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    Historic Armory Park Live-Work Duplex Title is generated by Realmo AI

    287 S Scott Avenue, Tucson, AZ 85701

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    Claim this Listing
    For Sale
    Under Contract
    $549,900

    MULTI_FAMILY - Bungalow - Tucson, AZ

    Property size:
    1,246 SF
    Lot size:
    0.06 Acres
    Price / SF:
    $441/SF
    Added:
    Mar 26, 2026
    Days on Market:
    47
    Last Refresh:
    May 11 at 7:06 am

    Property Features for 287 S Scott Avenue

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    Tucson - HC3
    Parking
    3
    Window features
    Skylight(s)
    Patio and Porch features
    Patio
    Interior features
    Adobe, Kitchen Island, Wet Bar, Vaulted Ceiling(s)
    Appliances
    Gas Range, Dishwasher, Disposal
    Standard status
    Active Under Contract
    APN
    117-17-0400
    Size
    1,246 SF
    Lot size
    0.06 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    TUCSON RESUB MILITARY PLAZA S2 LOT 7 BLK 258

    Utilities

    Heating system
    Natural Gas, Forced Air
    Cooling system
    Central Air, Zoned
    Water source
    Public

    Building Details

    Year built
    1928
    Number of units
    2
    Flooring type
    Wood
    Building materials
    Burnt Adobe, Stucco
    Roof type
    Rolled Hot Mop
    Architectural style
    Bungalow

    We can help!

    Listing Contact
    Marcos Felizardo Aguayo
    Marcos Felizardo Aguayo

    Listing agent Marcos Felizardo Aguayo

    Listing office Tierra Antigua Realty 216 E Congress, Tucson, AZ

    Listing date Mar 26, 2026

    MLS# 22608014 Listing URL

    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.

    HighLights

    • Prime location in the Historic Armory Park District, directly across from the Arizona Theatre Company and Temple of Music and Art, and 1 minute from Downtown.
    • HC‑3 zoning allows for residential or commercial use, offering live‑in and/or investment opportunities (Airbnb).
    • Duplex configuration with a 1‑bedroom unit and an open studio space, easily convertible to a single‑family home.
    • Original 1928 architectural details including grand ceilings, oversized windows, solid wooden doors, and original hardwood flooring.
    • Modern kitchen with white cabinetry, black & white checker flooring, stainless steel prep island, and commercial‑grade appliances.
    • Large paver parking pad for up to 3 cars, with potential to create a backyard patio oasis.

    Overview

    Located on South Scott Avenue, across from the Arizona Theatre Company and Temple of Music and Art, this 1928-built duplex offers live-in and investment opportunities. Situated in the Historic Armory Park District with HC-3 zoning, the property can be used as a residential or commercial dwelling. The property features original details, including grand ceilings, over-sized windows, solid wooden doors, and original hardwood flooring, along with a modern kitchen with white cabinetry, black & white checker flooring, a stainless steel prep island, and commercial-grade appliances. Unit 1 includes 1-bedroom, a living area, kitchen, and combined laundry/mud room and is currently used as an Airbnb. Unit 2 is an open studio space with a bathroom and laundry room, suitable for a live-in art studio or home office. Each unit has bathrooms with black & white tile finishes in the stand-up showers. The passage between both units has been sealed off but can easily be re-opened to create one large single-family home or office space. Out back is a large paver parking pad, suitable for up-to 3 cars. The property's location provides walkability with access to the SunLink Street Car that goes west to the Mercado District and east to UArizona and Banner Main Campus. The property size is 1246 square feet and the lot size is 0.06 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Diebold David Architect

    Suggested Use

    Real Estate Agency Spa & Massage Center Dental Office Restaurant Hair Salon Nail Salon Building Supply Daycare Center Accounting Firm Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Tucson
    County
    Pima
    State
    Arizona
    Longitude
    -110.969308
    Latitude
    32.217675

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    FAQs

    What type of property is this?
    Duplex - Charming 1928 duplex in historic Armory Park District.
    Where is this duplex located?
    The property is located at 287 S Scott Avenue Tucson, AZ.
    What is the asking price?
    The asking price for this property is $549,900.
    What are key features of this property?
    This property features: Prime location in the Historic Armory Park District, directly across from the Arizona Theatre Company and Temple of Music and Art, and 1 minute from Downtown.; HC‑3 zoning allows for residential or commercial use, offering live‑in and/or investment opportunities (Airbnb).; Duplex configuration with a 1‑bedroom unit and an open studio space, easily convertible to a single‑family home.
    (520) 600-8299
    We can help!
    Listing Contact
    Marcos Felizardo Aguayo
    Marcos Felizardo Aguayo
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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