Duplex Near Reid Park,
For Sale
$339,500
2717 E Eastland Street, Tucson, AZ 85716
MULTI_FAMILY - Bungalow - Tucson, AZ
Property Size1,760 SF
Lot Size0.17 Acres
Price / SF$192.90
Days on Market176
Property Features for 2717 E Eastland Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
Tucson - R1
Parking
4
Fencing
Chain Link
Appliances
Gas Range
Subdivision
Country Club Annex
Lot features
Shrubs, Adjacent to Alley
Elementary school
Robins
Middle school
Mansfeld
High school
Tucson
Elementary school district
TUSD
Middle school district
TUSD
High school district
TUSD
Directions
Broadway/Country Club -S, Eastland west to address
Standard status
Active
APN
129-05-0620
Size
1,760 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
From Parcel:001010010 /Country Club Annex Lot 37 Exc N10' Blk 3
Legal Description
From Parcel:001010010 /Country Club Annex Lot 37 Exc N10' Blk 3
Utilities
Heating system
Forced Air, Electric (Heating)
Cooling system
Wall Unit(s)
Water source
Public
Amenities
in-unit washer/dryer
private fenced yard
covered front porch
Building Details
Year built
1952
Number of units
2
Flooring type
Tile - Ceramic
Building materials
Brick
Roof type
Shingle
Architectural style
Bungalow
Listing Agency:
Tierra Antigua Realty
(520) 318-5290
Listed By:
Jade Bossert
(520) 797-6900
Added: Feb 27
Changed: Aug 18
Last Checked: Aug 22 at 7:06AM
MLS# 22605503
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 brick duplex, located three blocks west of Reid Park, contains two large one-bedroom units. Each unit includes one bathroom, a living room/dining area, and a kitchen. The flooring throughout is ceramic tile. One unit is heated by a mini-split system, while the other has a mini-split and a window unit. Both units are equipped with an in-unit washer/dryer and security window bars. The current monthly rents are $875.00 and $750.00, with leases expiring on 10-6-26. Tenants are responsible for gas and electric utilities. Each unit also features a private fenced yard with a mesquite tree. A shared covered front porch enhances the property's Tucson charm. The property is located on a street with manicured homes. The property is zoned Tucson - R1 and sits on a lot of 0.17 acres. The building size is 1760 square feet.
Key Highlights
- Brick duplex (bungalow style) built in 1952 with two 1‑bedroom, 1‑bath units
- Current monthly rents are $875 and $750; tenants pay gas and electric
- Each unit includes in‑unit washer/dryer and security window bars
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
$19,722
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
5.81%
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%
$394,440
$394.4K
Cap Rate 7%
$281,743
$281.7K
Cap Rate 9%
$219,133
$219.1K
Market Conditions
NOI Build-Up for 1,760 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
$30.6K $17.40/SF
− Vacancy
−$2.4K −$1.39/SF
EGI
$28.2K $16.01/SF
− OpEx
−$8.5K −$4.80/SF
NOI
$19.7K $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%
$394,440
Cap Rate 7%
$281,743
Cap Rate 9%
$219,133
Alternative Uses
Best Use
Multifamily LT 5
$281.7K
$246.5K – $328.7K
NOI $19,722 @ 7.0% cap · market cap 5.81%
Second Best
Apartment 5plus
$258.3K
$226.1K – $301.4K
NOI $18,084 @ 7.0% cap · market cap 5.33%
Theoretical Best
Office A
$457.2K
$400.1K – $533.4K
NOI $32,004 @ 7.0% cap · market cap 9.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
613
Businesses Nearby
Explore this area
Business Placement
Demographics for 85716, AZ
31,521
Population
19,025
Households
1.7
Avg Household Size
39
Median Age
42%
College-Educated
92%
High-School Grad
7.2 sq mi
ZIP Area
4,378
Density / Sq Mi
$47,009
Median Household Income
$33,367
Median Earnings
$1,021
Median Rent
$300,900
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?
Duplex - Charming duplex near Reid Park with below-market rents.
Where is this duplex located?
The property is located at 2717 E Eastland Street Tucson, AZ.
What is the asking price?
The asking price for this property is $339,500.
What are key features of this property?
This property features: Brick duplex (bungalow style) built in 1952 with two 1‑bedroom, 1‑bath units; Current monthly rents are $875 and $750; tenants pay gas and electric; Each unit includes in‑unit washer/dryer and security window bars
