Updated Triplex Near
For Sale
$480,000
1330 E Broadway Blvd, Tucson, AZ 85719
Three separately accessed units include a renovated two-bedroom residence, leased one-bedroom unit, and studio.
Property Size1,845 SF
Price / SF$260.16
Days on Market460
Property Features for 1330 E Broadway Blvd
General Information
Standard status
Active
Size
1,845 SF
Total Parking Spaces
5
Property subtype
Multi-Family
Site & Location
Road Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 2BR/1BA, 1 x 1BR/1BA, 1 x studio
Multifamily Units
3
Amenities
on-site laundry
fenced yard
Building Details
Year Built
1952
Tenancy
Multi
Listing Agency:
Engel & Volkers Tucson
(520) 201-0000
Listed By:
Sara E Hersha
Source:
Anthony.viewalltucsonhomes
Added: May 19, 2025
Changed: Aug 21
Last Checked: Aug 21 at 8:43AM
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 Engel & Volkers Tucson
Investment Insights
Based on property information with market context.
This 1,845-square-foot triplex, built in 1952, comprises a two-bedroom, one-bath unit with an attached one-bedroom, one-bath unit, plus a standalone studio. Each residence has a separate entrance. The two-bedroom unit has a renovated bathroom, new tile flooring throughout, a refrigerator, and a gas stove; it is currently vacant. The one-bedroom unit is leased through April, while the studio is occupied under a month-to-month lease.
The property is fenced with corrugated metal and provides access to covered parking from the rear alley off Highland. A locked on-site storage room contains laundry facilities for tenant access. The address places the property near the U of A, Downtown, 4th Ave, shopping, dining, and transit. Showings for the two occupied units require 48 hours' notice.
The property is fenced with corrugated metal and provides access to covered parking from the rear alley off Highland. A locked on-site storage room contains laundry facilities for tenant access. The address places the property near the U of A, Downtown, 4th Ave, shopping, dining, and transit. Showings for the two occupied units require 48 hours' notice.
Key Highlights
- 1,845‑square‑foot triplex built in 1952
- Unit mix includes a 2 bed/1 bath, attached 1 bed/1 bath, and standalone studio
- Renovated bathroom and new tile throughout the vacant 2 bed/1 bath unit
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$20,674
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.31%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$413,480
$413.5K
Cap Rate 7%
$295,343
$295.3K
Cap Rate 9%
$229,711
$229.7K
Market Conditions
NOI Build-Up for 1,845 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$32.1K $17.40/SF
− Vacancy
−$2.6K −$1.39/SF
EGI
$29.5K $16.01/SF
− OpEx
−$8.9K −$4.80/SF
NOI
$20.7K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$413,480
Cap Rate 7%
$295,343
Cap Rate 9%
$229,711
Alternative Uses
Best Use
Multifamily LT 5
$295.3K
$258.4K – $344.6K
NOI $20,674 @ 7.0% cap · market cap 4.31%
Second Best
Apartment 5plus
$270.8K
$237.0K – $316.0K
NOI $18,958 @ 7.0% cap · market cap 3.95%
Theoretical Best
Office A
$479.3K
$419.4K – $559.2K
NOI $33,550 @ 7.0% cap · market cap 6.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,208
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 Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Three separately accessed units include a renovated two-bedroom residence, leased one-bedroom unit, and studio.
Where is this triplex located?
The property is located at 1330 E Broadway Blvd Tucson, AZ.
What is the asking price?
The asking price for this property is $480,000.
What are key features of this property?
This property features: 1,845‑square‑foot triplex built in 1952; Unit mix includes a 2 bed/1 bath, attached 1 bed/1 bath, and standalone studio; Renovated bathroom and new tile throughout the vacant 2 bed/1 bath unit
