Duplex with Single-Story
For Sale
$345,000
2275 W Dakota St, Tucson, AZ 85706
Two residential units offer separate living arrangements, open kitchens, and low-maintenance outdoor areas in southwest Tucson.
Property Size2,396 SF
Price / SF$143.99
Days on Market128
Property Features for 2275 W Dakota St
General Information
Standard status
Active
Size
2,396 SF
Property subtype
Residential Income
Listing Agency:
Long Realty
(520) 918-5270
Listed By:
Tyler Lopez
(520) 918-5270
Source:
Exprealty
Added: Apr 17
Changed: Aug 21
Last Checked: Aug 21 at 6:28AM
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 Long Realty
Investment Insights
Based on property information with market context.
This 2,396-square-foot duplex contains two single-story residences, each with three bedrooms and two bathrooms. Both units include open kitchen layouts and low-maintenance yards, providing a practical configuration for rental or owner-occupant use. One residence is occupied by a tenant, while the other is vacant and available for occupancy or leasing.
The property is located at 2275 W Dakota St in Tucson, with shopping, dining, and major roads identified as nearby conveniences. The two-unit layout allows the residences to function independently while sharing the overall property.
The property is located at 2275 W Dakota St in Tucson, with shopping, dining, and major roads identified as nearby conveniences. The two-unit layout allows the residences to function independently while sharing the overall property.
Key Highlights
- Two single‑story residential units
- Each unit has 3 bedrooms and 2 bathrooms
- 2,396 square feet total property size
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
$23,145
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
6.71%
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%
$462,900
$462.9K
Cap Rate 7%
$330,643
$330.6K
Cap Rate 9%
$257,167
$257.2K
Market Conditions
NOI Build-Up for 2,396 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
$35.9K $15.00/SF
− Vacancy
−$2.9K −$1.20/SF
EGI
$33.1K $13.80/SF
− OpEx
−$9.9K −$4.14/SF
NOI
$23.1K $9.66/SF
Area
ZIP 85706
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%
$462,900
Cap Rate 7%
$330,643
Cap Rate 9%
$257,167
Alternative Uses
Best Use
Multifamily LT 5
$330.6K
$289.3K – $385.8K
NOI $23,145 @ 7.0% cap · market cap 6.71%
Second Best
Apartment 5plus
$293.8K
$257.1K – $342.8K
NOI $20,565 @ 7.0% cap · market cap 5.96%
Theoretical Best
Office A
$495.4K
$433.5K – $578.0K
NOI $34,681 @ 7.0% cap · market cap 10.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
127
Businesses Nearby
Explore this area
Business Placement
Demographics for 85706, AZ
54,853
Population
19,095
Households
2.9
Avg Household Size
33
Median Age
10%
College-Educated
70%
High-School Grad
13.1 sq mi
ZIP Area
4,187
Density / Sq Mi
$49,072
Median Household Income
$30,977
Median Earnings
$981
Median Rent
$169,600
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 residential units offer separate living arrangements, open kitchens, and low-maintenance outdoor areas in southwest Tucson.
Where is this duplex located?
The property is located at 2275 W Dakota St Tucson, AZ.
What is the asking price?
The asking price for this property is $345,000.
What are key features of this property?
This property features: Two single‑story residential units; Each unit has 3 bedrooms and 2 bathrooms; 2,396 square feet total property size
