Newly Built Duplex Investment
For Sale
$470,000
Pending
2350 W Diamond St, Tucson, AZ 85705
Two matched 3-bed, 2-bath units offer flexible living and rental income with modern finishes and energy-efficient construction.
Property Size2,158 SF
Days on Market172
Property Features for 2350 W Diamond St
General Information
Standard status
Pending
Size
2,158 SF
Property subtype
Multi-Family
Building Details
Year Built
2026
Listing Agency:
Engel & Volkers Tucson
Listed By:
Brenden Urias Buono · License #SA704378000
(520) 954-5800
Source:
Exploretucsonproperties
Added: Apr 18
Changed: Oct 1
Last Checked: Oct 5 at 6:59PM
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.
This newly built duplex features two matching 3-bedroom, 2-bath units designed with open-concept layouts. Each unit includes stainless steel appliances, tile flooring throughout, laundry closets, white cabinetry, and granite countertops. The homes are built with spray-foam insulation intended to support energy efficiency and year-round comfort. Photos provided are noted as not depicting the actual units.
The duplex is situated on a huge lot with 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, providing additional options for buyers seeking multiple similar properties.
For buyers or owner-occupants, the layout supports flexibility to live in one unit while renting the other, with consistent finishes across both sides for straightforward management. The modern interior features, combined with energy-conscious construction and the large lot, make this property practical for tenants who want in-unit convenience and updated finishes, while keeping future site options open for additional development.
The duplex is situated on a huge lot with 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, providing additional options for buyers seeking multiple similar properties.
For buyers or owner-occupants, the layout supports flexibility to live in one unit while renting the other, with consistent finishes across both sides for straightforward management. The modern interior features, combined with energy-conscious construction and the large lot, make this property practical for tenants who want in-unit convenience and updated finishes, while keeping future site options open for additional development.
Key Highlights
- Newly built duplex with two matching 3‑bedroom, 2‑bath units
- Each unit features an open‑concept layout with stainless steel appliances
- Tile flooring throughout, plus white cabinetry and granite countertops
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.
Property Analytics
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Current Use
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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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Duplex - Two matched 3-bed, 2-bath units offer flexible living and rental income with modern finishes and energy-efficient construction.
Where is this duplex located?
The property is located at 2350 W Diamond St 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‑bath units; Each unit features an open‑concept layout with stainless steel appliances; Tile flooring throughout, plus white cabinetry and granite countertops
