Five-Unit Apartment
For Sale
$350,000
16673 N Ave Del Oro, Tucson, AZ 85739
Residential Income, Affixed Mobile Home, Tucson, AZ
Property Size1,500 SF
Lot Size0.28 Acres
Price / SF$233.33
Days on Market93
Property Features for 16673 N Ave Del Oro
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
Pima County - CMH2
Parking
40
Patio and Porch features
Patio
Fencing
Chain Link
Subdivision
Lariat Estates NO. 2 (1-33)
Lot features
Decorative Gravel, Adjacent to Alley
Elementary school
Coronado K-8
Middle school
Coronado K-8
High school
Canyon Del Oro
Elementary school district
Amphitheater
Middle school district
Amphitheater
High school district
Amphitheater
Directions
From the intersection of Tangerine Road and Oracle Road, head north on Oracle Road (AZ-77) for approximately 9 miles. Turn right onto East Pinto Road and continue for about 0.3 miles. Turn left onto North Avenida Del Oro and proceed north approximately 0.2 miles. The property, 16673 N Avenida Del Oro, will be located on your right-hand side
Standard status
Active
APN
222-16-0860
Size
1,500 SF
Lot size
0.28 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LARIAT ESTATES LOT 73
Legal Description
LARIAT ESTATES LOT 73
Utilities
Heating system
Propane (Heating), Forced Air
Cooling system
Wall Unit(s)
Amenities
fenced commercial lot
Building Details
Year built
1971
Number of units
2
Flooring type
Vinyl
Building materials
Frame
Roof type
Built-Up
Architectural style
Other
Listing Agency:
RE/MAX Excalibur Realty · RE/MAX International
(520) 461-1255
Listed By:
Wilson James Bliss Troxel
(520) 273-9554
Added: Jul 23
Changed: Oct 11
Last Checked: Oct 23 at 11:06PM
MLS# 22617969
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 apartment property contains 1,500 square feet and five income-producing units: three studios, one one-bedroom, one-bath unit, and one two-bedroom, one-bath unit. Built in 1971, the improvements feature frame construction, vinyl flooring, forced-air and propane heating, wall-unit cooling, a patio, chain-link fencing, and a built-up roof.
The property also includes an adjacent, fully fenced commercial lot. Pima County - CMH2 zoning is identified for the site, while the additional lot area provides space associated with commercial use, including equipment storage or workshop operations. The property is located at 16673 N Ave Del Oro in Tucson, Arizona.
The property also includes an adjacent, fully fenced commercial lot. Pima County - CMH2 zoning is identified for the site, while the additional lot area provides space associated with commercial use, including equipment storage or workshop operations. The property is located at 16673 N Ave Del Oro in Tucson, Arizona.
Key Highlights
- Five income‑producing units: three studios, one 1‑bedroom/1‑bath, and one 2‑bedroom/1‑bath
- 1,500 square feet of apartment space on 0.28 acres
- Adjacent fully fenced commercial lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,413
Cap Rate
4.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$308,260
$308.3K
Cap Rate 7%
$220,186
$220.2K
Cap Rate 9%
$171,256
$171.3K
Market Conditions
NOI Build-Up for 1,500 SF
Gross rent
$30.6K $20.40/SF
− Vacancy
−$2.6K −$1.72/SF
EGI
$28.0K $18.68/SF
− OpEx
−$12.6K −$8.41/SF
NOI
$15.4K $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%
$308,260
Cap Rate 7%
$220,186
Cap Rate 9%
$171,256
Alternative Uses
Best Use
Apartment 5plus
$220.2K
$192.7K – $256.9K
NOI $15,413 @ 7.0% cap · market cap 4.40%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$389.7K
$341.0K – $454.6K
NOI $27,276 @ 7.0% cap · market cap 7.79%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
5
Residential units
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
114
Businesses Nearby
Explore this area
Business Placement
Demographics for 85739, AZ
18,878
Population
9,858
Households
1.9
Avg Household Size
66
Median Age
42%
College-Educated
95%
High-School Grad
255.7 sq mi
ZIP Area
74
Density / Sq Mi
$84,863
Median Household Income
$39,220
Median Earnings
$1,648
Median Rent
$394,000
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Mixed studio and one- and two-bedroom layouts are paired with a separately fenced commercial lot.
Where is this apartment building located?
The property is located at 16673 N Ave Del Oro Tucson, AZ.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Five income‑producing units: three studios, one 1‑bedroom/1‑bath, and one 2‑bedroom/1‑bath; 1,500 square feet of apartment space on 0.28 acres; Adjacent fully fenced commercial lot
