Updated Residential Income
239 S 5th Avenue Tucson, AZ 85701
For Sale
$850,000
Beautifully updated units feature stainless steel appliances, updated bathrooms, and tile flooring throughout.
Property Size2,326 SF
Price / SF$365.43
Days on Market242
Property Features for 239 S 5th Avenue
General Information
- Standard status
- Active
- Size
- 2,326 SF
- Property subtype
- General Commercial
Building Details
- Year Built
- 1896
Listing Agency:
Long Realty
(520) 471-7600
Listed By:
Gary Roberts
(520) 471-7600
Source:
Xome
Added: Nov 23, 2025
Changed: Jul 20
Last Checked: Jul 21 at 3:53AM
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 Long Realty
Investment Insights
Based on property information with market context.
This for-sale residential income property offers beautifully updated units with stainless steel appliances, updated bathrooms, and tile flooring throughout.
Located in downtown Tucson’s Armory Park neighborhood, the property is close to the Children’s Museum of Tucson and the Museum of Contemporary Art, as well as Autobahn Indoor Speedway and other nearby attractions.
The offering is suited to buyers seeking a downtown residential income asset with in-unit updates and finishes already in place.
Located in downtown Tucson’s Armory Park neighborhood, the property is close to the Children’s Museum of Tucson and the Museum of Contemporary Art, as well as Autobahn Indoor Speedway and other nearby attractions.
The offering is suited to buyers seeking a downtown residential income asset with in-unit updates and finishes already in place.
Key Highlights
- Corner lot on a paved road
- Interior features include central air and heat pump
- Updated units with stainless steel appliances
Financial Insights For Apartment 5plus
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 | $47.5k | $20.40 |
| − Vacancy | −$4.0k | −$1.72 |
| EGI | $43.5k | $18.68 |
| − OpEx | −$19.6k | −$8.41 |
| NOI | $23.9k | $10.28 |
2,326 SF · lease $20.40/SF/yr · vacancy 8.42% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$341.4K
$298.8K – $398.3K
NOI $23,900 @ 7.0% cap · market cap 2.81%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$604.2K
$528.7K – $705.0K
NOI $42,297 @ 7.0% cap · market cap 4.98%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Residential income properties
FAQs
What type of property is this?
Residential income property - Beautifully updated units feature stainless steel appliances, updated bathrooms, and tile flooring throughout.
Where is this residential income property located?
The property is located at 239 S 5th Avenue Tucson, AZ.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Corner lot on a paved road; Interior features include central air and heat pump; Updated units with stainless steel appliances
