Fully Occupied Multifamily
For Sale
Contact for pricing
2050 N Campbell Ave, Tucson, AZ 85719
Rental properties positioned near the University of Arizona and Banner Medical Center have maintained full occupancy.
Property Size14,903 SF
Price / SF$261.63
Days on Market154
Property Features for 2050 N Campbell Ave
General Information
Standard status
Active
Size
14,903 SF
Class
B
Property subtype
Multifamily
Occupancy
100%
Investment Type
Stabilized
Net Operating Income
$288,780
Building Details
Buildings
7
Stories
1
Units
10
Listing Agency:
Ambrell Realty, LLC
Listed By:
Jeff Ell · License #BR570841000
Source:
Crexi
Added: Apr 1
Changed: Aug 30
Last Checked: Sep 1 at 12:58AM
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 Ambrell Realty, LLC
Investment Insights
Based on property information with market context.
This multifamily portfolio is located at 2050 N Campbell Ave in Tucson, Arizona, near the University of Arizona and Banner Medical Center. The properties have been assembled over more than 20 years, with each asset selected for its location, lot size, and floorplan.
Every unit has remained 100% occupied since being added to the portfolio, and leases have been renewed before expiration. The portfolio offers an established rental operation with documented full occupancy across the units.
Every unit has remained 100% occupied since being added to the portfolio, and leases have been renewed before expiration. The portfolio offers an established rental operation with documented full occupancy across the units.
Key Highlights
- 100% unit occupancy since each property was added to the portfolio
- Portfolio assembled over 20+ years
- Located near the University of Arizona and Banner Medical Center
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
$153,132
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
3.93%
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%
$3,062,640
$3.1M
Cap Rate 7%
$2,187,600
$2.2M
Cap Rate 9%
$1,701,467
$1.7M
Market Conditions
NOI Build-Up for 14,903 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
$304.0K $20.40/SF
− Vacancy
−$25.6K −$1.72/SF
EGI
$278.4K $18.68/SF
− OpEx
−$125.3K −$8.41/SF
NOI
$153.1K $10.28/SF
Area
Tucson, AZ
Vacancy
8.42%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
45.00%
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%
$3,062,640
Cap Rate 7%
$2,187,600
Cap Rate 9%
$1,701,467
Alternative Uses
Best Use
Apartment 5plus
$2.19M
$1.91M – $2.55M
NOI $153,132 @ 7.0% cap · market cap 3.93%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.87M
$3.39M – $4.52M
NOI $271,001 @ 7.0% cap · market cap 6.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,292
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Multifamily property - Rental properties positioned near the University of Arizona and Banner Medical Center have maintained full occupancy.
Where is this multifamily property located?
The property is located at 2050 N Campbell Ave Tucson, AZ.
What is the asking price?
The asking price for this property is $3,899,000.
What are key features of this property?
This property features: 100% unit occupancy since each property was added to the portfolio; Portfolio assembled over 20+ years; Located near the University of Arizona and Banner Medical Center
