Well-Maintained Tucson Triplex For
447 E 35th Street Tucson, AZ 85713
447 E 35th Street, Tucson, AZ, 85713
$275,000
For Sale
Under Contract
$275,000
MULTI_FAMILY - Bungalow - Tucson, AZ
Property Size2,081 SF
Lot Size0.17 Acres
Price / SF$132.15
Days on Market67
Property Features for 447 E 35th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- South Tucson - SR1
- Parking
- 4
- Interior features
- Walk-In Closet(s)
- Fencing
- Chain Link
- Appliances
- Dishwasher
- Standard status
- Active Under Contract
- APN
- 118-26-1900
- Size
- 2,081 SF
- Lot size
- 0.17 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- From Parcel:001010010 /Homeland Lot 19 Blk 7
Utilities
- Heating system
- Forced Air
- Cooling system
- Wall Unit(s)
- Water source
- Public
Building Details
- Year built
- 1945
- Number of units
- 3
- Flooring type
- Concrete
- Building materials
- Burnt Adobe
- Roof type
- Rolled Hot Mop
- Architectural style
- Bungalow
Listing agency
Realty Executives Arizona Territory
(520) 314-3255
Listed by
Rozalia A Adams
(520) 331-7768
Added: May 17 Updated: Jun 9 at 6:27PM Checked: Jul 22 at 8:06AM
MLS# 22612701
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 well-maintained triplex is for sale, featuring two units with two bedrooms and one bathroom each, and one unit with one bedroom and one bathroom. The current rental income is $2,950 per month, with an additional $240 per month collected for water, sewer, and trash. All leases are month-to-month. The property includes three separate electric and gas meters, with tenants responsible for their own utilities. The owner pays for water, sewer, and trash through the City of Tucson. Recent updates include new water heaters, newer windows, and brand-new window AC units installed last year. Units #1 and #3 have been renovated. The roof was sealed last year. A washer and dryer on site will convey with the property. The property is located in Tucson, Arizona, and is zoned South Tucson - SR1. The lot size is 0.17 acres, and the property size is 2081 square feet.
Key Highlights
- Great Investment Opportunity: Current rental income of $2,950/month plus $240/month for water, sewer, and trash.
- Well‑maintained triplex featuring two 2‑bed/1‑bath units and one 1‑bed/1‑bath unit.
- Separate electric and gas meters for each unit, tenants pay their own utilities.
Local 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 | $32.0k | $15.36 |
| − Vacancy | −$2.6k | −$1.23 |
| EGI | $29.4k | $14.13 |
| − OpEx | −$8.8k | −$4.24 |
| NOI | $20.6k | $9.89 |
2,081 SF · lease $15.36/SF/yr · vacancy 8.00% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$294.1K
$257.3K – $343.1K
NOI $20,585 @ 7.0% cap · market cap 7.49%
Second Best
Apartment 5plus
$271.3K
$237.4K – $316.6K
NOI $18,993 @ 7.0% cap · market cap 6.91%
Theoretical Best
Office A
$509.4K
$445.8K – $594.3K
NOI $35,660 @ 7.0% cap · market cap 12.97%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Triplex with rental income, separate meters, and recent updates.
Where is this triplex located?
The property is located at 447 E 35th Street Tucson, AZ.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: Great Investment Opportunity: Current rental income of $2,950/month plus $240/month for water, sewer, and trash.; Well‑maintained triplex featuring two 2‑bed/1‑bath units and one 1‑bed/1‑bath unit.; Separate electric and gas meters for each unit, tenants pay their own utilities.
