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.
For sale
Price cut: $12K (7/1)
$285,000
431 S Cortez St, Prescott, AZ 86303
2beds
827sqft
Single Family Residence
Built in 1932
7,840 Square Feet Lot
$281,200 Zestimate®
$345/sqft
$-- HOA
What's special
Generously sized lot
- 81 days |
- 1,791 |
- 35 |
Zillow last checked:
Listing updated:
Listed by:
Shane Parker 928-235-2133,
HomeSmart Fine Homes and Land
Source: PAAR as distributed by MLS GRID,MLS#: 1081638
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
Heating
- Forced - Gas, See Remarks
Cooling
- None, Other
Appliances
- Included: See Remarks
Features
- See Remarks
- Flooring: See Remarks
- Windows: See Remarks, Single Pane
- Basement: Piers
- Has fireplace: No
Interior area
- Total structure area: 827
- Total interior livable area: 827 sqft
Property
Features
- Exterior features: See Remarks
Lot
- Size: 7,840 Square Feet
- Topography: Other - See Remarks
Details
- Parcel number: 16
- Zoning: MF-H
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Other
- Property subtype: Single Family Residence
Materials
- Frame
- Roof: Composition,Other
Condition
- Year built: 1932
Utilities & green energy
- Sewer: City Sewer
- Water: Public
- Utilities for property: Electricity Available, Individual Meter, Natural Gas Available, Other
Community & HOA
Community
- Subdivision: Prescott Original Township
HOA
- Has HOA: No
Location
- Region: Prescott
Financial & listing details
- Price per square foot: $345/sqft
- Tax assessed value: $252,495
- Annual tax amount: $535
- Date on market: 5/2/2026
- Cumulative days on market: 81 days
- Electric utility on property: Yes
- Road surface type: Alley Paved, Asphalt
Estimated market value
$281,200
$267,000 - $295,000
$2,136/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/18/2026 | Listed for sale | $285,000$345/sqft |
Source:  PAAR as distributed by MLS GRID #1081638 Report a problem | ||
| 7/15/2026 | Contingent | $285,000$345/sqft |
Source: PAAR as distributed by MLS GRID #1081638 Report a problem | ||
| 7/1/2026 | Price change | $285,000-4%$345/sqft |
Source: PAAR as distributed by MLS GRID #1081638 Report a problem | ||
| 6/22/2026 | Listed for sale | $296,999$359/sqft |
Source: PAAR as distributed by MLS GRID #1081638 Report a problem | ||
| 6/20/2026 | Contingent | $296,999$359/sqft |
Source: PAAR as distributed by MLS GRID #1081638 Report a problem | ||
| 6/11/2026 | Price change | $296,999-1%$359/sqft |
Source: PAAR as distributed by MLS GRID #1081638 Report a problem | ||
| 5/2/2026 | Listed for sale | $299,999+353%$363/sqft |
Source: PAAR as distributed by MLS GRID #1081638 Report a problem | ||
| 9/26/2000 | Sold | $66,225$80/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $519 +2.2% | $10,847 +5% |
| 2024 | $508 +1.4% | $10,330 -66.3% |
| 2023 | $501 -6.8% | $30,608 +26.8% |
| 2022 | $537 -0.4% | $24,148 +7.2% |
| 2021 | $540 +0.7% | $22,528 +5.8% |
| 2020 | $536 +4.7% | $21,285 |
| 2019 | $512 +3.8% | -- |
| 2018 | $494 +0.4% | -- |
| 2017 | $491 +3.1% | -- |
| 2016 | $477 +0.3% | -- |
| 2015 | $475 | -- |
| 2014 | -- | -- |
| 2013 | -- | -- |
| 2012 | -- | -- |
| 2011 | $585 | $7,876 |
| 2010 | -- | -- |
| 2009 | $486 -3.7% | -- |
| 2008 | $504 | -- |
| 2007 | -- | -- |
| 2006 | -- | -- |
| 2005 | -- | -- |
| 2004 | -- | -- |
| 2003 | -- | -- |
| 2002 | -- | -- |
| 2001 | -- | -- |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 86303
Nearby schools
GreatSchools rating
- 8/10Lincoln Elementary SchoolGrades: K-5Distance: 0.6 mi
- 4/10Prescott Mile High Middle SchoolGrades: 6-8Distance: 0.3 mi
- 8/10Prescott High SchoolGrades: 8-12Distance: 2 mi
- $427,8003 bd1 ba947 sqft433 S Cortez St, Prescott, AZ 86303Off Market
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- $277,500-- bd-- ba504 sqft435 S Cortez St, Prescott, AZ 86303Off Market
- $613,000-- bd-- ba2.1k sqft421 S Cortez St, Prescott, AZ 86303Off Market
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- $625,7004 bd4 ba2.2k sqft436 S Marina St, Prescott, AZ 86303Off Market
A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
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