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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
    View details
    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
    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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    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.

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    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.

    View details
    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 80 Potential Opportunities for your consideration. Besides 12 Active listings in Tucson, AZ, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 60 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Sierra Vista Multifamily Investment Opportunity
    Sierra Vista Multifamily Investment Opportunity

    N Pfister Avenue N, Sierra Vista, AZ 85635

    $450,000
    3,900 sqft · 0.67 AC lot

    Six-unit multifamily property near Ft. Huachuca in Sierra Vista.

    View details
    Mesa Multifamily Property Near Downtown
    Mesa Multifamily Property Near Downtown

    6521 E University Dr, Mesa, AZ 85205

    $7,000,000

    Apartment community near downtown Mesa with convenient access to amenities.

    View details
    Sierra Vista Multifamily Opportunity
    Sierra Vista Multifamily Opportunity

    2200 Las Brisas Way |, Sierra Vista, AZ 85635

    $10,000,000

    Multifamily property in Sierra Vista with value-add potential.

    View details
    Apartment Community Near Downtown Mesa
    Apartment Community Near Downtown Mesa

    6521 E University Dr, Mesa, AZ 85205

    $7,000,000
    23,800 sqft

    Apartment community near employment, education, and lifestyle destinations.

    View details

    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.

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    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 Tucson, AZ

    Consider similar Off-Market properties in Tucson, 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
    3025 Los Altos Ave
    APARTMENT HOUSE (5+ UNITS)

    3025 Los Altos Ave, Tucson, AZ 85705-4675

    $1,225,000
    Estimated value
    4,666 sqft · 0.83 AC lot
    View details
    4444 Lee St
    APARTMENT HOUSE (5+ UNITS)

    4444 Lee St, Tucson, AZ 85712-3932

    $2,040,000
    Estimated value
    2,400 sqft · 0.64 AC lot
    View details

    Tucson, AZ Apartment Buildings Market Trends and Statistics

    Explore 72 apartment buildings for sale in Tucson, AZ, showcased through 12 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 Tucson, 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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    Demographics Overview

    Population 916K
    Population Growth (5Y) +1.1%
    Median Household Income $68,599
    College Educated 29.8%

    High-Yield Neighborhoods for Investment

    Identify Tucson submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    85714 $325K
    85713 $495K
    85705 $1.3M
    85719 $1.5M
    85712 $1.8M

    Taxes & Financing

    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Pima County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Pima County

    Office

    Residential Income

    Property Size Breakdown

    The majority of commercial real estate listings in Tucson fall within the 100,000+ square foot range.

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    Most Searched ZIP Codes in Tucson, AZ

    • 85719
    • 85705
    • 85713
    • 85712
    • 85714

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