431 S Cortez Street, Prescott, AZ 86303

$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: 5/03/2026

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.

More Information MLS# 1081638

Contract/Address/Legal

List Price/SqFt: 363 Residential Type: Site Built Single Family Land Lease: No Residential Status: Existing REO/Short Sale: Not Applicable Zoning: MF-H Lot #: 16 Lot Size: 7,841 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

General Property Description

Aprx Acres: 0.18 HOA Y/N: No Split Bedroom Plan: No Stories: 1 Aprx SqFt: 827 Source of Measurement: County Assessor Garage Attached: 0 Garage Detached: 0 Carport Attached: 0 Carport Detached: 0 Total Parking: 0 Home Warranty: None Solar Y/N: No Age Restrictions Y/N: No Bedrooms: 2 Baths - Full: 1 Total Bathrooms: 1 Year Built: 1932 Total Liveable SqFt: 827

Tax Info

Taxes: 535 Tax Year: 2025

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 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.

Construction

Frame - Wood: 1

Cooling

None: 1 See Remarks: 1

Flooring

See Remarks: 1

Heating

Forced - Gas: 1 See Remarks: 1

Possession

At Recordation: 1

Records Available

None: 1

Road Frontage Type

City Street: 1

Road Surface Type

Alley Paved: 1 Asphalt: 1

Style

Other - See Remarks: 1

Road Responsibility

City Maintained Road: 1

Roof

Composition: 1 Other - See Remarks: 1

Interior Features

See Remarks: 1

Terms & Conditions

Other - See Remarks: 1

Exterior Features

See Remarks: 1

Utilities Installed

Electricity: 1 Individual Meter: 1 Natural Gas: 1 Water - City: 1 WWT - City Sewer: 1 Other - See Remarks: 1

Water Heater

Natural Gas: 1

Appliances

See Remarks: 1

Topo/Location

Other - See Remarks: 1

Foundation/Basement

Found - Piers: 1 Other - See Remarks: 1

Window/Coverings

Single Pane: 1 See Remarks: 1

Pets/Animals

Domestics: 1

Other Rooms

None: 1 Other - See Remarks: 1

Subdivision Features

None: 1

ContractAddressLegal

Original List Price: 299999 Listing Date: 2026-05-02 Status: Active 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

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 - 03 - 2026
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