502 Western Ave · Apartment for Rent

Property Status: Active 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. Property is also listed for sale under MLS listing #1078679 Office Phone: (928) 440-2522 Copyright © 2026 Prescott Area Association of Realtors®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.