Single-Story
For Sale
$297,000
2001 S 3rd Avenue, Tucson, AZ 85713
The two-unit layout allows one unit to be occupied while improvements are made to the adjoining unit.
Property Size1,565 SF
Lot Size0.16 Acres
Price / SF$189.78
Days on Market180
Property Features for 2001 S 3rd Avenue
General Information
Standard status
Active
Size
1,565 SF
Lot size
0.16 Acres
Property subtype
Duplex
Additional Details
Public Transit
Yes
Multifamily Units
2
Amenities
Security System
Natural Gas
Forced Air
Central Air
Gas Range
Refrigerator
Sewer Connected, Phone Connected, Built-Up - Reflect
Building Details
Year Built
1972
Buildings
1
Stories
1
Listing Agency:
Keller Williams Southern Arizona
Listed By:
Kimberly Maisto · License #SA684526000
(520) 270-3939
Source:
Kw
Added: Apr 19
Changed: Oct 15
Last Checked: Oct 14 at 8:39PM
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 Keller Williams Southern Arizona
Investment Insights
Based on property information with market context.
This one-story duplex contains 1,565 square feet across two units on a 6,970-square-foot lot. The configuration supports occupying one side while work is completed on the adjoining unit, offering flexibility for an owner-user, household arrangement, or future rental use. Built in 1972, the property presents a residential income asset with room for improvements.
Shopping, local markets, and daily necessities are within walking distance. Additional dining, grocery, and retail options are located along S 6th Avenue, while schools, parks, major roadways, and public transportation are also nearby. The property is at 2001 S 3rd Ave in Tucson, Arizona 85713.
Shopping, local markets, and daily necessities are within walking distance. Additional dining, grocery, and retail options are located along S 6th Avenue, while schools, parks, major roadways, and public transportation are also nearby. The property is at 2001 S 3rd Ave in Tucson, Arizona 85713.
Key Highlights
- 1,565‑square‑foot duplex with two units
- 6,970‑square‑foot lot
- Single‑story layout built in 1972
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,481
Cap Rate
5.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$309,620
$309.6K
Cap Rate 7%
$221,157
$221.2K
Cap Rate 9%
$172,011
$172.0K
Market Conditions
NOI Build-Up for 1,565 SF
Gross rent
$24.0K $15.36/SF
− Vacancy
−$1.9K −$1.23/SF
EGI
$22.1K $14.13/SF
− OpEx
−$6.6K −$4.24/SF
NOI
$15.5K $9.89/SF
Area
ZIP 85713
Vacancy
8.00%
Lease Rate
$15.36 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$309,620
Cap Rate 7%
$221,157
Cap Rate 9%
$172,011
Alternative Uses
Best Use
Multifamily LT 5
$221.2K
$193.5K – $258.0K
NOI $15,481 @ 7.0% cap · market cap 5.21%
Second Best
Apartment 5plus
$204.1K
$178.6K – $238.1K
NOI $14,284 @ 7.0% cap · market cap 4.81%
Theoretical Best
Office A
$383.1K
$335.2K – $447.0K
NOI $26,818 @ 7.0% cap · market cap 9.03%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
862
Businesses Nearby
Explore this area
Business Placement
Demographics for 85713, AZ
46,810
Population
19,056
Households
2.5
Avg Household Size
38
Median Age
21%
College-Educated
79%
High-School Grad
23.8 sq mi
ZIP Area
1,967
Density / Sq Mi
$50,264
Median Household Income
$32,302
Median Earnings
$1,017
Median Rent
$171,700
Median Home Value
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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 - The two-unit layout allows one unit to be occupied while improvements are made to the adjoining unit.
Where is this duplex located?
The property is located at 2001 S 3rd Avenue Tucson, AZ.
What is the asking price?
The asking price for this property is $297,000.
What are key features of this property?
This property features: 1,565‑square‑foot duplex with two units; 6,970‑square‑foot lot; Single‑story layout built in 1972
