New Construction
For Sale
$430,000
1446 S Cherry Ave, Tucson, AZ 85713
Two residences offer separate electric and water meters, supporting independent utility tracking.
Property Size2,184 SF
Price / SF$196.89
Days on Market87
Property Features for 1446 S Cherry Ave
General Information
Standard status
Active
Size
2,184 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Building Details
Year Built
2024
Buildings
1
Listing Agency:
Tierra Antigua Realty
Listed By:
Jose Campillo
(520) 544-2335
Source:
Collaborative-agents
Added: Jul 21
Changed: Oct 12
Last Checked: Oct 7 at 1:02PM
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 Tierra Antigua Realty
Investment Insights
Based on property information with market context.
Completed in 2024, this 2,184-square-foot duplex contains two residential units, each configured with 3 bedrooms and 2 bathrooms. Separate electric and water meters serve the units, providing distinct utility measurement for each residence.
The property is positioned less than 3 miles from the University of Arizona and approximately 2 miles from Downtown Tucson. Restaurants, shopping, and entertainment are also identified in the surrounding area. The two-unit layout supports both investor ownership and an owner-occupancy arrangement with rental income, as described in the property information.
The property is positioned less than 3 miles from the University of Arizona and approximately 2 miles from Downtown Tucson. Restaurants, shopping, and entertainment are also identified in the surrounding area. The two-unit layout supports both investor ownership and an owner-occupancy arrangement with rental income, as described in the property information.
Key Highlights
- 2,184 SF duplex completed in 2024
- Two units, each with 3 bedrooms and 2 bathrooms
- Separate electric meters for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,604
Cap Rate
5.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$432,080
$432.1K
Cap Rate 7%
$308,629
$308.6K
Cap Rate 9%
$240,044
$240.0K
Market Conditions
NOI Build-Up for 2,184 SF
Gross rent
$33.5K $15.36/SF
− Vacancy
−$2.7K −$1.23/SF
EGI
$30.9K $14.13/SF
− OpEx
−$9.3K −$4.24/SF
NOI
$21.6K $9.89/SF
Area
ZIP 85713
Vacancy
8.00%
Lease Rate
$15.36 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$432,080
Cap Rate 7%
$308,629
Cap Rate 9%
$240,044
Alternative Uses
Best Use
Multifamily LT 5
$308.6K
$270.1K – $360.1K
NOI $21,604 @ 7.0% cap · market cap 5.02%
Second Best
Apartment 5plus
$284.8K
$249.2K – $332.2K
NOI $19,933 @ 7.0% cap · market cap 4.64%
Theoretical Best
Office A
$534.6K
$467.8K – $623.8K
NOI $37,425 @ 7.0% cap · market cap 8.70%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
690
Businesses Nearby
Explore this area
Business Placement
Demographics for 85713, AZ
46,810
Population
19,056
Households
2.5
Avg Household Size
38
Median Age
21%
College-Educated
79%
High-School Grad
23.8 sq mi
ZIP Area
1,967
Density / Sq Mi
$50,264
Median Household Income
$32,302
Median Earnings
$1,017
Median Rent
$171,700
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 - Two residences offer separate electric and water meters, supporting independent utility tracking.
Where is this duplex located?
The property is located at 1446 S Cherry Ave Tucson, AZ.
What is the asking price?
The asking price for this property is $430,000.
What are key features of this property?
This property features: 2,184 SF duplex completed in 2024; Two units, each with 3 bedrooms and 2 bathrooms; Separate electric meters for each unit
