Turnkey Triplex in
6838 S Nogales Highway Tucson, AZ 85756
For Sale
Under Contract
$335,000
MULTI_FAMILY - Ranch - Tucson, AZ
Property Size1,609 SF
Lot Size0.34 Acres
Price / SF$208.20
Days on Market127
Property Features for 6838 S Nogales Highway
General Information
- Property type
- Residential Multi Family
- Property subtype
- Single Family Residence
- Zoning
- Tucson - C2
- Parking
- 3
- Fencing
- Chain Link
- Appliances
- Electric Range
- Standard status
- Active Under Contract
- 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) 544-2335
Added: Mar 19
Changed: Jun 23
Last Checked: Jul 23 at 11:06PM
MLS# 22607395
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 in Tucson, Arizona, offers consistent rental demand and reliable income. The property comprises one 2-bedroom, 1-bath unit and two 1-bedroom, 1-bath units, all of which are currently occupied and generating immediate cash flow. Extensive updates have been completed, including new windows, doors, cabinets, mini split systems, tile flooring, stucco, drywall, and roofing, reducing future maintenance concerns. Each unit is separately metered for electric and water, with tenants responsible for all utilities, helping keep operating costs low. The property, situated on a 0.34-acre lot, offers on-site parking and convenient access to nearby shopping, dining, and major roadways, making it an attractive option for tenants. The property is zoned Tucson - C2 and has a building size of 1609 square feet.
Key Highlights
- Turnkey triplex generating immediate cash flow with all units currently occupied.
- Extensive updates completed, including new windows, doors, cabinets, mini split systems, tile flooring, stucco, drywall, and roofing.
- Each unit is separately metered for electric and water, with tenants responsible for all utilities.
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 5.38%
Second Best
Apartment 5plus
$236.2K
$206.7K – $275.6K
NOI $16,533 @ 7.0% cap · market cap 4.94%
Theoretical Best
Office A
$418.0K
$365.7K – $487.7K
NOI $29,259 @ 7.0% cap · market cap 8.73%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
FAQs
What type of property is this?
Triplex - Updated triplex with reliable income and convenient location.
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 $335,000.
What are key features of this property?
This property features: Turnkey triplex generating immediate cash flow with all units currently occupied.; Extensive updates completed, including **new windows, doors, cabinets, mini split systems, tile flooring, stucco, drywall, and roofing.**; Each unit is separately metered for electric and water, with tenants responsible for all utilities.
