Duplex with Separate Guest
For Sale
$329,900
207 W Tennessee Street, Tucson, AZ 85714
Residential Income, Ranch, Tucson, AZ
Property Size2,222 SF
Lot Size0.17 Acres
Price / SF$148.47
Days on Market30
Property Features for 207 W Tennessee Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
Tucson - R2
Parking
2
Fencing
Chain Link
Appliances
Refrigerator
Subdivision
National City NO. 5
Lot features
North/ South Exposure
Elementary school
Rose
Middle school
Utterback-Magnet
High school
Pueblo
Elementary school district
TUSD
Middle school district
TUSD
High school district
TUSD
Directions
From Ajo way, s-6th Ave, w-Ohio, s-9th Ave, w-Tennessee St to home on the left.
Standard status
Active
APN
120-08-4240
Size
2,222 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
National City No 5 Lot 2 Exc S 7.5' For Alley Blk 7
Legal Description
National City No 5 Lot 2 Exc S 7.5' For Alley Blk 7
Utilities
Heating system
Electric (Heating), Forced Air, Natural Gas
Cooling system
Wall Unit(s), Central Air
Water source
Public
Building Details
Year built
1961
Number of units
2
Flooring type
Tile - Ceramic
Building materials
Block, Brick, Masonry Stucco
Roof type
Shingle, Built-Up
Architectural style
Ranch
Listing Agency:
Paul McComb Realty
(520) 615-4511
Listed By:
Paul McComb · License #BR507894000
(520) 240-3949
Added: Aug 15
Changed: Sep 13
Last Checked: Sep 13 at 1:06PM
MLS# 22619945
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 Tucson duplex property contains 2,222 square feet across a main residence and a separate guest house. The main unit includes 3 bedrooms, 1 1/2 baths, a large eat-in kitchen, and a spacious living room. The guest house also provides 3 bedrooms, along with 1 bath, a living room, and a dinette beside the kitchen. Both units have washing machine hookups, and the property includes a large driveway.
Each residence is separately metered for water, with tenants responsible for water, sewer, trash, gas, and electric service. Built in 1961, the ranch-style property features block, brick, and masonry stucco construction, ceramic tile flooring, public water, chain-link fencing, and a combination of central air and wall-unit cooling. The property is zoned Tucson - R2.
Each residence is separately metered for water, with tenants responsible for water, sewer, trash, gas, and electric service. Built in 1961, the ranch-style property features block, brick, and masonry stucco construction, ceramic tile flooring, public water, chain-link fencing, and a combination of central air and wall-unit cooling. The property is zoned Tucson - R2.
Key Highlights
- 2,222‑square‑foot duplex with a main house and separate guest house
- Main residence has 3 bedrooms, 1 1/2 baths, eat‑in kitchen, and large living room
- Guest house includes 3 bedrooms, 1 bath, living room, and adjacent dinette
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
$24,899
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
7.55%
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%
$497,980
$498.0K
Cap Rate 7%
$355,700
$355.7K
Cap Rate 9%
$276,656
$276.7K
Market Conditions
NOI Build-Up for 2,222 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
$38.7K $17.40/SF
− Vacancy
−$3.1K −$1.39/SF
EGI
$35.6K $16.01/SF
− OpEx
−$10.7K −$4.80/SF
NOI
$24.9K $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%
$497,980
Cap Rate 7%
$355,700
Cap Rate 9%
$276,656
Alternative Uses
Best Use
Multifamily LT 5
$355.7K
$311.2K – $415.0K
NOI $24,899 @ 7.0% cap · market cap 7.55%
Second Best
Apartment 5plus
$326.2K
$285.4K – $380.5K
NOI $22,832 @ 7.0% cap · market cap 6.92%
Theoretical Best
Office A
$577.2K
$505.1K – $673.4K
NOI $40,406 @ 7.0% cap · market cap 12.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
696
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Duplex - Two residential units offer three-bedroom layouts, dedicated utility metering, and tenant-paid utilities.
Where is this duplex located?
The property is located at 207 W Tennessee Street Tucson, AZ.
What is the asking price?
The asking price for this property is $329,900.
What are key features of this property?
This property features: 2,222‑square‑foot duplex with a main house and separate guest house; Main residence has 3 bedrooms, 1 1/2 baths, eat‑in kitchen, and large living room; Guest house includes 3 bedrooms, 1 bath, living room, and adjacent dinette
