Corner Lot Triplex with Covered
1150 N Magnolia Avenue Tucson, AZ 85712
1150 N Magnolia Avenue, Tucson, AZ, 85712
$387,500
For Sale
Under Contract
$387,500
MULTI_FAMILY - Bungalow, Contemporary - Tucson, AZ
Property Size1,792 SF
Lot Size0.17 Acres
Price / SF$216.24
Days on Market119
Property Features for 1150 N Magnolia Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- Tucson - R3
- Parking
- 6
- Patio and Porch features
- Patio
- Appliances
- Gas Range, Disposal, Refrigerator
- Standard status
- Active Under Contract
- APN
- 121-12-0460
- Size
- 1,792 SF
- Lot size
- 0.17 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- From Parcel:001010010 /Avondale N65' S75' Of Lot 6 Blk 3
Utilities
- Heating system
- Floor Furnace
- Cooling system
- Evaporative Cooling, Wall Unit(s), Central Air
- Water source
- Public
Building Details
- Year built
- 1953
- Number of units
- 3
- Flooring type
- Carpet, Tile - Ceramic, Tile
- Building materials
- Frame - Stucco
- Roof type
- Shingle
- Architectural style
- Contemporary, Bungalow
Listing agency
Realty Executives Arizona Territory
(520) 877-4940
Listed by
Eddie D Watters
(520) 237-5607
Added: Mar 27 Updated: Jul 16 at 11:28PM Checked: Jul 23 at 4:06AM
MLS# 22608030
Copyright © 2026 Multiple Listing Service of Southern Arizona. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This corner-lot triplex arrangement features two separate structures: a 2-bedroom main house and a rear duplex with mirrored units. The main house includes a fully fenced setup with a large front yard, covered porch, and side patio. Inside, the bright living/dining room has laminate flooring and recessed lighting. The galley kitchen is equipped with a stainless refrigerator and a gas range, and the bedrooms are described as sizable with natural light. A secluded backyard with a covered patio adds additional outdoor living space.
Located at 1150 N Magnolia Avenue in Tucson, AZ 85712, the property is identified under Tucson zoning R3. The site is described as a rare corner lot with mountain views.
The layout supports multiple tenant scenarios, including a live-in model paired with rental income from the rear duplex. Each duplex unit includes Saltillo tile floors, a full kitchen, a living/dining area, a bedroom with closet space, and a bathroom, creating a consistent, tenant-ready configuration across the duplex units.
Located at 1150 N Magnolia Avenue in Tucson, AZ 85712, the property is identified under Tucson zoning R3. The site is described as a rare corner lot with mountain views.
The layout supports multiple tenant scenarios, including a live-in model paired with rental income from the rear duplex. Each duplex unit includes Saltillo tile floors, a full kitchen, a living/dining area, a bedroom with closet space, and a bathroom, creating a consistent, tenant-ready configuration across the duplex units.
Key Highlights
- Corner lot with mountain views and two separate structures: a 2‑bedroom main house plus a rear duplex with mirrored units
- Main house includes covered porch, front yard, side patio, and a secluded backyard with covered patio
- Main house appliances include gas range, disposal, and refrigerator; cooling includes central air and wall units; heating via floor furnace
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $31.2k | $17.40 |
| − Vacancy | −$2.5k | −$1.39 |
| EGI | $28.7k | $16.01 |
| − OpEx | −$8.6k | −$4.80 |
| NOI | $20.1k | $11.21 |
1,792 SF · lease $17.40/SF/yr · vacancy 8.00% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$286.9K
$251.0K – $334.7K
NOI $20,080 @ 7.0% cap · market cap 5.18%
Second Best
Apartment 5plus
$263.0K
$230.2K – $306.9K
NOI $18,413 @ 7.0% cap · market cap 4.75%
Theoretical Best
Office A
$465.5K
$407.3K – $543.1K
NOI $32,586 @ 7.0% cap · market cap 8.41%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
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FAQs
What type of property is this?
Triplex - Two separate structures combine a 2-bedroom main house with a rear duplex, providing flexible live-and-rent options.
Where is this triplex located?
The property is located at 1150 N Magnolia Avenue Tucson, AZ.
What is the asking price?
The asking price for this property is $387,500.
What are key features of this property?
This property features: Corner lot with mountain views and two separate structures: a 2‑bedroom main house plus a rear duplex with mirrored units; Main house includes covered porch, front yard, side patio, and a secluded backyard with covered patio; Main house appliances include gas range, disposal, and refrigerator; cooling includes central air and wall units; heating via floor furnace
