Incredible investment opportunity just one block from Prescott's iconic Mt. Vernon St! This property features City-approved concept plans for a high-density multi-family development—ideal for college rentals or short-term stays like VRBO. Just a short walk to Downtown Prescott, the existing 1954 Sears and Robuck catalog - 1 Bedroom 1.5 Bath home allows for immediate rental income while you develop the remaining potential. Plans include a fourplex and a 2-story detached garage, using only 28% of the allowed 50% lot coverage. Enjoy mature trees, native landscaping, and beautiful views of Thumb Butte in a quiet, convenient location close to schools, work, and the Prescott Courthouse Square. Build using the pre-approved concept or bring your own vision. Buyer to verify their own permitting requirements. Seller requires a drive-by prior to scheduling a showing and listing agent must accompany--this is one you must see to appreciate the possibilities!
High Speed Internet, Other, See Remarks, Pantry, Full Bth Master Bdrm, Laminate Counters
Ceiling Fan(s), Window/Wall Unit
Natural Desert Back, Natural Desert Front
Code of the West.
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Listing information last updated on March 4th, 2026 at 9:04am MST.