New Duplex Investment
2320 W Diamond Street Tucson, AZ 85705
2320 W Diamond Street, Tucson, AZ, 85705
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For Sale
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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 Market37
Property Features for 2320 W Diamond Street
General Information
- Standard status
- Active
- Size
- 2,158 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 2026
Listing agency
Engel & Volkers Tucson
(520) 954-5800
Listed by
Curt Stinson · License #AZ
Source
Crexi
Added: Jun 16 Updated: Jul 22 at 5:06AM Checked: Jul 22 at 5:06AM
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
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
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $32.4k | $15.00 |
| − Vacancy | −$2.6k | −$1.20 |
| EGI | $29.8k | $13.80 |
| − OpEx | −$8.9k | −$4.14 |
| NOI | $20.8k | $9.66 |
2,158 SF · lease $15.00/SF/yr · vacancy 8.00% · expense 30.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
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
