Historic Two-Unit
For Sale
$510,000
2721 E Fort Lowell Rd, Tucson, AZ 85716
Historic-designated property offering residential, office, and boutique commercial use potential.
Property Size1,818 SF
Price / SF$280.53
Days on Market58
Property Features for 2721 E Fort Lowell Rd
General Information
Standard status
Active
Size
1,818 SF
Property subtype
Multi-Family
Additional Details
Road Access
Yes
Amenities
private patios
large yards
central A/C
washer and dryer hookups
storage
Building Details
Year Built
1952
Listing Agency:
NextHome Complete Realty (DBA)
Listed By:
James Snodgrass · License #BR551653000
(520) 250-9709
Source:
Azonthemove
Added: Aug 13
Changed: Oct 6
Last Checked: Oct 7 at 5:04PM
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 NextHome Complete Realty (DBA)
Investment Insights
Based on property information with market context.
This two-unit duplex contains 1,818 square feet and was built in 1952. Each residence provides two bedrooms, one bathroom, a spacious layout, a private patio, and a large yard. Both units include central A/C and washer and dryer hookups, and are described as move-in ready.
The property includes a two-car garage with storage, along with abundant off-street parking. Its position on Fort Lowell Road places the building within the Winterhaven Historic District and provides visibility from the roadway. The property is identified as historic-designated and offers flexibility for residential occupancy, office use, or boutique commercial purposes. The site also includes private outdoor areas associated with each unit.
The property includes a two-car garage with storage, along with abundant off-street parking. Its position on Fort Lowell Road places the building within the Winterhaven Historic District and provides visibility from the roadway. The property is identified as historic-designated and offers flexibility for residential occupancy, office use, or boutique commercial purposes. The site also includes private outdoor areas associated with each unit.
Key Highlights
- Two‑unit duplex with 1,818 square feet, built in 1952
- Each unit includes 2 bedrooms and 1 bathroom
- Historic‑designated property in the Winterhaven Historic District
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,334
Cap Rate
4.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$446,680
$446.7K
Cap Rate 7%
$319,057
$319.1K
Cap Rate 9%
$248,156
$248.2K
Market Conditions
NOI Build-Up for 1,818 SF
Gross rent
$39.3K $21.60/SF
− Vacancy
−$3.5K −$1.94/SF
EGI
$35.7K $19.66/SF
− OpEx
−$13.4K −$7.37/SF
NOI
$22.3K $12.29/SF
Area
Tucson, AZ
Vacancy
9.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$446,680
Cap Rate 7%
$319,057
Cap Rate 9%
$248,156
Alternative Uses
Best Use
Mixed Use
$319.1K
$279.2K – $372.2K
NOI $22,334 @ 7.0% cap · market cap 4.38%
Second Best
Multifamily LT 5
$291.0K
$254.7K – $339.5K
NOI $20,372 @ 7.0% cap · market cap 3.99%
Theoretical Best
Office A
$472.3K
$413.2K – $551.0K
NOI $33,059 @ 7.0% cap · market cap 6.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
803
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Duplex - Historic-designated property offering residential, office, and boutique commercial use potential.
Where is this duplex located?
The property is located at 2721 E Fort Lowell Rd Tucson, AZ.
What is the asking price?
The asking price for this property is $510,000.
What are key features of this property?
This property features: Two‑unit duplex with 1,818 square feet, built in 1952; Each unit includes 2 bedrooms and 1 bathroom; Historic‑designated property in the Winterhaven Historic District
