Updated Triplex Rental
6838 S Nogales Highway Tucson, AZ 85756
New
For Sale
$299,000
MULTI_FAMILY - Ranch - Tucson, AZ
Property Size1,609 SF
Lot Size0.34 Acres
Price / SF$185.83
Days on Market4
Property Features for 6838 S Nogales Highway
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning
Tucson - C2
Parking
3
Fencing
Chain Link
Appliances
Electric Range
Standard status
Active
APN
138-16-0300
Size
1,609 SF
Lot size
0.34 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Golden Dawn Farms N75' Of Lot 24 Exc W290.4' (10434/1529)
Utilities
Water source
Public
Building Details
Year built
1955
Number of units
3
Flooring type
Tile - Ceramic
Building materials
Block, Frame - Stucco
Roof type
Shingle
Architectural style
Ranch
Listing Agency:
Tierra Antigua Realty
(520) 428-3338
Listed By:
Erick Quintero
(520) 599-6225
Added: Jul 27
Last Checked: Jul 30 at 9:06AM
MLS# 22618320
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 turnkey triplex includes three occupied rental units: one 2-bedroom, 1-bath home and two 1-bedroom, 1-bath homes. Updates reported include new windows and doors, new cabinets, mini split systems, tile flooring, stucco, drywall, and roofing, aimed at reducing near-term maintenance. Each unit is separately metered for electric and water, with tenants responsible for their utilities, and the property includes on-site parking.
The property is located in Tucson, AZ 85756 on S Nogales Highway. It is described as providing convenient access to nearby shopping, dining, and major roadways.
Units are currently occupied and generating income. The asset totals 1,609 square feet and sits on a 0.34-acre lot.
The property is located in Tucson, AZ 85756 on S Nogales Highway. It is described as providing convenient access to nearby shopping, dining, and major roadways.
Units are currently occupied and generating income. The asset totals 1,609 square feet and sits on a 0.34-acre lot.
Key Highlights
- Turnkey triplex built in 1955 with one 2‑bedroom/1‑bath unit and two 1‑bedroom/1‑bath units
- All units are currently occupied and generating immediate cash flow; tenants are responsible for electric and water utilities
- Separately metered units for electric and water
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 | $28.0k | $17.40 |
| − Vacancy | −$2.2k | −$1.39 |
| EGI | $25.8k | $16.01 |
| − OpEx | −$7.7k | −$4.80 |
| NOI | $18.0k | $11.21 |
1,609 SF · lease $17.40/SF/yr · vacancy 8.00% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$257.6K
$225.4K – $300.5K
NOI $18,030 @ 7.0% cap · market cap 6.03%
Second Best
Apartment 5plus
$236.2K
$206.7K – $275.6K
NOI $16,533 @ 7.0% cap · market cap 5.53%
Theoretical Best
Office A
$418.0K
$365.7K – $487.7K
NOI $29,259 @ 7.0% cap · market cap 9.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Triplex - Turnkey triplex with one 2-bedroom unit and two 1-bedroom units, all separately metered for utilities.
Where is this triplex located?
The property is located at 6838 S Nogales Highway Tucson, AZ.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: Turnkey triplex built in 1955 with one 2‑bedroom/1‑bath unit and two 1‑bedroom/1‑bath units; All units are currently occupied and generating immediate cash flow; tenants are responsible for electric and water utilities; Separately metered units for electric and water
