Ranch-Style Triplex with
For Sale
Under Contract
$255,000
1211 N Belvedere Avenue, Tucson, AZ 85712
Residential Income, Ranch, Tucson, AZ
Property Size2,165 SF
Lot Size0.20 Acres
Price / SF$117.78
Days on Market78
Property Features for 1211 N Belvedere Avenue
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning
Tucson - R2
Parking
6
Window features
Skylight(s)
Patio and Porch features
Deck
Interior features
Solar PV System, Beamed Ceilings
Exterior features
Built-in Barbecue, Courtyard
Fencing
Chain Link
Appliances
Gas Range, Refrigerator
Subdivision
Speedway Addition
Lot features
Decorative Gravel, East/ West Exposure
Elementary school
Wright
Middle school
Doolen
High school
Catalina
Elementary school district
TUSD
Middle school district
TUSD
High school district
TUSD
Directions
From Speedway and Swan, west on Speedway, north on Belvedere
Standard status
Active Under Contract
APN
122-12-0660
Size
2,165 SF
Lot size
0.20 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
SPEEDWAY N75' S150' LOT 1 BLK 6
Legal Description
SPEEDWAY N75' S150' LOT 1 BLK 6
Utilities
Heating system
Natural Gas, Forced Air
Cooling system
Central Air
Water source
Public
Amenities
pool
Building Details
Year built
1950
Number of units
3
Flooring type
Vinyl, Carpet
Building materials
Block, Wood Frame
Roof type
Shingle
Architectural style
Ranch
Listing Agency:
United Real Estate Specialists
(520) 612-7422
Listed By:
Victor J Cabibo
(973) 934-2100
Added: Aug 7
Changed: Oct 19
Last Checked: Oct 23 at 3:06PM
MLS# 22619291
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.
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Investment Insights
Based on property information with market context.
This 2,165-square-foot ranch-style triplex sits on a 0.2-acre lot in Tucson. Built in 1950, the property is offered in as-is condition and includes a pool, courtyard, built-in barbecue, deck, and chain-link fencing. Interior features include beamed ceilings, vinyl and carpet flooring, a gas range, and a refrigerator. Construction combines block and wood-frame components, with natural gas forced-air heating, central air conditioning, a shingle roof, and a solar PV system.
The property is located in central Tucson and carries Tucson - R2 zoning. Public water serves the site. Its three-unit configuration provides residential income property functionality, while the existing condition offers a renovation-oriented ownership profile.
The property is located in central Tucson and carries Tucson - R2 zoning. Public water serves the site. Its three-unit configuration provides residential income property functionality, while the existing condition offers a renovation-oriented ownership profile.
Key Highlights
- Triplex on 0.2 acres with 2,165 square feet
- Pool, courtyard, built‑in barbecue, and deck
- Tucson - R2 zoning designation
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
Multifamily LT 5
$346.6K
$303.3K – $404.3K
NOI $24,260 @ 7.0% cap · market cap 9.51%
Second Best
Apartment 5plus
$317.8K
$278.1K – $370.8K
NOI $22,246 @ 7.0% cap · market cap 8.72%
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.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,095
Businesses Nearby
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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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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Triplex - Three-unit residential property with a courtyard, pool, central air, and a Tucson R2 zoning designation.
Where is this triplex 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: Triplex on 0.2 acres with 2,165 square feet; Pool, courtyard, built‑in barbecue, and deck; Tucson - R2 zoning designation
