New Construction Duplex in
364 W Elvira Road Tucson, AZ 85756
For Sale
Under Contract
$425,000
MULTI_FAMILY - Other - Tucson, AZ
Property Size1,882 SF
Lot Size0.24 Acres
Price / SF$225.82
Days on Market467
Property Features for 364 W Elvira Road
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Property condition
- Under Construction
- Zoning
- Tucson - R1
- Parking
- 4
- Appliances
- Electric Range
- Standard status
- Active Under Contract
- APN
- 138-19-2380
- Size
- 1,882 SF
- Lot size
- 0.24 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- From Parcel:138191910 /Elvira Lot 2
Utilities
- Heating system
- Electric (Heating)
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 2025
- 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: Apr 16, 2025
Changed: Jul 24
Last Checked: Jul 26 at 9:06AM
MLS# 22510760
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 income-generating property features a new construction duplex. One unit offers 3 bedrooms and 2 bathrooms within 1079 square feet, accompanied by 2 parking spaces. The second unit includes 2 bedrooms and 1 bathroom in 803 square feet, also with 2 parking spaces. Situated on a 0.24-acre lot, this property presents a great investment opportunity, or the option to live in one unit and rent out the other. The interiors are enhanced with granite countertops throughout, new stainless steel appliances, and tile flooring in all areas. Located in Tucson, Arizona, with R1 zoning, the property is conveniently close to I-19 for easy commuting and shopping.
Key Highlights
- Income‑generating new construction duplex.
- Opportunity to live in one unit and rent the other.
- One unit features 3‑bedroom/2‑bath (1079 sq ft) and the other 2‑bedroom/1‑bath (803 sq ft).
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 4.96%
Second Best
Apartment 5plus
$276.3K
$241.7K – $322.3K
NOI $19,338 @ 7.0% cap · market cap 4.55%
Theoretical Best
Office A
$488.9K
$427.8K – $570.4K
NOI $34,223 @ 7.0% cap · market cap 8.05%
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 - Income-generating new construction duplex with modern amenities and convenient location.
Where is this duplex located?
The property is located at 364 W Elvira Road Tucson, AZ.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Income‑generating new construction duplex.; Opportunity to live in one unit and rent the other.; One unit features **3‑bedroom/2‑bath (1079 sq ft)** and the other **2‑bedroom/1‑bath (803 sq ft)**.
