502 Western Ave

5
Baths
4,283 Sq. Ft.
$350 / Sq. Ft.
4,283
Sq. Ft.
$350
per Sq. Ft.

Description

Rare downtown Prescott multi-unit opportunity on one parcel. This Multi-Family High-Density (MF-H) zoned property features three residential units across two buildings totaling approximately 4,283 sq ft, offering strong income potential and flexible use for investors or owner-occupants. The primary residence at 502 Western is a unique 2,808 sq ft concrete home featuring ADA accessibility, elevator access, and a 2-car garage. The main level includes a bedroom with fireplace, family room, laundry,...Rare downtown Prescott multi-unit opportunity on one parcel. This Multi-Family High-Density (MF-H) zoned property features three residential units across two buildings totaling approximately 4,283 sq ft, offering strong income potential and flexible use for investors or owner-occupants. The primary residence at 502 Western is a unique 2,808 sq ft concrete home featuring ADA accessibility, elevator access, and a 2-car garage. The main level includes a bedroom with fireplace, family room, laundry, storage, bath, large safe, and elevator access. The upper level offers two bedrooms, two baths, and a spacious open living area with fireplace and kitchen, plus third-floor storage. Flooring, paint, and appliances were updated in 2020. The Summit Avenue structure totals approximately 1,475 sq ft and includes two additional residential units, updated in 2015. One unit offers two bedrooms, one 3/4 bath, living area, laundry, and private patio. The second unit is a studio apartment with kitchenette, 3/4 bath, and laundry. Property was previously licensed for short term rental use and was later permitted for short or long term residential occupancy accommodating up to 14 people. Multiple structures are located on one parcel.
  1. Listed by Amy Kay Davis • Brokerage DRE #LC654107003 • Realty ONE Group Mountain Desert
    P: (928)-350-5759 amy@yourpeaceofhome.com
  2. Listed by Rehab Boswell • Brokerage DRE #LC654107003 • Realty ONE Group Mountain Desert
    P: (928)-440-2522 prescotthomes7@gmail.com

Property Details for 502 Western Avenue

Neighborhood
N/A
Subdivision Name
Fleurys Addition
Zoning
MF-M
LISTING UPDATED: 01/21/2026 11:54 AM

Property Details for 502 Western Avenue

StatusActive
MLS #1078679
Days on Market42
Taxes$1,610 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1960
Lot Size0.17 AC / 7,405 SF
CountyYavapai County

Location

Listing Courtesy of Realty ONE Group Mountain Desert
Add your commute

Building Information for 502 Western Avenue

Stories1Residences3Year Built1960Building Size-Lot Size0.17 AC / 7,405 SF

Payment Calculator

$7,445 per month

30 year fixed, 6.15% Interest

Principal and Interest

$7,311

Property Taxes

$134

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 502 Western Avenue

Summary
Location and General Information
  • City: Prescott
  • County Or Parish: Yavapai
  • Directions: From downtown Prescott, West on Gurley. Right on N Summit to corner of Summit and Western.
  • Latitude: 34.544246
  • Longitude: -112.475305
  • Absolute Longitude: 112.475305
  • Road Frontage Type: City Street
  • Road Responsibility: City Maintained Road
  • Road Surface Type: Paved
  • Year Built: 1960.0
Taxes and HOA
  • Association: No
  • Tax Annual Amount: $1,610
  • Tax Legal Description: FLEURY ADD E2; W2; ALL LOT 1 BLK 2 530/212
  • Tax Parcel Letter: 113-12-007
  • Tax Year: 2025.0
Property
Lot Information
  • Building Area Total: 4283.0
  • Lot Size Acres: 0.17
  • Lot Size Source: County Records
  • Lot Size Square Feet: 7405.0
  • Incorp Area: Yes
Property and Assessments
  • Additional Parcels: No
  • Construction Materials: Block, Frame, Other, Stucco
  • Exclusions: No
  • Number Of Buildings: 2.0
  • Number Of Units Total: 3.0
  • Occupant Type: Leased
  • Assessors Book: 113
  • Assessors Map: 12
  • Assessors Parcel: 7
  • Building Type: Residential+,Triplex
  • Property Type: Residential Income
Utilities
  • Water Heater: Electric,Natural Gas
  • Utilities: Cable Available, Electricity Available, Individual Meter, Natural Gas Available, Phone Available, WWT - City Sewer
Interior and Exterior Features
Exterior Features
  • Exterior Features: Fence, Handicap Access, Laundry Facilities, Balcony, Sprinkler/Drip
  • Roof: Asphalt, Rolled/Hot Mop
  • Stories Total: 1.0
Interior Features
  • Cooling: Central Refriger
  • Flooring: Carpet, Tile, Wood
  • Heating: Electric, Forced Air
Rental
Rental Information
  • Lease Expiration: 02-28-2026
  • Rent Lease: Yes

Property History for 502 Western Avenue

DateEvent & SourcePriceAppreciation
Jan 12, 2026

Listed (Active)

PAAOR #1078679

$1,500,000—
Jun 25, 2021

Sold

PAAOR #1037909

$925,000—
Jun 22, 2021

Sold (Public Record)

Public Record #1465576693

$925,000

+16.0% / yr

Jun 15, 2021

Withdrawn

PAAOR #1039021

$995,000—
Jun 15, 2021

Pending

PAAOR #1037909

—
May 31, 2021

Listed (Active)

PAAOR #1039021

$1,075,000—
Apr 21, 2021

Listed (Active)

PAAOR #1037909

$1,100,000—
Dec 30, 2014

Sold

PAAOR #980091

$350,000—
Dec 11, 2014

Sold (Public Record)

Public Record #485972064

$350,000—
Nov 10, 2014

Pending

PAAOR #980091

—
Oct 14, 2014

Expired

PAAOR #952191

—
Jul 17, 2014

Listed (Active)

PAAOR #980091

$399,000—
Dec 21, 2011

Expired

PAAOR #952188

—
Dec 29, 2010

Listed (Active)

PAAOR #952188

$490,000—
Dec 29, 2010

Listed (Active)

PAAOR #952191

$490,000—
DateEvent & SourcePrice
01/12/2026

Listed (Active)

PAAOR #1078679

$1,500,000
06/25/2021

Sold

PAAOR #1037909

$925,000
06/22/2021

Sold (Public Record)

Public Record #1465576693

$925,000

+16.0% / yr

06/15/2021

Withdrawn

PAAOR #1039021

$995,000
06/15/2021

Pending

PAAOR #1037909

—
05/31/2021

Listed (Active)

PAAOR #1039021

$1,075,000
04/21/2021

Listed (Active)

PAAOR #1037909

$1,100,000
12/30/2014

Sold

PAAOR #980091

$350,000
12/11/2014

Sold (Public Record)

Public Record #485972064

$350,000
11/10/2014

Pending

PAAOR #980091

—
10/14/2014

Expired

PAAOR #952191

—
07/17/2014

Listed (Active)

PAAOR #980091

$399,000
12/21/2011

Expired

PAAOR #952188

—
12/29/2010

Listed (Active)

PAAOR #952188

$490,000
12/29/2010

Listed (Active)

PAAOR #952191

$490,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 502 Western Avenue

Taxable ValueLand$11,600Additions$72,025Total$83,625
Tax Record2024$1,560 ($130 / month)
Home Facts
Beds0Total Finished SqFt1,475 SqFtAbove Grade Finished SqFt1,475 SqFtStories2Lot Size7,405 SqFtStyleSingle Family ResidenceYear Built1934CountyYAVAPAIAPN113-12-007

Schools near 502 Western Avenue

This home is within Prescott Unified District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - K to 8
Public - 6 to 8
Public - 8 to 12
Rating
School
Distance
Lincoln Elementary School
PublicK to 5

Granite Mountain Middle School
PublicK to 8

Prescott Mile High Middle School
Public6 to 8

Prescott High School
Public8 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Similar Sold Homes

502 Western Avenue is a multi-family home for sale in Prescott, AZ 86301. This property was listed for sale on January 12, 2026 by Realty ONE Group Mountain Desert, it's currently listed at $1,500,000. It has been on the market for a total of 42 days and was last sold on June 25, 2021. This listing's school district is Prescott Unified District. Nearby schools include Lincoln Elementary School, Granite Mountain Middle School and Prescott Mile High Middle School. 502 Western Avenue is a 6-bed, 5-bath, 4,283 sqft multi-family home built in 1960.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Realty ONE Group Mountain Desert

The data relating to real estate listings on this website comes in part from the Internet Data Exchange (IDX) program of Multiple Listing Service of Northern Arizona Association of REALTORS, Prescott Area Association of REALTORS and Arizona Regional Multiple Listing Service. IDX information is provided exclusively 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. Listings provided by brokerages other than Compass are identified with the ARMLS logo. All Information Is Deemed Reliable But Is Not Guaranteed Accurate. All information should be verified by the recipient and none is guaranteed as accurate by ARMLSListing information Copyright© 2026 Northern Arizona Association of REALTORS, Prescott Area Association of REALTORS and Arizona Regional Multiple Listing Service, Inc. All Rights Reserved.