520 S Cortez Street, Prescott, AZ 86303

$1,185,000
Property Type: Multi-Family Square Footage: 5,609 Lot Size (sq. ft.): 22,651 Status: Active
Current Price: $1,185,000 List Date: 1/08/2026 Last Modified: 7/22/2026

Overview

Description

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 an oversized lot, the property has exterior covered parking, paved roa ...

Listing Details MLS# 1078584

ContractAddressLegal

Original List Price
1250000
Listing Price
1185000
Street #
520
Direction
S
Street Name
Cortez
St Suffix
Street
City/Township
Prescott
State
AZ
Zip Code
86303
Subdivision
Prescott Original Township
County
Yavapai
Tax Parcel
109-14-044e

General Property Description

Lot #
9
Bedrooms Possible
11
Aprx Acres
0.52
Total Liveable SqFt
5609
Source of Measuremnt
County Assessor
Buildings
Yes
Stories
2
Year Built
1996
Management
Owner
HOA Y/N
No
Solar Y/N
No
Baths - Full
4
More than 5 Units
No

Tax Info

Taxes
2938
Tax Year
2025
Builder Name
Unknown

Unit 1

Unit ID
A
# BR
2
# BA
2.5
SqFt
1709

Unit 2

Unit ID
B
# BR
2
# BA
Yes
SqFt
1109

Unit 3

Unit ID
C
# BR
2
# BA
2
SqFt
1395

More Information

Unit 4

Unit ID
D
# BR
2
# BA
2
SqFt
1395

Property Features

Building Type: Fourplex; Other - See Remarks Construction: Block; Frame - Wood; Stucco; Other - See Remarks Cooling: Ceiling Fan(s); Central Refriger; Other External Amenities: Landscaped; Patio/Deck/Balcony; Other - See Remarks Flooring: Carpet; Tile Heating: Heat Pump; Natural Gas Owner Pays: None Records Available: None Road Frontage Type: City Street Road Surface Type: Asphalt; Paved Road Responsibility: City Maintained Road Roof: Metal Showing Requirements: Vacant Go Show Utilities Installed: Cable TV; Electricity; Individual Meter; Natural Gas; Telephone; Water - City; WWT - City Sewer; Other - See Remarks Water Heater: Natural Gas; Two or More Unit 1 Parking: 2 Car; Off Street; Other - See Remarks Unit 1 Info: Ceiling Fan(s); Den/Family Room; Dishwasher; Disposal; Fire/Smoke Detectors; Fireplace; Laundry Room; Microwave; Porch/Patio; Range/Oven; Refrigerator; Storage Room; Storm Windows/Doors; W/D Connection; Other - See Remarks Unit 2 Parking: 2 Car; Off Street; Other - See Remarks Unit 2 Info: Dishwasher; Disposal; Fire/Smoke Detectors; Laundry Room; Microwave; Range/Oven; Refrigerator; W/D Connection; Other - See Remarks Unit 3 Parking: 2 Car; Off Street; Other - See Remarks Unit 3 Info: Den/Family Room; Dishwasher; Disposal; Fire/Smoke Detectors; Laundry Room; Microwave; Range/Oven; Refrigerator; W/D Connection; Other - See Remarks Unit 4 Parking: 2 Car; Off Street; Other - See Remarks Unit 4 Info: Den/Family Room; Dishwasher; Disposal; Fire/Smoke Detectors; Laundry Room; Microwave; Range/Oven; Refrigerator; W/D Connection; Other - See Remarks
Listing Office: Better Homes And Gardens Real Estate Bloomtree Realty
Last Updated: July - 22 - 2026
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