Exceptional opportunity on just under one acre in the heart of Prescott, approximately 1.5 miles from historic downtown. Zoned for both single-family and multifamily use. This turnkey property offers two completely separate living spaces, each with its own exterior entrance, full kitchen, laundry facilities and fireplace. The main level features three bedrooms and one bathroom, while the lower level provides one bedroom, one bathroom and the potential to add another bedroom--an ideal arrangement for multigenerational living, guests or rental possibilities.Numerous improvements include a new roof installed in August 2026, newer windows and doors, fresh interior paint, refinished hardwood floors, freshly painted kitchen cabinets in the main level living space, newer appliances in both kitchens, new attic insulation, a new water heater and whole-house filtration system. Additional updates include a refinished upper deck, new garage door opener, NuTone bathroom fan and an accessible walk-in tub in the lower bathroom.The beautifully landscaped grounds feature irrigated garden boxes, an espaliered apple tree producing six varieties, natural rock outcroppings with a charming ''stairway to heaven,'' a refreshed sprinkler and irrigation system, and a 1,200-gallon rainwater-harvesting system. Enjoy impressive backyard views of Exceptional Arizona Sunsets and the well known Thumb Butte, which appears almost close enough to touch.Additional improvements include a fully insulated 12' x 16' Tuff Shed with electricity and balcony storage--ideal for an office, creative studio or bunkhouse. Two oversized, hand-painted Post-Impressionist works of art adorn the studio walls, adding a dramatic and one-of-a-kind artistic element to the space. The property also includes a 13.6' x 13.6' workshop with electricity and an additional garden/tool shed. A 200-amp electrical service extends to the rear of the property and studio.Two carports accommodate an RV and an extra-long vehicle, while double-wide gates provide convenient RV access to the backyard. Located near shopping, recreation and a neighborhood bowling alley. This distinctive property is move-in ready with room for even more possibilities. May also make a great investment opportunity.