# 320 S Cortez Street, Prescott, AZ 86303

> **TL;DR:** 17bd/17ba residential multi family, $3,286,000, built 1942. Est. $14,239/mo. Listed 2 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $3,286,000 |
| Bedrooms | 17 |
| Bathrooms | 17 |
| Year Built | 1942 |
| Lot Size | 14,810 sqft (0.34 acres) |
| Property Type | Residential Multi Family (Other) |
| Status | For Sale |
| Days on Market | 2 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $14,239 |
| **Total** | **$14,239** |

## Property Highlights

- Built in 1942
- 0.34 acre lot

## Description

### Agent Description
Prime Investment Opportunity: Historic 17-Unit Apartment Complex in Downtown Prescott. Presenting a rare and lucrative opportunity to acquire a historic multi-family property at 320 S. Cortez Street, located in the heart of downtown Prescott, Arizona. This well-maintained, 17-unit apartment building, known as The Pillars, offers a compelling investment in a highly desirable and stable rental market.Property highlights Historic charm: Built in 1919, this property boasts classic architectural features, and some units retain original hardwood flooring, offering residents a unique and sought-after living experience. Ideal unit mix: The building consists of 17 units, including 7 studios and 10 one-bedroom apartments, appealing to a wide range of tenants seeking downtown living. Prime downtown location: The complex is steps away from Prescott's iconic Courthouse Square, a destination for shopping, dining, and local events. Its central location ensures consistently high demand from tenants who desire a walkable, vibrant lifestyle. On-site amenities: A valuable feature for both tenants and investors, the property includes on-site, coin-operated laundry facilities and a gated lower-level entrance with private parking. Proven income stream: With a solid history as a rental property, this investment offers a reliable revenue source and significant upside potential for a new owner through strategic enhancements and market-rate adjustments. Solid construction: The brick-and-concrete building has an average construction quality and stands on a 0.34-acre lot, providing a durable foundation for long-term ownership.Investment potentialThis offering is perfect for investors looking to expand their portfolio with a high-demand, income-generating asset in Prescott, a market known for its strong rental performance. The Pillars provides a unique blend of historic appeal and modern investment stability. Some units have already been upgraded, and with an opportunity to continue renovations, a new owner can further increase property value and rental income.The Prescott rental market is consistently strong due to the city's robust local economy, popular tourist attractions, and a steady influx of new residents. As a relatively low-rise building, The Pillars offers a more intimate residential experience compared to larger, modern complexes.Property details Address: 320 S. Cortez St., Prescott, AZ 86303 Total units: 17 Year built: 1919 Total interior livable area: ~10,000 sq ft Lot size: 0.34 acres Features: On-site laundry, gated parking, historic details, mountain and city views from some unitsFor more information and to schedule a private viewing, contact our commercial real estate specialist Michael Aldridge. This exceptional opportunity won't last long.Title is being held open see private remarks.

## Location

- **Address:** 320 S Cortez Street, Prescott, AZ 86303
- **County:** Yavapai
- **Neighborhood:** Prescott Original Township
- **Coordinates:** 34.537345, -112.469239
- **Google Maps:** https://www.google.com/maps?q=34.537345,-112.469239

## Listing Agent

- **Name:** Michael A Aldridge
- **Brokerage:** Delex Realty, LLC
- **Phone:** 6027624830
- **Email:** michael@pacwestlending.com

## Primary Photo

![320 S Cortez Street - Primary Photo](http://lh.rdcpix.com/6269bf1d12d827848f9a8bfcf75c3effl-f1108685622r.jpg)

*8 total photos available on [listing page](https://www.propertysimple.com/listing/320-s-cortez-street-prescott-az-86303-1082558)*

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**MLS#:** 1082558 | **Updated:** 2026-06-19
**Source:** listhub

*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.*

[View on PropertySimple](https://www.propertysimple.com/listing/320-s-cortez-street-prescott-az-86303-1082558)

---

## Structured Data

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  "description": "Prime Investment Opportunity: Historic 17-Unit Apartment Complex in Downtown Prescott. Presenting a rare and lucrative opportunity to acquire a historic multi-family property at 320 S. Cortez Street, located in the heart of downtown Prescott, Arizona. This well-maintained, 17-unit apartment building, known as The Pillars, offers a compelling investment in a highly desirable and stable rental market.Property highlights Historic charm: Built in 1919, this property boasts classic architectural feat",
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