Duplex With Guest
For Sale
$400,000
1134 N 6th Ave, Tucson, AZ 85705
Three-unit residential property with one occupied unit and two spaces undergoing remodeling.
Property Size1,234 SF
Price / SF$324.15
Days on Market87
Property Features for 1134 N 6th Ave
General Information
Standard status
Active
Size
1,234 SF
Property subtype
Multi-Family
Property Condition
Severity
Repairs Needed
Evidence
fix-ups
Additional Details
Multifamily Units
3
Building Details
Year Built
1945
Listing Agency:
Long Realty
Listed By:
Rob Lamb · License #SA042168000
(520) 444-4411
Source:
Azonthemove
Added: Jul 21
Changed: Oct 5
Last Checked: Oct 7 at 2:09PM
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 Long Realty
Investment Insights
Based on property information with market context.
This Tucson residential property contains a duplex and a separate guest house, creating three total units. The duplex measures 913 SF and includes an additional 240+/- SF attic, while the guest house contains 322 SF. The North Unit and guest house are being remodeled, and the South Unit is occupied. The guest house is currently vacant.
The property is located at 1134 N 6th Ave in Tucson, near Downtown, Pima Community College, and the University of Arizona. The 1945-built improvements offer a combination of existing occupancy and unfinished residential spaces within a compact multifamily configuration.
The property is located at 1134 N 6th Ave in Tucson, near Downtown, Pima Community College, and the University of Arizona. The 1945-built improvements offer a combination of existing occupancy and unfinished residential spaces within a compact multifamily configuration.
Key Highlights
- Three total units: a duplex plus a separate guest house
- 913 SF duplex with an additional 240+/- SF attic
- 322 SF guest house, currently vacant and undergoing remodeling
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,920
Cap Rate
2.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$238,400
$238.4K
Cap Rate 7%
$170,286
$170.3K
Cap Rate 9%
$132,444
$132.4K
Market Conditions
NOI Build-Up for 1,234 SF
Gross rent
$18.5K $15.00/SF
− Vacancy
−$1.5K −$1.20/SF
EGI
$17.0K $13.80/SF
− OpEx
−$5.1K −$4.14/SF
NOI
$11.9K $9.66/SF
Area
ZIP 85705
Vacancy
8.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$238,400
Cap Rate 7%
$170,286
Cap Rate 9%
$132,444
Alternative Uses
Best Use
Multifamily LT 5
$170.3K
$149.0K – $198.7K
NOI $11,920 @ 7.0% cap · market cap 2.98%
Second Best
Apartment 5plus
$154.5K
$135.2K – $180.3K
NOI $10,815 @ 7.0% cap · market cap 2.70%
Theoretical Best
Office A
$284.0K
$248.5K – $331.3K
NOI $19,877 @ 7.0% cap · market cap 4.97%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,480
Businesses Nearby
Explore this area
Business Placement
Demographics for 85705, AZ
56,711
Population
29,145
Households
1.9
Avg Household Size
36
Median Age
20%
College-Educated
80%
High-School Grad
13.6 sq mi
ZIP Area
4,170
Density / Sq Mi
$36,606
Median Household Income
$27,220
Median Earnings
$924
Median Rent
$113,700
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 - Three-unit residential property with one occupied unit and two spaces undergoing remodeling.
Where is this duplex located?
The property is located at 1134 N 6th Ave Tucson, AZ.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: Three total units: a duplex plus a separate guest house; 913 SF duplex with an additional 240+/- SF attic; 322 SF guest house, currently vacant and undergoing remodeling
