Updated Duplex with Two Rented
510 N Iroquois Avenue Tucson, AZ 85745
For Sale
$530,000
MULTI_FAMILY - Contemporary - Tucson, AZ
Property Size2,749 SF
Lot Size0.16 Acres
Price / SF$192.80
Days on Market53
Property Features for 510 N Iroquois Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Zoning
- Tucson - R2
- Parking
- 4
- Fencing
- Chain Link
- Appliances
- Electric Range, Disposal
- Standard status
- Active
- APN
- 116126210
- Size
- 2,749 SF
- Lot size
- 0.16 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- EL RIO PARK LOT 9 BLK 26
Utilities
- Heating system
- Forced Air
- Cooling system
- Ceiling Fan(s), Central Air
- Water source
- Public
Building Details
- Year built
- 1972
- Number of units
- 2
- Flooring type
- Tile - Ceramic
- Building materials
- Masonry Stucco
- Roof type
- Shingle
- Architectural style
- Contemporary
Listing Agency:
Keller Williams Southern Arizona
(520) 615-8400
Listed By:
Johanna Rhodes · License #BR523234000
(520) 471-2114
Added: Jun 1
Changed: Jul 21
Last Checked: Jul 23 at 5:06PM
MLS# 22613875
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 updated duplex offers two separately configured units. The first unit features 3 bedrooms and 2 bathrooms, and the second unit features 4 bedrooms and 2 bathrooms. Both units are currently rented, with the 3 bedroom unit reported at $1,950 and the 4 bedroom unit reported at $2,750.
Recent renovations include updated interiors, newer HVAC systems and water heaters, along with other major components. The layout emphasizes hard-surface flooring, open-concept living spaces, and modern kitchens.
The property is located at 510 N Iroquois Avenue in Tucson, AZ 85745, in a Tucson R2 zoning designation.
Recent renovations include updated interiors, newer HVAC systems and water heaters, along with other major components. The layout emphasizes hard-surface flooring, open-concept living spaces, and modern kitchens.
The property is located at 510 N Iroquois Avenue in Tucson, AZ 85745, in a Tucson R2 zoning designation.
Key Highlights
- Updated duplex with two separate units: 3BR/2BA and 4BR/2BA
- 4‑bedroom unit is currently rented for $2,750
- Recent upgrades include newer HVAC systems and water heaters, plus other major components
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 | $47.8k | $17.40 |
| − Vacancy | −$3.8k | −$1.39 |
| EGI | $44.0k | $16.01 |
| − OpEx | −$13.2k | −$4.80 |
| NOI | $30.8k | $11.21 |
2,749 SF · lease $17.40/SF/yr · vacancy 8.00% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$440.1K
$385.1K – $513.4K
NOI $30,804 @ 7.0% cap · market cap 5.81%
Second Best
Apartment 5plus
$403.5K
$353.1K – $470.8K
NOI $28,247 @ 7.0% cap · market cap 5.33%
Theoretical Best
Office A
$714.1K
$624.9K – $833.2K
NOI $49,989 @ 7.0% cap · market cap 9.43%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Contemporary duplex with two units, including 3 bed/2 bath and 4 bed/2 bath, both currently rented.
Where is this duplex located?
The property is located at 510 N Iroquois Avenue Tucson, AZ.
What is the asking price?
The asking price for this property is $530,000.
What are key features of this property?
This property features: Updated duplex with two separate units: 3BR/2BA and 4BR/2BA; 4‑bedroom unit is currently rented for $2,750; Recent upgrades include newer HVAC systems and water heaters, plus other major components
