Duplex with Central
1815 S Van Buren Avenue, Tucson, AZ 85711
For Sale
$367,000
Forced-air heating, a gas range, refrigerator, washer, and dryer are among the included features.
Property Size1,782 SF
Price / SF$205.95
Days on Market27
Property Features for 1815 S Van Buren Avenue
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Net Operating Income
Site & Location
Neighborhood
Additional Details
Multifamily Units
Amenities
Central Air, Ceiling Fan(s)
Forced Air
Gas Range, Refrigerator, Dryer, Washer, Gas Water Heater
Contemporary
Building Details
Building Size
Year Built
Listed By:
Stephanie M Urban
(520) 380-6806
Source:
Evrealestate
Added: Oct 19
Changed: Nov 7
Last Checked: Nov 12 at 7:36AM
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 Stephanie M Urban
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Investment Insights
Based on property information with market context.
This Tucson duplex contains 1,782 square feet and was built in 1980. Its features include central air conditioning, ceiling fans, forced-air heating, a gas range, a refrigerator, a washer, a dryer, and a gas water heater. The property is zoned Tucson - R2.
Key Highlights
- 1,782 square feet of property area
- Built in 1980
- Central air conditioning and ceiling fans
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,968
Cap Rate
5.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$399,360
$399.4K
Cap Rate 7%
$285,257
$285.3K
Cap Rate 9%
$221,867
$221.9K
Market Conditions
NOI Build-Up for 1,782 SF
Gross rent
$31.0K $17.40/SF
− Vacancy
−$2.5K −$1.39/SF
EGI
$28.5K $16.01/SF
− OpEx
−$8.6K −$4.80/SF
NOI
$20.0K $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%
$399,360
Cap Rate 7%
$285,257
Cap Rate 9%
$221,867
Alternative Uses
Best Use
Multifamily LT 5
$285.3K
$249.6K – $332.8K
NOI $19,968 @ 7.0% cap · market cap 5.44%
Second Best
Apartment 5plus
$261.6K
$228.9K – $305.2K
NOI $18,311 @ 7.0% cap · market cap 4.99%
Theoretical Best
Office A
$462.9K
$405.1K – $540.1K
NOI $32,404 @ 7.0% cap · market cap 8.83%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
641
Businesses Nearby
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Business Placement
Demographics for 85711, AZ
41,518
Population
19,774
Households
2.1
Avg Household Size
39
Median Age
30%
College-Educated
88%
High-School Grad
8.6 sq mi
ZIP Area
4,828
Density / Sq Mi
$52,358
Median Household Income
$35,130
Median Earnings
$1,001
Median Rent
$248,600
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Tucson, AZ
Properties on Market for Duplexes in Tucson
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Forced-air heating, a gas range, refrigerator, washer, and dryer are among the included features.
Where is this duplex located?
The property is located at 1815 S Van Buren Avenue Tucson, AZ.
What is the asking price?
The asking price for this property is $367,000.
What are key features of this property?
This property features: 1,782 square feet of property area; Built in 1980; Central air conditioning and ceiling fans
