Newly Built Duplex Investment
2340 W Diamond Street Tucson, AZ 85705
2340 W Diamond Street, Tucson, AZ, 85705
$470,000
For Sale
$470,000
Other - Tucson, AZ
Property Size2,158 SF
Lot Size0.45 Acres
Price / SF$217.79
Days on Market41
Property Features for 2340 W Diamond Street
General Information
- Property type
- Other
- Property subtype
- Duplex
- Parking
- 4
- Exterior features
- None
- Appliances
- Range
- Standard status
- Active
- APN
- 101-16-3120
- Size
- 2,158 SF
- Lot size
- 0.45 Acres
Utilities
- Heating system
- Heat Pump (Heating)
- Cooling system
- Central Air
Building Details
- Year built
- 2026
- Flooring type
- Tile, Tile - Ceramic
- Roof type
- Tile
- Architectural style
- Other
Listing agency
Engel & Völkers Tucson
(520) 201-0000
Listed by
Brenden Urias Buono
Added: Jun 12 Updated: Jul 15 at 3:06AM Checked: Jul 22 at 5:06AM
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.
Investment Insights
Based on property information with market context.
Newly built duplex offering two matching 3-bedroom, 2-bath units with open-concept layouts. Each unit features stainless steel appliances, tile flooring throughout, laundry closets, white cabinetry, and granite countertops. The property is built with spray-foam insulation for added energy efficiency and year-round comfort.
Set on a 0.45-acre lot, the duplex includes room for future possibilities, including the option to add a single-family residence and create a possible triplex setup. Photos are noted as not of the actual units.
Four duplexes are available at this location.
Set on a 0.45-acre lot, the duplex includes room for future possibilities, including the option to add a single-family residence and create a possible triplex setup. Photos are noted as not of the actual units.
Four duplexes are available at this location.
Key Highlights
- Newly built duplex with two matching 3‑bedroom, 2‑bathroom units
- Open‑concept layouts in both units with white cabinetry and granite countertops
- Each unit includes stainless steel range and tile flooring throughout
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
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - New duplex with two matching 3-bedroom, 2-bath units, open layouts, stainless appliances, tile floors, and spray-foam insulation.
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: Newly built duplex with two matching 3‑bedroom, 2‑bathroom units; Open‑concept layouts in both units with white cabinetry and granite countertops; Each unit includes stainless steel range and tile flooring throughout
