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    4138 E Desert Pl Tucson, AZ 85712

    Sponsored
    For Sale
    $530,000

    MULTI_FAMILY - Other - Tucson, AZ

    Property size:
    2,513 SF
    Lot size:
    0.31 Acres
    Days on Market:
    17
    Last Refresh:
    Jan 20 at 2:06 am

    Property Features for 4138 E Desert Pl

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Tucson - R2
    APN
    110-07-3350
    Parking
    4
    Interior features
    Beamed Ceilings
    Appliances
    Gas Range
    Size
    2,513 SF
    Lot size
    0.31 Acres

    Utilities

    Heating system
    Natural Gas
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1947
    Number of units
    3
    Flooring type
    Tile - Ceramic, Tile
    Building materials
    Block, Frame, Stucco
    Roof type
    Built-Up
    Architectural style
    Other

    We can help!

    Listing Contact
    David Urbaniak
    David Urbaniak

    Keller Williams Southern Arizona (520) 615-8400 [email protected]

    Listing agent David Urbaniak (520) 615-8400

    Listing date Jan 4, 2026

    MLS# 22521926 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.

    Learn more

    Property Insight Report

    Overview

    Multifamily Investment Opportunity in Tucson

    This offering comprises a total of three properties suitable for investment or multi-family occupancy. The property includes a single-family home and a detached duplex. The main house features a fireplace, saltillo floors, newer black appliances, a walled-in patio and yard, and laundry hookups in a storage room. A new water heater was installed in 2024, and the furnace was replaced approximately 2 years ago. Gas lines were updated around 5 years ago. The duplex, constructed in 1978, consists of two units, each offering 764 square feet of living space, two bedrooms, one bathroom, and a small yard with laundry hookups on the covered patio. Both duplex units are equipped with stainless steel appliances less than 3 years old, and HVAC systems and water heaters approximately 6 years old. Unit B of the duplex was remodeled in 2021. A 25-year membrane and roof coating were applied to all units in 2025. The property provides 4 off-street covered parking spaces. The property is zoned Tucson - R2 and situated on a lot of approximately 0.31 acres in Tucson, Arizona.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Multifamily properties

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Tucson
    County
    Pima
    State
    Arizona
    Longitude
    -110.904249
    Latitude
    32.253104

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    FAQs

    What type of property is this?
    Multifamily property - Three properties ideal for investment or multi-family use.
    Where is this multifamily property located?
    The property is located at 4138 E Desert Pl Tucson, AZ.
    What is the asking price?
    The asking price for this property is $530,000.
    What are key features of this property?
    This property features: - Three properties (single-family home and detached duplex) ideal for investment or multi-family use.; - Updated/Newer systems: **New roof coating (2025), new water heater in main house (2024), newer furnace, updated gas lines.**; - Duplex units feature **new stainless steel appliances** and updated HVAC/water heaters.
    (520) 440-9229
    Request Owner's contact information
    4138 E Desert Pl Tucson, AZ 85712
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    Tucson, AZ 85712
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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.

    More about this property
    4138 E Desert Pl Tucson, AZ 85712
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    We can help!
    Listing Contact
    David Urbaniak
    David Urbaniak
    (520) 440-9229
    Learn more
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