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520 S Cortez Street
Prescott AZ 86303 US

$1,250,000

Active Listing ID 1078584
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8 bed
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Lot: 0.52 Acres
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Other

$1,250,000

Active Listing ID 1078584
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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.

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Property Features

  • Facts
  • Lot Size: 0.52 Acres
  • Property Type: Residential Multi Family
  • Property Sub-type: Other
  • Features
  • Cooling System: Ceiling Fan(s), Central Air
  • Exterior Finish: Balcony
  • Floor Covering: Tile, Carpet
  • Roof Type: Metal
  • Heating Fuels: Natural Gas, Heat Pump (Heating)

Property

  • propertytype: Residential Multi Family
  • propertysubtype: Other
  • listprice: 1250000
  • unparsedaddress: 520 S Cortez Street
  • postalcity: Prescott
  • stateorprovince: AZ
  • country: US
  • postalcode: 86303
  • bathroomsfull: 0
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 0.52
  • lotsizeunits: Acres
  • lotsizearea: 0.52
  • livingarea: 0
  • livingareaunits: Square Feet
  • latitude: 34.533289
  • longitude: -112.469327
  • listagentfullname: Trent Montgomery Beaver
  • listagentemail: trent@trentbeaver.com
  • listagentkey: 3yd-PAARAZ-7448
  • listagentmlsid: 7448
  • listagentpreferredphone: 9289161921
  • listagentofficephone: 9284438800
  • listofficekey: 3yd-PAARAZ-5358000
  • listofficemlsid: 5358000
  • disclaimer: Copyright © 2026 Prescott Area Association of Realtors®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: PAARAZ
  • yearbuilt: 1996
  • listingcontractdate: 2026-01-07
  • listagentfax: 9284438822
  • listagenturl: http://www.premierprescotthomes.com
  • countyorparish: Yavapai
  • parcelnumber: 9
  • cooling: Ceiling Fan(s), Central Air
  • constructionmaterials: Block, Frame, Stucco
  • flooring: Tile, Carpet
  • heating: Natural Gas, Heat Pump (Heating)
  • numberofunitstotal: 4
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 2
  • parkingtotal: 0
  • roof: Metal
  • waterfrontyn: False
  • franchiseaffiliation: None
  • exteriorfeatures: Balcony
  • rooms: Bathroom 7, Bathroom 1, Bedroom 5, Bathroom 6, Bedroom 8, Bathroom 2, Bedroom 1, Bedroom 4, Bathroom 4, Bedroom 7, Bathroom 5, Bedroom 3, Bathroom 3, Bedroom 2, Bedroom 6
  • utilities: Cable Available
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
  • location: -112.46933, 34.53329
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"Better Homes And Gardens Real Estate Bloomtree Realty", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "CustomSourceId":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"trent@trentbeaver.com", "ListBrokerageCity":"Prescott", "ListBrokerageCountry":"US", "ListBrokerageEmail":null, "ListBrokerageLogoUrl":null, "ListBrokerageName":"Better Homes And Gardens Real Estate Bloomtree Realty", "ListBrokeragePhone":"(928) 848-3400", "ListBrokeragePostalCode":null, "ListBrokerageStateOrProvince":"AZ", "ListBrokerageUnitNumber":null, "ListBrokerageUnparsedAddress":"102 W Gurley St #102", "ListBrokerageWebsiteUrl":null, "ListOfficeAddress1":"102 W Gurley St #102 ", "ListOfficeAddress2":null, "ListOfficeBrokerMlsId":"5358000", "ListOfficeCity":"Prescott", "ListOfficeCountry":"USA", "ListOfficeEmail":"renabroker@gmail.com", "ListOfficePostalCode":"86301", "ListOfficeStateOrProvince":"AZ", "ListPriceCurrencyType":"USD", "ListingTitle":"MULTI_FAMILY - Prescott, AZ", "ListingURL":null, "MLSModificationTimestamp":"2026-01-12 20:46:20", "Neighborhoods":[{"Description":null, "Name":"Prescott Original Township"}], "PostalCode":null, "RoomCount":null, "StateOrProvince":null, "Taxes":[{"TaxAnnualAmount":2938, "TaxDescription":"PRESCOTT ORIGINAL TOWNSITE M&P 4/22, BLK 38 LOTS 9, 11 & 13", "TaxYear":"2025"}], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 2/26/2026 4:41:41 AM GMT
Source Updated Date: 2/26/2026 12:48:25 PM GMT

Courtesy of: Trent Montgomery Beaver, Better Homes And Gardens Real Estate Bloomtree Realty, trent@trentbeaver.com

Copyright © 2026 Prescott Area Association of Realtors®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.