Residential Income
For Sale
$320,000
1217 W Garnette Street, Tucson, AZ 85705
The property has central air, forced-air heating, and a 1966 construction date.
Property Size1,620 SF
Price / SF$197.53
Days on Market18
Property Features for 1217 W Garnette Street
General Information
Standard status
Active
Size
1,620 SF
Total Parking Spaces
1
Property subtype
Residential Income
Zoning
Pima County - MU
Net Operating Income
$1,481
Site & Location
Neighborhood
Flowing Wells
Amenities
Central Air
Forced Air
Gas Range, Electric Water Heater, Gas Water Heater
Chain Link
Building Details
Building Size
1,620 SF
Year Built
1966
Listing Agency:
Real Broker AZ, LLC
Listed By:
Oscar Alberto Duarte
(520) 305-8278
Source:
Evrealestate
Added: Oct 16
Changed: Oct 25
Last Checked: Nov 1 at 6:03AM
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 Real Broker AZ, LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This residential income property contains 1,620 square feet and was built in 1966. Interior features include central air and forced-air heating, along with a gas range and electric and gas water heaters.
The property is zoned Pima County - MU. Exterior features include chain-link fencing.
The property is zoned Pima County - MU. Exterior features include chain-link fencing.
Key Highlights
- 1,620 square feet of residential income property
- Built in 1966
- Pima County - MU zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,198
Cap Rate
4.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$283,960
$284.0K
Cap Rate 7%
$202,829
$202.8K
Cap Rate 9%
$157,756
$157.8K
Market Conditions
NOI Build-Up for 1,620 SF
Gross rent
$28.2K $17.40/SF
− Vacancy
−$2.4K −$1.47/SF
EGI
$25.8K $15.93/SF
− OpEx
−$11.6K −$7.17/SF
NOI
$14.2K $8.76/SF
Area
ZIP 85705
Vacancy
8.42%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$283,960
Cap Rate 7%
$202,829
Cap Rate 9%
$157,756
Alternative Uses
Best Use
Apartment 5plus
$202.8K
$177.5K – $236.6K
NOI $14,198 @ 7.0% cap · market cap 4.44%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$372.8K
$326.2K – $434.9K
NOI $26,095 @ 7.0% cap · market cap 8.15%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Location Intelligence
Trade Area within ½ mile
584
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Frequently Asked Questions
What type of property is this?
Residential income property - The property has central air, forced-air heating, and a 1966 construction date.
Where is this residential income property located?
The property is located at 1217 W Garnette Street Tucson, AZ.
What is the asking price?
The asking price for this property is $320,000.
What are key features of this property?
This property features: 1,620 square feet of residential income property; Built in 1966; Pima County - MU zoning
