Updated Three-Unit
For Sale
$309,000
Pending
1302 N Dodge Blvd, Tucson, AZ 85716
Block construction, central heating and air, and off-street parking serve this three-unit property.
Property Size1,699 SF
Days on Market200
Property Features for 1302 N Dodge Blvd
General Information
Standard status
Pending
Size
1,699 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
Palo Verde
Public Transit
Yes
Additional Details
Multifamily Units
3
Amenities
central air conditioning
central heating
in-unit washer/dryer
off-street parking
Building Details
Year Built
1946
Construction
block
Listing Agency:
Tierra Antigua Realty
Listed By:
Carlos Taplin
(520) 869-5585
Source:
Exploretucsonproperties
Added: Apr 18
Changed: Nov 1
Last Checked: Nov 1 at 6:08AM
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
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Investment Insights
Based on property information with market context.
This 1946 triplex offers 1,699 square feet in solid block construction. Updates include central air conditioning and heat, flooring, and cabinetry. Two units have washer and dryer equipment, while the third has hookups available. Off-street parking is provided.
The property is near the University of Arizona, Loft Theater, Whole Foods, restaurants, and coffee shops. Bus service is within walking distance, and the 3rd Street bike path is nearby.
The property is near the University of Arizona, Loft Theater, Whole Foods, restaurants, and coffee shops. Bus service is within walking distance, and the 3rd Street bike path is nearby.
Key Highlights
- 1,699‑square‑foot triplex built in 1946
- Solid block construction
- Central air conditioning and heat, with updated flooring and cabinetry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,038
Cap Rate
6.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$380,760
$380.8K
Cap Rate 7%
$271,971
$272.0K
Cap Rate 9%
$211,533
$211.5K
Market Conditions
NOI Build-Up for 1,699 SF
Gross rent
$29.6K $17.40/SF
− Vacancy
−$2.4K −$1.39/SF
EGI
$27.2K $16.01/SF
− OpEx
−$8.2K −$4.80/SF
NOI
$19.0K $11.21/SF
Area
Tucson, AZ
Vacancy
8.00%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$380,760
Cap Rate 7%
$271,971
Cap Rate 9%
$211,533
Alternative Uses
Best Use
Multifamily LT 5
$272.0K
$238.0K – $317.3K
NOI $19,038 @ 7.0% cap · market cap 6.16%
Second Best
Apartment 5plus
$249.4K
$218.2K – $291.0K
NOI $17,458 @ 7.0% cap · market cap 5.65%
Theoretical Best
Office A
$441.4K
$386.2K – $514.9K
NOI $30,895 @ 7.0% cap · market cap 10.00%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,131
Businesses Nearby
Explore this area
Business Placement
Demographics for 85716, AZ
31,521
Population
19,025
Households
1.7
Avg Household Size
39
Median Age
42%
College-Educated
92%
High-School Grad
7.2 sq mi
ZIP Area
4,378
Density / Sq Mi
$47,009
Median Household Income
$33,367
Median Earnings
$1,021
Median Rent
$300,900
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 - Block construction, central heating and air, and off-street parking serve this three-unit property.
Where is this triplex located?
The property is located at 1302 N Dodge Blvd Tucson, AZ.
What is the asking price?
The asking price for this property is $309,000.
What are key features of this property?
This property features: 1,699‑square‑foot triplex built in 1946; Solid block construction; Central air conditioning and heat, with updated flooring and cabinetry
