspection period. Each home has its own address, adding convenience and flexibility for tenants.For investors, the seller reports a net operating income of $45,530 after expenses, representing approximately a 6.5% cap rate. Seller currently pays HO insurance, flood insurance (less than $2,000 annually), and water, sewer, and trash.An extensive remodel completed in January 2018 included new windows, siding, interior and exterior paint, flooring, updated kitchens and bathrooms, and numerous additional improvements. Two homes have newer roofs. Units 829 and 831 feature HVAC mini-split systems, and Unit 829 includes a tankless water heater.Please note that all units are currently occupied. Showings require a letter of intent and a minimum of 48 hours notice.The sellers also have another nearby property available and may consider a discount for buyers purchasing both. Please inquire about the additional listing at 737 Dameron....
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Home facts
- Year built:1954
- Listing ID #:1080196
- Added:1 day(s) ago
- Updated:March 12, 2026 at 03:27 PM
Rooms and interior
- Flooring:Carpet, Tile, Wood
- Living area:2,902 sq. ft.
Heating and cooling
- Cooling:Ceiling Fan(s), Central Refrigeration, Room Refrigeration
- Heating:Electric, Natural Gas
Structure and exterior
- Year built:1954
- Building area:2,902 sq. ft.
- Exterior Features:Fence
- Levels:1 Story
Utilities
- Sewer:City Sewer
Finances and disclosures
- Price:$699,000
- Price per sq. ft.:$240.87
- Tax amount:$1,370 (2025)
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