Two-Unit Duplex with Guest
For Sale
$329,900
207 W Tennessee St, Tucson, AZ 85714
Two residences provide flexible living arrangements, separate water meters, and laundry hookups for both units.
Property Size2,222 SF
Price / SF$148.47
Days on Market19
Property Features for 207 W Tennessee St
General Information
Standard status
Active
Size
2,222 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x 3BR/1.5BA, 1 x 3BR/1BA
Multifamily Units
2
Building Details
Year Built
1961
Buildings
2
Listing Agency:
Paul McComb Realty
Listed By:
Paul McComb · License #BR507894000
(520) 240-3949
Source:
Exploretucsonproperties
Added: Aug 15
Changed: Sep 1
Last Checked: Sep 1 at 10:25PM
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 Paul McComb Realty
Investment Insights
Based on property information with market context.
This duplex property contains 2,222 square feet across two residences. The primary home offers 3 bedrooms, 1.5 bathrooms, an eat-in kitchen, and an expansive living room. A second residence adds 3 bedrooms, 1 bathroom, a living area, a kitchen with adjoining dining space, and its own laundry hookups. Both units are supported by separate washing machine connections, while the property includes two water meters and a substantial driveway.
Located at 207 W Tennessee St in Tucson, the property was built in 1961. Residents are responsible for water, sewer, trash, gas, and electric service, providing separate utility responsibility for the two-unit configuration.
Located at 207 W Tennessee St in Tucson, the property was built in 1961. Residents are responsible for water, sewer, trash, gas, and electric service, providing separate utility responsibility for the two-unit configuration.
Key Highlights
- 2,222 square feet across two residential units
- Primary home includes 3 bedrooms and 1.5 bathrooms
- Second residence features 3 bedrooms and 1 bathroom
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
$24,899
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
7.55%
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%
$497,980
$498.0K
Cap Rate 7%
$355,700
$355.7K
Cap Rate 9%
$276,656
$276.7K
Market Conditions
NOI Build-Up for 2,222 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
$38.7K $17.40/SF
− Vacancy
−$3.1K −$1.39/SF
EGI
$35.6K $16.01/SF
− OpEx
−$10.7K −$4.80/SF
NOI
$24.9K $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%
$497,980
Cap Rate 7%
$355,700
Cap Rate 9%
$276,656
Alternative Uses
Best Use
Multifamily LT 5
$355.7K
$311.2K – $415.0K
NOI $24,899 @ 7.0% cap · market cap 7.55%
Second Best
Apartment 5plus
$326.2K
$285.4K – $380.5K
NOI $22,832 @ 7.0% cap · market cap 6.92%
Theoretical Best
Office A
$577.2K
$505.1K – $673.4K
NOI $40,406 @ 7.0% cap · market cap 12.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
696
Businesses Nearby
Explore this area
Business Placement
Demographics for 85714, AZ
14,232
Population
5,589
Households
2.5
Avg Household Size
38
Median Age
10%
College-Educated
69%
High-School Grad
5.6 sq mi
ZIP Area
2,541
Density / Sq Mi
$47,093
Median Household Income
$30,204
Median Earnings
$879
Median Rent
$177,100
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?
Duplex - Two residences provide flexible living arrangements, separate water meters, and laundry hookups for both units.
Where is this duplex located?
The property is located at 207 W Tennessee St Tucson, AZ.
What is the asking price?
The asking price for this property is $329,900.
What are key features of this property?
This property features: 2,222 square feet across two residential units; Primary home includes 3 bedrooms and 1.5 bathrooms; Second residence features 3 bedrooms and 1 bathroom
