Building Details

Year Built 1958

Listing Agency: Real Broker

Listed By: Kyle Mokhtarian · License #17381 Show Phone

Source: Azonthemove

Added: Jul 29 Changed: Oct 7 Last Checked: Oct 15 at 4:36AM

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Investment Insights

Based on property information with market context.

This duplex contains two residential units, each with 2 bedrooms and 1 bathroom, within a combined 1,564 square feet. Interior improvements include wood-look flooring, new baseboards, shaker-style kitchen cabinetry, laminate countertops, stainless steel appliances, refreshed bathrooms, updated lighting, ceiling fans, dual-pane windows, and upgraded door hardware. Each kitchen includes a gas range and over-the-range microwave. New HVAC equipment, a new water heater, and a new roof with warranty add to the recent improvements. The property was built in 1958 and includes an easy-care backyard with room for grilling or outdoor relaxation.

Located near freeway access, restaurants, and shopping, the property is positioned for convenient access to everyday services in Tucson.

Key Highlights

• Two‑unit duplex with 2 bedrooms and 1 bathroom per unit
• 1,564 SF total property size; built in 1958
• Remodeled kitchens with shaker cabinets, laminate counters, gas ranges, and OTR microwaves

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$15,108

Cap Rate

5.05%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$302,160 $302.2K

Cap Rate 7%

$215,829 $215.8K

Cap Rate 9%

$167,867 $167.9K

Market Conditions

NOI Build-Up for 1,564 SF

Gross rent

$23.5K $15.00/SF

− Vacancy

−$1.9K −$1.20/SF

EGI

$21.6K $13.80/SF

− OpEx

−$6.5K −$4.14/SF

NOI

$15.1K $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 Rate 5%

$302,160

Cap Rate 7%

$215,829

Cap Rate 9%

$167,867

Alternative Uses

Best Use

Multifamily LT 5

$215.8K

$188.9K – $251.8K (±1% cap)

NOI $15,108 @ 7.0% cap · market cap 5.05%

Second Best

Apartment 5plus

$195.8K

$171.3K – $228.5K (±1% cap)

NOI $13,707 @ 7.0% cap · market cap 4.58%

Theoretical Best

Office A

$359.9K

$314.9K – $419.9K (±1% cap)

NOI $25,193 @ 7.0% cap · market cap 8.43%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Restaurant Building Supply Auto Repair Shop Big Box & Wholesale Store Hair Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Residential units

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

69

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

7% 2022

7.8% 2023

8.6% 2024

8.6% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this duplexes located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Duplex - Updated interiors, refreshed systems, and private outdoor space support a straightforward residential income property configuration.

Where is this duplex located?

The property is located at 229231 229 & 231 W Jacinto St Tucson, AZ.

What is the asking price?

The asking price for this property is $299,000.

What are key features of this property?

This property features: Two‑unit duplex with 2 bedrooms and 1 bathroom per unit; 1,564 SF total property size; built in 1958; Remodeled kitchens with shaker cabinets, laminate counters, gas ranges, and OTR microwaves