5-Unit Apartment
For Sale
Contact for pricing
1203 N 1st Ave, Tucson, AZ 85719
Five-unit apartment building with 100% occupancy and a mix of two- and one-bedroom apartments.
Property SizeContact for details
Days on Market124
Property Features for 1203 N 1st Ave
General Information
Standard status
Active
Property subtype
Multifamily
Occupancy
100%
Additional Details
Multifamily Units
5
Building Details
Tenancy
Multi
Listing Agency:
Keller Williams Arizona Realty
Listed By:
Rick Horst · License #SA640657000
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Jul 22 at 5:26PM
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 Keller Williams Arizona Realty
Investment Insights
Based on property information with market context.
This 5-unit apartment building offers a unit mix of one large two-bedroom on the main level, one large two-bedroom on the second floor, one large one-bedroom in a separate building, and two one-bedroom units in the basement. The property is reported as 100% occupied, with new leases totaling $5,120 in gross income per month ($61,440 annually). Reported 2020 expenses were $9,722. A new 100-gallon hot water heater was installed as of 9/8/21.
Located at 1203 N 1st Ave, Tucson, the property is described as being about three blocks from the UA. The seller indicates the home has been in the same family since the 1980s, and notes that owner terms are negotiable, including an owner-carry option.
Located at 1203 N 1st Ave, Tucson, the property is described as being about three blocks from the UA. The seller indicates the home has been in the same family since the 1980s, and notes that owner terms are negotiable, including an owner-carry option.
Key Highlights
- 5‑unit apartment building with 100% occupancy
- New leases total $5,120 gross income per month ($61,440/year)
- Unit mix: main‑level 2BR, 2nd‑floor 2BR, separate‑building 1BR, and two basement 1BR units
Property Analytics
Property Profile
Current Use
Lease Details
5
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,086
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?
Apartment building - Five-unit apartment building with 100% occupancy and a mix of two- and one-bedroom apartments.
Where is this apartment building located?
The property is located at 1203 N 1st Ave Tucson, AZ.
What are key features of this property?
This property features: 5‑unit apartment building with 100% occupancy; New leases total $5,120 gross income per month ($61,440/year); Unit mix: main‑level 2BR, 2nd‑floor 2BR, separate‑building 1BR, and two basement 1BR units
