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    The Largest CRE Database in the US with Over 1 Million Listings

    472 W Walnut St Nogales, AZ 85621

    Sponsored
    For Sale
    $450,000

    MULTI_FAMILY - Other - Nogales, AZ

    Property size:
    5,369 SF
    Lot size:
    0.23 Acres
    Days on Market:
    111
    Last Refresh:
    Feb 19 at 8:06 pm

    Property Features for 472 W Walnut St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Window features
    ENERGY STAR Qualified WIndows
    Zoning
    Nogales - MFR4
    APN
    101-42-033
    Parking
    6
    Patio and Porch features
    Patio
    Interior features
    Vaulted Ceiling(s)
    Fencing
    Chain Link
    Appliances
    Double Sink, Gas Range, Refrigerator
    Size
    5,369 SF
    Lot size
    0.23 Acres

    Utilities

    Heating system
    Electric (Heating), Forced Air, Radiant
    Cooling system
    Window Unit(s), Wall Unit(s), Ceiling Fan(s), Evaporative Cooling

    Building Details

    Year built
    1915
    Number of units
    4
    Flooring type
    Carpet, Wood, Tile - Ceramic, Vinyl
    Building materials
    Brick
    Roof type
    Rolled Hot Mop
    Architectural style
    Other

    We can help!

    Listing Contact
    Elise Danielle Teyechea
    Elise Danielle Teyechea

    United Real Estate Southern Arizona (520) 240-8988

    Listing agent Elise Danielle Teyechea (520) 604-2457

    Listing date Nov 1, 2025

    MLS# 22526712 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

    Historic Fourplex in Downtown Nogales

    This charming 1915 two-story brick territorial fourplex presents a rare investment opportunity in downtown Nogales, Arizona. Located on historic Walnut Street, the property is within walking distance of amenities in both Nogales, Arizona, and Nogales, Sonora. The building features three 2-bedroom, 1-bathroom units, each measuring 1,106 square feet, and one 3-bedroom, 1-bathroom unit spanning 1,526 square feet. Each unit includes its own fireplace and washer/dryer room. The ground-level units share a welcoming porch and a front yard, which is securely enclosed by a fence. The 0.23-acre lot in back offers ample space for additional units or income potential. Each unit is separately metered for electricity and gas. The property is zoned Nogales - MFR4. The property size is 5,369 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Nogales
    County
    Santa Cruz
    State
    Arizona
    Longitude
    -110.94418
    Latitude
    31.340657

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    FAQs

    What type of property is this?
    Quadplex - Charming 1915 fourplex near amenities in Arizona and Sonora.
    Where is this quadplex located?
    The property is located at 472 W Walnut St Nogales, AZ.
    What is the asking price?
    The asking price for this property is $450,000.
    What are key features of this property?
    This property features: - Prime location in downtown Nogales, AZ, within walking distance of amenities in both Nogales, AZ, and Nogales, Sonora.; - Rare 1915 two-story brick territorial four-plex offering a unique investment opportunity.; - Four units: Three 2bd/1ba units (1,106 sq. ft. each) and one 3bd/1ba unit (1,526 sq. ft.).
    (520) 604-2457
    Request Owner's contact information
    472 W Walnut St Nogales, AZ 85621
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    Nogales, AZ 85621
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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
    472 W Walnut St Nogales, AZ 85621
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    We can help!
    Listing Contact
    Elise Danielle Teyechea
    Elise Danielle Teyechea
    (520) 604-2457 (520) 612-7422 (520) 612-7000
    Learn more
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