6-Unit Apartment
New
For Sale
$650,000
1400 W Congress Street, Tucson, AZ 85745
Commercial Sale, Tucson, AZ
Property Size2,655 SF
Lot Size0.40 Acres
Price / SF$244.82
Days on Market3
Property Features for 1400 W Congress Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Tucson - R2
Fencing
Chain Link
Lot features
Decorative Gravel, Corner Lot, East/ West Exposure, North/ South Exposure
Directions
W on W Congress Street, units starts at the corner of Congress and S Cuesta Ave.
Subdivision
West
Standard status
Active
APN
11621311C
Size
2,655 SF
Lot size
0.40 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Year
2026
Tax Description
PTN FRACTIONAL LOT 9 LYG NLY & ADJ BLK 3MENLO PARK ANNEX .40 AC SEC 14-14-13
Tax Annual Amount
2471
Legal Description
PTN FRACTIONAL LOT 9 LYG NLY & ADJ BLK 3MENLO PARK ANNEX .40 AC SEC 14-14-13
Utilities
Heating system
Forced Air, Electric (Heating), Heat Pump (Heating), Wall Furnace
Cooling system
Evaporative Cooling, Central Air, Ceiling Fan(s)
Water source
Public
Amenities
laundry outbuilding
Building Details
Year built
1940
Building materials
Masonry Stucco
Roof type
Shingle, Built-Up
Listing Agency:
Tierra Antigua Realty
(520) 428-3338
Listed By:
Anne Ranek
(520) 330-4091
Added: Oct 30
Last Checked: Nov 1 at 4:06PM
MLS# 22626486
Copyright © 2026 Multiple Listing Service of Southern Arizona. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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 6-unit apartment property at 1400 W Congress Street in Tucson contains 2,655 square feet across a 0.4-acre lot. Built in 1940, the property includes a separate laundry building with a water heater and coin-operated washer and dryer. Roofs have been replaced, and several electrical panels have been updated. The property is zoned Tucson - R2.
The modern streetcar is nearby, with the Mercado District, Saint Mary's Hospital and downtown Tucson described as minutes away or within easy reach.
The modern streetcar is nearby, with the Mercado District, Saint Mary's Hospital and downtown Tucson described as minutes away or within easy reach.
Key Highlights
- Six residential units in a 2,655‑square‑foot property
- 0.4‑acre lot
- Built in 1940; zoned Tucson - R2
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,281
Cap Rate
4.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$545,620
$545.6K
Cap Rate 7%
$389,729
$389.7K
Cap Rate 9%
$303,122
$303.1K
Market Conditions
NOI Build-Up for 2,655 SF
Gross rent
$54.2K $20.40/SF
− Vacancy
−$4.6K −$1.72/SF
EGI
$49.6K $18.68/SF
− OpEx
−$22.3K −$8.41/SF
NOI
$27.3K $10.28/SF
Area
Tucson, AZ
Vacancy
8.42%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$545,620
Cap Rate 7%
$389,729
Cap Rate 9%
$303,122
Alternative Uses
Best Use
Apartment 5plus
$389.7K
$341.0K – $454.7K
NOI $27,281 @ 7.0% cap · market cap 4.20%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$689.7K
$603.5K – $804.7K
NOI $48,279 @ 7.0% cap · market cap 7.43%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
820
Businesses Nearby
Explore this area
Business Placement
Demographics for 85745, AZ
36,774
Population
17,662
Households
2.1
Avg Household Size
42
Median Age
45%
College-Educated
93%
High-School Grad
47.0 sq mi
ZIP Area
782
Density / Sq Mi
$68,608
Median Household Income
$40,353
Median Earnings
$1,128
Median Rent
$324,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - A coin-operated laundry outbuilding complements the property's six residential units.
Where is this apartment building located?
The property is located at 1400 W Congress Street Tucson, AZ.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Six residential units in a 2,655‑square‑foot property; 0.4‑acre lot; Built in 1940; zoned Tucson - R2
