Newly Built
For Sale
$470,000
2340 W Diamond Street, Tucson, AZ 85705
Tucson, AZ
Property Size2,158 SF
Price / SF$217.79
Days on Market134
Property Features for 2340 W Diamond Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Elementary school
Laguna
Middle school
Flowing Wells
High school
Flowing Wells
Standard status
Active
Size
2,158 SF
Building Details
Year built
2026
Listing Agency:
Engel & Volkers Tucson · Engel & Völkers
(520) 201-0000
Listed By:
Brenden Urias Buono
Added: Jun 12
Changed: Aug 19
Last Checked: Oct 23 at 2:06PM
MLS# 22614799
Copyright © 2026 Engel & Völkers. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
Completed in 2026, this duplex contains two matching three-bedroom, two-bathroom residences totaling 2,158 square feet. Each unit has an open-concept layout with tile flooring, white cabinetry, granite countertops, stainless steel appliances, and a dedicated laundry closet. Spray-foam insulation supports energy-efficient operation and indoor comfort.
The property sits on a large lot in Tucson, with four duplexes available at this location. Its paired-unit configuration supports separate residential occupancy within one building and provides a consistent layout across both residences.
The property sits on a large lot in Tucson, with four duplexes available at this location. Its paired-unit configuration supports separate residential occupancy within one building and provides a consistent layout across both residences.
Key Highlights
- Two matching 3‑bedroom, 2‑bathroom units
- 2,158 square feet completed in 2026
- Open‑concept layouts with tile flooring throughout
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
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Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
526
Businesses Nearby
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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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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two matching residences feature open layouts, modern finishes, and separate laundry closets.
Where is this duplex located?
The property is located at 2340 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: Two matching 3‑bedroom, 2‑bathroom units; 2,158 square feet completed in 2026; Open‑concept layouts with tile flooring throughout
