Listing provided courtesy of HomeSmart Fine Homes and Landas Distributed by MLSGrid- MLS# PAR1081638
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431 S Cortez StreetPrescott, AZ 86303
Single Family · 2 Beds · 1 Full Bath · 827 Sq. ft. | 0.18 Acres$296,999
Active
431 S Cortez Street Overview
- Time on Site:
- 59 days
- Visits:
- 0
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.
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431 S Cortez Street Facts & Features
- Type Single Family
- Sq. ft. 827
- Price/Sq.ft. $359
- Lot 0.18 Acres
Details
General
Association/HOA
- Association: false
Building Information
- Year Built: 1932
Location/Region
- County Or Parish: Yavapai
- Subdivision Name: Prescott Original Township
Rent/Lease Information
- Land Lease: false
Tax Information
- Tax Annual Amount: $535.00
- Tax Year: 2025
General Information
- Property Sub Type: Single Family Residence
- Property Type: Residential
- Zoning: MF-H
Interior
Parking Information
- Garage Spaces: 0
Beds/Baths
- Bathrooms Full: 1
- Bathrooms Half: 0
- Bathrooms Three Quarter: 0
- Bathrooms Total: 1
- Bedrooms Total: 2
Building Interior
- Building Area Total: 827
General Information
- Basement: Piers,Other - See Remarks
- Cooling: None,Other
- Flooring: See Remarks
- Heating: Forced - Gas,See Remarks
- Interior Features: See Remarks
- Living Area: 827
- Stories Total: 1
- Window Features: See Remarks,Single Pane
Exterior
Parking Information
- Parking Total: 0
Lot Information
- Additional Parcels: false
- Lot Size Acres: 0.18
- Lot Size Square Feet: 7841
- Road Responsibility: City Maintained Road
- Road Surface Type: Alley Paved,Asphalt
- Topography: Other - See Remarks
Building Exterior/Construction
- Architectural Style: Other
- Construction Materials: Frame
- Roof: Composition,Other
General Information
- Exterior Features: See Remarks
- Road Frontage Type: City Street
431 S Cortez Street Neighborhood
Community
86303 (Prescott) Demographics
59
Median Age
134
Population Density (per sq. mile)
52%
College Educated
$58,435
Estimated Median Income
6,045
Estimated Total Home Owners
2,776
Estimated Total Renters
69% / 31%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Schools
School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.431 S Cortez Street Monthly Cost
431 S Cortez Street Market Data
Based on the last 30 days in this zip code
$824,423
Average List Price
$365
Average Price per Square Foot
63
Properties Sold
92
Average Days on Market
360
Properties for Sale
431 S Cortez Street History
| Date | Value | Agent |
|---|---|---|
| 6/21/2026Source: Prescott Area | Active |
|
| 6/20/2026Source: Prescott Area | Active Under Contract |
|
| 6/11/2026Source: Prescott Area | $296,999 -1.0% |
|
| 5/2/2026Source: Prescott Area | May 02, 2026 |