Contemporary Quadplex with Detached
For Sale
$610,000
1555 E Bernard Drive, Tucson, AZ 85714
Residential Income, Contemporary, Tucson, AZ
Property Size3,257 SF
Lot Size0.34 Acres
Price / SF$187.29
Days on Market204
Property Features for 1555 E Bernard Drive
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning
Tucson - R2
Parking
10
Interior features
Breakfast Bar, Beamed Ceilings
Fencing
Fenced, Chain Link
Accessibility
Accessible Approach with Ramp
Appliances
Electric Range, Gas Range, Refrigerator
Subdivision
Unsubdivided
Lot features
Shrubs, Adjacent to Alley, Cul-De-Sac, East/ West Exposure
Elementary school
Cavett
Middle school
Utterback-Magnet
High school
Catalina
Elementary school district
TUSD
Middle school district
TUSD
High school district
TUSD
Directions
I-10 or E Benson HWY to E Ajo Way. East to E Bernard Dr. Property on the left at the end of the cul-de-sac.
Standard status
Active
APN
132-16-0170
Size
3,257 SF
Lot size
0.34 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
From Parcel:001010010 /Pc 100'X150' N Of County Rd & 530' Ne From Benson Hwy .34 Ac Sec 31-14-14
Legal Description
From Parcel:001010010 /Pc 100'X150' N Of County Rd & 530' Ne From Benson Hwy .34 Ac Sec 31-14-14
Utilities
Heating system
Natural Gas, Forced Air, Heat Pump (Heating)
Cooling system
Evaporative Cooling, Ceiling Fan(s)
Water source
Public
Building Details
Year built
1968
Number of units
4
Flooring type
Tile - Ceramic, Carpet
Building materials
Block, Frame - Stucco
Roof type
Shingle, Rolled Hot Mop
Architectural style
Contemporary
Additional Structures
Workshop
Listing Agency:
Realty One Group Integrity
(520) 447-5922
Listed By:
Santiago Ortiz
(520) 981-9080
Added: Mar 13
Changed: Oct 2
Last Checked: Oct 2 at 8:06AM
MLS# 22606788
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 3,257-square-foot quadplex sits on a 0.34-acre parcel and includes four separate residential units. The layouts comprise a 1,375-square-foot three-bedroom, two-bath unit with a loft; a 1,057-square-foot two-bedroom, two-bath unit with a loft; a 600-square-foot one-bedroom, one-bath detached casita; and a 225-square-foot studio. The property also includes three rental storage units measuring 8x8x9 high and an 18x14 rental garage/workshop.
Built in 1968, the property features block and frame-stucco construction, ceramic tile and carpet flooring, a block perimeter wall, and 10+ on-site parking spaces. Interior features include breakfast bars and beamed ceilings. Appliances include electric and gas ranges and refrigerators. Heating is provided by forced air, a heat pump, and natural gas, while cooling includes evaporative systems and ceiling fans. The property is served by public water and is zoned Tucson - R2.
Built in 1968, the property features block and frame-stucco construction, ceramic tile and carpet flooring, a block perimeter wall, and 10+ on-site parking spaces. Interior features include breakfast bars and beamed ceilings. Appliances include electric and gas ranges and refrigerators. Heating is provided by forced air, a heat pump, and natural gas, while cooling includes evaporative systems and ceiling fans. The property is served by public water and is zoned Tucson - R2.
Key Highlights
- Four‑unit configuration with 3,257 square feet of total property size
- Unit mix includes 3/2, 2/2, 1/1, and studio layouts; the 3/2 and 2/2 units include lofts
- Detached 600ft.2 casita and 225ft.2 studio
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$36,497
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.98%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$729,940
$729.9K
Cap Rate 7%
$521,386
$521.4K
Cap Rate 9%
$405,522
$405.5K
Market Conditions
NOI Build-Up for 3,257 SF
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.
Gross rent
$56.7K $17.40/SF
− Vacancy
−$4.5K −$1.39/SF
EGI
$52.1K $16.01/SF
− OpEx
−$15.6K −$4.80/SF
NOI
$36.5K $11.21/SF
Area
Tucson, AZ
Vacancy
8.00%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$729,940
Cap Rate 7%
$521,386
Cap Rate 9%
$405,522
Alternative Uses
Best Use
Multifamily LT 5
$521.4K
$456.2K – $608.3K
NOI $36,497 @ 7.0% cap · market cap 5.98%
Second Best
Apartment 5plus
$478.1K
$418.3K – $557.8K
NOI $33,467 @ 7.0% cap · market cap 5.49%
Theoretical Best
Office A
$846.1K
$740.3K – $987.1K
NOI $59,226 @ 7.0% cap · market cap 9.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
4
Residential units
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
788
Businesses Nearby
Explore this area
Business Placement
Demographics for 85714, AZ
14,232
Population
5,589
Households
2.5
Avg Household Size
38
Median Age
10%
College-Educated
69%
High-School Grad
5.6 sq mi
ZIP Area
2,541
Density / Sq Mi
$47,093
Median Household Income
$30,204
Median Earnings
$879
Median Rent
$177,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Four distinct units include a studio, one-bedroom, and two larger layouts with lofts.
Where is this quadplex located?
The property is located at 1555 E Bernard Drive Tucson, AZ.
What is the asking price?
The asking price for this property is $610,000.
What are key features of this property?
This property features: Four‑unit configuration with 3,257 square feet of total property size; Unit mix includes 3/2, 2/2, 1/1, and studio layouts; the 3/2 and 2/2 units include lofts; Detached 600ft.2 casita and 225ft.2 studio
