Renovated
For Sale
$395,000
238 W 33rd St, Tucson, AZ 85713
Four distinct apartment layouts include a three-bedroom unit, a studio, and two one-bedroom units.
Property Size2,183 SF
Price / SF$180.94
Days on Market17
Property Features for 238 W 33rd St
General Information
Standard status
Active
Size
2,183 SF
Property subtype
Multi-Family
Occupancy
100%
Units
Unit Mix
1 x 3BR/2BA, 1 x studio, 2 x 1BR
Multifamily Units
4
Building Details
Year Built
1950
Buildings
1
Listing Agency:
OMNI Homes International
Listed By:
Calvin Case · License #BR526589000
(520) 406-0000
Source:
Viewtucsonhomesforsale
Added: Oct 14
Changed: Oct 25
Last Checked: Oct 28 at 8:59AM
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 OMNI Homes International
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Investment Insights
Based on property information with market context.
This 2,183-square-foot quadplex contains four units: one three-bedroom, two-bath apartment, a studio, and two one-bedroom apartments. Renovations were completed within the past five years, including electrical and plumbing updates, newer dual-pane windows, doors, hardware, fixtures, cabinets, and countertops. The floors are described as being in good condition, and the HVAC system is less than five years old.
Built in 1950, the property is fully leased. The unit mix combines a larger apartment with studio and one-bedroom layouts.
Built in 1950, the property is fully leased. The unit mix combines a larger apartment with studio and one-bedroom layouts.
Key Highlights
- Four‑unit property with a 3‑bedroom, 2‑bath unit, a studio, and two 1‑bedroom units
- 2,183 square feet
- Renovated within the past 5 years
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,594
Cap Rate
5.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$431,880
$431.9K
Cap Rate 7%
$308,486
$308.5K
Cap Rate 9%
$239,933
$239.9K
Market Conditions
NOI Build-Up for 2,183 SF
Gross rent
$33.5K $15.36/SF
− Vacancy
−$2.7K −$1.23/SF
EGI
$30.8K $14.13/SF
− OpEx
−$9.3K −$4.24/SF
NOI
$21.6K $9.89/SF
Area
ZIP 85713
Vacancy
8.00%
Lease Rate
$15.36 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$431,880
Cap Rate 7%
$308,486
Cap Rate 9%
$239,933
Alternative Uses
Best Use
Multifamily LT 5
$308.5K
$269.9K – $359.9K
NOI $21,594 @ 7.0% cap · market cap 5.47%
Second Best
Apartment 5plus
$284.6K
$249.1K – $332.1K
NOI $19,924 @ 7.0% cap · market cap 5.04%
Theoretical Best
Office A
$534.4K
$467.6K – $623.5K
NOI $37,408 @ 7.0% cap · market cap 9.47%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
764
Businesses Nearby
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Business Placement
Demographics for 85713, AZ
46,810
Population
19,056
Households
2.5
Avg Household Size
38
Median Age
21%
College-Educated
79%
High-School Grad
23.8 sq mi
ZIP Area
1,967
Density / Sq Mi
$50,264
Median Household Income
$32,302
Median Earnings
$1,017
Median Rent
$171,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Four distinct apartment layouts include a three-bedroom unit, a studio, and two one-bedroom units.
Where is this quadplex located?
The property is located at 238 W 33rd St Tucson, AZ.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: Four‑unit property with a 3‑bedroom, 2‑bath unit, a studio, and two 1‑bedroom units; 2,183 square feet; Renovated within the past 5 years
