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    Renovation Opportunity in Central Tucson
    Updated: Apr 21, 2025
    Renovation Opportunity in Central Tucson

    2432 N Balboa Ave, Tucson, AZ 85705

    $1,595,000
    11,760 sqft
    Two properties included, totaling 29 units.
    Vacant properties allow for immediate renovation and leasing.
    Permitted for all renovations required to begin leasing operations.
    Located in a strong rental location of central Tucson.
    Opportunity for significant value increase post‑renovation (estimated value exceeding $2.5M to $3.0M at stabilization).
    View details

    This listing looks promising.

    Here's a quick look at some key insights for

    2432 N Balboa Ave, Tucson, AZ 85705

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    • Est. Cap Rate

      6.5%
      Above avg (5.9%)

    • Est. NOI

      $103K
      Annual

    • Mortgage

      $1.88M
      Recorded

    • Property Type

      Apartments (Generic)
      Built 1948
    View Property Analytics
    Six-Unit Apartment Building
    Updated: May 28
    Six-Unit Apartment Building

    806 E 10th Street, Tucson, AZ 85719

    $1,495,000
    4,062 sqft · 0.21 AC lot
    Six‑unit multifamily property built in 1976
    All units are 2 bed, 1 bath—12 bedrooms total across the six units
    Professional maintenance and in‑place income at acquisition with rents below market
    Construction: frame stucco; roof is built‑up
    Heating: natural gas forced air; cooling: central air
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    Stabilized Tucson Multifamily Investment Property
    Stabilized Tucson Multifamily Investment Property

    4141 E Lee Street, Tucson, AZ 85712

    $1,798,000
    3,612 sqft · 1.31 AC lot

    25-unit property with apartments and mobile home pads in Tucson.

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    Five-Unit Residential Income Property
    Five-Unit Residential Income Property

    123 W Illinois Street, Tucson, AZ 85714

    $325,000
    3,168 sqft · 0.35 AC lot

    Five rental homes across two parcels, including a duplex and three 1-bedroom casitas, sold as-is for investor use.

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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Ajo Multifamily Investment Opportunity
    Ajo Multifamily Investment Opportunity

    355 S SAHUARO Street, Ajo, AZ 85321

    $800,000
    5.00 AC lot

    Income-producing 18-unit complex with expansion potential on 5 acres.

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    Mixed-Use Property on Stone Avenue
    Mixed-Use Property on Stone Avenue

    750 N Stone Ave, Tucson, AZ 85705

    $1,250,000
    8,783 sqft

    Mixed-use property with retail, apartments, and studio spaces.

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    Montecito Manor Apartment Complex Investment
    Montecito Manor Apartment Complex Investment

    553 W ESPERANZA Avenue, Ajo, AZ 85321

    $330,000
    1.63 AC lot

    10-unit apartment complex investment opportunity in Ajo, Arizona.

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    Six-Unit Apartment Building Near Campus
    Six-Unit Apartment Building Near Campus

    806 East 10th Street, Tucson, AZ 85719

    $1,600,000
    4,062 sqft

    Six professionally maintained 2-bedroom units provide a practical, student-oriented residential income option close to the University of Arizona.

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    Masonry Multifamily Apartment Building
    Masonry Multifamily Apartment Building

    3850 - 3880 N. Park Ave., Tucson, AZ 85719

    $1,450,000
    8,840 sqft

    For-sale multifamily with ample parking, private backyards, and in-unit amenities like dishwashers and washer/dryer hookups.

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    Student Housing Near University
    Student Housing Near University

    1412 N 1st Ave, Tucson, AZ 85719

    $1,600,000
    5,000 sqft

    17-bed student housing property with long-term lease in place.

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    Tucson Mobile Home Park Investment
    Tucson Mobile Home Park Investment

    1526 W Wetmore Rd, Tucson, AZ

    $590,000
    0.61 AC lot

    All age mobile home park with apartment units in Tucson.

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    Six-Unit Multifamily Property in Tucson
    Six-Unit Multifamily Property in Tucson

    311 W Pastime Rd, Tucson, AZ 85705

    $950,000
    3,980 sqft

    Gated six-unit property near I-10 and University of Arizona.

    View details
    Santa Cruz River Apartments
    Santa Cruz River Apartments

    851 West Ajo Way, Tucson, AZ 85713

    Contact for pricing
    28,584 sqft

    Apartment complex with upgrade potential near Downtown Tucson.

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    Santa Rita Park Multifamily Opportunity
    Santa Rita Park Multifamily Opportunity

    1742 S 4th Ave, Tucson, AZ 85713

    $495,000
    6,681 sqft

    Eleven-unit multifamily property in Santa Rita Park neighborhood, Tucson.

    View details
    Based on your search, we've compiled 76 Potential Opportunities for your consideration. Besides 14 Active listings in Pima County, AZ, we suggest exploring several alternatives: similar 58 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    El Paso Vacant Residential Land
    El Paso Vacant Residential Land

    4936 Titanic Avenue, El Paso, TX 79904

    $95,172
    0.21 AC lot

    9,270 sq ft vacant lot in established El Paso neighborhood.

    View details
    San Jacinto Land with Utilities
    San Jacinto Land with Utilities

    Rosario, San Jacinto, CA 92583

    $155,000
    0.33 AC lot

    Unique lot with utilities available for multiple residential uses.

    View details
    Pahrump Land Investment Opportunity
    Pahrump Land Investment Opportunity

    2001 Casino Street, Pahrump, NV 89048

    Contact for pricing
    0.31 AC lot

    0.31 acre multi-family zoned lot in growing Pahrump, Nevada.

    View details
    Development Opportunity with DTLA Views
    Development Opportunity with DTLA Views

    700 Lookout Dr, Los Angeles, CA 90012

    $799,000
    0.22 AC lot

    Land with potential for up to 23 units.

    View details

    Off-Market Properties in Pima County, AZ

    Consider similar Off-Market properties in Pima County, AZ. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    1951 Benson Hwy
    APARTMENT HOUSE (5+ UNITS)

    1951 Benson Hwy, Tucson, AZ 85714-1872

    $560,000
    Estimated value
    3,940 sqft · 0.79 AC lot
    View details
    3248 Geronimo Ave
    APARTMENT HOUSE (5+ UNITS)

    3248 Geronimo Ave, Tucson, AZ 85705-5212

    $1,010,000
    Estimated value
    1,902 sqft · 0.43 AC lot
    View details
    3455 2nd Ave
    APARTMENT HOUSE (5+ UNITS)

    3455 2nd Ave, Tucson, AZ 85705-6103

    Value Estimation by Request
    2,205 sqft · 0.21 AC lot
    View details
    5735 28th St
    APARTMENT HOUSE (5+ UNITS)

    5735 28th St, Tucson, AZ 85711-5972

    $530,000
    Estimated value
    6,140 sqft · 0.54 AC lot
    View details
    4552 7th Ave
    APARTMENT HOUSE (5+ UNITS)

    4552 7th Ave, Tucson, AZ 85714-2956

    Value Estimation by Request
    1,775 sqft · 0.20 AC lot
    View details
    601 Lee St
    APARTMENT HOUSE (5+ UNITS)

    601 Lee St, Tucson, AZ 85705-6755

    Value Estimation by Request
    264 sqft · 0.44 AC lot
    View details
    1154 Alder Ave
    APARTMENT HOUSE (5+ UNITS)

    1154 Alder Ave, Tucson, AZ 85705-7352

    $1,325,000
    Estimated value
    0.12 AC lot
    View details
    4238 Pima St
    APARTMENT HOUSE (5+ UNITS)

    4238 Pima St, Tucson, AZ 85712-3147

    Value Estimation by Request
    2,092 sqft · 0.80 AC lot
    View details
    Tucson, AZ 85750
    APARTMENT HOUSE (100+ UNITS)

    Tucson, AZ 85750

    $43,000,000
    Estimated value
    2.22 AC lot
    View details
    2442 Balboa Ave
    APARTMENT HOUSE (5+ UNITS)

    2442 Balboa Ave, Tucson, AZ 85705

    $500,000
    Estimated value
    3,650 sqft · 0.41 AC lot
    View details

    Pima County, AZ Apartment Buildings Market Trends and Statistics

    Explore 72 apartment buildings for sale in Pima County, AZ, showcased through 14 active listings on our real estate platform. These investment opportunities span a total of 59,948 square feet of properties for sale, with an estimated market value of $12,558,000.

    Sale prices for two-family homes in Pima County, AZ start at $325,000, averaging $1,255,800, and reaching up to $1,798,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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