Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    520 S Cortez St Prescott, AZ 86303

    Sponsored
    For Sale
    $1,250,000

    MULTI_FAMILY - Prescott, AZ

    Lot size:
    0.52 Acres
    Days on Market:
    44
    Last Refresh:
    Feb 24 at 6:06 pm

    Property Features for 520 S Cortez St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    MF-H
    Rooms
    Bedroom 3, Bathroom 1, Bedroom 2, Bedroom 1, Bedroom 4, Bathroom 4, Bathroom 2, Bedroom 5, Bedroom 7, Bedroom 8, Bathroom 3, Bathroom 5, Bedroom 6, Bathroom 7, Bathroom 6
    Bedrooms
    8
    APN
    9
    Exterior features
    Balcony
    Lot size
    0.52 Acres

    Utilities

    Utilities
    Cable Available
    Heating system
    Heat Pump (Heating), Natural Gas
    Cooling system
    Central Air, Ceiling Fan(s)
    Water source
    Public

    Building Details

    Year built
    1996
    Floors in Building
    2
    Number of units
    4
    Flooring type
    Carpet, Tile
    Building materials
    Block, Frame, Stucco
    Roof type
    Metal

    We can help!

    Listing Contact
    Trent Montgomery Beaver
    Trent Montgomery Beaver

    Better Homes And Gardens Real Estate Bloomtree Realty (928) 848-3400

    Listing agent Trent Montgomery Beaver (928) 443-8800

    Listing date Jan 12, 2026

    MLS# 1078584

    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.

    Learn more

    Property Insight Report

    Overview

    Four-Plex Near Downtown Prescott

    This four-plex is located moments from downtown Prescott. The property features four distinct floor plans constructed from 12 inch poured concrete walls and 4 inch thick concrete with steel web flooring girders. It includes a spacious owner's unit offering just over 1,600 square feet, along with a covered temperature controlled Arizona room with west facing views. The property presents an immediate income producing opportunity, with additional upside through light renovations and updates. A uniquely designed shaft is already on site for a future elevator. Situated on a triple lot of 0.52 acres, the property has exterior covered parking, paved road and alley access, a fenced in garden area, along with a motorhome pad with full hookups available. The current zoning allows for the expansion of an additional multi-family building. This property blends location, income, and future growth potential.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Unalloyed Foundry Artist

    Suggested Use

    Restaurant Law Firm Real Estate Agency Dental Office Spa & Massage Center Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Prescott
    County
    Yavapai
    State
    Arizona
    Longitude
    -112.469327
    Latitude
    34.533289

    Nearby Similar for Sale

    • Sponsored
      $849,500
      2,863 SF

      Health and Healing Center

      Rare Opportunity for Exceptional Location Zoned For Commercial and/or Residential
      1237 N Rhinestone Dr, Prescott, AZ 86301
      View Details
    • $1,800,000
      1.84 Acres

      Victorian Estate Wedding Venue

      Historic Victorian estate reimagined for weddings, galas, and gatherings.
      2516 Willow Creek Rd, Prescott, AZ 86301
      View Details
    • New
      $599,478
      0.20 Acres

      Downtown Prescott Commercial Opportunity

      Versatile commercial space in downtown Prescott, suitable for various businesses.
      112 N Summit Ave, Prescott, AZ 86301
      View Details
    • $849,000
      0.18 Acres

      Income-Producing Multifamily Property

      Multifamily property with in-place rents and value-add potential.
      658 W Gurley St, Prescott, AZ 86305
      View Details
    • $1,500,000
      4,283 SF

      Prescott Multi-Unit Investment Opportunity

      Three residential units in downtown Prescott with income potential.
      502 Western Ave, Prescott, AZ 86301
      View Details
    • $2,500,000

      Medical Office Building For Sale

      Medical office building near hospital with exam rooms and parking.
      1100 Gail Gardner Way, Prescott, AZ 86305
      View Details
    • $799,000
      0.28 Acres

      Medical/Professional Office Space Available

      Freestanding building near hospital, suitable for medical or professional use.
      1202 Willow Creek Rd, Prescott, AZ 86301
      View Details
    • $3,200,000
      1.77 Acres

      Modern Prescott Office/Industrial Facility

      Modern office/industrial building with exceptional access and functionality in Prescott, Arizona.
      2220 Taxi Way, Prescott, AZ 86301
      View Details
    • $450,000
      Pending

      Iconic Dells Mixed-Use Property

      Unique mixed-use property with upgrades and income potential in Prescott.
      3396 N State Route 89, Prescott, AZ 86301
      View Details
    • $850,000
      Pending

      Prescott Multifamily Investment Opportunity

      Multifamily property near downtown Prescott's shopping and dining.
      331 N Mount Vernon Ave, Prescott, AZ 86301
      View Details
    • $2,335,000
      0.19 Acres

      Historic Multifamily Vacation Rental Property

      Prime location, fully furnished units, strong growth potential.
      105 S Alarcon St, Prescott, AZ 86303
      View Details
    • New
      $650,000
      Pending

      High-Traffic Prescott Commercial Building

      Versatile commercial building on a high-traffic corridor in Prescott.
      625 Miller Valley Rd, Prescott, AZ 86301
      View Details

    FAQs

    What type of property is this?
    Quadplex - Rare four-plex near downtown Prescott with income and expansion potential.
    Where is this quadplex located?
    The property is located at 520 S Cortez St Prescott, AZ.
    What is the asking price?
    The asking price for this property is $1,250,000.
    What are key features of this property?
    This property features: - Prime location near downtown Prescott offering easy access to amenities, dining, and entertainment.; - Immediate income-producing four-plex with potential for increased returns through renovations.; - Spacious owner's unit (over 1,600 sq ft) with a **covered, temperature-controlled Arizona room.**
    (928) 916-1921
    Request Owner's contact information
    520 S Cortez St Prescott, AZ 86303
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    520 S Cortez St
    Prescott, AZ 86303
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    520 S Cortez St Prescott, AZ 86303
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Trent Montgomery Beaver
    Trent Montgomery Beaver
    Real Estate License ID: SA647953000
    (928) 916-1921 (928) 443-8800
    Learn more
    Google sign-in failed. Please try again or use another login method.