Quadruplex with Rental
For Sale
$610,000
1555 E Bernard Dr, Tucson, AZ 85714
Four-unit property with a detached casita, garage/workshop, multiple storage units, and on-site parking.
Property Size3,257 SF
Lot Size0.34 Acres
Price / SF$187.29
Days on Market223
Property Features for 1555 E Bernard Dr
General Information
Standard status
Active
Size
3,257 SF
Lot size
0.34 Acres
Property subtype
Multi-Family
Units
Unit Mix
1 x 3/2 w/loft, 1 x 2/2 w/loft, 1 x Studio, 1 x 1/1
Multifamily Units
4
Building Details
Year Built
1968
Listing Agency:
Realty One Group Integrity
Listed By:
Santiago Ortiz
(520) 981-9080
Source:
Tucsonhomeseeker
Added: Mar 6
Changed: Oct 1
Last Checked: Oct 14 at 11:05PM
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 Realty One Group Integrity
Investment Insights
Based on property information with market context.
This four-unit residential property at 1555 E Bernard Dr includes two loft-style residences, a studio, and a detached one-bedroom casita. Unit A measures 1,375 square feet with a three-bedroom, two-bath layout and loft, while Unit B offers 1,057 square feet with two bedrooms, two baths, and a loft. Unit D is a 225-square-foot studio, and detached Unit C measures 600 square feet with one bedroom and one bath. The property also includes three rental storage units and an 18-by-14-foot garage/workshop.
Set on a 0.34-acre lot in Tucson, the property has a block perimeter wall and 10+ on-site parking spaces. The exterior was recently painted. The surrounding area is associated with the Gem Show, New Mosaic Iceplex, Kino Sports Plex, Tucson Rodeo, sporting competitions, shopping, restaurants, and entertainment.
Set on a 0.34-acre lot in Tucson, the property has a block perimeter wall and 10+ on-site parking spaces. The exterior was recently painted. The surrounding area is associated with the Gem Show, New Mosaic Iceplex, Kino Sports Plex, Tucson Rodeo, sporting competitions, shopping, restaurants, and entertainment.
Key Highlights
- Four‑unit property with Unit A, Unit B, Unit D, and detached casita Unit C
- Unit A: 1,375ft², 3/2 layout with loft
- Unit B: 1,057ft², 2/2 layout with loft
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,497
Cap Rate
5.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$729,940
$729.9K
Cap Rate 7%
$521,386
$521.4K
Cap Rate 9%
$405,522
$405.5K
Market Conditions
NOI Build-Up for 3,257 SF
Gross rent
$56.7K $17.40/SF
− Vacancy
−$4.5K −$1.39/SF
EGI
$52.1K $16.01/SF
− OpEx
−$15.6K −$4.80/SF
NOI
$36.5K $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%
$729,940
Cap Rate 7%
$521,386
Cap Rate 9%
$405,522
Alternative Uses
Best Use
Multifamily LT 5
$521.4K
$456.2K – $608.3K
NOI $36,497 @ 7.0% cap · market cap 5.98%
Second Best
Apartment 5plus
$478.1K
$418.3K – $557.8K
NOI $33,467 @ 7.0% cap · market cap 5.49%
Theoretical Best
Office A
$846.1K
$740.3K – $987.1K
NOI $59,226 @ 7.0% cap · market cap 9.71%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Lease Details
4
Residential units
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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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit property with a detached casita, garage/workshop, multiple storage units, and on-site parking.
Where is this quadplex located?
The property is located at 1555 E Bernard Dr Tucson, AZ.
What is the asking price?
The asking price for this property is $610,000.
What are key features of this property?
This property features: Four‑unit property with Unit A, Unit B, Unit D, and detached casita Unit C; Unit A: 1,375ft², 3/2 layout with loft; Unit B: 1,057ft², 2/2 layout with loft
