NOT LISTED FOR SALE

2255 N Ralph Ave Tucson, AZ 85712

Midtown Tucson Neighborhood

Estimated Value: $366,000 - $485,289

6 Beds
5 Baths
3,360 Sq Ft
$131/Sq Ft Est. Value

Last Sold October 28, 2022

Last sale price $375,000 $112 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $2,434/month

23 Days on Market

Highlights

  • RV Access or Parking
  • Contemporary Architecture
  • No HOA
  • Deck
  • Secondary bathroom tub or shower combo
  • Eat-In Kitchen

About This Home

As of October 2022

Calling all investors! Tri-plex that is fully occupied. All units are a spacious 2 bed 1 and 1/2 bath with laundry hookups, and fenced yards! Extra onsite parking available. Convenient location close to shopping, U of A, I-10, downtown, and bus lines. Tenants pay all utilities, except for water, sewer, and trash. Units always rented. Don't miss this opportunity! PLEASE DO NOT DISTURB TENANTS. ALL UNITS OCCUPIED. The MLS Photos are from 2021 and actual condition of the property may differ.

Last Agent to Sell the Property

Angela Kuzma

Keller Williams Southern Arizona Listed on: 10/05/2022

Co-Listed By

Carmen Calvillo

Keller Williams Southern Arizona

Last Buyer's Agent

Noreen Olsen

eXp Realty License #SA671439000

eXp Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1985

Lot Details

  • 41 Sq Ft Lot
  • East or West Exposure
  • Wood Fence

Home Design

  • Triplex
  • Contemporary Architecture
  • Shingle Roof
  • Siding

Interior Spaces

  • 3,360 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Window Treatments
  • Living Room
  • Laundry in Kitchen

Kitchen

  • Eat-In Kitchen
  • Breakfast Bar
  • Electric Range
  • Dishwasher
  • Laminate Countertops
  • Disposal

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • Dual Sinks
  • Secondary bathroom tub or shower combo

Parking

  • Carport
  • Driveway
  • RV Access or Parking

Schools

  • Wright Elementary School
  • Doolen Middle School
  • Catalina High School

Utilities

  • Refrigerated and Evaporative Cooling System
  • Forced Air Heating System
  • Air Source Heat Pump
  • Natural Gas Not Available
  • Electric Water Heater

Additional Features

  • Deck
  • Ground Level

Listing and Financial Details

  • $1,759 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

  • Maintenance Expense $925
  • Water Sewer Expense $2,448
  • New Taxes Expense $1,759
  • Operating Expense $5,350
  • Gross Income $38,406
  • Net Operating Income $33,056

Property Details

Home Type

Multi-Family

Year Built

Built in 1985

Lot Details

41 Sq Ft Lot

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Triplex
  • Horses: No
  • Lot Size: Irregular
  • Road Surface Type: Paved
  • CapRate: 8.81
  • Supplies Expense: 925.0
  • Co List Office Mls Id: 478310
  • Co List Office Phone: 520-225-0020
  • Co List Office Mls Id: 478310
  • Subdivision Name: Towner Addition
  • General Property Information: List Price/SqFt: 117.56
  • General Property Information: Lot Size Price/SqFt: 41.91
  • Special Features: None

Interior Features

  • Kitchen Features Countertops: Laminate
  • Appliances: Disposal, Double Sink, Electric Range, Dishwasher, Refrigerator

Exterior Features

  • ExteriorFeatures: None
  • Roof: Shingle
  • View: Residential
  • Patio And Porch Features: Deck

Utilities

  • Electric Electric Company: TEP
  • Utilities: Sewer Connected, Pre-Wired Tele Lines
  • Laundry Features: In Kitchen, Laundry Closet
  • Cooling: Evaporative Cooling, Heat Pump
  • Heating Yn: Yes
  • Water Source: Public

Fee Information

  • Expenses Contract Services: 218.0
  • Expenses Figures Presented: Actual
  • Expenses Maintenance Supplies: 925.0
  • Expenses Taxes Assessments: 1759.22
  • Annual Water Sewer Expense: 2448.0

Schools

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

Lot Info

  • Lot Features: East/West Exposure
  • Lot Size Sq Ft: 41.0
  • Zoning: Tucson - R2

Building Info

  • Year Built: 1985

Rental Info

  • Utilities Paid Landscaping: Tenant
  • Utilities Paid Trash: Owner

Tax Info

  • Tax Year: 2021
  • New Taxes Expense: 1759.22

Multi Family

  • Number Of Units Total: 3
  • Annual Gross Income: 38406.0
  • Property Net Operating Income: 33055.78
  • Annual Operating Expense: 5350.22

MLS Schools

  • Elementary School: Wright
  • High School: Catalina

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 5, 2022
Closed on
Oct 26, 2022
Sold by
Korsgaard Matt G and Baines Geoff J
Bought by
Orcutt Family Trust and Orcutt
Seller's Agent
Angela Kuzma
Keller Williams Southern Arizona
Buyer's Agent
Noreen Olsen
eXp Realty
List Price
$395,000
Sold Price
$375,000
Premium/Discount to List
-$20,000
-5.06%
Current Estimated Value
$441,072

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$66,072
Avg. Annual Appreciation
5.04%

Purchase Details

Closed on
Jul 27, 2009
Sold by
Shedd Eric
Bought by
Korsgaard Matt G and Baines Geoff J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$179,250
Interest Rate
5.31%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 3, 2001
Sold by
Snedden Group Ii Llc
Bought by
Shedd Eric

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$171,129
Interest Rate
6.9%
Mortgage Type
FHA
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Orcutt Family Trust $375,000 Premier Title
Orcutt Family Trust $375,000 Premier Title
Korsgaard Matt G $239,000 Tfnti
Shedd Eric $173,850 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Korsgaard Matt G $179,250
Previous Owner Shedd Eric $171,129
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/28/2022 10/28/22 Sold $375,000 -5.1% $112 / Sq Ft
10/05/2022 10/05/22 For Sale $395,000 0.0% $118 / Sq Ft
05/13/2021 05/13/21 Rented $945 0.0% --
05/13/2021 05/13/21 For Rent $945 +35.0% --
08/10/2018 08/10/18 Rented $700 0.0% --
08/10/2018 08/10/18 For Rent $700 +3.7% --
02/01/2018 02/01/18 Rented $675 0.0% --
02/01/2018 02/01/18 For Rent $675 +3.8% --
11/14/2016 11/14/16 Rented $650 0.0% --
10/15/2016 10/15/16 Under Contract -- -- --
10/03/2016 10/03/16 For Rent $650 0.0% --
05/26/2015 05/26/15 Rented $650 0.0% --
04/26/2015 04/26/15 Under Contract -- -- --
03/11/2015 03/11/15 For Rent $650 -- --
Source: MLS of Southern Arizona

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2026 $1,945 $15,442 -- --
2025 $1,945 $14,707 -- --
2024 $1,759 $14,007 -- --
2023 $1,759 $13,340 -- --
2022 $1,769 $12,704 $0 $0
2021 $1,759 $11,523 $0 $0
2020 $1,706 $20,818 $0 $0
2019 $1,683 $17,903 $0 $0
2018 $1,646 $9,954 $0 $0
2017 $1,637 $9,954 $0 $0
2016 $1,610 $9,480 $0 $0
2015 $1,562 $9,029 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2022

    Angela Kuzma

    Keller Williams Southern Arizona

  • C

    Seller Co-Listing Agent in 2022

    Carmen Calvillo

    Keller Williams Southern Arizona

  • N

    Buyer's Agent in 2022

    Noreen Olsen

    eXp Realty

    (520) 343-9139

    3 in this area

    32 Total Sales

    Noreen Olsen
    Section Image

  • R

    Seller's Agent in 2021

    Rob Alvarez

    Keller Williams Southern Arizona

    (520) 886-8282

    1 in this area

    75 Total Sales

    Rob Alvarez
    Section Image

  • R

    Buyer's Agent in 2021

    Robin Alvarez

    Ochoa Realty & Property Management

  • t

    Buyer's Agent in 2021

    tar.rets.25319

    tar.rets.RETS_OFFICE

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Map

Source: MLS of Southern Arizona

MLS Number: 22225849

MLS of Southern Arizona

APN: 122-05-015A

Arizona Pima County Tucson 85712 Midtown Tucson

2255 N Ralph Ave, Tucson, AZ

Not Listed for Sale

MultiFamily

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MLS of Southern Arizona The data relating to real estate listings on this website comes in part from the Internet Data Exchange (IDX) program of Multiple Listing Service of Southern Arizona. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listings provided by brokerages other than Ten-X are identified with the MLSSAZ IDX Logo. All Information Is Deemed Reliable But Is Not Guaranteed Accurate. Listing information Copyright 2026 MLS of Southern Arizona. All Rights Reserved.

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