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Five-Unit Residential Income Property
For Sale
$325,000

123 W Illinois St, Tucson, AZ 85714

Five residential units across a main home, duplex, and two casitas, with two units on month-to-month leases.

Property Size3,168 SF
Price / SF$102.59
Days on Market39

Property Features for 123 W Illinois St

General Information

Standard status Active
Size 3,168 SF
Property subtype Residential Income

Units

Unit Mix 1 x 2BR/1BA, 4 x 1BR/1BA
Multifamily Units 5
Listing Agency: Tierra Antigua Realty
Listed By: Cynthia Gomez
Source: Exprealty
Added: Jun 25 Changed: Jul 31 Last Checked: Jul 31 at 6:24AM

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 Tierra Antigua Realty

Investment Insights

Based on property information with market context.

This five-unit residential income property includes a two-bedroom, one-bath main home, a duplex with two one-bedroom, one-bath units, and two detached one-bedroom, one-bath casitas. The property is offered as-is and consists of two parcels.

Two of the units are currently rented on month-to-month leases, providing flexibility for future management while maintaining immediate occupancy. The remaining units may offer an opportunity to update and reposition the property.

Configured to serve multiple household types, the mix of a main home, duplex units, and separate casitas can support a variety of tenancy arrangements while keeping the overall property organization straightforward for day-to-day oversight.

Key Highlights

  • Two parcels making up the five‑unit income property
  • Includes a 2 bed, 1 bath main home
  • Duplex offers two 1 bed, 1 bath units

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Law Firm Daycare Center Carpet & Flooring Store Computer & Electronic Repair (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

5
Residential units

Location Intelligence

Trade Area within ½ mile

628
Businesses Nearby

Demographics for 85714, AZ

14,232
Population
5,589
Households
2.5
Avg Household Size
38
Median Age
10%
College-Educated
69%
High-School Grad
5.6 sq mi
ZIP Area
2,541
Density / Sq Mi
$47,093
Median Household Income
$30,204
Median Earnings
$879
Median Rent
$177,100
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Five residential units across a main home, duplex, and two casitas, with two units on month-to-month leases.
Where is this apartment building located?
The property is located at 123 W Illinois St Tucson, AZ.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Two parcels making up the five‑unit income property; Includes a 2 bed, 1 bath main home; Duplex offers two 1 bed, 1 bath units
More about this property
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