Ranch Triplex With Pool
New
For Sale
$375,000
5936 E 32nd Street, Tucson, AZ 85711
Residential Income, Ranch, Tucson, AZ
Property Size2,200 SF
Lot Size0.66 Acres
Price / SF$170.45
Days on Market4
Property Features for 5936 E 32nd Street
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning
Tucson - R1
Parking
2
Interior features
Solar PV System
Fencing
Chain Link
Appliances
Electric Range, Gas Range, Disposal, Refrigerator
Subdivision
Craycroft Annex Addition
Lot features
Graded, Adjacent to Alley, North/ South Exposure
Elementary school
Wheeler
Middle school
Roberts (at Naylor)
High school
Palo Verde
Elementary school district
TUSD
Middle school district
TUSD
High school district
TUSD
Directions
From Craycroft Rd: E on 32nd St to property on the north side of the street.
Standard status
Active
APN
131-12-0720
Size
2,200 SF
Lot size
0.66 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
CRAYCROFT ANNEX LOT 8 BLK 3
Legal Description
CRAYCROFT ANNEX LOT 8 BLK 3
Utilities
Heating system
Forced Air
Cooling system
Wall Unit(s), Ceiling Fan(s), Central Air
Water source
Public
Amenities
pool
Building Details
Year built
1959
Number of units
3
Flooring type
Tile - Ceramic
Building materials
Brick
Roof type
Shingle
Architectural style
Ranch
Listing Agency:
Realty One Group Integrity
(520) 447-5922
Listed By:
Linda Duran
(520) 548-3945
Added: Sep 1
Last Checked: Sep 4 at 3:06PM
MLS# 22621179
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 triplex was built in 1959 and provides 2,200 square feet on a 0.66-acre lot. The property is constructed of brick and includes ceramic tile flooring, a large garage, an expansive pool area, and chain-link fencing. Interior features include a solar PV system, while the kitchen is equipped with electric and gas ranges, a disposal, and a refrigerator.
Cooling is provided by central air, wall units, and ceiling fans, with forced-air heating also in place. The property receives public water service and has a shingle roof. Month-to-month tenants have occupied the property for more than one year. Zoning is Tucson - R1.
Cooling is provided by central air, wall units, and ceiling fans, with forced-air heating also in place. The property receives public water service and has a shingle roof. Month-to-month tenants have occupied the property for more than one year. Zoning is Tucson - R1.
Key Highlights
- Triplex with 2,200 square feet on a 0.66‑acre lot
- Month‑to‑month tenants in place for more than one year
- Expansive pool area and large garage
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
$24,652
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
6.57%
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%
$493,040
$493.0K
Cap Rate 7%
$352,171
$352.2K
Cap Rate 9%
$273,911
$273.9K
Market Conditions
NOI Build-Up for 2,200 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
$38.3K $17.40/SF
− Vacancy
−$3.1K −$1.39/SF
EGI
$35.2K $16.01/SF
− OpEx
−$10.6K −$4.80/SF
NOI
$24.7K $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%
$493,040
Cap Rate 7%
$352,171
Cap Rate 9%
$273,911
Alternative Uses
Best Use
Multifamily LT 5
$352.2K
$308.2K – $410.9K
NOI $24,652 @ 7.0% cap · market cap 6.57%
Second Best
Apartment 5plus
$322.9K
$282.6K – $376.8K
NOI $22,606 @ 7.0% cap · market cap 6.03%
Theoretical Best
Office A
$571.5K
$500.1K – $666.8K
NOI $40,006 @ 7.0% cap · market cap 10.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
420
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - Brick multifamily property with month-to-month tenants, a garage, and multiple cooling systems.
Where is this triplex located?
The property is located at 5936 E 32nd Street Tucson, AZ.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Triplex with 2,200 square feet on a 0.66‑acre lot; Month‑to‑month tenants in place for more than one year; Expansive pool area and large garage
