Triplex with Private
For Sale
$975,555
1733 E Lester St, Tucson, AZ 85719
Three separate residences provide a mix of detached living spaces in a central Tucson setting.
Property Size4,677 SF
Price / SF$208.59
Days on Market153
Property Features for 1733 E Lester St
General Information
Standard status
Active
Size
4,677 SF
Total Parking Spaces
12
Property subtype
Multi-Family
Site & Location
Neighborhood
Jefferson Park
Additional Details
Multifamily Units
3
Amenities
private yard
wraparound deck
Building Details
Year Built
1946
Listing Agency:
Tierra Antigua Realty
Listed By:
Rachel Spears · License #SA718166000
(520) 982-2084
Source:
Seetucsonhouses
Added: Jun 3
Changed: Nov 1
Last Checked: Nov 1 at 6:09AM
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
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Investment Insights
Based on property information with market context.
This 4,677-square-foot triplex comprises two detached single-family homes and a separate casita, with a combined 7 bedrooms and 5 bathrooms. Each residence has its own yard. A wraparound deck offers views of the Catalina Mountains, and off-street parking accommodates approximately 8–12 vehicles. Built in 1946, the property is zoned Tucson - R2.
Banner University Medical Center and the University of Arizona are within walking distance.
Banner University Medical Center and the University of Arizona are within walking distance.
Key Highlights
- Two detached homes and a separate casita
- 7 bedrooms and 5 bathrooms across 4,677 square feet
- Individual yards for each residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,409
Cap Rate
5.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,048,180
$1.0M
Cap Rate 7%
$748,700
$748.7K
Cap Rate 9%
$582,322
$582.3K
Market Conditions
NOI Build-Up for 4,677 SF
Gross rent
$81.4K $17.40/SF
− Vacancy
−$6.5K −$1.39/SF
EGI
$74.9K $16.01/SF
− OpEx
−$22.5K −$4.80/SF
NOI
$52.4K $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%
$1,048,180
Cap Rate 7%
$748,700
Cap Rate 9%
$582,322
Alternative Uses
Best Use
Multifamily LT 5
$748.7K
$655.1K – $873.5K
NOI $52,409 @ 7.0% cap · market cap 5.37%
Second Best
Apartment 5plus
$686.5K
$600.7K – $801.0K
NOI $48,057 @ 7.0% cap · market cap 4.93%
Theoretical Best
Office A
$1.21M
$1.06M – $1.42M
NOI $85,048 @ 7.0% cap · market cap 8.72%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
2,525
Businesses Nearby
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Business Placement
Demographics for 85719, AZ
46,242
Population
21,707
Households
2.1
Avg Household Size
27
Median Age
46%
College-Educated
93%
High-School Grad
8.0 sq mi
ZIP Area
5,780
Density / Sq Mi
$41,086
Median Household Income
$17,430
Median Earnings
$1,051
Median Rent
$266,900
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Triplex - Three separate residences provide a mix of detached living spaces in a central Tucson setting.
Where is this triplex located?
The property is located at 1733 E Lester St Tucson, AZ.
What is the asking price?
The asking price for this property is $975,555.
What are key features of this property?
This property features: Two detached homes and a separate casita; 7 bedrooms and 5 bathrooms across 4,677 square feet; Individual yards for each residence
