Duplex Income Property in
For Sale
$350,000
1044 E 27th Street, Tucson, AZ 85713
MULTI_FAMILY - Ranch - Tucson, AZ
Property Size1,690 SF
Lot Size0.16 Acres
Price / SF$207.10
Days on Market135
Property Features for 1044 E 27th Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
Tucson - R2
Parking
4
Fencing
Chain Link
Appliances
Electric Range, Refrigerator
Subdivision
Mirasol Addition
Lot features
Adjacent to Alley
Elementary school
Borton
Middle school
Safford K-8 Magnet
High school
Tucson
Elementary school district
TUSD
Middle school district
TUSD
High school district
TUSD
Directions
From I-10, take the 22nd St exit and head east. Turn right (south) on S Park Ave, then left (east) on E 27th St. Property will be on your left.
Standard status
Active
APN
129-12-0770
Size
1,690 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
MIRASOL LOTS 3 & 4 BLK 9
Legal Description
MIRASOL LOTS 3 & 4 BLK 9
Utilities
Heating system
Forced Air
Cooling system
Ceiling Fan(s), Central Air
Water source
Public
Building Details
Year built
1998
Number of units
2
Flooring type
Tile - Ceramic
Building materials
Frame - Stucco
Roof type
Shingle
Architectural style
Ranch
Listing Agency:
Real Broker
(602) 755-3415
Listed By:
Manuel Davila
(520) 207-8903
Added: Apr 9
Changed: Jul 24
Last Checked: Aug 21 at 6:06PM
MLS# 22609189
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 duplex is set up as two separate units, offering independent living arrangements within one property. The layout provides comfortable, functional living spaces designed for privacy between occupants.
Located in Tucson, the property sits on a lot with easy access to major roads and everyday amenities. Public remarks note it is within minutes of downtown Tucson, parks, and local schools in the Tucson Unified School District.
The property is listed as a duplex for sale in the Tucson R2 zoning district and includes a stated total property size of 1,690 square feet on a 0.16-acre lot.
Located in Tucson, the property sits on a lot with easy access to major roads and everyday amenities. Public remarks note it is within minutes of downtown Tucson, parks, and local schools in the Tucson Unified School District.
The property is listed as a duplex for sale in the Tucson R2 zoning district and includes a stated total property size of 1,690 square feet on a 0.16-acre lot.
Key Highlights
- 1998‑built duplex with ranch architectural style
- Two separate units with separate living spaces for privacy and flexibility
- Utilities include public water; heating with forced air
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
$16,717
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
4.78%
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%
$334,340
$334.3K
Cap Rate 7%
$238,814
$238.8K
Cap Rate 9%
$185,744
$185.7K
Market Conditions
NOI Build-Up for 1,690 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
$26.0K $15.36/SF
− Vacancy
−$2.1K −$1.23/SF
EGI
$23.9K $14.13/SF
− OpEx
−$7.2K −$4.24/SF
NOI
$16.7K $9.89/SF
Area
ZIP 85713
Vacancy
8.00%
Lease Rate
$15.36 /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%
$334,340
Cap Rate 7%
$238,814
Cap Rate 9%
$185,744
Alternative Uses
Best Use
Multifamily LT 5
$238.8K
$209.0K – $278.6K
NOI $16,717 @ 7.0% cap · market cap 4.78%
Second Best
Apartment 5plus
$220.3K
$192.8K – $257.1K
NOI $15,424 @ 7.0% cap · market cap 4.41%
Theoretical Best
Office A
$413.7K
$362.0K – $482.7K
NOI $28,960 @ 7.0% cap · market cap 8.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
756
Businesses Nearby
Explore this area
Business Placement
Demographics for 85713, AZ
46,810
Population
19,056
Households
2.5
Avg Household Size
38
Median Age
21%
College-Educated
79%
High-School Grad
23.8 sq mi
ZIP Area
1,967
Density / Sq Mi
$50,264
Median Household Income
$32,302
Median Earnings
$1,017
Median Rent
$171,700
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?
Duplex - Duplex with two separate units on a lot in Tucson’s R2 zoning district.
Where is this duplex located?
The property is located at 1044 E 27th Street Tucson, AZ.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: 1998‑built duplex with ranch architectural style; Two separate units with separate living spaces for privacy and flexibility; Utilities include public water; heating with forced air
