4-Unit Multifamily
New
For Sale
$395,000
238 W 33rd Street, Tucson, AZ 85713
Residential Income, Ranch, Tucson, AZ
Property Size2,183 SF
Lot Size0.15 Acres
Price / SF$180.94
Days on Market2
Property Features for 238 W 33rd Street
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning
Tucson - SR1
Parking
8
Exterior features
Barbecue, Courtyard
Fencing
Chain Link
Subdivision
Home Addition NO. 2
Lot features
Subdivided
Elementary school
Ochoa
Middle school
Safford K-8 Magnet
High school
Tucson
Elementary school district
TUSD
Middle school district
TUSD
High school district
TUSD
Directions
29th St/6th Ave S 33rd St W to address
Standard status
Active
APN
118-24-0460
Size
2,183 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
From Parcel:001010010 /Home Lot 12 Blk 21
Legal Description
From Parcel:001010010 /Home Lot 12 Blk 21
Utilities
Heating system
Natural Gas, Forced Air
Cooling system
Central Air
Water source
Public
Building Details
Year built
1950
Number of units
4
Flooring type
Tile - Ceramic
Building materials
Frame - Stucco
Roof type
Built-Up
Architectural style
Ranch
Listing Agency:
OMNI Homes International
(520) 474-1777
Listed By:
Calvin Case · License #BR526589000
(520) 406-0000
Added: Oct 15
Last Checked: Oct 16 at 4:06PM
MLS# 22625151
Copyright © 2026 Multiple Listing Service of Southern Arizona. 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.
This Tucson multifamily property contains four units across 2,183 square feet: one three-bedroom, two-bath residence, a studio, and two one-bedroom apartments. The building dates to 1950 and sits on a 0.15-acre lot. Improvements completed within the past five years include electrical and plumbing updates, newer dual-pane windows, doors, hardware, fixtures, cabinets, countertops, and flooring. HVAC equipment is less than five years old. The property is fully leased.
Zoning is Tucson - SR1. Exterior features include a courtyard and barbecue area; the building has frame-and-stucco construction, ceramic tile flooring, central air conditioning, and natural-gas forced-air heat.
Zoning is Tucson - SR1. Exterior features include a courtyard and barbecue area; the building has frame-and-stucco construction, ceramic tile flooring, central air conditioning, and natural-gas forced-air heat.
Key Highlights
- Four units: one 3‑bedroom, 2‑bath residence, one studio, and two 1‑bedroom apartments
- 2,183 square feet on a 0.15‑acre lot
- Fully leased
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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Current Use
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
764
Businesses Nearby
Explore this area
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 - The property combines a three-bedroom residence, a studio, and two one-bedroom apartments.
Where is this quadplex located?
The property is located at 238 W 33rd Street 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 units: one 3‑bedroom, 2‑bath residence, one studio, and two 1‑bedroom apartments; 2,183 square feet on a 0.15‑acre lot; Fully leased
