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.
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Home facts
- Year built:1996
- Listing ID #:1078584
- Added:4 day(s) ago
- Updated:January 12, 2026 at 09:43 PM
Rooms and interior
- 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
Utilities
- Sewer:City Sewer
Finances and disclosures
- Price:$1,250,000
- Price per sq. ft.:$222.86
- Tax amount:$2,938 (2025)
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