Prime Multifamily Opportunity Willis Street

For Sale

215 East Willis Street, Prescott, AZ 86301

This Prescott property for sale is located at 215 East Willis Street. The current listed sale price for Prime Multifamily Opportunity Willis Street is $1,350,000. Prime Multifamily Opportunity Willis Street is situated on a lot that is 0.11 acre in size.

Contacts

broker
Matthew Fish

Arizona Commercial Real Estate

Property Details

  • Property Type Multi-Family
  • Property Size 5,687 SF
  • Units 8
  • Lot Size 0.11 Acre
  • Property Tenancy Multi-Tenant
  • Year Built 1905
  • Year Renovated 2020
  • Date Updated Sep 12, 2025
215 E Willis Street is ideally located in the heart of Prescott, AZ, just minutes from Downtown’s historic Courthouse Square, dining, shopping, and cultural attractions. The property benefits from strong visibility and easy access to major thoroughfares, including Gurley Street and AZ-89, connecting residents to the greater Prescott and Quad-City area. Positioned within a walkable neighborhood, the site offers close proximity to grocery stores, coffee shops, and everyday conveniences, making it an attractive location for tenants seeking both lifestyle and accessibility. Prescott’s steady population growth, vibrant community atmosphere, and high demand for quality rental housing further enhance the appeal of this investment opportunity.An outstanding opportunity for a vacation rental business or long-term leases is now available for sale in Downtown Prescott, within walking distance of Courthouse Square. This building currently operates with 5 long-term lease units and 3 vacation units (hosted on Airbnb), with NO limitations for a new buyer to convert ALL units to vacation rentals if desired. A major renovation in 2020 included: all-new electrical, upgraded HVAC systems, new central hot water, and a full interior upgrade. Vacation units are fully furnished, functional, and turnkey-ready to continue operating (included in price). Each unit is individually metered. On-site coin-operated laundry facilities add convenience for guests and tenants. Historically, vacation rentals have achieved 2-2.5x the income of long-term leases, making this a remarkable investment opportunity you won't want to miss.
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Getting around

  • 86/100

    Walk Score ®

  • 59/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Prescott, AZ
  • Zip Code 86301

Points of Interest

  • Tesla Destination Charger

    0.18 miles

  • ChargePoint

    0.18 miles

  • Wilson's Gas Plus

    0.19 miles

  • Blink

    0.28 miles

  • Texaco

    0.45 miles

  • Mike's

    0.54 miles

  • Shell

    0.55 miles

  • Circle K

    0.77 miles

  • Fry's Fuel Center

    1.10 miles

  • Maverik

    1.10 miles

  • Garage on Granite

    0.33 miles

  • Granite Street Parking Garage

    0.33 miles

  • Peavine Trailhead

    3.13 miles

  • Watson Lake Park

    4.14 miles

  • Spence Springs Trailhead

    4.25 miles

  • Lynx Creek Ruin Trailhead

    4.51 miles

  • White Rock TraIlhead

    4.53 miles

  • Aspen Creek Trailhead Parking Lot

    4.60 miles

  • Gold Pan Trailhead

    4.75 miles

  • Salida Gulch Trailhead

    4.81 miles

  • SpringHill Suites Prescott

    0.17 miles

  • Hotel St. Michael

    0.27 miles

  • Hilton Garden Inn Prescott Downtown

    0.27 miles

  • Quality Inn

    0.58 miles

  • Motel 6

    0.60 miles

  • the motor lodge

    0.70 miles

  • Rodeway Inn Prescott

    0.74 miles

  • Best Western Prescottonian

    0.92 miles

  • Prescott Resort and Conference Center

    1.21 miles

  • Highland Hotel

    1.77 miles

  • Sprouts Farmers Market

    0.23 miles

  • Fry's Food and Drug

    1.19 miles

  • Whole Foods Market

    1.48 miles

  • Safeway

    1.61 miles

  • Walmart Supercenter

    1.88 miles

  • Natural Grocers

    1.99 miles

  • Target

    2.00 miles

  • Ross

    2.09 miles

  • JCPenney

    3.20 miles

  • Dillard's

    3.21 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker
broker
Matthew Fish

Arizona Commercial Real Estate

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