Two-Home Multifamily
For Sale
$295,000
2039 E Glenn St, Tucson, AZ 85719
Two residences provide flexible options for owner occupancy, extended-family living, or leasing arrangements.
Property Size2,176 SF
Price / SF$135.57
Days on Market88
Property Features for 2039 E Glenn St
General Information
Standard status
Active
Size
2,176 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Building Details
Year Built
1959
Buildings
2
Listing Agency:
Keller Williams Southern Arizona
Listed By:
David Urbaniak
(520) 440-9229
Source:
Collaborative-agents
Added: Jul 20
Changed: Oct 7
Last Checked: Oct 7 at 12:55PM
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 multifamily property at 2039 E Glenn St includes a 3-bedroom, 2-bath main residence and a recently remodeled guest house, totaling 2,176 square feet. The primary home offers tile flooring, a fireplace, ceiling fans, a kitchen island, tile backsplash, bonus Arizona room, and included appliances. The guest house has a private entrance, courtyard, backyard, laundry room, custom cabinetry, oversized tile shower, walk-in closet, large-format tile flooring, and its own fireplace.
Built in 1959, the property has newer HVAC systems serving the main home and guest house, installed in 2018 and 2019, respectively. It is located 2 miles north of the U of A and has no HOA. The two-residence configuration supports owner occupancy with separate leasing, leasing both homes, or extended-family use.
Built in 1959, the property has newer HVAC systems serving the main home and guest house, installed in 2018 and 2019, respectively. It is located 2 miles north of the U of A and has no HOA. The two-residence configuration supports owner occupancy with separate leasing, leasing both homes, or extended-family use.
Key Highlights
- Two residences totaling 2,176 square feet
- Main home includes 3 bedrooms, 2 baths, fireplace, Arizona room, kitchen island, and included appliances
- Recently remodeled guest house with private entrance, courtyard, backyard, and laundry room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,383
Cap Rate
8.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$487,660
$487.7K
Cap Rate 7%
$348,329
$348.3K
Cap Rate 9%
$270,922
$270.9K
Market Conditions
NOI Build-Up for 2,176 SF
Gross rent
$37.9K $17.40/SF
− Vacancy
−$3.0K −$1.39/SF
EGI
$34.8K $16.01/SF
− OpEx
−$10.5K −$4.80/SF
NOI
$24.4K $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%
$487,660
Cap Rate 7%
$348,329
Cap Rate 9%
$270,922
Alternative Uses
Best Use
Multifamily LT 5
$348.3K
$304.8K – $406.4K
NOI $24,383 @ 7.0% cap · market cap 8.27%
Second Best
Apartment 5plus
$319.4K
$279.5K – $372.7K
NOI $22,359 @ 7.0% cap · market cap 7.58%
Theoretical Best
Office A
$565.3K
$494.6K – $659.5K
NOI $39,569 @ 7.0% cap · market cap 13.41%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,307
Businesses Nearby
Explore this area
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
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Frequently Asked Questions
What type of property is this?
Multifamily property - Two residences provide flexible options for owner occupancy, extended-family living, or leasing arrangements.
Where is this multifamily property located?
The property is located at 2039 E Glenn St Tucson, AZ.
What is the asking price?
The asking price for this property is $295,000.
What are key features of this property?
This property features: Two residences totaling 2,176 square feet; Main home includes 3 bedrooms, 2 baths, fireplace, Arizona room, kitchen island, and included appliances; Recently remodeled guest house with private entrance, courtyard, backyard, and laundry room
