16-Unit Apartment
For Sale
$900,000
1435 E Benson Highway, Tucson, AZ 85714
Commercial Sale, Tucson, AZ
Property Size4,651 SF
Lot Size1.08 Acres
Price / SF$193.51
Days on Market51
Property Features for 1435 E Benson Highway
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Tucson - C2
Directions
From Ajo, go southeast on Benson Hwy to property on Left
Subdivision
South
Standard status
Active
APN
132-16-0320
Size
4,651 SF
Lot size
1.08 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
From Parcel:001010010 /Pc 100' X 471' Facing Benson Hwy In Nw4 Ne4 Lyg 1109.9' Sely From W Line Of Ne4 S 1.08 Ac Sec 31-
Tax Annual Amount
3500
Legal Description
From Parcel:001010010 /Pc 100' X 471' Facing Benson Hwy In Nw4 Ne4 Lyg 1109.9' Sely From W Line Of Ne4 S 1.08 Ac Sec 31-
Building Details
Year built
1948
Listing Agency:
Real Broker
(602) 755-3415
Listed By:
Marc E Luety II
(520) 850-4000
Added: Sep 8
Changed: Oct 21
Last Checked: Oct 28 at 7:06PM
MLS# 22622120
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.
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Investment Insights
Based on property information with market context.
This 16-unit apartment property occupies a one-story stucco and block building containing 4,651 square feet. The property operates as an all-bills-paid community with owner-paid utilities and is zoned Tucson - C2. Its construction and unit count support a compact multifamily configuration on a commercial-zoned site.
The property is located at 1435 E Benson Highway in Tucson’s South Tucson / Ward 5 area, near downtown Tucson and the I-10/I-19 interchange. Banner-University Medical Center South and the Tucson VA Medical Center are also nearby. The asset sits within an active corridor of 1940s-vintage Class C apartment properties along Benson Highway.
The property is located at 1435 E Benson Highway in Tucson’s South Tucson / Ward 5 area, near downtown Tucson and the I-10/I-19 interchange. Banner-University Medical Center South and the Tucson VA Medical Center are also nearby. The asset sits within an active corridor of 1940s-vintage Class C apartment properties along Benson Highway.
Key Highlights
- 16 apartment units in a one‑story building
- 4,651 square feet of property area
- Stucco and block construction
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,790
Cap Rate
5.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$955,800
$955.8K
Cap Rate 7%
$682,714
$682.7K
Cap Rate 9%
$531,000
$531.0K
Market Conditions
NOI Build-Up for 4,651 SF
Gross rent
$94.9K $20.40/SF
− Vacancy
−$8.0K −$1.72/SF
EGI
$86.9K $18.68/SF
− OpEx
−$39.1K −$8.41/SF
NOI
$47.8K $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%
$955,800
Cap Rate 7%
$682,714
Cap Rate 9%
$531,000
Alternative Uses
Best Use
Apartment 5plus
$682.7K
$597.4K – $796.5K
NOI $47,790 @ 7.0% cap · market cap 5.31%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.21M
$1.06M – $1.41M
NOI $84,575 @ 7.0% cap · market cap 9.40%
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
16
Residential units
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
788
Businesses Nearby
Explore this area
Business Placement
Demographics for 85714, AZ
14,232
Population
5,589
Households
2.5
Avg Household Size
38
Median Age
10%
College-Educated
69%
High-School Grad
5.6 sq mi
ZIP Area
2,541
Density / Sq Mi
$47,093
Median Household Income
$30,204
Median Earnings
$879
Median Rent
$177,100
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
Frequently Asked Questions
What type of property is this?
Apartment building - One-story stucco and block apartment property with C-2 zoning and owner-paid utilities.
Where is this apartment building located?
The property is located at 1435 E Benson Highway Tucson, AZ.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: 16 apartment units in a one‑story building; 4,651 square feet of property area; Stucco and block construction
