Duplex with Fenced
For Sale
$275,000
1651 N Magnolia Ave, Tucson, AZ 85712
Rear storage area is enclosed by fencing for controlled access and organization.
Property Size1,537 SF
Price / SF$178.92
Days on Market83
Property Features for 1651 N Magnolia Ave
General Information
Standard status
Active
Size
1,537 SF
Additional Details
Multifamily Units
2
Amenities
fenced storage area
Building Details
Year Built
1947
Listing Agency:
SimpliHom, INC
Listed By:
James Cecil Buchanan
(888) 897-7821
Source:
Wowrealestate
Added: Jul 25
Changed: Oct 11
Last Checked: Oct 15 at 3:31AM
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 SimpliHom, INC
Investment Insights
Based on property information with market context.
This duplex was built in 1947 and includes a fenced storage area at the rear of the property. The property is located at 1651 N Magnolia Ave in Tucson, Arizona, with a reported property size of 1,537.
Key Highlights
- Duplex property
- Fenced storage area at the rear
- Built in 1947
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,223
Cap Rate
6.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$344,460
$344.5K
Cap Rate 7%
$246,043
$246.0K
Cap Rate 9%
$191,367
$191.4K
Market Conditions
NOI Build-Up for 1,537 SF
Gross rent
$26.7K $17.40/SF
− Vacancy
−$2.1K −$1.39/SF
EGI
$24.6K $16.01/SF
− OpEx
−$7.4K −$4.80/SF
NOI
$17.2K $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%
$344,460
Cap Rate 7%
$246,043
Cap Rate 9%
$191,367
Alternative Uses
Best Use
Multifamily LT 5
$246.0K
$215.3K – $287.1K
NOI $17,223 @ 7.0% cap · market cap 6.26%
Second Best
Apartment 5plus
$225.6K
$197.4K – $263.2K
NOI $15,793 @ 7.0% cap · market cap 5.74%
Theoretical Best
Office A
$399.3K
$349.4K – $465.8K
NOI $27,949 @ 7.0% cap · market cap 10.16%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,150
Businesses Nearby
Explore this area
Business Placement
Demographics for 85712, AZ
33,108
Population
18,215
Households
1.8
Avg Household Size
44
Median Age
37%
College-Educated
90%
High-School Grad
6.8 sq mi
ZIP Area
4,869
Density / Sq Mi
$48,185
Median Household Income
$39,090
Median Earnings
$947
Median Rent
$250,400
Median Home Value
Check the figures for this property
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 - Rear storage area is enclosed by fencing for controlled access and organization.
Where is this duplex located?
The property is located at 1651 N Magnolia Ave Tucson, AZ.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: Duplex property; Fenced storage area at the rear; Built in 1947
