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Elevator access enhances convenience and accessibility, making it an appealing option for a variety of residents. Its prime location offers easy access to local amenities and attractions, contributing to a vibrant lifestyle. Ideal for those seeking comfort and practicality, this property presents a blend of desirable attributes.
Things you’ll love
Great for
Apartment Amenities
| 2 Floors | Ceiling Fan |
| Central Air | Electric Heating |
| Fireplace |
Appliances
| Dishwasher | In-Unit Laundry |
Building
| Elevator | Exterior Type: Frame |
| Laundry Room | Onsite Laundry |
| Roof Type: Composition |
Grounds
| 2 Parking Spaces | Garage Parking |
| Storage |
Other
| Architecture Style: Ranch | Exterior Type: Stucco |
| Roof Type: Asphalt |
One-time.
One-time. Refundable.
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.
How 502 Western Ave, Prescott, AZ 86301, USA compares to other nearby properties.
Positives
| Zip code | 86301 |
|---|---|
| Type | Apartment for rent |
| Month | Median Rent |
|---|---|
| February 2024 | $2,995 |
| March 2024 | $2,936 |
| April 2024 | $2,775 |
| May 2024 | $3,200 |
| June 2024 | $3,080 |
| July 2024 | $2,874 |
| August 2024 | $2,859 |
| September 2024 | $2,984 |
| October 2024 | $2,821 |
| November 2024 | $2,788 |
| December 2024 | $2,841 |
| January 2025 | $2,841 |
| February 2025 | $2,750 |
| March 2025 | $2,750 |
| April 2025 | $3,048 |
| May 2025 | $3,379 |
| June 2025 | $3,023 |
| July 2025 | $3,184 |
| August 2025 | $3,189 |
| September 2025 | $3,177 |
| October 2025 | $2,969 |
| November 2025 | $3,698 |
| December 2025 | $3,597 |
| January 2026 | $3,348 |
| Bath | |||||
|---|---|---|---|---|---|
| 4 years ago | $2,950 | 3 bed | 2.5 bath |
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Occupied
3 Beds
2.5 Baths
$2,950
On-Site Laundry • Air Conditioning • Fireplace • Dishwasher • Furnished