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290 Madison Avenue

Prescott, AZ 86301

– beds
– baths
3,120 sqft
9,583 sqft lot
$219 per sqft
1986 build
– on site

This is an opportunity to scoop up an underperforming property at the heart of Prescott, AZ. This asset can deliver a 7.50% CAP rate in the rising Prescott townhome rental market. Call Broker for Lease Performance Analysis. All tenants are now leasing month-to-month, providing an opportunity for a new investor/owner to step in and create market-driven performance. Units A, B, C, and D are all the same floor plan, with two units up and two units down. Each unit has a dedicated and secure storage room at the south end of the building in proximity to the private concrete parking lot. Separate mailboxes, accessible when parking.

Listing courtesy of PAAR / Arizona Commercial LLC

Last checked: Checking… • Last updated Jul 15, 2025 •

MLS# 1074873 —

The Building

Year Built:

1986
Construction Materials:

Frame, Other
Stories Total:

2
Roof:

Asphalt
Building Type:

Fourplex
Building Area Total:

3120

Interior

Flooring:

Carpet, Tile

Financial & Terms

Terms and Conditions:

Cash

Location

Directions:

Sheldon St to Montezuma St. Left onto Navajo Dr. Left onto 1st Street. Left onto Madison Ave to property on left.
Latitude:

34.548702
Longitude:

-112.472081

The Property

Property Type:

Residential Income
Lot Size Acres:

0.22
Lot Size SqFt:

9583
Lot Size Source:

County Records
Zoning:

MF-M
Road Responsibility:

City Maintained Road
Road Surface Type:

Asphalt, Paved
Road Frontage Type:

City Street
Additional Parcels:

false
Lot Features:

Landscaped
Parcel Number:

9

Listing Agent

Contact info:

Taxes

Tax Year:

2024
Tax Annual Amount:

1511
Tax Legal Description:

BASHFORD ADDN 1ST LOT 9 AND E 15.04 FT OF LOT 8 BLK 2

Heating & Cooling

Heating:

Forced - Gas
Cooling:

Room Refrigeration

Utilities

Utilities:

Electricity Available, Phone Available, WWT - City Sewer
Water Heater:

Electric
Water Source:

Public
Electric:

220 Volts

The Community

Subdivision Name:

None
Association:

false

The information being provided by Prescott Area Association of REALTORS is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information is deemed reliable but not guaranteed and should therefore be independently verified.

Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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Sale history

Date	Event	Source	Price	% Change
7/14/25 Jul 14, 2025	Listed / Active	PAAR	$685,000

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This multifamily located in Prescott, AZ 86301 is currently for sale for $685,000. 290 Madison Avenue is a 3,120 square foot multifamily with – beds and – baths that has been on Estately for 0 days. This multifamily is in the attendance area of Prescott Mile High Middle School, Lincoln Elementary School, Prescott High School, and Granite Mountain Middle School.

Listing Courtesy of: PAAR and Arizona Commercial LLC.