828 Lincoln Avenue, Prescott, AZ 86301

$849,500
Property Type: Multiple Dwellings Status: CCBS (Contract Contingent on Buyer Sale)
Current Price: $849,500 Last Modified: 11/27/2025

Description

Beautifully renovated fourplex in the heart of Prescott. Four 2BR/1BA units, each with updated kitchens, baths, flooring, fixtures, blinds, appliances, water heaters, Low-E windows, and paint. Owners have invested over 100k in upgrades, including new roof (2024), porcelain plank tile in some units, added pantries and cabinetry. Culvert systems, waterproofing, and reconfigured entry for proper drainage. All units include refrigerators and washer/dryers. Concrete parking front and back for 7 vehicles; each unit has a fenced patio. Walking distance to parks, groceries, hospital, Yavapai College, Whiskey Row, and Courthouse Plaza. Turnkey with strong rentability—ideal for investors or house hackers: live in one unit and let tenants pay the mortgage.

More Information MLS# 6920318

Contract Info

Ownership: Fee Simple Current Price: $849,500 List Price: $849,500 Status: CCBS (Contract Contingent on Buyer Sale) List Date: 2025-09-16

Location, Tax & Legal

Assessor's Map #: 5 Legal Description (Abbrev): TR 150X50' BY M&B IN S2 SW4 SEC 28 14 2W LYNG N & ADJ LOT2 BLK 4 OF DAMERON TR AP6 550/673 Assessor's Parcel #: 48 Add'l Parcels: No Tax Municipality: Prescott Census Tract: 900 Taxes: 1434 Legal: TR 150X50' BY M&B IN S2 SW4 SEC 28 14 2W LYNG N & ADJ LOT2 BLK 4 OF DAMERON TR AP6 550/673 Marketing Name: None House Number: 828 Street Name: Lincoln St Suffix: Avenue City/Town Code: Prescott State/Province: AZ Zip Code: 86301 Zip4: 1953 County Code: Yavapai Assessor Number: 113-05-048 Tax Year: 2024

General Property Description

# of Buildings: 1 Uncvrd Parking Spcs: 4 Lot Size Dimensions: 150X50' Flood Zone: Yes Total # of Units: 4 Elementary School District: Prescott Unified District High School District: Prescott Unified District Elementary School: Abia Judd Elementary School Jr. High School: Granite Mountain Middle School High School: Prescott High School Year Built: 1985 Zoning: MF-M

Legal Info

Range: 2W Section: 28 Township: 14N Lot Number: 2

Project Type

Four Plex: 1

Construction

Wood Frame: 1

Const - Finish

Painted: 1

Roofing

Other: 1

Floors

Other: 1

Sale Includes

Land & Building: 1

Income & Expenses

Owner Association: No Annual Ownr Asoc Fee: 0 Operating Exp: 1434 Other Income: 0 Vacancy Allowance: 0.05 Adjusted Gross Inc: 64377.7

Pmt & Rate Info

Cap Rate: 6.09 Equity: 849500 Down Payment %: 0 Monthly Payments: 0 Total Owed: 0

Showing Notification Methods

Showing Service: Aligned Showings

Lockbox Type

None: 1

Community Features

No Pool: 1

Heating

Electric: 1

Cooling

Evaporative Cooling: 1

Exterior Amenities

Fenced: 1

Tenant Pays

Electricity: 1

Appliances Included

Built-In Electric Oven: 1 Microwave: 1 Refrigerator: 1 Washer/Dryer: 1

Road Access Type

Dedicated Street: 1

Source of Fincl Data

Owner: 1 Projected Proforma: 1

Water Source

City Franchise: 1

Sewer

Sewer - Public: 1

Parking Features

On Street: 1 1 Space/Unit: 1

Electric

Individual Meter: 1

Gas

None: 1

Owner Pays

Water: 1 Sewer: 1 Trash Collection: 1

New Financing

Cash: 1 VA: 1 Conventional: 1 FHA: 1

Existing 1st Loan

Treat as Free&Clear: 1

Reports/Disclosures

Seller Prop Disc Stm: 1

Environmental

None: 1

Contact Info

List Agent Home Phn: 480-415-0783

Efficiency Units

Avg Rent: 0

1 Bedroom Units

Avg Rent: 0

2 Bedroom Units

# 2 Bedroom Units: 4 Avg Rent: 1350 Avg SqFt: 725 # Baths: 1

3 Bedrooms Units

Avg Rent: 0

4 Bedrooms Units

Avg Rent: 0

Remarks Misc

Cross Street: Whipple St and Lincoln Ave Directions: South on Lincoln to the property on the west side of the street. Geo Lat: 34.556014 Geo Lon: -112.474929

Income Expenses

Gross Annual Sch Inc: 67766 Net Operating Income: 51741

Property Features

Project Type: Four Plex Construction: Wood Frame Const - Finish: Painted Roofing: Other Floors: Other Sale Includes: Land & Building Community Features: No Pool Exterior Amenities: Fenced Appliances Included: Built-In Electric Oven; Refrigerator; Microwave; Washer/Dryer Cooling: Evaporative Cooling Water Source: City Franchise Sewer: Sewer - Public Electric: Individual Meter Gas: None Parking Features: On Street; 1 Space/Unit Road Access Type: Dedicated Street Owner Pays: Water; Trash Collection Tenant Pays: Electricity Source of Fincl Data: Owner; Projected Proforma Lockbox Type: None Existing 1st Loan: Treat as Free&Clear New Financing: Cash; VA; FHA; Conventional Environmental: None
Listing Office: HomeSmart
IDX
Last Updated: November - 27 - 2025
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