$299,999
Prescott, AZ 86303
MLS# 1081638
2 beds | 1 baths | 827 sqft
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Property 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 multi-unit configurations. Utilities are in place, and the lot offers convenient front and rear access, providing easy access 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.
Details
Maps
Contract/Address/Legal
List Price/SqFt: 363
Residential Type: Site Built Single Family
Land Lease: No
Residential Status: Existing
Neighborhood: N/A
REO/Short Sale: Not Applicable
Zoning: MF-H
Lot #: 16
Lot Size: 7,841
Assessor's Book #: 109
Assessor's Map #: 4
Assessor's Parcel #: 69
Legal: PRESCOTT LOT 16; E 45' OF N 11'OF LOT 18 AP8; BLK 33
General Property Description
Aprx Acres: 0.18
HOA Y/N: No
Split Bedroom Plan: No
Stories: 1
Aprx SqFt: 827
Source of Measurement: County Assessor
Garage Attached: 0
Garage Detached: 0
Carport Attached: 0
Carport Detached: 0
Total Parking: 0
Home Warranty: None
Solar Y/N: No
Age Restrictions Y/N: No
Bedrooms: 2
Baths - Full: 1
Total Bathrooms: 1
Year Built: 1932
Total Liveable SqFt: 827
Tax Info
Taxes: 535
Tax Year: 2025
Remarks & Misc
Directions: From downtown Prescott, proceed south on Montezuma Street for approximately two blocks. Turn left onto Aubrey Street, then take the next right onto South Cortez Street. Continue to 431 South Cortez Street on your left.
Remarks: 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 multi-unit configurations. Utilities are in place, and the lot offers convenient front and rear access, providing easy access 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.
Construction
Frame - Wood: 1
Cooling
None: 1
See Remarks: 1
Flooring
See Remarks: 1
Heating
Forced - Gas: 1
See Remarks: 1
Possession
At Recordation: 1
Records Available
None: 1
Road Frontage Type
City Street: 1
Road Surface Type
Alley Paved: 1
Asphalt: 1
Style
Other - See Remarks: 1
Road Responsibility
City Maintained Road: 1
Roof
Composition: 1
Other - See Remarks: 1
Interior Features
See Remarks: 1
Terms & Conditions
Other - See Remarks: 1
Exterior Features
See Remarks: 1
Utilities Installed
Electricity: 1
Individual Meter: 1
Natural Gas: 1
Water - City: 1
WWT - City Sewer: 1
Other - See Remarks: 1
Water Heater
Natural Gas: 1
Appliances
See Remarks: 1
Topo/Location
Other - See Remarks: 1
Foundation/Basement
Found - Piers: 1
Other - See Remarks: 1
Window/Coverings
Single Pane: 1
See Remarks: 1
Pets/Animals
Domestics: 1
Other Rooms
None: 1
Other - See Remarks: 1
Subdivision Features
None: 1
ContractAddressLegal
Original List Price: 299999
Listing Date: 2026-05-02
Status: Active
Listing Price: 299999
Street #: 431
Direction: S
Street Name: Cortez
St Suffix: Street
City/Township: Prescott
State: AZ
Zip Code: 86303
County: Yavapai
Subdivision: Prescott Original Township
Tax Parcel: 109-04-069
Property Features
Style: Other - See Remarks
Construction: Frame - Wood
Interior Features: See Remarks
Exterior Features: See Remarks
Appliances: See Remarks
Heating: Forced - Gas; See Remarks
Cooling: None; See Remarks
Flooring: See Remarks
Utilities Installed: Electricity; Individual Meter; Natural Gas; Water - City; WWT - City Sewer; Other - See Remarks
Roof: Composition; Other - See Remarks
Water Heater: Natural Gas
Road Frontage Type: City Street
Road Surface Type: Alley Paved; Asphalt
Road Responsibility: City Maintained Road
Other Rooms: None; Other - See Remarks
Records Available: None
Subdivision Features: None
Possession: At Recordation
Listing Office: HomeSmart Fine Homes and Land
Last Updated: May - 02 - 2026
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