Newly Built Duplex with Two 3BR
For Sale
$470,000
2350 W Diamond Street, Tucson, AZ 85705
Other - Tucson, AZ
Property Size2,158 SF
Lot Size0.45 Acres
Price / SF$217.79
Days on Market134
Property Features for 2350 W Diamond Street
General Information
Property type
Other
Property subtype
Duplex
Parking
4
Exterior features
None
Appliances
Range
Subdivision
N/A
Elementary school
Laguna
Middle school
Flowing Wells
High school
Flowing Wells
Directions
From Ruthrauff Rd / La Cholla, West on Ruthrauff, North on Fellows Ave, East on Diamond to Address
Standard status
Active
APN
101-16-3130
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
Changed: Jul 15
Last Checked: Oct 23 at 2:06PM
MLS# 22614800
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.
Newly built duplex featuring two matching 3-bedroom, 2-bath units with open-concept layouts. Each unit includes 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.
The duplex is situated on a large lot at 2350 W Diamond Street in Tucson, AZ 85705. The outdoor space offers room for future possibilities, including the option to add a single-family residence and create a possible triplex setup. Four duplexes are available at this location.
Photos may not reflect the exact units.
The duplex is situated on a large lot at 2350 W Diamond Street in Tucson, AZ 85705. The outdoor space offers room for future possibilities, including the option to add a single-family residence and create a possible triplex setup. Four duplexes are available at this location.
Photos may not reflect the exact units.
Key Highlights
- Newly built 2026 duplex featuring two matching 3‑bedroom, 2‑bath units
- Open‑concept layouts in both units with white cabinetry and granite countertops
- Stainless steel appliances plus tile flooring throughout each unit
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.
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Lease Details
2
Residential units
Multi-tenant
Tenancy
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 - Newly built duplex with two matching 3-bedroom, 2-bath units and energy-efficient spray-foam insulation.
Where is this duplex located?
The property is located at 2350 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 2026 duplex featuring two matching 3‑bedroom, 2‑bath units; Open‑concept layouts in both units with white cabinetry and granite countertops; Stainless steel appliances plus tile flooring throughout each unit
