Two-Unit Duplex with Distinct
For Sale
$420,000
1370 N Alvernon Way, Tucson, AZ 85712
Configured for separate household living with a three-bedroom unit and a two-bedroom unit.
Property Size1,948 SF
Price / SF$215.61
Days on Market100
Property Features for 1370 N Alvernon Way
General Information
Standard status
Active
Size
1,948 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
Julia Keen
Units
Unit Mix
1 x 3BR/2BA, 1 x 2BR/1BA
Multifamily Units
2
Amenities
high ceilings
granite countertops
classic tile roof
Building Details
Year Built
2026
Listing Agency:
Real Broker
Listed By:
Daniel R Biel · License #160
(520) 237-0224
Source:
Viewtucsonhomesforsale
Added: Jul 23
Changed: Oct 25
Last Checked: Oct 28 at 8:38AM
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 Real Broker
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,948-square-foot duplex contains two distinct residences: one with 3 bedrooms and 2 bathrooms, and another with 2 bedrooms and 1 bathroom. Interior features include high ceilings and granite countertops, while the property is topped by a tile roof.
The property is located in Tucson’s Garden District near Whole Foods, Trader Joe’s, the University of Arizona, and neighborhood parks. Its two-unit configuration supports separate residential occupancy within a single income-property asset.
The property is located in Tucson’s Garden District near Whole Foods, Trader Joe’s, the University of Arizona, and neighborhood parks. Its two-unit configuration supports separate residential occupancy within a single income-property asset.
Key Highlights
- 1,948‑square‑foot duplex with two separate residential units
- Unit mix includes 3BR/2BA and 2BR/1BA residences
- High ceilings featured throughout the property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,829
Cap Rate
5.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$436,580
$436.6K
Cap Rate 7%
$311,843
$311.8K
Cap Rate 9%
$242,544
$242.5K
Market Conditions
NOI Build-Up for 1,948 SF
Gross rent
$33.9K $17.40/SF
− Vacancy
−$2.7K −$1.39/SF
EGI
$31.2K $16.01/SF
− OpEx
−$9.4K −$4.80/SF
NOI
$21.8K $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%
$436,580
Cap Rate 7%
$311,843
Cap Rate 9%
$242,544
Alternative Uses
Best Use
Multifamily LT 5
$311.8K
$272.9K – $363.8K
NOI $21,829 @ 7.0% cap · market cap 5.20%
Second Best
Apartment 5plus
$285.9K
$250.2K – $333.6K
NOI $20,016 @ 7.0% cap · market cap 4.77%
Theoretical Best
Office A
$506.0K
$442.8K – $590.4K
NOI $35,423 @ 7.0% cap · market cap 8.43%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
568
Businesses Nearby
Explore this area
Business Placement
Demographics for 85712, AZ
33,108
Population
18,215
Households
1.8
Avg Household Size
44
Median Age
37%
College-Educated
90%
High-School Grad
6.8 sq mi
ZIP Area
4,869
Density / Sq Mi
$48,185
Median Household Income
$39,090
Median Earnings
$947
Median Rent
$250,400
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Configured for separate household living with a three-bedroom unit and a two-bedroom unit.
Where is this duplex located?
The property is located at 1370 N Alvernon Way Tucson, AZ.
What is the asking price?
The asking price for this property is $420,000.
What are key features of this property?
This property features: 1,948‑square‑foot duplex with two separate residential units; Unit mix includes 3BR/2BA and 2BR/1BA residences; High ceilings featured throughout the property
