Updated Ranch
New
For Sale
$549,900
5011 E 1st Street, Tucson, AZ 85711
MULTI_FAMILY - Ranch - Tucson, AZ
Property Size2,548 SF
Lot Size0.20 Acres
Price / SF$215.82
Days on Market2
Property Features for 5011 E 1st Street
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning
Tucson - R2
Parking
8
Interior features
Beamed Ceilings
Fencing
Chain Link
Appliances
Double Sink, Gas Range, Refrigerator
Subdivision
Speedway Tracts
Lot features
Decorative Gravel, North/ South 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
Rosemont/Speedway, S to 1st, W to address.
Standard status
Active
APN
127-04-043C
Size
2,548 SF
Lot size
0.20 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
From Parcel:12704043A /Speedway Tracts N67.88' S97.88' Lot 2 Blk 2
Legal Description
From Parcel:12704043A /Speedway Tracts N67.88' S97.88' Lot 2 Blk 2
Utilities
Heating system
Natural Gas, Wall Furnace
Cooling system
Evaporative Cooling, Wall Unit(s)
Water source
Public
Amenities
fenced backyards
laundry rooms
evap coolers
window AC
wall heaters
Building Details
Year built
1947
Number of units
4
Building materials
Block, Masonry Stucco
Roof type
Built-Up
Architectural style
Ranch
Listing Agency:
Keller Williams Southern Arizona · Keller Williams Realty
(520) 615-8400
Listed By:
Kelly Garcia
(520) 270-2535
Added: Aug 4
Last Checked: Aug 5 at 9:06AM
MLS# 22618981
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 Tucson quadplex comprises two duplex structures with four one-bedroom, one-bath residences totaling 2,548 square feet on a 0.2-acre lot. Built in 1947 with ranch architecture, the property includes fenced backyards, laundry rooms, and off-street parking for at least two vehicles per unit. Each residence has a refrigerator and gas range, while three units feature updated LVP flooring, fresh paint, and several newer appliances.
Re-piped water lines, evaporative cooling supplemented by window AC units, wall heaters, and public water service support the property’s operating configuration. Water and gas are separately metered to the units, while water, sewer, and trash are shared by building and paid by the landlord. The roofs have been serviced and coated, and the exterior has been freshly painted. The property is zoned Tucson - R2 and located in Tucson, Arizona.
Re-piped water lines, evaporative cooling supplemented by window AC units, wall heaters, and public water service support the property’s operating configuration. Water and gas are separately metered to the units, while water, sewer, and trash are shared by building and paid by the landlord. The roofs have been serviced and coated, and the exterior has been freshly painted. The property is zoned Tucson - R2 and located in Tucson, Arizona.
Key Highlights
- Four one‑bedroom, one‑bath units across two duplex structures
- 2,548 square feet on a 0.2‑acre lot
- At least 2 off‑street parking spaces per unit
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 | $44.3k | $17.40 |
| − Vacancy | −$3.5k | −$1.39 |
| EGI | $40.8k | $16.01 |
| − OpEx | −$12.2k | −$4.80 |
| NOI | $28.6k | $11.21 |
2,548 SF · lease $17.40/SF/yr · vacancy 8.00% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$407.9K
$356.9K – $475.9K
NOI $28,552 @ 7.0% cap · market cap 5.19%
Second Best
Apartment 5plus
$374.0K
$327.3K – $436.4K
NOI $26,181 @ 7.0% cap · market cap 4.76%
Theoretical Best
Office A
$661.9K
$579.2K – $772.2K
NOI $46,334 @ 7.0% cap · market cap 8.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,258
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Four one-bedroom residences offer separate utility metering, fenced backyards, laundry rooms, and off-street parking.
Where is this quadplex located?
The property is located at 5011 E 1st Street Tucson, AZ.
What is the asking price?
The asking price for this property is $549,900.
What are key features of this property?
This property features: Four one‑bedroom, one‑bath units across two duplex structures; 2,548 square feet on a 0.2‑acre lot; At least 2 off‑street parking spaces per unit
