Newly Built
For Sale
$445,000
1359 W Mohawk Drive, Tucson, AZ 85705
Tucson, AZ
Property Size1,867 SF
Price / SF$238.35
Days on Market36
Property Features for 1359 W Mohawk Drive
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Subdivision
Riverside Gardens
Elementary school
Homer Davis
Middle school
Flowing Wells
High school
Flowing Wells
Standard status
Active
Size
1,867 SF
Amenities
private fenced backyards
stainless steel appliances
tile flooring
laundry closet
granite countertops
spray-foam insulation
Building Details
Year built
2026
Listing Agency:
Engel & Volkers Tucson · Engel & Völkers
(520) 201-0000
Listed By:
Brenden Urias Buono · License #SA704378000
Added: Jul 17
Changed: Aug 21
Last Checked: Aug 21 at 3:06PM
MLS# 22611381
Copyright © 2026 Engel & Völkers. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1,867-square-foot duplex was constructed in 2026 and includes two separate residences: one with three bedrooms and two bathrooms, and another with two bedrooms and one bathroom. Both units have open-concept layouts, tile flooring, white cabinetry, granite countertops, stainless steel appliances, and dedicated laundry closets.
Each residence also includes a private fenced backyard. Spray-foam insulation was used in the construction to support energy efficiency and consistent interior comfort. The property is located on W Mohawk Drive in Tucson, Arizona 85705.
Each residence also includes a private fenced backyard. Spray-foam insulation was used in the construction to support energy efficiency and consistent interior comfort. The property is located on W Mohawk Drive in Tucson, Arizona 85705.
Key Highlights
- 1,867‑square‑foot duplex completed in 2026
- Three‑bedroom, two‑bath unit paired with a two‑bedroom, one‑bath unit
- Private fenced backyard for each residence
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
$18,035
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
4.05%
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%
$360,700
$360.7K
Cap Rate 7%
$257,643
$257.6K
Cap Rate 9%
$200,389
$200.4K
Market Conditions
NOI Build-Up for 1,867 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
$28.0K $15.00/SF
− Vacancy
−$2.2K −$1.20/SF
EGI
$25.8K $13.80/SF
− OpEx
−$7.7K −$4.14/SF
NOI
$18.0K $9.66/SF
Area
ZIP 85705
Vacancy
8.00%
Lease Rate
$15.00 /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%
$360,700
Cap Rate 7%
$257,643
Cap Rate 9%
$200,389
Alternative Uses
Best Use
Multifamily LT 5
$257.6K
$225.4K – $300.6K
NOI $18,035 @ 7.0% cap · market cap 4.05%
Second Best
Apartment 5plus
$233.8K
$204.5K – $272.7K
NOI $16,363 @ 7.0% cap · market cap 3.68%
Theoretical Best
Office A
$429.6K
$375.9K – $501.2K
NOI $30,073 @ 7.0% cap · market cap 6.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
425
Businesses Nearby
Explore this area
Business Placement
Demographics for 85705, AZ
56,711
Population
29,145
Households
1.9
Avg Household Size
36
Median Age
20%
College-Educated
80%
High-School Grad
13.6 sq mi
ZIP Area
4,170
Density / Sq Mi
$36,606
Median Household Income
$27,220
Median Earnings
$924
Median Rent
$113,700
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?
Duplex - Two residences feature fenced outdoor areas, modern finishes, and individual laundry closets.
Where is this duplex located?
The property is located at 1359 W Mohawk Drive Tucson, AZ.
What is the asking price?
The asking price for this property is $445,000.
What are key features of this property?
This property features: 1,867‑square‑foot duplex completed in 2026; Three‑bedroom, two‑bath unit paired with a two‑bedroom, one‑bath unit; Private fenced backyard for each residence
