539 Lincoln Avenue, Prescott, AZ 86301

$699,000
Property Type: Multi-Family Square Footage: 1,392 Lot Size (sq. ft.): 12,632 Status: Active
Current Price: $699,000 List Date: 4/17/2026 Last Modified: 4/25/2026

Overview

Description

DO NOT DISTURB TENANTS Located within walking distance to downtown Prescott, this highly successful Superhost Airbnb duplex zoned multi family offers a rare opportunity to own both a prime location plus an established income-producing property. Situated on a generous 0.29-acre lot, the property features two remodeled residences: Unit B: A charming 1928 cottage bungalow with 2 bedrooms and 1 bath, beautifully updated while preserving its historic character. A Stone Casita Unit C: 1 bedroom, 1 bath. Both units are move-in ready and have been extensively upgraded, including new roof on Unit B, updated electrical and gas lines brought to code, new water heaters, mini-split systems, artificial turf, and fencing and so much more. See 'Feature Sheet' in documents tab. Each residence enjoys a private, pet-friendly courtyard with patio and artificial turf fenced yard. The oversized lot also offers room for a future garage or additional improvements, adding even more long-term value. Ther ...

Listing Details MLS# 1080328

ContractAddressLegal

Original List Price
715000
Listing Price
699000
Street #
539
Street Name
Lincoln
St Suffix
Avenue
City/Township
Prescott
State
AZ
Zip Code
86301
Subdivision
Home Acre Tract
County
Yavapai
Tax Parcel
113-08-112

General Property Description

Lot #
20
Bedrooms Possible
2
Aprx Acres
0.29
Total Liveable SqFt
1392
Source of Measuremnt
County Assessor
Buildings
2
Stories
Yes
Year Built
1928
Management
Owner
NOI $
68375
Cap %
9.5
HOA Y/N
No
Solar Y/N
No
Baths - Full
2
More than 5 Units
No

Tax Info

Taxes
1057
Tax Year
2025
Asmts Freq
Annual

Unit 1

Unit ID
539 Lincoln Unit B
# BR
2
# BA
Yes
SqFt
928
Furniture
Yes

Unit 2

Unit ID
539 Lincoln Unit C
# BR
Yes
# BA
Yes
SqFt
464
Furniture
Yes

Contract/Address/Legal

On-Market Date
2026-03-16
List Price/SqFt
502
Rent/Lease
No
Neighborhood
N/A
REO/Short Sale
Not Applicable
Zoning
MF
Assessor's Book #
113
Assessor's Map #
8
Assessor's Parcel #
112
Legal
HOME ACRE TR LESS N 50' OF LOT 20 AP48

More Information

Remarks & Misc

Directions
From Downtown Prescott, Grove Avenue South. Right on Lincoln. There is no sign.
Remarks
DO NOT DISTURB TENANTS Located within walking distance to downtown Prescott, this highly successful Superhost Airbnb duplex zoned multi family offers a rare opportunity to own both a prime location plus an established income-producing property. Situated on a generous 0.29-acre lot, the property features two remodeled residences: Unit B: A charming 1928 cottage bungalow with 2 bedrooms and 1 bath, beautifully updated while preserving its historic character. A Stone Casita Unit C: 1 bedroom, 1 bath. Both units are move-in ready and have been extensively upgraded, including new roof on Unit B, updated electrical and gas lines brought to code, new water heaters, mini-split systems, artificial turf, and fencing and so much more. See 'Feature Sheet' in documents tab. Each residence enjoys a private, pet-friendly courtyard with patio and artificial turf fenced yard. The oversized lot also offers room for a future garage or additional improvements, adding even more long-term value. There is even a tuff shed for storage in the back. The property has earned exceptional Superhost ratings of 4.9 and 5.0, reflecting its strong guest appeal and consistent performance as a short-term rental. An outstanding investment opportunity --continue operating as a successful short-term rental, or live in one residence while generating income from the other. Don't miss this rare opportunity to own a successful hospitality property in one of Prescott's most desirable downtown locations. The listing agent must confirm all showings, as this is an active Short-Term Rental.

Office/Member Info

Listing Exclusions
No

Building Type

Other - See Remarks
Yes
Residential+
Yes

Construction

Frame - Wood
Yes
Stone
Yes

Cooling

Mini-Split
Yes
Zoned
Yes

External Amenities

Fence
Yes
Landscaped
Yes

Flooring

Vinyl
Yes
See Remarks
Yes

Heating

Electric
Yes
Wall Unit
Yes
Other
Yes
See Remarks
Yes

Owner Pays

Electric
Yes
Gas/Propane
Yes
Sewer
Yes
Trash
Yes
Water
Yes
Other - See Remarks
Yes

Records Available

None
Yes

Road Frontage Type

City Street
Yes

Road Surface Type

Asphalt
Yes
Paved
Yes

Road Responsibility

City Maintained Road
Yes

Roof

Asphalt Shingle
Yes

Terms & Conditions

1031 Exchange
Yes
Conventional
Yes
Sold Furnished
Yes
Other - See Remarks
Yes

Utilities Installed

220
Yes
Electricity
Yes
Natural Gas
Yes
Underground
Yes
Water - City
Yes
WWT - City Sewer
Yes

Water Heater

Electric
Yes
Natural Gas
Yes

Unit 1 Parking

3+ Car
Yes
Off Street
Yes
RV Pad
Yes
Other - See Remarks
Yes

Unit 1 Info

Den/Family Room
Yes
Dishwasher
Yes
Disposal
Yes
Fire/Smoke Detectors
Yes
Fireplace
Yes
Laundry Room
Yes
Microwave
Yes
Porch/Patio
Yes
Range/Oven
Yes
Refrigerator
Yes
Storage Room
Yes
W/D Connection
Yes
Other - See Remarks
Yes

Unit 2 Parking

3+ Car
Yes
Other - See Remarks
Yes

Unit 2 Info

Den/Family Room
Yes
Fire/Smoke Detectors
Yes
Microwave
Yes
Refrigerator
Yes
Other - See Remarks
Yes

Property Features

Building Type: Other - See Remarks; Residential+ Construction: Frame - Wood; Stone Cooling: Mini-Split; Zoned External Amenities: Fence; Landscaped Flooring: Vinyl; See Remarks Heating: Electric; Wall Unit; Other; See Remarks Owner Pays: Electric; Gas/Propane; Trash; Water; Other - See Remarks Records Available: None Road Frontage Type: City Street Road Surface Type: Asphalt; Paved Road Responsibility: City Maintained Road Roof: Asphalt Shingle Utilities Installed: 220; Electricity; Natural Gas; Underground; Water - City; WWT - City Sewer Water Heater: Electric; Natural Gas Unit 1: Furniture Unit 1 Parking: 3+ Car; Off Street; RV Pad; Other - See Remarks Unit 1 Info: Den/Family Room; Dishwasher; Disposal; Fire/Smoke Detectors; Fireplace; Laundry Room; Microwave; Porch/Patio; Range/Oven; Refrigerator; Storage Room; W/D Connection; Other - See Remarks Unit 2: Furniture Unit 2 Parking: 3+ Car; Other - See Remarks Unit 2 Info: Den/Family Room; Fire/Smoke Detectors; Microwave; Refrigerator; Other - See Remarks
Listing Office: Realty ONE Group Mountain Desert
Last Updated: April - 25 - 2026
The data relating to real estate for sale on this site comes from the Broker Reciprocity/IDX of Prescott Area Association of REALTORS. Information provided is thought to be reliable but is not guaranteed to be accurate. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.Real estate listings held by brokerage firms other than the website owner, are indicated by detailed information about them such as the name of the listing firms. Copyright© 2020 Prescott Area Association of REALTORS. All rights reserved.