Separately Metered
For Sale
$335,000
4735 E 4th Street, Tucson, AZ 85711
Residential Income, Ranch, Tucson, AZ
Property Size1,454 SF
Lot Size0.21 Acres
Price / SF$230.40
Days on Market35
Property Features for 4735 E 4th Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
Tucson - R1
Parking
4
Fencing
Chain Link
Appliances
Electric Range, Dishwasher, Refrigerator
Subdivision
Swan Addition
Lot features
Decorative Gravel, East/ West Exposure, Subdivided
Elementary school
Howell
Middle school
Alice Vail
High school
Rincon
Elementary school district
TUSD
Middle school district
TUSD
High school district
TUSD
Directions
From Speedway, south on Swan, East on 4th st. Address on the left.
Standard status
Active
APN
12705033A
Size
1,454 SF
Lot size
0.21 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Legal Attached
Legal Description
Legal Attached
Utilities
Heating system
Electric (Heating), Forced Air
Cooling system
Central Air
Water source
Public
Building Details
Year built
1945
Number of units
2
Flooring type
Vinyl, Tile - Ceramic
Building materials
Brick
Roof type
Built-Up, Shingle
Architectural style
Ranch
Listing Agency:
Tierra Antigua Realty
(520) 290-2335
Listed By:
Ranel V Cox
(520) 331-5221
Added: Aug 20
Changed: Sep 22
Last Checked: Sep 23 at 8:06AM
MLS# 22620271
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 ranch-style duplex includes a 2-bedroom, 1-bath main residence and a 1-bedroom, 1-bath guest residence within 1,454 square feet. The primary home has a recently installed kitchen and bathroom, while the guest residence features an updated kitchen with stainless steel appliances. Both dwellings have private yards, separate electric and water meters, and individual HVAC systems. The property also includes four parking spaces, public water service, brick construction, central air, electric forced-air heating, and a combination of vinyl and ceramic tile flooring.
Built in 1945 on 0.21 acres, the property is zoned Tucson - R1 and located at 4735 E 4th Street in Tucson. Recent improvements include a 2023 roof, 2023 HVAC systems, and a GE appliance package for the main residence. The source data also identifies a new water heater in 2026.
Built in 1945 on 0.21 acres, the property is zoned Tucson - R1 and located at 4735 E 4th Street in Tucson. Recent improvements include a 2023 roof, 2023 HVAC systems, and a GE appliance package for the main residence. The source data also identifies a new water heater in 2026.
Key Highlights
- Two residences: a 2‑bedroom, 1‑bath main home and a 1‑bedroom, 1‑bath guest home
- 1,454 square feet on a 0.21‑acre lot
- Separate electric and water meters for each residence
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
$16,293
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
4.86%
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%
$325,860
$325.9K
Cap Rate 7%
$232,757
$232.8K
Cap Rate 9%
$181,033
$181.0K
Market Conditions
NOI Build-Up for 1,454 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
$25.3K $17.40/SF
− Vacancy
−$2.0K −$1.39/SF
EGI
$23.3K $16.01/SF
− OpEx
−$7.0K −$4.80/SF
NOI
$16.3K $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%
$325,860
Cap Rate 7%
$232,757
Cap Rate 9%
$181,033
Alternative Uses
Best Use
Multifamily LT 5
$232.8K
$203.7K – $271.6K
NOI $16,293 @ 7.0% cap · market cap 4.86%
Second Best
Apartment 5plus
$213.4K
$186.8K – $249.0K
NOI $14,940 @ 7.0% cap · market cap 4.46%
Theoretical Best
Office A
$377.7K
$330.5K – $440.7K
NOI $26,440 @ 7.0% cap · market cap 7.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,053
Businesses Nearby
Explore this area
Business Placement
Demographics for 85711, AZ
41,518
Population
19,774
Households
2.1
Avg Household Size
39
Median Age
30%
College-Educated
88%
High-School Grad
8.6 sq mi
ZIP Area
4,828
Density / Sq Mi
$52,358
Median Household Income
$35,130
Median Earnings
$1,001
Median Rent
$248,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two residences provide private outdoor areas, dedicated utilities, and flexible occupancy options.
Where is this duplex located?
The property is located at 4735 E 4th Street Tucson, AZ.
What is the asking price?
The asking price for this property is $335,000.
What are key features of this property?
This property features: Two residences: a 2‑bedroom, 1‑bath main home and a 1‑bedroom, 1‑bath guest home; 1,454 square feet on a 0.21‑acre lot; Separate electric and water meters for each residence
