Built in 1905, The Aspens on Montezuma presents a unique opportunity to acquire a charming, 20-unit multifamily community in the heart of historic Prescott, Arizona. Situated just blocks from the iconic Courthouse Plaza and Whiskey Row, the property offers residents exceptional walkability to downtown's restaurants, boutique retailers, entertainment venues, and year-round community events. Its distinctive architectural character and potential for targeted interior and exterior improvements provide investors with an opportunity to enhance the property's competitive positioning while preserving its historic appeal.
For sale
$3,400,000
309 S Montezuma Street, Prescott, AZ 86303
21beds
20baths
7,391sqft
Multi Family
Built in 1905
-- sqft lot
$-- Zestimate®
$460/sqft
$-- HOA
What's special
- 34 days
- 345
- 20
Zillow last checked:
Listing updated:
Listed by:
Adam Saylor 480-600-2626,
Marcus & Millichap
Source: ARMLS,MLS#: 7090790
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 21
- Bathrooms: 20
Heating
- Electric
Cooling
- Electric
Appliances
- Included: Refrigerator, Built-In Gas Oven
Features
- Flooring: Tile, Vinyl
Interior area
- Total structure area: 7,391
- Total interior livable area: 7,391 sqft
Property
Parking
- Total spaces: 20
- Parking features: 1 Space/Unit
- Uncovered spaces: 20
Lot
- Size: 0.36 Acres
- Dimensions: 15565
Details
- Parcel number: 10903015
- Zoning: NA
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Wood Frame, Stucco
- Roof: Composition
Condition
- Year built: 1905
Utilities & green energy
- Electric: APS
- Sewer: Public Sewer
- Water: Master Meter
Community & HOA
Community
- Features: No Pool
Location
- Region: Prescott
Financial & listing details
- Price per square foot: $460/sqft
- Tax assessed value: $2,150,636
- Annual tax amount: $3,982
- Date on market: 10/7/2026
- Listing terms: Cash,Conventional,1031 Exchange
- Ownership: Fee Simple
- Electric utility on property: Yes
- Road surface type: Asphalt
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 10/8/2026 | Listed for sale | $3,400,000+21.4%$460/sqft |
Source:  ARMLS #7090790 Report a problem | ||
| 8/10/2021 | Sold | $2,800,000+636.8%$379/sqft |
Source: Public Record Report a problem | ||
| 3/27/2003 | Sold | $380,000$51/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2026 | $3,899 +3.1% | $67,628 +5% |
| 2025 | $3,780 +2.1% | $64,408 +5% |
| 2024 | $3,703 +2% | $61,341 -72.2% |
| 2023 | $3,629 -4.1% | $220,683 +20.9% |
| 2022 | $3,783 -0.2% | $182,586 -1.3% |
| 2021 | $3,790 +1.3% | $185,031 +18.2% |
| 2020 | $3,742 +3.7% | $156,530 |
| 2019 | $3,609 | -- |
| 2018 | -- | -- |
| 2017 | -- | -- |
| 2016 | -- | -- |
| 2015 | -- | -- |
| 2014 | -- | -- |
| 2013 | -- | -- |
| 2012 | -- | -- |
| 2011 | $3,646 +45.7% | $48,528 |
| 2009 | $2,503 +3% | -- |
| 2008 | $2,431 | -- |
| 2007 | -- | -- |
| 2006 | -- | -- |
| 2005 | -- | -- |
| 2004 | -- | -- |
| 2003 | -- | -- |
| 2002 | -- | -- |
| 2001 | -- | -- |
Find assessor info on the county website
Monthly payment
Est. payment
