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Triplex with Private Yards
For Sale
$975,555

1733 E Lester Street, Tucson, AZ 85719

Residential Income, Contemporary, Southwestern, Tucson, AZ

Property Size4,677 SF
Lot Size0.26 Acres
Price / SF$208.59
Days on Market97

Property Features for 1733 E Lester Street

General Information

Property type Residential Multi Family
Property subtype Triplex
Zoning Tucson - R2
Parking 8
Window features Double Pane Windows
Patio and Porch features Patio
Interior features Walk-In Closet(s)
Exterior features Balcony, Courtyard
Appliances Double Sink, Gas Range, Dishwasher, Refrigerator
Subdivision Jefferson Park
Lot features Decorative Gravel, Adjacent to Alley, North/ South Exposure
Elementary school Blenman
Middle school Doolen
High school Catalina
Elementary school district TUSD
Middle school district TUSD
High school district TUSD
Directions From Grant & Campbell, head south on Campbell, make a right, then right on Lester. Home will be on the right.
Standard status Active
APN 113-11-2340
Size 4,677 SF
Lot size 0.26 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description Jefferson Park Lot 14 & W2 Of Lot 15 Blk 41
Legal Description Jefferson Park Lot 14 & W2 Of Lot 15 Blk 41

Utilities

Heating system Forced Air, Electric (Heating)
Cooling system Central Air
Water source Public

Amenities

private yard
wraparound deck
mountain views

Building Details

Year built 1946
Number of units 3
Flooring type Carpet, Concrete, Tile - Ceramic
Building materials Masonry Stucco
Roof type Built-Up, Shingle
Architectural style Contemporary
Listing Agency: Tierra Antigua Realty
Listed By: Rachel Spears
Added: Jul 16 Changed: Oct 5 Last Checked: Oct 20 at 12:06AM
MLS# 22617597

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 Tucson triplex comprises two detached single-family residences and a separate casita, with 4,677 square feet arranged across three living spaces. The property includes 7 bedrooms and 5 bathrooms, along with private yards for each residence. Interior features include walk-in closets, ceramic tile, carpet, concrete flooring, central air, and electric forced-air heating. Kitchens are equipped with gas ranges, dishwashers, refrigerators, and double sinks. Built in 1946, the property has masonry stucco construction, built-up and shingle roofing, patios, a balcony, and a courtyard.

Located at 1733 E Lester Street, the property is within walking distance of Banner University Medical Center and the University of Arizona. Zoning is Tucson - R2. Off-street parking accommodates approximately 8-12 vehicles, and a wraparound deck provides Catalina Mountain views.

Key Highlights

  • Triplex configuration with two detached homes and a separate casita
  • 7 bedrooms and 5 bathrooms across 4,677 square feet
  • Each residence includes its own private yard

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 (±1% cap)
NOI $52,409 @ 7.0% cap · market cap 5.37%
Second Best
Apartment 5plus
$686.5K
$600.7K – $801.0K (±1% cap)
NOI $48,057 @ 7.0% cap · market cap 4.93%
Theoretical Best
Office A
$1.21M
$1.06M – $1.42M (±1% cap)
NOI $85,048 @ 7.0% cap · market cap 8.72%
Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Lease Details

3
Residential units

Location Intelligence

Trade Area within ½ mile

2,525
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025

Frequently Asked Questions

What type of property is this?
Triplex - Three separate residences offer independent outdoor areas near major university and medical facilities.
Where is this triplex located?
The property is located at 1733 E Lester Street 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: Triplex configuration with two detached homes and a separate casita; 7 bedrooms and 5 bathrooms across 4,677 square feet; Each residence includes its own private yard
More about this property
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