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$3,286,000

  • For Sale
  • Active
  • Multi-Family
  • Updated 5 days ago
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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 at 602-762-4830.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.

Full Property Details for 320 S Cortez St

General

  • Price: $3,286,000
  • Taxes: $2,950 (2025)
  • Status: Active
  • Type: Multi-Family
  • Source: PAAR_Prescott_MLS
  • MLS ID: 1082558
  • Updated: 8/23/2026
  • Added to Site: 86 day(s) ago

Interior

  • Flooring: Laminate, Tile, Vinyl, Wood

Exterior

  • Exterior Features: Laundry Facilities

Location

  • County: Yavapai
  • Subdivision: Prescott Original Township
  • Driving Directions: From the Court house Plaza, on the corner of Gurley st and Cortez street. Go South on Cortez street approximately .3 of a mile and you will see the building on the right side of Cortez street.

Community

  • Management Type: Mgmt Company

Heating & Cooling

  • Cooling Type: Ceiling Fan(s)
  • Heating Type: Baseboard, Electric
  • Water Heater: Central Boiler, Electric, Natural Gas

Utilities

  • Water: Public
  • Onsite: Cable Available, Electricity Available, Natural Gas Available, Phone Available

Structural Information

  • # Buildings: 1
  • Construction: Brick
  • Roof: Asphalt
  • Stories/Levels: 0
  • Building Size: 8143
  • Square Feet: 8,143
  • Year Built: 1942

Lot Features

  • Lot Size (Acres): 0.34
  • Lot Size (Sq. Ft.): 14,810
  • Lot Size Source: County Records
  • Frontage: City Street
  • Street/Road Desc.: Alley Paved, Asphalt, Paved
  • Road Maintenance: City Maintained Road
  • Zoning: residential

Financial Considerations

  • Tax Amount: $2,950
  • Tax Year: 2025
  • Terms: 1031 Exchange, Cash, Conventional
  • Owner Pays: Electricity, Gas, Sewer, Trash Collection, Water

Disclosures and Reports

  • Legal Description: PRESCOTT ORIGINAL TOWNSITE PER MP 4/22 LOT 7 & 9 BLK 26 LESS THE N 8' OF THE E 52.2'
  • APN: 109-03-016c
  • Lot Number: 7

Listed by Delex Realty

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Listing agent

— 320 S Cortez St —

  • Delex Realty

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with our affiliated lender
NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 320 S Cortez St

School District:Prescott Unified District
NameGradesDistance
Lincoln Elementary School, Prescott, AZ
201 Park Avenue, Prescott, AZ 86303
K-40.5 mi
Granite Mountain Middle School
1800 North Williamson Valley Road, Prescott, AZ 86305
5-63.8 mi
Prescott High School
1050 Ruth Street, Prescott, AZ 86301
9-121.7 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 320 S Cortez St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
6/03/2026
Listed
$3,286,000
324%
MLS
4/25/2007
Sold
$775,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 320 S Cortez St

Year
Property Taxes
Change
Tax Assessment
Change
2025
$2,950
3%
$266,403
—
2024
$2,859
—
$266,247
10%
2024
$2,859
4%
$241,268
11%
2022
$2,745
—
$216,461
21%
2022
$2,745
-4%
$179,162
24%
2021
$2,862
—
$144,184
2%
2020
$2,867
1%
$141,352
100%
2019
$2,831
4%
-100%
2018
$2,731
5%
$84,009
-4%
2017
$2,604
-1%
$87,803
111%
2016
$2,621
37%
$41,605
11%
2015
$1,916
7%
$37,389
3%
2013
$1,791
—
$36,338
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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320 S Cortez Street, Prescott, AZ 86303 (MLS# 1082558) is a Multi-Family property with units containing 0 bedrooms and 0 full bathrooms. 320 S Cortez Street is currently listed for $3,286,000 and was received on June 03, 2026. Want to learn more about 320 S Cortez Street? Do you have questions about finding other Multi-Family real estate for sale in Prescott? You can browse all Prescott real estate or contact a Coldwell Banker agent to request more information.

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