Triplex with Split
For Sale
$749,900
215 S 5th Ave, Tucson, AZ 85701
Three-unit property supports both residential and commercial use.
Property Size2,838 SF
Price / SF$264.24
Days on Market94
Property Features for 215 S 5th Ave
General Information
Standard status
Active
Size
2,838 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
3
Building Details
Year Built
1937
Listing Agency:
Real Broker
Listed By:
Kaukaha S Watanabe · License #SA584368000
(520) 495-0099
Source:
Viewtucsonhomesforsale
Added: Jul 14
Changed: Oct 11
Last Checked: Oct 14 at 11:16PM
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 Real Broker
Investment Insights
Based on property information with market context.
This 2,838-square-foot triplex contains three units and was built in 1937. Split zoning allows the property to accommodate both residential and commercial use, providing flexibility for an owner evaluating different occupancy and operating models.
The property is located at 215 S 5th Ave in Downtown Tucson, Arizona. The existing configuration and zoning support consideration of long-term residential rentals, short-term accommodations, professional office use, retail, or a live/work arrangement, subject to applicable requirements.
The property is located at 215 S 5th Ave in Downtown Tucson, Arizona. The existing configuration and zoning support consideration of long-term residential rentals, short-term accommodations, professional office use, retail, or a live/work arrangement, subject to applicable requirements.
Key Highlights
- Three‑unit triplex
- 2,838 square feet
- Split zoning permits residential and commercial use
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,470
Cap Rate
5.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$829,400
$829.4K
Cap Rate 7%
$592,429
$592.4K
Cap Rate 9%
$460,778
$460.8K
Market Conditions
NOI Build-Up for 2,838 SF
Gross rent
$61.3K $21.60/SF
− Vacancy
−$6.0K −$2.12/SF
EGI
$55.3K $19.48/SF
− OpEx
−$13.8K −$4.87/SF
NOI
$41.5K $14.61/SF
Area
Tucson, AZ
Vacancy
9.80%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$829,400
Cap Rate 7%
$592,429
Cap Rate 9%
$460,778
Alternative Uses
Best Use
Office B
$592.4K
$518.4K – $691.2K
NOI $41,470 @ 7.0% cap · market cap 5.53%
Second Best
Mixed Use
$498.1K
$435.8K – $581.1K
NOI $34,865 @ 7.0% cap · market cap 4.65%
Theoretical Best
Office A
$737.2K
$645.1K – $860.1K
NOI $51,607 @ 7.0% cap · market cap 6.88%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
3,354
Businesses Nearby
Explore this area
Business Placement
Demographics for 85701, AZ
5,132
Population
3,631
Households
1.4
Avg Household Size
37
Median Age
57%
College-Educated
91%
High-School Grad
1.5 sq mi
ZIP Area
3,421
Density / Sq Mi
$52,672
Median Household Income
$43,762
Median Earnings
$1,183
Median Rent
$451,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Tucson, AZ
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - Three-unit property supports both residential and commercial use.
Where is this triplex located?
The property is located at 215 S 5th Ave Tucson, AZ.
What is the asking price?
The asking price for this property is $749,900.
What are key features of this property?
This property features: Three‑unit triplex; 2,838 square feet; Split zoning permits residential and commercial use
