520 S Cortez Street, Prescott, AZ 86303
Local realty services provided by:CENTURY 21 Arizona West
Listed by: trent beaver
Office: better homes and gardens real estate bloomtree realty
MLS#:1078584
Source:AZ_PAAR
Price summary
- Price:$1,250,000
- Price per sq. ft.:$222.86
About this home
Exceptional Multi-Family Opportunity Near Downtown Prescott. Offered for the first time on the market, this rare four-plex is ideally located just moments from historic downtown Prescott, providing an outstanding opportunity for investors or owner-occupants alike. The property features four distinct floor plans constructed from 12 inch poured concrete walls, 4 inch thick concrete with steel web flooring girders. It includes a spacious owner's unit offering just over 1,600 square feet, perfect for comfortable on-site living while generating rental income from the remaining units with a beautiful covered temperature controlled Arizona room with west facing views. The four-plex presents an immediate income producing opportunity, with additional upside through light renovations and updates to further enhance value and long term returns, with a future elevator through a uniquely design shaft already on site. Situated on a triple lot, the property has exterior covered parking, paved road and alley access, a fenced in garden area, along with a motorhome pad with full hookups available. The property also offers significant future potential, as current zoning allows for the expansion of an additional multi-family building, making this a compelling value add or development play. With its prime proximity to downtown amenities, dining, and entertainment, and opportunities like this rarely coming available, this is a truly special Prescott investment property that blends location, income, and future growth potential.
Contact an agent
Home facts
- Year built:1996
- Listing ID #:1078584
- Added:49 day(s) ago
- Updated:February 26, 2026 at 11:58 AM
Rooms and interior
- Flooring:Carpet, Tile
- Living area:5,609 sq. ft.
Heating and cooling
- Cooling:Ceiling Fan(s), Central Refrigeration
- Heating:Heat Pump, Natural Gas
Structure and exterior
- Roof:Metal
- Year built:1996
- Building area:5,609 sq. ft.
- Lot area:0.52 Acres
- Construction Materials:Block, Stucco
- Levels:2 Story
Utilities
- Sewer:City Sewer
Finances and disclosures
- Price:$1,250,000
- Price per sq. ft.:$222.86
- Tax amount:$2,938 (2025)
New listings near 520 S Cortez Street
- New
$410,000Active2 beds 2 baths1,200 sq. ft.319 S Alarcon Street #2a, Prescott, AZ 86303
MLS# 1079821Listed by: REALTY ONE GROUP MOUNTAIN DESERT - New
$299,000Active2.31 Acres5093 W Ethan Trail, Prescott, AZ 86305
MLS# 1079826Listed by: IANNELLI AND ASSOCIATES REAL ESTATE - New
$949,900Active3 beds 3 baths3,052 sq. ft.2653 W Kay Ranch Lane, Prescott, AZ 86305
MLS# 1079827Listed by: EXP REALTY - New
$755,000Active3 beds 2 baths1,975 sq. ft.1611 Cloudstone Drive, Prescott, AZ 86301
MLS# 1079828Listed by: REALTY ONE GROUP MOUNTAIN DESERT - New
$399,900Active3 beds 2 baths1,724 sq. ft.2920 Ninta Drive, Prescott, AZ 86301
MLS# 1079820Listed by: RE/MAX MOUNTAIN PROPERTIES - New
$1,150,000Active4 beds 4 baths3,532 sq. ft.13832 N Spotted Eagle Drive, Prescott, AZ 86305
MLS# 1079806Listed by: REALTY ONE GROUP MOUNTAIN DESERT - New
$850,000Active4 beds 3 baths2,836 sq. ft.6025 W Haven Ridge Road, Prescott, AZ 86305
MLS# 1079813Listed by: BETTER HOMES AND GARDENS REAL ESTATE BLOOMTREE REALTY - New
$1,900,000Active4 beds 3 baths5,366 sq. ft.1390 Northridge Drive, Prescott, AZ 86301
MLS# 1079818Listed by: BETTER HOMES AND GARDENS REAL ESTATE BLOOMTREE REALTY - New
$349,900Active2 beds 2 baths1,192 sq. ft.1975 S Blooming Hills Drive #213, Prescott, AZ 86301
MLS# 1079819Listed by: COLDWELL BANKER NORTHLAND - New
$1,100,000Active3 beds 2 baths2,403 sq. ft.9675 N Oak Meadow Lane, Prescott, AZ 86305
MLS# 1079817Listed by: BETTER HOMES AND GARDENS REAL ESTATE BLOOMTREE REALTY