New Duplex Investment
For Sale
$470,000
2320 W Diamond Street, Tucson, AZ 85705
Newly built duplex with two matching 3-bedroom, 2-bath units and open-concept layouts.
Property Size2,158 SF
Price / SF$217.79
Days on Market135
Property Features for 2320 W Diamond Street
General Information
Standard status
Active
Size
2,158 SF
Total Parking Spaces
4
Property subtype
Residential Income
Zoning
Pima County - MU
Net Operating Income
$3,500
Site & Location
Neighborhood
Flowing Wells
Additional Details
Multifamily Units
2
Amenities
stainless steel appliances
tile flooring
laundry closets
white cabinetry
granite countertops
spray-foam insulation
Central Air
Heat Pump
Electric Range, Electric Water Heater
Southwestern
Building Details
Building Size
2,158 SF
Year Built
2026
Tenancy
Multi
Listing Agency:
Engel & Volkers Tucson
Listed By:
Brenden Urias Buono · License #SA704378000
(520) 270-2558
Source:
Evrealestate
Added: Jun 11
Changed: Oct 11
Last Checked: Oct 23 at 7:35AM
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 Engel & Volkers Tucson
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Investment Insights
Based on property information with market context.
Newly built duplex offering two matching 3-bedroom, 2-bath units. Each unit features an open-concept layout with stainless steel appliances, tile flooring throughout, white cabinetry, granite countertops, and laundry closets. The property was built with spray-foam insulation for energy efficiency and year-round comfort.
The duplex is situated on a large lot. The seller notes room for future possibilities, including the potential to add a single-family residence and create a possible triplex setup.
Four duplexes are available at this location.
The duplex is situated on a large lot. The seller notes room for future possibilities, including the potential to add a single-family residence and create a possible triplex setup.
Four duplexes are available at this location.
Key Highlights
- Newly built duplex (Year built 2026) with two matching 3‑bedroom, 2‑bath units
- Open‑concept layouts with stainless steel appliances, white cabinetry, and granite countertops
- Tile flooring throughout both units with laundry closets
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,846
Cap Rate
4.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$416,920
$416.9K
Cap Rate 7%
$297,800
$297.8K
Cap Rate 9%
$231,622
$231.6K
Market Conditions
NOI Build-Up for 2,158 SF
Gross rent
$32.4K $15.00/SF
− Vacancy
−$2.6K −$1.20/SF
EGI
$29.8K $13.80/SF
− OpEx
−$8.9K −$4.14/SF
NOI
$20.8K $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%
$416,920
Cap Rate 7%
$297,800
Cap Rate 9%
$231,622
Alternative Uses
Best Use
Multifamily LT 5
$297.8K
$260.6K – $347.4K
NOI $20,846 @ 7.0% cap · market cap 4.44%
Second Best
Apartment 5plus
$270.2K
$236.4K – $315.2K
NOI $18,913 @ 7.0% cap · market cap 4.02%
Theoretical Best
Office A
$496.6K
$434.5K – $579.4K
NOI $34,761 @ 7.0% cap · market cap 7.40%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
526
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
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Newly built duplex with two matching 3-bedroom, 2-bath units and open-concept layouts.
Where is this duplex located?
The property is located at 2320 W Diamond Street Tucson, AZ.
What is the asking price?
The asking price for this property is $470,000.
What are key features of this property?
This property features: Newly built duplex (Year built 2026) with two matching 3‑bedroom, 2‑bath units; Open‑concept layouts with stainless steel appliances, white cabinetry, and granite countertops; Tile flooring throughout both units with laundry closets
