309 S Montezuma Street Prescott, AZ ^$ 3,400,000

309 S Montezuma Street

^$ 3,400,000

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Recently Listed

309 S Montezuma Street

Prescott, AZ, 86303

^$ 3,400,000

Bedrooms21 Baths0.0

Monthly Estimate*

^$ 23,483

309 S Montezuma Street, Prescott, AZ 86303 - Image 1

309 S Montezuma Street, Prescott, AZ 86303 - Image 2

309 S Montezuma Street, Prescott, AZ 86303 - Image 3

309 S Montezuma Street, Prescott, AZ 86303 - Image 4

309 S Montezuma Street, Prescott, AZ 86303 - Image 5

309 S Montezuma Street, Prescott, AZ 86303 - Image 6

309 S Montezuma Street, Prescott, AZ 86303 - Image 7

309 S Montezuma Street, Prescott, AZ 86303 - Image 8

309 S Montezuma Street, Prescott, AZ 86303 - Image 9

309 S Montezuma Street, Prescott, AZ 86303 - Image 10

Multi-Family Home for sale in Prescott, AZ

for $3,400,000 with 21 bedrooms. This home was built in 1905.

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.

Multi-Family Active

Price

^$ 3,400,000

Bedrooms

Property Type

Multi-Family

Taxes

^$ 3,982

Style

Multiple Dwellings

Year Built

1905

Town/City

Prescott

County/Region

Yavapai

MLS | Web ID

7090790

Features

General

Sewer Public Sewer

Heating Electric

Cooling Electric

Roof Composition

Zoning NA

Construction Materials Wood Frame Stucco

Year Built 1905

Electric APS

Tax Year 2026

Ownership Fee Simple Fee Simple

Gross Income 340847.65

Community Features No Pool

County Yavapai

Net Operating Income 244029.0

Operating Expense 92867.0

Insurance Expense 5154.0

New Construction N

Property Type Multiple Dwellings

Attached Garage N

MaintenanceExpense 22224.0

Garage Y/N N

Status Active

City Prescott

Disclosures None

Open Parking Spaces 20.0

Number Of Units Total 20

Carport Y/N N

Tax Annual Amount 3982.0

Electric Expense 18412.0

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N N

Standard Status Active

Tax Lot 6

Cap Rate 7.18

New Financing: Conventional True

Senior Community N

New Financing: Cash True

Interior

Flooring Tile Vinyl

Air Conditioning Y/N Y

Heating Y/N Y

Total Bedrooms 21

Total Baths 20

Exterior

Parking Features 1 Space/Unit

Water Source Master Meter

Total Parking 20.0

Number of Buildings 2

Spa N

Lot Dimensions 15565

Road Surface Type Asphalt

Covered Spaces 0.0

Crops Included Y/N N

Irrigation Water Rights Y/N N

Internal Only

Street Number 1 309

* Excluded Features

List By

Marcus & Millichap

Broker

adam.saylor@marcusmillichap.com

Affordability Calculator

$23,815

Per Month

Monthly Principal & Interest: $23,483
Monthly Property Taxes: $332
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Prescott, AZ

Average List Price ^$3,400,000

Percent of Sale Price 0%

About Prescott, AZ

43,862 Population

27% Since 2002

^$49,913 Median Income

53.33 Median Age

14% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

260072 Elementary School

263420 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
10/8/2026	$3,400,000		Listed Price

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309 S Montezuma Street, Prescott, AZ, 86303 is a Multi-Family Home for sale at $3,400,000. 309 S Montezuma Street has 21 bedrooms, 0.0 baths, and was built in 1905. The property's zip code is 86303 which is in Prescott, AZ

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Arizona Regional Multiple Listing Service, Inc. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors are marked with the ARMLS logo and detailed information about them includes the name of the listing brokers.

All information should be verified by the recipient and none is guaranteed as accurate by ARMLS.

The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of 10/10/2026.

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309 S Montezuma Street

Multi-Family Home for sale in Prescott, AZ

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