New Construction Duplex
2975 N Walnut Avenue Tucson, AZ 85712
For Sale
$434,999
MULTI_FAMILY - Other - Tucson, AZ
Property Size1,882 SF
Lot Size0.20 Acres
Price / SF$231.14
Days on Market20
Property Features for 2975 N Walnut Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Property condition
- Under Construction
- Zoning
- Tucson - MH1
- Parking
- 4
- Appliances
- Electric Range
- Standard status
- Active
- APN
- 11006064D
- Size
- 1,882 SF
- Lot size
- 0.20 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- /S135' Of N305' Of That Pt Of Lot 4 Lyg E Of A Line 1320' E Of & Parallel To Center Line Of Alvernon Way S
Utilities
- Heating system
- Electric (Heating)
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 2026
- Number of units
- 2
- Flooring type
- Tile - Ceramic
- Building materials
- Frame - Stucco
- Roof type
- Tile
- Architectural style
- Other
Listing Agency:
OMNI Homes International
(520) 474-1777
Listed By:
Evangelina R Valdez Valenzuela
(520) 270-6127
Added: Jul 7
Changed: Jul 24
Last Checked: Jul 26 at 8:06AM
MLS# 22616801
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 newly constructed duplex includes two separate residential units. Unit 1 offers three bedrooms and two bathrooms with approximately 1,079 square feet, along with two parking spaces. Unit 2 offers two bedrooms and one bathroom with approximately 803 square feet and also includes two parking spaces.
Interior finishes include granite counters throughout the home and tile in all areas, complemented by new stainless steel appliances. The property’s specifications are presented from the model.
Located at 2975 N Walnut Avenue in Tucson, AZ 85712, the duplex is described as being close to the University of Arizona and shopping nearby.
Interior finishes include granite counters throughout the home and tile in all areas, complemented by new stainless steel appliances. The property’s specifications are presented from the model.
Located at 2975 N Walnut Avenue in Tucson, AZ 85712, the duplex is described as being close to the University of Arizona and shopping nearby.
Key Highlights
- New construction duplex under construction, Year built 2026
- Unit 1: 3 bed, 2 bath, 1,079 sq ft; includes parking space 2
- Unit 2: 2 bed, 1 bath, 803 sq ft; includes parking space 2
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 | $32.7k | $17.40 |
| − Vacancy | −$2.6k | −$1.39 |
| EGI | $30.1k | $16.01 |
| − OpEx | −$9.0k | −$4.80 |
| NOI | $21.1k | $11.21 |
1,882 SF · lease $17.40/SF/yr · vacancy 8.00% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$301.3K
$263.6K – $351.5K
NOI $21,089 @ 7.0% cap · market cap 4.85%
Second Best
Apartment 5plus
$276.3K
$241.7K – $322.3K
NOI $19,338 @ 7.0% cap · market cap 4.45%
Theoretical Best
Office A
$488.9K
$427.8K – $570.4K
NOI $34,223 @ 7.0% cap · market cap 7.87%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Newly constructed duplex with two separate units, featuring granite counters, stainless appliances, and designated parking.
Where is this duplex located?
The property is located at 2975 N Walnut Avenue Tucson, AZ.
What is the asking price?
The asking price for this property is $434,999.
What are key features of this property?
This property features: New construction duplex under construction, Year built 2026; Unit 1: 3 bed, 2 bath, 1,079 sq ft; includes parking space 2; Unit 2: 2 bed, 1 bath, 803 sq ft; includes parking space 2
