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$285,000 -$11,999 (-4.04%) Price Reduced

  • For Sale
  • Active
  • Single Family
  • 2 Beds
  • 1 Full Bath
  • 827 Sq. Ft.
  • 0.18 Acres
  • Updated 4 days ago
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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.

Full Property Details for 431 S Cortez St

General

  • Price: $285,000
  • Taxes: $535 (2025)
  • Status: Active
  • Type: Single Family
  • Source: PAAR_Prescott_MLS
  • MLS ID: 1081638
  • Updated: 7/1/2026
  • Added to Site: 65 day(s) ago

Interior

  • Rooms/Areas: None, Other - See Remarks
  • Interior Features: See Remarks
  • Appliances: See Remarks
  • Flooring: See Remarks

Rooms

Bathrooms

  • Total Bathrooms: 1
  • Full Bathrooms: 1

Bedrooms

  • Total Bedrooms: 2

Exterior

  • Exterior Features: See Remarks

Location

  • County: Yavapai
  • Subdivision: Prescott Original Township
  • Driving 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.

Community

  • Community Features: None
  • Pet Restrictions: Domestics

Heating & Cooling

  • Cooling Type: None, Other
  • Heating Type: Forced - Gas, See Remarks
  • Water Heater: Natural Gas

Utilities

  • Water: Public
  • Onsite: Electricity Available, Individual Meter, Natural Gas Available, Other, WWT - City Sewer

Structural Information

  • Architectural Style: Other
  • Construction Status: Existing
  • Construction: Frame
  • Basement: Yes
  • Basement Desc.: Piers, Other (See Remarks)
  • Roof: Composition, Other
  • Windows: See Remarks, Single Pane
  • Stories/Levels: 1
  • Building Size: 827
  • Square Feet: 827
  • Year Built: 1932

Lot Features

  • Lot Size (Acres): 0.18
  • Lot Size (Sq. Ft.): 7,841
  • Lot Size Source: County Records
  • Frontage: City Street
  • Street/Road Desc.: Alley Paved, Asphalt
  • Road Maintenance: City Maintained Road
  • Topography: Other - See Remarks
  • Zoning: MF-H

Financial Considerations

  • Tax Amount: $535
  • Tax Year: 2025
  • Terms: Cash, Other - See Remarks

Disclosures and Reports

  • Legal Description: PRESCOTT LOT 16; E 45' OF N 11'OF LOT 18 AP8; BLK 33
  • APN: 109-04-069
  • Lot Number: 16

Listed by HomeSmart Fine Homes and Land

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Listing agent

— 431 S Cortez St —

  • HomeSmart Fine Homes and Land

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 431 S Cortez St

School District:Prescott Unified District
NameGradesDistance
Lincoln Elementary School, Prescott, AZ
201 Park Avenue, Prescott, AZ 86303
K-40.6 mi
Granite Mountain Middle School
1800 North Williamson Valley Road, Prescott, AZ 86305
5-64 mi
Prescott High School
1050 Ruth Street, Prescott, AZ 86301
9-121.9 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 431 S Cortez St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
7/01/2026
Price Reduced
$285,000
-4.04%
MLS
6/11/2026
Price Reduced
$296,999
-1%
MLS
5/02/2026
Listed
$299,999
353%
MLS
9/26/2000
Sold
$66,225
—
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 431 S Cortez St

Year
Property Taxes
Change
Tax Assessment
Change
2025
$535
3%
$28,413
-1%
2024
$519
—
$28,725
14%
2024
$519
4%
$25,250
7%
2022
$501
—
$23,586
16%
2022
$501
-7%
$20,406
27%
2021
$537
-1%
$16,100
7%
2020
$540
1%
$15,019
100%
2019
$536
5%
-100%
2018
$512
4%
$14,014
32%
2017
$494
1%
$10,623
7%
2016
$491
3%
$9,944
5%
2015
$477
-7%
$9,436
13%
2013
$511
—
$8,358
—
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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Listed by HomeSmart Fine Homes and Land

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431 S Cortez Street, Prescott, AZ 86303 (MLS# 1081638) is a Single Family property with 2 bedrooms and 1 full bathroom. 431 S Cortez Street is currently listed for $285,000 and was received on May 02, 2026. Want to learn more about 431 S Cortez Street? Do you have questions about finding other Single 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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