Tucson Income Property with
2841 N Richey Boulevard Tucson, AZ 85716
2841 N Richey Boulevard, Tucson, AZ, 85716
$324,900
For Sale
$324,900
MULTI_FAMILY - Contemporary - Tucson, AZ
Property Size1,436 SF
Lot Size0.17 Acres
Price / SF$226.25
Days on Market112
Property Features for 2841 N Richey Boulevard
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- Tucson - R2
- Parking
- 4
- Window features
- Double Pane Windows
- Interior features
- Breakfast Bar, Beamed Ceilings, Vaulted Ceiling(s)
- Exterior features
- Courtyard
- Appliances
- Double Sink, Gas Range, Dishwasher
- Standard status
- Active
- APN
- 111-06-0970
- Size
- 1,436 SF
- Lot size
- 0.17 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- LINCOLN PARK N60' OF S120' OF LOT 1 BLK 5
Utilities
- Heating system
- Heat Pump (Heating)
- Cooling system
- Wall Unit(s), Ceiling Fan(s), Central Air
- Water source
- Public
Building Details
- Year built
- 1974
- Number of units
- 2
- Flooring type
- Tile - Ceramic
- Building materials
- Frame - Stucco
- Roof type
- Shingle, Built-Up
- Architectural style
- Contemporary
Listing Agency
Realty Executives Arizona Territory
(520) 877-4940
3300 E Sunrise Dr #50, Tucson, AZ
Listed by
Valerie Lovio
(520) 490-0367
Added: Mar 27 Checked: Jul 16 at 8:06 pm
MLS# 22608134
Listing URL
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Investment Insights
Based on property information with market context.
This centrally located income property in Tucson, Arizona, offers investment potential and flexibility. The setup includes a main home with 2 bedrooms and 2 bathrooms, along with a detached studio-style guesthouse that features a full kitchen and bathroom. The property is suitable for short-term rentals, long-term rentals, multi-generational living, or for an owner-occupant seeking to offset their mortgage with additional income. Located in a desirable central Tucson area near shopping, dining, and major transportation routes, this property is zoned Tucson - R2. The property size is 1,436 square feet on a lot of 0.17 acres. The versatile setup offers separate living spaces that provide privacy and flexibility for tenants or guests. This property presents an opportunity to own an income-producing property in a high-demand location.
Key Highlights
- 2‑bedroom, 2‑bath main home plus a detached studio‑style guest house with full kitchen and bathroom
- Centrally located Tucson income property with separate living spaces for tenants or guests
- Interior features include vaulted ceilings, beamed ceilings, and a breakfast bar
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 | $25.0k | $17.40 |
| − Vacancy | −$2.0k | −$1.39 |
| EGI | $23.0k | $16.01 |
| − OpEx | −$6.9k | −$4.80 |
| NOI | $16.1k | $11.21 |
1,436 SF · lease $17.40/SF/yr · vacancy 8.00% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$229.9K
$201.1K – $268.2K
NOI $16,091 @ 7.0% cap · market cap 4.95%
Second Best
Apartment 5plus
$210.8K
$184.4K – $245.9K
NOI $14,755 @ 7.0% cap · market cap 4.54%
Theoretical Best
Office A
$373.0K
$326.4K – $435.2K
NOI $26,113 @ 7.0% cap · market cap 8.04%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Centrally located income property with main home and detached guesthouse.
Where is this duplex located?
The property is located at 2841 N Richey Boulevard Tucson, AZ.
What is the asking price?
The asking price for this property is $324,900.
What are key features of this property?
This property features: 2‑bedroom, 2‑bath main home plus a detached studio‑style guest house with full kitchen and bathroom; Centrally located Tucson income property with separate living spaces for tenants or guests; Interior features include vaulted ceilings, beamed ceilings, and a breakfast bar
