Three-Unit Triplex
For Sale
$365,000
231 W 32nd St, Tucson, AZ 85713
Three independent residences offer a varied configuration for rental income and owner-occupant use.
Property Size2,152 SF
Lot Size0.15 Acres
Price / SF$169.61
Days on Market106
Property Features for 231 W 32nd St
General Information
Standard status
Active
Size
2,152 SF
Lot size
0.15 Acres
Property subtype
Multi-Family
Units
Unit Mix
2 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units
3
Building Details
Year Built
1940
Listing Agency:
Real Broker
Listed By:
Jose Esquivel · License #BR644495000
(602) 774-6464
Source:
Anthony.viewalltucsonhomes
Added: Jul 20
Changed: Nov 1
Last Checked: Nov 1 at 6:00AM
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
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Investment Insights
Based on property information with market context.
Built in 1940, this triplex contains three separate residences totaling approximately 2,152 square feet on a 6,534-square-foot lot. The unit mix includes two 2-bedroom/1-bath residences and one 1-bedroom/1-bath residence, providing distinct layouts within a single property.
Located at 231 W 32nd St in Tucson, the property is near Downtown Tucson, major roads, shopping, dining, schools, and other local amenities. The three-unit configuration supports rental portfolio ownership as well as an owner-occupant approach, subject to buyer verification of all facts, figures, and information.
Located at 231 W 32nd St in Tucson, the property is near Downtown Tucson, major roads, shopping, dining, schools, and other local amenities. The three-unit configuration supports rental portfolio ownership as well as an owner-occupant approach, subject to buyer verification of all facts, figures, and information.
Key Highlights
- Three separate residential units in one triplex property
- Unit mix includes two 2‑bedroom/1‑bath units and one 1‑bedroom/1‑bath unit
- Approximately 2,152 square feet of total living space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,287
Cap Rate
5.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$425,740
$425.7K
Cap Rate 7%
$304,100
$304.1K
Cap Rate 9%
$236,522
$236.5K
Market Conditions
NOI Build-Up for 2,152 SF
Gross rent
$33.1K $15.36/SF
− Vacancy
−$2.6K −$1.23/SF
EGI
$30.4K $14.13/SF
− OpEx
−$9.1K −$4.24/SF
NOI
$21.3K $9.89/SF
Area
ZIP 85713
Vacancy
8.00%
Lease Rate
$15.36 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$425,740
Cap Rate 7%
$304,100
Cap Rate 9%
$236,522
Alternative Uses
Best Use
Multifamily LT 5
$304.1K
$266.1K – $354.8K
NOI $21,287 @ 7.0% cap · market cap 5.83%
Second Best
Apartment 5plus
$280.6K
$245.5K – $327.4K
NOI $19,641 @ 7.0% cap · market cap 5.38%
Theoretical Best
Office A
$526.8K
$461.0K – $614.6K
NOI $36,877 @ 7.0% cap · market cap 10.10%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
764
Businesses Nearby
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Business Placement
Demographics for 85713, AZ
46,810
Population
19,056
Households
2.5
Avg Household Size
38
Median Age
21%
College-Educated
79%
High-School Grad
23.8 sq mi
ZIP Area
1,967
Density / Sq Mi
$50,264
Median Household Income
$32,302
Median Earnings
$1,017
Median Rent
$171,700
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Triplex - Three independent residences offer a varied configuration for rental income and owner-occupant use.
Where is this triplex located?
The property is located at 231 W 32nd St Tucson, AZ.
What is the asking price?
The asking price for this property is $365,000.
What are key features of this property?
This property features: Three separate residential units in one triplex property; Unit mix includes two 2‑bedroom/1‑bath units and one 1‑bedroom/1‑bath unit; Approximately 2,152 square feet of total living space
