Remodeled Duplex with Private
New
For Sale
$323,900
221 E Jacinto Street, Tucson, AZ 85705
MULTI_FAMILY - Ranch - Tucson, AZ
Property Size1,890 SF
Lot Size0.14 Acres
Price / SF$171.38
Days on Market1
Property Features for 221 E Jacinto Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
Tucson - R2
Parking
6
Fencing
Chain Link
Appliances
Gas Range, Disposal
Subdivision
Coronado Heights
Lot features
Subdivided
Elementary school
Keeling
Middle school
Amphitheater
High school
Amphitheater
Elementary school district
Amphitheater
Middle school district
Amphitheater
High school district
Amphitheater
Directions
Head North on Stone from Grant, head east on Jacinto from Stone to 221 E Jacinto.
Standard status
Active
APN
107-13-2260
Size
1,890 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
From Parcel:001010010 /Coronado Heights W50' Of E150' Of Lot 10 Blk 45
Legal Description
From Parcel:001010010 /Coronado Heights W50' Of E150' Of Lot 10 Blk 45
Utilities
Heating system
Electric (Heating)
Cooling system
Wall Unit(s)
Water source
Public
Amenities
private yard
Building Details
Year built
1977
Number of units
2
Flooring type
Tile - Ceramic
Building materials
Burnt Adobe
Roof type
Built-Up
Architectural style
Ranch
Listing Agency:
Realty Executives Arizona Territory · Realty Executives International
(520) 314-3255
Listed By:
Rozalia A Adams
(520) 331-7768
Added: Aug 14
Last Checked: Aug 14 at 9:06PM
MLS# 22619774
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 ranch-style duplex contains two separate 3BR/1BA residences totaling 1,890 square feet on a 0.14-acre lot. Both homes were remodeled in 2023 and feature updated kitchens, refreshed bathrooms, laminate flooring, private yards, separate parking, and individual electric meters. The property also includes gas ranges, disposals, ceramic tile, electric heating, wall-unit cooling, chain-link fencing, burnt adobe construction, and a built-up roof.
Located in Tucson, the property is a short drive from downtown and provides access to nearby freeway routes, dining, and shopping. Public water serves the site, and the property is zoned Tucson - R2. Both residences are leased month-to-month, providing an existing two-unit configuration for continued income use or owner occupancy.
Located in Tucson, the property is a short drive from downtown and provides access to nearby freeway routes, dining, and shopping. Public water serves the site, and the property is zoned Tucson - R2. Both residences are leased month-to-month, providing an existing two-unit configuration for continued income use or owner occupancy.
Key Highlights
- Two separate 3BR/1BA homes on one lot
- 1,890 square feet on a 0.14‑acre parcel
- Both residences remodeled in 2023
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
$18,257
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
5.64%
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%
$365,140
$365.1K
Cap Rate 7%
$260,814
$260.8K
Cap Rate 9%
$202,856
$202.9K
Market Conditions
NOI Build-Up for 1,890 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
$28.4K $15.00/SF
− Vacancy
−$2.3K −$1.20/SF
EGI
$26.1K $13.80/SF
− OpEx
−$7.8K −$4.14/SF
NOI
$18.3K $9.66/SF
Area
ZIP 85705
Vacancy
8.00%
Lease Rate
$15.00 /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%
$365,140
Cap Rate 7%
$260,814
Cap Rate 9%
$202,856
Alternative Uses
Best Use
Multifamily LT 5
$260.8K
$228.2K – $304.3K
NOI $18,257 @ 7.0% cap · market cap 5.64%
Second Best
Apartment 5plus
$236.6K
$207.1K – $276.1K
NOI $16,564 @ 7.0% cap · market cap 5.11%
Theoretical Best
Office A
$434.9K
$380.6K – $507.4K
NOI $30,444 @ 7.0% cap · market cap 9.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,128
Businesses Nearby
Explore this area
Business Placement
Demographics for 85705, AZ
56,711
Population
29,145
Households
1.9
Avg Household Size
36
Median Age
20%
College-Educated
80%
High-School Grad
13.6 sq mi
ZIP Area
4,170
Density / Sq Mi
$36,606
Median Household Income
$27,220
Median Earnings
$924
Median Rent
$113,700
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 independently occupied homes offer updated interiors, separate parking, and individual electric metering on a shared residential parcel.
Where is this duplex located?
The property is located at 221 E Jacinto Street Tucson, AZ.
What is the asking price?
The asking price for this property is $323,900.
What are key features of this property?
This property features: Two separate 3BR/1BA homes on one lot; 1,890 square feet on a 0.14‑acre parcel; Both residences remodeled in 2023
