Two-Home Multifamily
For Sale
$634,900
1125 E Kleindale Rd, Tucson, AZ 85719
Two separate residences offer flexible occupancy near the University of Arizona, with private living areas and substantial on-site parking.
Property Size2,967 SF
Price / SF$213.99
Days on Market30
Property Features for 1125 E Kleindale Rd
General Information
Standard status
Active
Size
2,967 SF
Property subtype
Multi-Family
Units
Unit Mix
3BR/2BA, 2BR/2BA
Multifamily Units
2
Building Details
Year Built
2024
Buildings
2
Listing Agency:
Realty Executives Arizona Territory
(520) 299-2201
Listed By:
David K Guthrie
Source:
Wowrealestate
Added: Jul 31
Changed: Aug 28
Last Checked: Aug 29 at 12:07PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Realty Executives Arizona Territory
Investment Insights
Based on property information with market context.
This 2,967-square-foot multifamily property includes two separate residences. The front home is a 3-bedroom, 2-bathroom burnt adobe residence with a great room and fireplace, along with a family room featuring a wood-burning stove. Mature vegetation surrounds the property, and the site includes substantial parking.
The rear residence includes a full kitchen, metal roof, one bedroom and full bathroom on the lower level, plus an upstairs loft bedroom, shower-only bathroom, and walkout balcony. Rolling shutters and security doors on the exterior provide additional privacy and security features. The property is located near the University of Arizona at 1125 E Kleindale Rd in Tucson.
The rear residence includes a full kitchen, metal roof, one bedroom and full bathroom on the lower level, plus an upstairs loft bedroom, shower-only bathroom, and walkout balcony. Rolling shutters and security doors on the exterior provide additional privacy and security features. The property is located near the University of Arizona at 1125 E Kleindale Rd in Tucson.
Key Highlights
- Two residences totaling 2,967 square feet
- Front home includes 3 bedrooms, 2 bathrooms, fireplace, and wood‑burning stove
- Rear home has a full kitchen, metal roof, loft bedroom, and walkout balcony
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
$30,487
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
4.80%
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%
$609,740
$609.7K
Cap Rate 7%
$435,529
$435.5K
Cap Rate 9%
$338,744
$338.7K
Market Conditions
NOI Build-Up for 2,967 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
$60.5K $20.40/SF
− Vacancy
−$5.1K −$1.72/SF
EGI
$55.4K $18.68/SF
− OpEx
−$24.9K −$8.41/SF
NOI
$30.5K $10.28/SF
Area
Tucson, AZ
Vacancy
8.42%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
45.00%
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%
$609,740
Cap Rate 7%
$435,529
Cap Rate 9%
$338,744
Alternative Uses
Best Use
Apartment 5plus
$435.5K
$381.1K – $508.1K
NOI $30,487 @ 7.0% cap · market cap 4.80%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$770.8K
$674.4K – $899.2K
NOI $53,953 @ 7.0% cap · market cap 8.50%
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
1,149
Businesses Nearby
Explore this area
Business Placement
Demographics for 85719, AZ
46,242
Population
21,707
Households
2.1
Avg Household Size
27
Median Age
46%
College-Educated
93%
High-School Grad
8.0 sq mi
ZIP Area
5,780
Density / Sq Mi
$41,086
Median Household Income
$17,430
Median Earnings
$1,051
Median Rent
$266,900
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?
Multifamily property - Two separate residences offer flexible occupancy near the University of Arizona, with private living areas and substantial on-site parking.
Where is this multifamily property located?
The property is located at 1125 E Kleindale Rd Tucson, AZ.
What is the asking price?
The asking price for this property is $634,900.
What are key features of this property?
This property features: Two residences totaling 2,967 square feet; Front home includes 3 bedrooms, 2 bathrooms, fireplace, and wood‑burning stove; Rear home has a full kitchen, metal roof, loft bedroom, and walkout balcony
