$525,000

Estimated payment $3,320/month

-- Bed
-- Bath
1,845 Sq Ft
$285 Price per Sq Ft

Highlights

  • Brick or Stone Mason
  • Ceiling Fan
  • Heating Available
  • Central Air

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

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1952

Lot Details

  • 86 Sq Ft Lot
  • Property fronts an alley

Home Design

  • Brick or Stone Mason
  • Built-Up Roof
  • Metal Roof

Interior Spaces

  • 1,845 Sq Ft Home
  • Ceiling Fan
  • Gas Range
  • Dryer

Parking

  • 5 Parking Spaces
  • Carport

Schools

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

Utilities

  • Central Air
  • Heating Available

Additional Features

  • North or South Exposure
  • Ground Level

Listing and Financial Details

  • $2,232 special tax assessment

Community Details

Overview

  • 3 Units

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
  • 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: 86.0
  • 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

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
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