520 S Cortez St, Prescott, AZ 86303

Sqft
5,609

Sign in to view any offers or make an offer. View property features, location on map, relevant school information and overview from seller's agent.

Listed byBetter Homes and Gardens Real Estate BloomTree Realty
  • 2
  • 0

Overview

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 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.

Location

Full feature list

Basic info

Property type
Multi-family
Square feet
5,609
Lot size (acres)
0.52
Year built
1996

Utilities

Heating
Heat Pump, Natural Gas
Cooling
Ceiling Fans, Other
Sewer
Public Sewer
Water
Public Water

Taxes

Tax Annual Amount (2025)
$2,938

Public schools

Loading

Disclaimer: Certain information displayed on this listing has been derived from parties other than Final Offer, LLC. Information provided and their sources have been deemed reliable, but accuracy of information is not guaranteed and therefore should be independently verified.

Sourced from: Prescott Area Association of Realtors MLS®#: 1078584 Last checked:

The data relating to real estate for sale on this website comes in part from the Internet Data exchange (IDX) program of the Prescott Area Association of REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright © 2026 Prescott Area Association of REALTORS®. All rights reserved.