$480,000

Estimated payment $2,973/month

Total Views 7,667
-- Bed
-- Bath
1,845 Sq Ft
$260 Price per Sq Ft

Highlights

  • Ranch Style House
  • No HOA
  • Brick or Stone Mason
  • Sam Hughes Elementary Rated 10
  • Eat-In Kitchen
  • Living Room

About This Home

Fantastic Triplex Investment Opportunity minutes from the U of A, Downtown & 4th Ave. This unique multi-unit property offers a 2 bed +1 bath with an attached 1 bed + 1 bath, along with a stand alone studio. The 2/1 recent updates include renovated bathroom, new tile throughout, refrigerator & gas stove. This unit is currently vacant & ready to be rented. The 1/1 is leased through April. The Studio is on a month to month lease. Property is fenced with corrugated metal for privacy off of Broadway. Access to parking is through the back ally off Highland with 5 (possibly 7 depending on size of vehicle) covered parking spaces. Laundry is on property in locked storage room for Tennant Only access. Each unit has it's own separate entrance. The property is a prime location close to U of A... shopping, dining & transit with excellent rental income potential in a high demand area. Don't miss this opportunity to own this Versatile Gem in the heart of Central Tucson!!
The 2 units that are tenant occupied require 48 hour notice to show. This property is MUST SEE! Rents shown for 2/1 are estimated as it is vacant. Rents for 1/1 & studio are actual with current leases.

Listing Agent

Sara Hersha

Engel & Volkers Tucson Listed on: 10/03/2025

Engel & Volkers Tucson

Co-Listing Agent

Curt Stinson

Engel & Volkers Tucson

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1952

Lot Details

  • 79 Sq Ft Lot
  • Property fronts an alley
  • Chain Link Fence

Home Design

  • Triplex
  • Ranch Style House
  • Brick or Stone Mason
  • Built-Up Roof
  • Metal Roof
  • Lead Paint Disclosure

Interior Spaces

  • Shower Only in Secondary Bathroom
  • 1,845 Sq Ft Home
  • Ceiling Fan
  • Window Treatments
  • Living Room
  • Storage Room
  • Ceramic Tile Flooring

Kitchen

  • Eat-In Kitchen
  • Gas Range

Laundry

  • Dryer
  • Washer

Parking

  • 5 Parking Spaces
  • Carport
  • Driveway

Schools

  • Sam Hughes Elementary School
  • Mansfeld Middle School
  • Tucson High School

Utilities

  • Forced Air Heating and Cooling System
  • Natural Gas Water Heater
  • High Speed Internet
  • Cable TV Available

Additional Features

  • North or South Exposure
  • Shed
  • Ground Level

Listing and Financial Details

  • $2,232 special tax assessment

Community Details

Overview

  • No Home Owners Association
  • 3 Units
  • The community has rules related to covenants, conditions, and restrictions, deed restrictions

Building Details

  • Insurance Expense $2,258
  • Maintenance Expense $375
  • Professional Management Expense $3,318
  • Water Sewer Expense $1,662
  • New Taxes Expense $2,232
  • Operating Expense $10,454
  • Gross Income $33,180
  • Net Operating Income $22,726

Property Details

Home Type

Multi-Family

Year Built

Built in 1952

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Triplex
  • Unit Info Average Monthly Rent One Bedroom: 650.0
  • Unit Info Average Monthly Rent Two Bedroom: 1400.0
  • Unit Info Average Monthly Rent Studios: 600.0
  • Horses: No
  • Lot Size: Irregular
  • Road Surface Type: Paved
  • CapRate: 4.33
  • Professional Management Expense: 3318.0
  • Supplies Expense: 375.0
  • Co List Office Mls Id: 51620
  • Co List Office Phone: 520-954-5800
  • Co List Office Mls Id: 51620
  • Subdivision Name: University Heights
  • General Property Information: List Price/SqFt: 260.16
  • General Property Information: Lot Size Price/SqFt: 79.27
  • Special Features: None

Interior Features

  • Interior Steps: No
  • Appliances: Electric Range, Gas Range, Refrigerator

Exterior Features

  • Roof: Built-Up - Reflect, Metal
  • View: Residential
  • Construction Type: Brick
  • Other Structures: Shed(s)
  • Patio And Porch Features: None

Utilities

  • Electric Electric Company: TEP
  • Utilities: Sewer Connected
  • Laundry Features: Other, Storage, Dryer Included, Washer Included
  • Cooling: Ceiling Fan(s), Central Air
  • Heating Yn: Yes
  • Water Source: Public

Fee Information

  • Expenses Capital Expenses: 608.45
  • Expenses Figures Presented: Proforma
  • Expenses Maintenance Supplies: 375.0
  • Expenses Taxes Assessments: 2232.04
  • Annual Water Sewer Expense: 1662.4

Schools

  • Junior High Dist: TUSD
  • Middle Or Junior School: Mansfeld

Lot Info

  • Lot Features: Adjacent to Alley, North/South Exposure, Subdivided, Decorative Gravel
  • Lot Size Sq Ft: 79.0
  • Zoning: Tucson - C1

Building Info

  • Year Built: 1952

Rental Info

  • Utilities Paid Trash: Owner

Tax Info

  • Tax Year: 2025
  • New Taxes Expense: 2232.04

Multi Family

  • Number Of Units Total: 3
  • Annual Gross Income: 33180.0
  • Insurance Expense: 2258.0
  • Property Net Operating Income: 22726.11
  • Annual Operating Expense: 10453.89

MLS Schools

  • Elementary School: Sam Hughes
  • High School: Tucson

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/13/2026 02/13/26 Price Changed $480,000 -4.0% $260 / Sq Ft
12/11/2025 12/11/25 Price Changed $500,000 -4.8% $271 / Sq Ft
10/03/2025 10/03/25 For Sale $525,000 -- $285 / Sq Ft
Source: MLS of Southern Arizona

Source: MLS of Southern Arizona

MLS Number: 22525813

MLS of Southern Arizona
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