Tucson Duplex with Rental
3615 S Lundy Avenue Tucson, AZ 85713
For Sale
Under Contract
$299,900
MULTI_FAMILY - Ranch - Tucson, AZ
Property Size1,736 SF
Lot Size0.15 Acres
Price / SF$172.75
Days on Market155
Property Features for 3615 S Lundy Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
Tucson - R2
Parking
4
Appliances
Gas Range, Refrigerator
Standard status
Active Under Contract
APN
119-04-051A
Size
1,736 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Whitestone W82.42' E133.25' S80' N195' Lot 22
Utilities
Heating system
Heat Pump (Heating)
Cooling system
Ceiling Fan(s), Central Air
Water source
Public
Building Details
Year built
1969
Number of units
2
Flooring type
Tile - Ceramic
Building materials
Slump Block
Roof type
Built-Up
Architectural style
Ranch
Listing Agency:
Realty Executives Arizona Territory
(520) 877-4940
Listed By:
Brian D Wick
Added: Feb 23
Changed: Jul 24
Last Checked: Jul 28 at 8:06AM
MLS# 22604963
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 duplex property features steady rental activity and clean units. Each unit offers 2 bedrooms and 1 bath, complemented by a generous living space at the entry and a floorplan that flows to the kitchen. Each unit includes its own backyard space, laundry facilities, and a side yard with parking space for at least 2 cars. The property is located minutes from I-10. The lot size is 0.15 acres, and the property size is 1736 square feet. The zoning is Tucson - R2.
Key Highlights
- Ranch duplex built in 1969 with public water service
- Each unit features 2 bedrooms and 1 bathroom with a living space at the entry
- Units include a kitchen and floorplan that flows from the entry and living area
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 | $26.7k | $15.36 |
| − Vacancy | −$2.1k | −$1.23 |
| EGI | $24.5k | $14.13 |
| − OpEx | −$7.4k | −$4.24 |
| NOI | $17.2k | $9.89 |
1,736 SF · lease $15.36/SF/yr · vacancy 8.00% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$245.3K
$214.7K – $286.2K
NOI $17,172 @ 7.0% cap · market cap 5.73%
Second Best
Apartment 5plus
$226.3K
$198.1K – $264.1K
NOI $15,844 @ 7.0% cap · market cap 5.28%
Theoretical Best
Office A
$425.0K
$371.9K – $495.8K
NOI $29,748 @ 7.0% cap · market cap 9.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Duplex with steady rental activity near I-10 in Tucson.
Where is this duplex located?
The property is located at 3615 S Lundy Avenue Tucson, AZ.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: Ranch duplex built in 1969 with public water service; Each unit features 2 bedrooms and 1 bathroom with a living space at the entry; Units include a kitchen and floorplan that flows from the entry and living area
