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520 S Cortez Street, 
Prescott, AZ 86303

$1,250,000


Bed


Bath


5,609

Sq Ft


Multi-Family


Virtual Tour

Active

Listed by

Trent Beaver

Better Homes And Gardens Real Estate Bloomtree Realty

Last updated:

January 12, 2026, 09:43 PM

MLS#

1078584

Source:

AZ PAAR

About This Home

520 S Cortez Street

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.

Home Facts

Multi-Family

Built in 1996

Price Summary

1,250,000

$222 per Sq. Ft.

MLS #:

1078584

Last Updated:

January 12, 2026, 09:43 PM

Added:

13 day(s) ago


Structure

Structure

Building Area:

5,609 Sq. Ft.

Year Built:

1996


Lot

Lot Size (Sq. Ft):

22,651


Finances & Disclosures

Finances

Price:

$1,250,000

Price per Sq. Ft:

$222 per Sq. Ft.

Source:AZ PAAR
Copyright 2026 PRESCOTT AREA ASSOCATION OF REALTORS, INC. Mulitple Listing Service. All rights reserved. Listings courtesy of Prescott Area AOR Inc MLS as distributed by MLS GRID

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.