Two-Unit Duplex with Private
For Sale
$450,000
2320 N Camilla Blvd, Tucson, AZ 85716
Two separate residences include fenced outdoor areas, laundry hookups, central AC and heating, and off-street parking.
Property Size1,759 SF
Price / SF$255.83
Days on Market179
Property Features for 2320 N Camilla Blvd
General Information
Standard status
Active
Size
1,759 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x 2/1, 1 x 1/1
Multifamily Units
2
Amenities
private fenced yards
laundry hook ups
central AC/heating
Building Details
Year Built
1959
Buildings
2
Listing Agency:
Realty Executives Arizona Territory
Listed By:
David J Walsh
(520) 591-1736
Source:
Viewtucsonhomesforsale
Added: Mar 12
Changed: Sep 5
Last Checked: Sep 5 at 3:22PM
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 Realty Executives Arizona Territory
Investment Insights
Based on property information with market context.
This duplex places two residences on a single lot, with a front 2/1 unit measuring 1172 sqft and a rear 1/1 unit measuring 587 sqft. Together, the property includes 1759 square feet of living area. Both units are currently vacant, providing flexibility for an owner occupant or a new leasing strategy.
Property features include private fenced yards, laundry hookups, central AC/heating, and off-street parking. Built in 1959, the owner-managed property has been maintained and includes multiple upgrades and distinctive interior features.
Property features include private fenced yards, laundry hookups, central AC/heating, and off-street parking. Built in 1959, the owner-managed property has been maintained and includes multiple upgrades and distinctive interior features.
Key Highlights
- Two‑unit duplex on one lot
- Front unit: 2/1 floor plan with 1172 sqft
- Rear unit: 1/1 floor plan with 587 sqft
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
$19,711
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
4.38%
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%
$394,220
$394.2K
Cap Rate 7%
$281,586
$281.6K
Cap Rate 9%
$219,011
$219.0K
Market Conditions
NOI Build-Up for 1,759 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
$30.6K $17.40/SF
− Vacancy
−$2.4K −$1.39/SF
EGI
$28.2K $16.01/SF
− OpEx
−$8.4K −$4.80/SF
NOI
$19.7K $11.21/SF
Area
Tucson, AZ
Vacancy
8.00%
Lease Rate
$17.40 /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%
$394,220
Cap Rate 7%
$281,586
Cap Rate 9%
$219,011
Alternative Uses
Best Use
Multifamily LT 5
$281.6K
$246.4K – $328.5K
NOI $19,711 @ 7.0% cap · market cap 4.38%
Second Best
Apartment 5plus
$258.2K
$225.9K – $301.2K
NOI $18,074 @ 7.0% cap · market cap 4.02%
Theoretical Best
Office A
$456.9K
$399.8K – $533.1K
NOI $31,986 @ 7.0% cap · market cap 7.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
761
Businesses Nearby
Explore this area
Business Placement
Demographics for 85716, AZ
31,521
Population
19,025
Households
1.7
Avg Household Size
39
Median Age
42%
College-Educated
92%
High-School Grad
7.2 sq mi
ZIP Area
4,378
Density / Sq Mi
$47,009
Median Household Income
$33,367
Median Earnings
$1,021
Median Rent
$300,900
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 separate residences include fenced outdoor areas, laundry hookups, central AC and heating, and off-street parking.
Where is this duplex located?
The property is located at 2320 N Camilla Blvd Tucson, AZ.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Two‑unit duplex on one lot; Front unit: 2/1 floor plan with 1172 sqft; Rear unit: 1/1 floor plan with 587 sqft
