Remodeled Two-Unit
For Sale
$315,000
2112 E 18th St, Tucson, AZ 85719
Updated duplex with separate living spaces and flexible occupancy options near parks, shopping, dining, and daily services.
Property Size1,250 SF
Price / SF$252
Days on Market67
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Property Features for 2112 E 18th St
General Information
Standard status
Active
Size
1,250 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x 2BR/1BA approx 750 sq ft, 1 x 1BR/1BA approx 500 sq ft
Multifamily Units
2
Building Details
Year Built
1949
Listing Agency:
Realty Executives Arizona Territory
Listed By:
Valerie Lovio
(520) 490-0367
Source:
Wowrealestate
Added: Aug 10
Changed: Oct 4
Last Checked: Oct 7 at 3:28PM
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 Realty Executives Arizona Territory
Investment Insights
Based on property information with market context.
Built in 1949, this duplex at 2112 E 18th St in Tucson includes two independent residential units totaling approximately 1,250 square feet. The larger residence offers 2 bedrooms and 1 bathroom across approximately 750 square feet, while the second includes 1 bedroom and 1 bathroom within approximately 500 square feet. Both units have undergone recent remodeling, providing separate living arrangements within the property.
The property is near Reid Park and El Con Mall, with shopping, dining, and everyday conveniences in the surrounding area. Its two-unit configuration supports separate occupancy and provides flexibility for residential rental use, short-term rental use, or an owner-occupant arrangement with another unit on the property.
The property is near Reid Park and El Con Mall, with shopping, dining, and everyday conveniences in the surrounding area. Its two-unit configuration supports separate occupancy and provides flexibility for residential rental use, short-term rental use, or an owner-occupant arrangement with another unit on the property.
Key Highlights
- Two‑unit duplex totaling approximately 1,250 square feet
- 2‑bedroom, 1‑bathroom unit with approximately 750 sq ft
- 1‑bedroom, 1‑bathroom unit with approximately 500 sq ft
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,007
Cap Rate
4.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$280,140
$280.1K
Cap Rate 7%
$200,100
$200.1K
Cap Rate 9%
$155,633
$155.6K
Market Conditions
NOI Build-Up for 1,250 SF
Gross rent
$21.8K $17.40/SF
− Vacancy
−$1.7K −$1.39/SF
EGI
$20.0K $16.01/SF
− OpEx
−$6.0K −$4.80/SF
NOI
$14.0K $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%
$280,140
Cap Rate 7%
$200,100
Cap Rate 9%
$155,633
Alternative Uses
Best Use
Multifamily LT 5
$200.1K
$175.1K – $233.5K
NOI $14,007 @ 7.0% cap · market cap 4.45%
Second Best
Apartment 5plus
$183.5K
$160.6K – $214.1K
NOI $12,844 @ 7.0% cap · market cap 4.08%
Theoretical Best
Office A
$324.7K
$284.1K – $378.8K
NOI $22,730 @ 7.0% cap · market cap 7.22%
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
767
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
Frequently Asked Questions
What type of property is this?
Duplex - Updated duplex with separate living spaces and flexible occupancy options near parks, shopping, dining, and daily services.
Where is this duplex located?
The property is located at 2112 E 18th St Tucson, AZ.
What is the asking price?
The asking price for this property is $315,000.
What are key features of this property?
This property features: Two‑unit duplex totaling approximately 1,250 square feet; 2‑bedroom, 1‑bathroom unit with approximately 750 sq ft; 1‑bedroom, 1‑bathroom unit with approximately 500 sq ft
