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

431 S Cortez Street, Prescott, AZ 86303

$240,000

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

Current Price: $240,000 List Date: 7/18/2026 Last Modified: 9/26/2026

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 redevelopment. Utilities are in place, and the lot offers convenient front and rear access, providing easy entry 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: 275000
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

Tax Info

Taxes: 535
Tax Year: 2025

Status Change Info

Under Contract Date: 2026-08-17
Sold Date: 2026-09-25
Sold Price/SqFt: 290
Financing: Cash

More Information

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: September - 26 - 2026

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