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About This Home

This 2-bedroom, 1-bathroom single family at 431 S Cortez Street in Prescott, AZ is listed for $299,999 ($363 per sqft). Built in 1932, the home offers 827 sqft of living space on a 0.18 acres lot.

Agent Description

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.

Key Features

  • Built in 1932
  • 0.18 acre lot

Property Details

1 story
1 full
1932

Monthly Cost Estimate

$1,604/mo

20% down · 6.5% · 30 years

Principal$217
Interest$1,300
Insurance$87

Estimates only. Actual payments may vary.

Location

431 S Cortez Street

Prescott, AZ 86303

Prescott Original Township

Property Details

Construction

Frame

Heating

Natural Gas

Questions & Answers

This 2-bedroom, 1-bathroom single family at 431 S Cortez Street is listed at $299,999 ($363/sqft). The estimated monthly payment is $1,300 based on 20% down at 6.5% interest.

Key features include: Built in 1932, 0.18 acre lot.

This property is listed by Shane Parker and can be reached at 9282352133 or shanep365@gmail.com.

SP

Shane Parker

Agent at HomeSmart Fine Homes and Land

(928) 235-2133

Listed by HomeSmart Fine Homes and Land · View on Broker Site

MLS# 1081638· Source: listhub· Updated 30 days ago

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.

431 S Cortez Street, Prescott, AZ 86303

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