Remodeled Duplex with Enclosed
For Sale
$315,000
2112 E 18th Street, Tucson, AZ 85719
Residential Income, Ranch, Tucson, AZ
Property Size1,250 SF
Lot Size0.14 Acres
Price / SF$252
Days on Market148
Property Features for 2112 E 18th Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
Tucson - R2
Parking
5
Window features
Double Pane Windows
Patio and Porch features
Patio
Interior features
Beamed Ceilings
Exterior features
Built-in Barbecue
Fencing
Chain Link
Appliances
Double Sink, Gas Range, Dishwasher, Disposal
Subdivision
Country Club Manor
Lot features
Subdivided
Elementary school
Robison
Middle school
Mansfeld
High school
Tucson
Elementary school district
TUSD
Middle school district
TUSD
High school district
TUSD
Directions
From Broadway & Campbell, go East on Broadway, south on Plumer, West on 18th to the property.
Standard status
Active
APN
129-05-3280
Size
1,250 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
COUNTRY CLUB MANOR LOT 7 BLK 22
Legal Description
COUNTRY CLUB MANOR LOT 7 BLK 22
Utilities
Heating system
Radiant, Wall Furnace
Cooling system
Wall Unit(s), Ceiling Fan(s)
Water source
Public
Amenities
enclosed yard
Building Details
Year built
1949
Number of units
2
Flooring type
Tile - Ceramic
Building materials
Masonry Stucco
Roof type
Built-Up, Shingle
Architectural style
Ranch
Listing Agency:
Realty Executives Arizona Territory · Realty Executives International
(520) 877-4940
Listed By:
Valerie Lovio
(520) 490-0367
Added: Mar 27
Changed: Aug 21
Last Checked: Aug 21 at 8:06PM
MLS# 22608131
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 Tucson duplex contains 1,250 square feet across two separate residential units. The larger unit has 2 bedrooms and 1 bathroom, while the second includes 1 bedroom and 1 bathroom. Both units have been recently remodeled, and the property includes an enclosed yard with chain-link fencing, a patio, and a built-in barbecue. Interior details include ceramic tile flooring, beamed ceilings, gas range, dishwasher, disposal, and double sinks. Heating is provided by radiant systems and wall furnaces, with wall units and ceiling fans for cooling.
Built in 1949 with masonry stucco construction, the property sits on a 0.14-acre lot and is zoned Tucson - R2. Public water service, built-up and shingle roofing, and the ranch architectural style complete the property profile. Its location near Reid Park, El Con, shopping, dining, entertainment, Downtown Tucson, and the University of Arizona adds convenient access to central Tucson amenities.
Built in 1949 with masonry stucco construction, the property sits on a 0.14-acre lot and is zoned Tucson - R2. Public water service, built-up and shingle roofing, and the ranch architectural style complete the property profile. Its location near Reid Park, El Con, shopping, dining, entertainment, Downtown Tucson, and the University of Arizona adds convenient access to central Tucson amenities.
Key Highlights
- Two separate units: 2 bedrooms and 1 bathroom in the main unit; 1 bedroom and 1 bathroom in the second
- 1,250 square feet on a 0.14‑acre lot
- Recently remodeled residential duplex
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
$14,007
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
4.45%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
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
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 separate units support flexible occupancy and rental income arrangements.
Where is this duplex located?
The property is located at 2112 E 18th Street 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 separate units: 2 bedrooms and 1 bathroom in the main unit; 1 bedroom and 1 bathroom in the second; 1,250 square feet on a 0.14‑acre lot; Recently remodeled residential duplex
