Duplex with Residential
For Sale
$250,000
419 W Palmdale Street, Tucson, AZ 85714
MULTI_FAMILY - Other - Tucson, AZ
Property Size1,842 SF
Lot Size0.18 Acres
Price / SF$135.72
Days on Market43
Property Features for 419 W Palmdale Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
Pima County - SR2
Parking
8
Exterior features
Barbecue, Courtyard
Fencing
Fenced
Appliances
Gas Range
Subdivision
National City NO. 3
Lot features
Flower Beds, Sprinklers In Front, North/ South Exposure
Elementary school
Hollinger
Middle school
Hollinger K-8
High school
Pueblo
Elementary school district
TUSD
Middle school district
TUSD
High school district
TUSD
Directions
Ajo and 12th S to Palmdale, left (E) to Adress.
Standard status
Active
APN
12007714A
Size
1,842 SF
Lot size
0.18 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
NATIONAL CITY NO 3 LOT 1 EXC S 7.5' FOR ALLEY BLK 52
Legal Description
NATIONAL CITY NO 3 LOT 1 EXC S 7.5' FOR ALLEY BLK 52
Utilities
Heating system
Forced Air, Electric (Heating)
Cooling system
Central Air
Water source
Public
Building Details
Year built
1943
Number of units
2
Flooring type
Carpet, Tile
Building materials
Burnt Adobe
Roof type
Shingle
Architectural style
Other
Listing Agency:
RealtyFelix.Com LLC
(520) 390-6920
Listed By:
Felix H Gafner · License #BR537277000
(520) 390-6920
Added: Jul 15
Changed: Aug 18
Last Checked: Aug 26 at 7:06PM
MLS# 22617484
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 for-sale duplex at 419 W Palmdale Street offers a residential income configuration with a total of 1,842 square feet on a 0.18-acre lot. The listing also states that Section 8 pays a total of $3,000 per month for the property.
The property is located in Tucson, Arizona 85714, within Pima County SR2 zoning.
The property is located in Tucson, Arizona 85714, within Pima County SR2 zoning.
Key Highlights
- Section 8 pays $3,000/month, supporting potential rental cash flow.
- Built in 1943 with Burnt Adobe construction materials.
- Central air cooling with forced‑air and electric (heating) systems.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$20,641
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.26%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$412,820
$412.8K
Cap Rate 7%
$294,871
$294.9K
Cap Rate 9%
$229,344
$229.3K
Market Conditions
NOI Build-Up for 1,842 SF
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.
Gross rent
$32.1K $17.40/SF
− Vacancy
−$2.6K −$1.39/SF
EGI
$29.5K $16.01/SF
− OpEx
−$8.8K −$4.80/SF
NOI
$20.6K $11.21/SF
Area
Tucson, AZ
Vacancy
8.00%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$412,820
Cap Rate 7%
$294,871
Cap Rate 9%
$229,344
Alternative Uses
Best Use
Multifamily LT 5
$294.9K
$258.0K – $344.0K
NOI $20,641 @ 7.0% cap · market cap 8.26%
Second Best
Apartment 5plus
$270.4K
$236.6K – $315.5K
NOI $18,927 @ 7.0% cap · market cap 7.57%
Theoretical Best
Office A
$478.5K
$418.7K – $558.3K
NOI $33,496 @ 7.0% cap · market cap 13.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,235
Businesses Nearby
Explore this area
Business Placement
Demographics for 85714, AZ
14,232
Population
5,589
Households
2.5
Avg Household Size
38
Median Age
10%
College-Educated
69%
High-School Grad
5.6 sq mi
ZIP Area
2,541
Density / Sq Mi
$47,093
Median Household Income
$30,204
Median Earnings
$879
Median Rent
$177,100
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Duplex in Pima County SR2 zoning; Section 8 reportedly pays $3,000 per month for the two units.
Where is this duplex located?
The property is located at 419 W Palmdale Street Tucson, AZ.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Section 8 pays $3,000/month, supporting potential rental cash flow.; Built in 1943 with Burnt Adobe construction materials.; Central air cooling with forced‑air and electric (heating) systems.
