Quadruplex Residential Income
For Sale
$620,000
1555 E Bernard Drive, Tucson, AZ 85714
MULTI_FAMILY - Contemporary - Tucson, AZ
Property Size3,257 SF
Lot Size0.34 Acres
Price / SF$190.36
Days on Market155
Property Features for 1555 E Bernard Drive
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning
Tucson - R2
Parking
10
Parking features
RV
Interior features
Breakfast Bar, Beamed Ceilings
Fencing
Chain Link, Fenced
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
Forced Air, Natural Gas, Heat Pump (Heating)
Cooling system
Evaporative Cooling, Ceiling Fan(s)
Water source
Public
Building Details
Year built
1968
Number of units
4
Flooring type
Carpet, Tile - Ceramic
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: Jul 24
Last Checked: Aug 14 at 3:06PM
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 contemporary quadruplex includes multiple rental units plus additional income-supporting structures. The property features a 3-bedroom/2-bath unit with a loft (Unit A), a 2-bedroom/2-bath unit with a loft (Unit B), a studio (Unit D), and a 1-bedroom/1-bath unit (Unit C). A detached casita is also included. Beyond the residential units, there are three rental storage units (each 8x8 with 9-foot height), a rental garage/workshop sized 18x14, and 10+ on-site parking spaces. The exterior has been recently painted, and square footage figures are to be verified.
The asset is situated on a large 0.34-acre lot with a block perimeter wall. Zoning is listed as Tucson - R2.
For sale at 1555 E Bernard Drive, Tucson, AZ 85714.
The asset is situated on a large 0.34-acre lot with a block perimeter wall. Zoning is listed as Tucson - R2.
For sale at 1555 E Bernard Drive, Tucson, AZ 85714.
Key Highlights
- Quadruplex with multiple unit types: Unit A (3/2 with loft), Unit B (2/2 with loft), Unit C (1/1), and Unit D (studio).
- Large .34‑acre lot with a block perimeter wall, fenced chain‑link perimeter, and 10+ on‑site parking spaces.
- Additional income/storage buildings include three rental storage units (8x8x9 high) plus a detached rental garage/workshop (18x14).
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
5.89%
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 5.89%
Second Best
Apartment 5plus
$478.1K
$418.3K – $557.8K
NOI $33,467 @ 7.0% cap · market cap 5.40%
Theoretical Best
Office A
$846.1K
$740.3K – $987.1K
NOI $59,226 @ 7.0% cap · market cap 9.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Multi-tenant
Tenancy
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
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 - Contemporary quadplex with three rental storage units, a detached casita, and a rental garage on a block-walled lot.
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 $620,000.
What are key features of this property?
This property features: Quadruplex with multiple unit types: Unit A (3/2 with loft), Unit B (2/2 with loft), Unit C (1/1), and Unit D (studio).; Large .34‑acre lot with a block perimeter wall, fenced chain‑link perimeter, and 10+ on‑site parking spaces.; Additional income/storage buildings include three rental storage units (8x8x9 high) plus a detached rental garage/workshop (18x14).
