New Construction
For Sale
$425,000
1520 E 27th Street, Tucson, AZ 85713
Residential Income, Southwestern, Tucson, AZ
Property Size1,882 SF
Lot Size0.23 Acres
Price / SF$225.82
Days on Market50
Property Features for 1520 E 27th Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Property condition
Under Construction
Zoning
Tucson - R2
Parking
4
Appliances
Electric Range
Subdivision
Altadena Heights
Lot features
Decorative Gravel, North/ South Exposure
Elementary school
Borton
Middle school
Roberts (at Naylor)
High school
Tucson
Elementary school district
TUSD
Middle school district
TUSD
High school district
TUSD
Directions
S.Kino PKWY and E.27th St.
Standard status
Active
APN
129091210
Size
1,882 SF
Lot size
0.23 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
From Parcel:001010010 /Altadena Heights Lot 18 Blk 32
Legal Description
From Parcel:001010010 /Altadena Heights Lot 18 Blk 32
Utilities
Heating system
Electric (Heating)
Cooling system
Central Air
Water source
Public
Building Details
Year built
2026
Number of units
2
Flooring type
Tile - Ceramic
Building materials
Frame - Stucco
Roof type
Tile
Architectural style
Other
Listing Agency:
OMNI Homes International
(520) 474-1777
Listed By:
Evangelina R Valdez
(520) 270-6127
Added: Jul 20
Changed: Sep 4
Last Checked: Sep 7 at 5:06PM
MLS# 22617787
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.
Investment Insights
Based on property information with market context.
This under-construction duplex offers 1,882 square feet across two residential units on a 0.23-acre lot. The larger unit includes three bedrooms and two bathrooms, while the second provides two bedrooms and one bathroom. Each residence includes ceramic tile flooring, granite countertops, stainless steel appliances, an electric range, central air conditioning, and electric heat. The building uses frame-and-stucco construction with a tile roof and public water service, and it is planned for completion in 2026.
Located at 1520 E 27th Street in Tucson, the property is near the University of Arizona, I-19, and I-10, with shopping nearby. The site is zoned Tucson - R2 and includes two parking spaces.
Located at 1520 E 27th Street in Tucson, the property is near the University of Arizona, I-19, and I-10, with shopping nearby. The site is zoned Tucson - R2 and includes two parking spaces.
Key Highlights
- Two‑unit duplex totaling 1,882 square feet
- Unit mix includes one 3‑bedroom, 2‑bath unit and one 2‑bedroom, 1‑bath unit
- Under construction with a 2026 year built
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
$18,616
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
4.38%
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%
$372,320
$372.3K
Cap Rate 7%
$265,943
$265.9K
Cap Rate 9%
$206,844
$206.8K
Market Conditions
NOI Build-Up for 1,882 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
$28.9K $15.36/SF
− Vacancy
−$2.3K −$1.23/SF
EGI
$26.6K $14.13/SF
− OpEx
−$8.0K −$4.24/SF
NOI
$18.6K $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 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%
$372,320
Cap Rate 7%
$265,943
Cap Rate 9%
$206,844
Alternative Uses
Best Use
Multifamily LT 5
$265.9K
$232.7K – $310.3K
NOI $18,616 @ 7.0% cap · market cap 4.38%
Second Best
Apartment 5plus
$245.4K
$214.7K – $286.3K
NOI $17,177 @ 7.0% cap · market cap 4.04%
Theoretical Best
Office A
$460.7K
$403.1K – $537.5K
NOI $32,250 @ 7.0% cap · market cap 7.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
532
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
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-unit residential property with ceramic tile, granite countertops, stainless steel appliances, and central air conditioning.
Where is this duplex located?
The property is located at 1520 E 27th Street Tucson, AZ.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Two‑unit duplex totaling 1,882 square feet; Unit mix includes one 3‑bedroom, 2‑bath unit and one 2‑bedroom, 1‑bath unit; Under construction with a 2026 year built
