Building Details

Year Built 1899

Buildings 1

Construction Queen Anne

Listing Agency: RE/MAX Results

Listed By: Paula Catherine Valencia Show Phone

Source: Wowrealestate

Added: Jul 21 Changed: Sep 15 Last Checked: Oct 7 at 3:52PM

Report an Issue

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 RE/MAX Results

Investment Insights

Based on property information with market context.

Built in 1899, this Queen Anne-style duplex is constructed from low-fired adobe brick and includes hardwood floors, high ceilings, and a loft. The property carries C-3 commercial zoning, and one unit is occupied by a month-to-month tenant. Its configuration supports the existing duplex use while accommodating the commercial designation.

The building is a contributing structure in Tucson’s Iron Horse Historic District. It is walkable to 4th Ave, Downtown, and the University of Arizona, with access to nearby dining and cultural destinations. The property reflects an historic multi-unit housing design adapted to the Sonoran Desert.

Key Highlights

• 1899‑built Queen Anne‑style adobe duplex
• C‑3 commercial zoning with loft
• Contributing structure in the Iron Horse Historic District

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$18,046

Cap Rate

4.25%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$360,920 $360.9K

Cap Rate 7%

$257,800 $257.8K

Cap Rate 9%

$200,511 $200.5K

Market Conditions

NOI Build-Up for 1,235 SF

Gross rent

$26.7K $21.60/SF

− Vacancy

−$2.6K −$2.12/SF

EGI

$24.1K $19.48/SF

− OpEx

−$6.0K −$4.87/SF

NOI

$18.0K $14.61/SF

Area

Tucson, AZ

Vacancy

9.80%

Lease Rate

$21.60 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$360,920

Cap Rate 7%

$257,800

Cap Rate 9%

$200,511

Alternative Uses

Best Use

Office B

$257.8K

$225.6K – $300.8K (±1% cap)

NOI $18,046 @ 7.0% cap · market cap 4.25%

Second Best

Mixed Use

$216.7K

$189.7K – $252.9K (±1% cap)

NOI $15,172 @ 7.0% cap · market cap 3.57%

Theoretical Best

Office A

$320.8K

$280.7K – $374.3K (±1% cap)

NOI $22,458 @ 7.0% cap · market cap 5.28%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence

Open Analytics

Current Use

Duplexes

Suggested Use

Top Pick Dental Office (Bike/Boat/Book/etc) Store Veterinary Clinic Pet Grooming Service Carpet & Flooring Store Locksmith

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

2

Residential units

Location Intelligence

Trade Area within ½ mile

3,253

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 Office in Tucson, AZ

8.9% 2019

9.1% 2020

9.6% 2021

10% 2022

8.8% 2023

10.2% 2024

9.5% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this duplexes located? What is the asking price? Find similar properties What are key features of this property?

Similar For Sale Nearby

Duplex With Guest House

1134 N 6th Ave, Tucson, AZ 85705

$400,000

1,234 SF

View details

Remodeled Two-Unit Duplex

2112 E 18th St, Tucson, AZ 85719

$315,000

1,250 SF

View details

Updated Duplex with Private Yards

624 N Columbus Boulevard, Tucson, AZ 85711

$289,000

1,244 SF

View details

Vintage Duplex with Guest House

215 S Cherry Ave, Tucson, AZ 85719

$359,000

1,467 SF

View details

Two-Unit Bungalow Duplex

231 W Illinois Street, Tucson, AZ 85714

$235,000

1,293 SF

View details

Separately Metered Duplex

4735 E 4th Street, Tucson, AZ 85711

$335,000

1,454 SF

View details

Duplex Near Multi-Use Trail

15 N Bonita Ave, Tucson, AZ 85745

$325,000

1,478 SF

View details

Remodeled Duplex with Two Units

50375039 5037&5039 E 1st St, Tucson, AZ 85711

$259,900

1,085 SF

View details

Contemporary Duplex with Private Yards

2320 N Camilla Boulevard, Tucson, AZ 85716

$450,000

1,759 SF

View details

Duplex with Private Yards

3422 N Fontana Avenue, Tucson, AZ 85705

$375,000

View details

New Construction Duplex

1520 E 27th Street, Tucson, AZ 85713

$425,000

1,882 SF

View details

New Construction Duplex

4850 E Andrew Street, Tucson, AZ 85711

$425,000

1,882 SF

View details

Frequently Asked Questions

What type of property is this?

Duplex - C-3 zoning, a loft, and one month-to-month tenant-occupied unit provide residential and commercial flexibility.

Where is this duplex located?

The property is located at 128 N 1st Ave Tucson, AZ.

What is the asking price?

The asking price for this property is $425,000.

What are key features of this property?

This property features: 1899‑built Queen Anne‑style adobe duplex; C‑3 commercial zoning with loft; Contributing structure in the Iron Horse Historic District