Two-Home Duplex
For Sale
$295,000
2039 E Glenn Street, Tucson, AZ 85719
Residential Income, Ranch, Tucson, AZ
Property Size2,176 SF
Lot Size0.22 Acres
Price / SF$135.57
Days on Market80
Property Features for 2039 E Glenn Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
Tucson - R2
Parking
8
Parking features
Driveway
Patio and Porch features
Patio
Interior features
Kitchen Island
Fencing
Chain Link
Appliances
Electric Range, Disposal, Refrigerator
Subdivision
Shaheen Estates
Lot features
North/ South Exposure
Elementary school
Cragin
Middle school
Doolen
High school
Catalina
Elementary school district
TUSD
Middle school district
TUSD
High school district
TUSD
Directions
East on Glenn from Campbell to address, North side of Glenn.
Standard status
Active
APN
112051580
Size
2,176 SF
Lot size
0.22 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Parcel:001010010 /Shaheen Estates Lot 11 Blk 1
Legal Description
Parcel:001010010 /Shaheen Estates Lot 11 Blk 1
Utilities
Heating system
Forced Air, Natural Gas
Cooling system
Central Air
Water source
Public
Amenities
fireplace
Arizona room
courtyard
laundry room
custom cabinetry
walk-in closet
Building Details
Year built
1959
Number of units
2
Flooring type
Tile - Ceramic, Concrete
Building materials
Brick
Roof type
Shingle
Architectural style
Ranch
Listing Agency:
Keller Williams Southern Arizona · Keller Williams Realty
(520) 615-8400
Listed By:
David Urbaniak
(520) 440-9229
Added: Jul 15
Changed: Sep 29
Last Checked: Oct 2 at 5:06AM
MLS# 22617501
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.
Investment Insights
Based on property information with market context.
This duplex property contains two separate homes on a 0.22-acre lot, with 2,176 square feet of combined building area. The main residence offers three bedrooms, two bathrooms, a fireplace, and an Arizona room off the kitchen. Its kitchen includes an island, tile backsplash, electric range, refrigerator, and disposal. Ceramic tile and scored concrete are among the interior finishes. The remodeled guest home has a private entrance, laundry room, walk-in closet, custom cabinetry, an oversized tile shower, and a fireplace. Both homes have central air and newer HVAC systems: the main home’s system dates to 2018, and the guest home’s to 2019.
The property is in Tucson and is zoned Tucson - R2. Additional site and building features include driveway parking, a patio, chain-link fencing, brick construction, and a shingle roof. The property was built in 1959, and public water serves the site.
The property is in Tucson and is zoned Tucson - R2. Additional site and building features include driveway parking, a patio, chain-link fencing, brick construction, and a shingle roof. The property was built in 1959, and public water serves the site.
Key Highlights
- Two separate homes with 2,176 square feet of combined building area
- 0.22‑acre lot zoned Tucson - R2
- Main home has 3 bedrooms, 2 bathrooms, an Arizona room, and a fireplace
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$24,383
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.27%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
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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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - A detached guest residence has its own entrance, courtyard, backyard, and laundry room.
Where is this duplex located?
The property is located at 2039 E Glenn Street 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 separate homes with 2,176 square feet of combined building area; 0.22‑acre lot zoned Tucson - R2; Main home has 3 bedrooms, 2 bathrooms, an Arizona room, and a fireplace
