About This Home

This 17-bedroom, 17-bathroom residential multi family at 320 S Cortez Street in Prescott, AZ is listed for $3,286,000. Built in 1942, on a 0.34 acres lot.

Key Features

  • Built in 1942
  • 0.34 acre lot

Property Details

1942
Listing Description

Prime investment opportunity in the heart of Downtown Prescott. The Pillars, located at 320 S. Cortez Street, is a historic 17-unit multifamily property featuring 7 studio and 10 one-bedroom apartments in a highly desirable, walkable location near Courthouse Square, shopping, dining, entertainment and local events.The approximately 10,000 SF brick-

and-concrete building sits on 0.34 acres and offers historic architectural character, with select units featuring original hardwood flooring. Several units have been updated, providing additional opportunity to renovate remaining units and enhance rental income.Property amenities include on-site coin-operated laundry, gated lower-level access, and private parking.

Some units offer city and mountain views. The desirable unit mix established rental history and prime downtown location make this a compelling opportunity for investors seeking a well-positioned multifamily asset with value-add potential.17 Units | 7 Studios | 10 One-Bedrooms | Approx.

10,000 SF | 0.34 AcresFor additional information or to schedule a private showing, contact Michael Aldridge.This exceptional opportunity won't last long. Historical significance of the Pillars is outlined in the More... section. Title is being held open see private remarks.

Monthly Cost Estimate

$17,574/mo

20% down · 6.5% · 30 years

Principal$2,376
Interest$14,239
Insurance$958

Estimates only. Actual payments may vary.

Location

320 S Cortez Street

Prescott, AZ 86303

Prescott Original Township

Features & Amenities

Exterior Features

Laundry Facilities

Property Details

Flooring

LaminateTileWoodVinyl

Construction

Brick

Heating

BaseboardElectric (Heating)

Cooling

Ceiling Fan(s)

Questions & Answers

This 17-bedroom, 17-bathroom residential multi family at 320 S Cortez Street is listed at $3,286,000. The estimated monthly payment is $17,574 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1942, 0.34 acre lot. Exterior Features: Laundry Facilities.

This property is listed by Michael A Aldridge.

MA

Michael A Aldridge

Agent at DPR Realty, LLC

Listed by DPR Realty, LLC · Broker phone: (602) 318-0677 · View on Broker Site

MLS# 1082558· Source: Prescott Area Association of Realtors®· 150 days on PropertySimple

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.

320 S Cortez Street, Prescott, AZ 86303

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