431 S Cortez Street, Prescott, AZ 86303 (MLS# 1081638)

431 S Cortez Street, Prescott, AZ 86303

New Listing

$299,999

Property Type: Residential Bedrooms: 2 Baths: 1 Square Footage: 827 Lot Size (sq. ft.): 7,841 Status: Active

Current Price: $299,999 List Date: 5/02/2026 Last Modified: 5/02/2026

Overview

Description

Prime redevelopment opportunity for investors and builders. This single-family property sits on a generously sized lot already zoned for high-density multi-family use, offering significant upside potential. The existing structure is a teardown, making way for a new construction project that can fully capitalize on the favorable zoning and downtown Prescott location. Located in a growing area with strong short and long-term rental demand, this site is ideal for multi-unit configurations. Utilities are in place, and the lot offers convenient front and rear access, providing easy access in case of multiple unit development, as well as streamlining the building process. Whether you're looking to add doors to your portfolio or develop and sell, this is a rare chance to secure land downtown Prescott, only two blocks from the Courthouse Plaza and Whiskey Row. Opportunities like this are becoming increasingly scarce; bring your vision and maximize the potential.

Listing Details MLS# 1081638

ContractAddressLegal

Original List Price: 299999
Listing Price: 299999
Street #: 431
Direction: S
Street Name: Cortez
St Suffix: Street
City/Township: Prescott
State: AZ
Zip Code: 86303
County: Yavapai
Subdivision: Prescott Original Township
Tax Parcel: 109-04-069

General Property Description

Split Bedroom Plan: No
Baths - Full: Yes
Total Bathrooms: Yes
Year Built: 1932
Aprx SqFt: 827
Total Liveable SqFt: 827
Source of Measurement: County Assessor
Stories: Yes
Aprx Acres: 0.18
Home Warranty: None
Solar Y/N: No
HOA Y/N: No
Age Restrictions Y/N: No
Garage Attached: 0
Garage Detached: 0
Carport Attached: 0
Carport Detached: 0
Total Parking: 0

Tax Info

Taxes: 535
Tax Year: 2025

Contract/Address/Legal

List Price/SqFt: 363
Residential Type: Site Built Single Family
Land Lease: No
Residential Status: Existing
Neighborhood: N/A
REO/Short Sale: Not Applicable
Zoning: MF-H
Lot #: 16
Assessor's Book #: 109
Assessor's Map #: 4
Assessor's Parcel #: 69
Legal: PRESCOTT LOT 16; E 45' OF N 11'OF LOT 18 AP8; BLK 33

Remarks & Misc

Directions: From downtown Prescott, proceed south on Montezuma Street for approximately two blocks. Turn left onto Aubrey Street, then take the next right onto South Cortez Street. Continue to 431 South Cortez Street on your left.
Remarks: Prime redevelopment opportunity for investors and builders. This single-family property sits on a generously sized lot already zoned for high-density multi-family use, offering significant upside potential. The existing structure is a teardown, making way for a new construction project that can fully capitalize on the favorable zoning and downtown Prescott location. Located in a growing area with strong short and long-term rental demand, this site is ideal for multi-unit configurations. Utilities are in place, and the lot offers convenient front and rear access, providing easy access in case of multiple unit development, as well as streamlining the building process. Whether you're looking to add doors to your portfolio or develop and sell, this is a rare chance to secure land downtown Prescott, only two blocks from the Courthouse Plaza and Whiskey Row. Opportunities like this are becoming increasingly scarce; bring your vision and maximize the potential.

Construction

Frame - Wood: Yes

More Information

Cooling

None: Yes
See Remarks: Yes

Flooring

See Remarks: Yes

Heating

Forced - Gas: Yes
See Remarks: Yes

Possession

At Recordation: Yes

Records Available

None: Yes

Road Frontage Type

City Street: Yes

Road Surface Type

Alley Paved: Yes
Asphalt: Yes

Style

Other - See Remarks: Yes

Road Responsibility

City Maintained Road: Yes

Roof

Composition: Yes
Other - See Remarks: Yes

Interior Features

See Remarks: Yes

Terms & Conditions

Other - See Remarks: Yes

Exterior Features

See Remarks: Yes

Utilities Installed

Electricity: Yes
Individual Meter: Yes
Natural Gas: Yes
Water - City: Yes
WWT - City Sewer: Yes
Other - See Remarks: Yes

Water Heater

Natural Gas: Yes

Appliances

See Remarks: Yes

Topo/Location

Other - See Remarks: Yes

Foundation/Basement

Found - Piers: Yes
Other - See Remarks: Yes

Window/Coverings

Single Pane: Yes
See Remarks: Yes

Pets/Animals

Domestics: Yes

Other Rooms

None: Yes
Other - See Remarks: Yes

Subdivision Features

None: Yes

Property Features

Style: Other - See Remarks Construction: Frame - Wood Interior Features: See Remarks Exterior Features: See Remarks Appliances: See Remarks Heating: Forced - Gas; See Remarks Cooling: None; See Remarks Flooring: See Remarks Utilities Installed: Electricity; Individual Meter; Natural Gas; Water - City; WWT - City Sewer; Other - See Remarks Roof: Composition; Other - See Remarks Water Heater: Natural Gas Road Frontage Type: City Street Road Surface Type: Alley Paved; Asphalt Road Responsibility: City Maintained Road Other Rooms: None; Other - See Remarks Records Available: None Subdivision Features: None Possession: At Recordation

Listing Office: HomeSmart Fine Homes and Land

Last Updated: May - 02 - 2026

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