Residential Income Property with
For Sale
$255,000
Pending
1211 N Belvedere Avenue, Tucson, AZ 85712
The home includes central air, forced-air natural gas heating, and a courtyard with a built-in barbecue.
Property Size2,165 SF
Days on Market62
Property Features for 1211 N Belvedere Avenue
General Information
Standard status
Pending
Size
2,165 SF
Total Parking Spaces
6
Property subtype
Residential Income
Zoning
Tucson - R2
Net Operating Income
$40,000
Amenities
Sidewalks, Street Lights, Pool
Central Air
Forced Air, Natural Gas
Gas Range, Refrigerator, Gas Water Heater
Beamed Ceilings, High Speed Internet
Block, Chain Link
Built-in Barbecue, Courtyard
Ranch
Building Details
Building Size
2,165 SF
Year Built
1950
Listing Agency:
United Real Estate Specialists
Listed By:
Victor J Cabibo · License #37834
(973) 934-2100
Source:
Evrealestate
Added: Aug 7
Changed: Sep 24
Last Checked: Oct 5 at 6:21PM
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 United Real Estate Specialists
Investment Insights
Based on property information with market context.
This residential income property was built in 1950 and has a courtyard with a built-in barbecue. Interior features include beamed ceilings, central air, forced-air natural gas heating, a gas range, a refrigerator, a gas water heater, and high-speed internet. The exterior is described as block and chain link, with ranch-style design elements.
The property is at 1211 N Belvedere Avenue in Tucson, Arizona.
The property is at 1211 N Belvedere Avenue in Tucson, Arizona.
Key Highlights
- Built in 1950
- Courtyard with built‑in barbecue
- Central air and forced‑air natural gas heating
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,246
Cap Rate
8.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$444,920
$444.9K
Cap Rate 7%
$317,800
$317.8K
Cap Rate 9%
$247,178
$247.2K
Market Conditions
NOI Build-Up for 2,165 SF
Gross rent
$44.2K $20.40/SF
− Vacancy
−$3.7K −$1.72/SF
EGI
$40.4K $18.68/SF
− OpEx
−$18.2K −$8.41/SF
NOI
$22.2K $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 Rate 5%
$444,920
Cap Rate 7%
$317,800
Cap Rate 9%
$247,178
Alternative Uses
Best Use
Apartment 5plus
$317.8K
$278.1K – $370.8K
NOI $22,246 @ 7.0% cap · market cap 8.72%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$562.4K
$492.1K – $656.2K
NOI $39,369 @ 7.0% cap · market cap 15.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,095
Businesses Nearby
Explore this area
Business Placement
Demographics for 85712, AZ
33,108
Population
18,215
Households
1.8
Avg Household Size
44
Median Age
37%
College-Educated
90%
High-School Grad
6.8 sq mi
ZIP Area
4,869
Density / Sq Mi
$48,185
Median Household Income
$39,090
Median Earnings
$947
Median Rent
$250,400
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - The home includes central air, forced-air natural gas heating, and a courtyard with a built-in barbecue.
Where is this residential income property located?
The property is located at 1211 N Belvedere Avenue Tucson, AZ.
What is the asking price?
The asking price for this property is $255,000.
What are key features of this property?
This property features: Built in 1950; Courtyard with built‑in barbecue; Central air and forced‑air natural gas heating
