Remodeled Triplex with Private
For Sale
$475,000
2447 N Fair Oaks Ave, Tucson, AZ 85712
Each unit has its own yard and separately metered utilities, with shared access to storage and double carports.
Property Size3,203 SF
Price / SF$148.30
Days on Market176
Property Features for 2447 N Fair Oaks Ave
General Information
Standard status
Active
Size
3,203 SF
Property subtype
Multi-Family
Building Details
Year Built
2001
Buildings
2
Listing Agency:
Tucson Property Executives
Listed By:
Marni L Allen · License #SA510449000
(520) 245-8489
Source:
Seetucsonhouses
Added: Apr 23
Changed: Oct 1
Last Checked: Oct 14 at 11:02PM
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 Tucson Property Executives
Investment Insights
Based on property information with market context.
Built in 2001, this 3,203-square-foot triplex in Tucson includes three individually configured units with split floor plans, fireplaces, and central A/C. Each residence has a private yard, while double carports and storage units provide on-site utility. Separate utility metering serves each unit independently.
Two units have been updated with laminate flooring throughout. The exterior was recently painted, and the roof has received a protective coating. The property is to be sold together with the adjoining Tri-Plex identified as MLS #22617150.
Two units have been updated with laminate flooring throughout. The exterior was recently painted, and the roof has received a protective coating. The property is to be sold together with the adjoining Tri-Plex identified as MLS #22617150.
Key Highlights
- 3,203‑square‑foot triplex built in 2001
- Three units with individually metered utilities
- Two units recently updated with laminate flooring throughout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,892
Cap Rate
7.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$717,840
$717.8K
Cap Rate 7%
$512,743
$512.7K
Cap Rate 9%
$398,800
$398.8K
Market Conditions
NOI Build-Up for 3,203 SF
Gross rent
$55.7K $17.40/SF
− Vacancy
−$4.5K −$1.39/SF
EGI
$51.3K $16.01/SF
− OpEx
−$15.4K −$4.80/SF
NOI
$35.9K $11.21/SF
Area
Tucson, AZ
Vacancy
8.00%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$717,840
Cap Rate 7%
$512,743
Cap Rate 9%
$398,800
Alternative Uses
Best Use
Multifamily LT 5
$512.7K
$448.7K – $598.2K
NOI $35,892 @ 7.0% cap · market cap 7.56%
Second Best
Apartment 5plus
$470.2K
$411.4K – $548.5K
NOI $32,912 @ 7.0% cap · market cap 6.93%
Theoretical Best
Office A
$832.1K
$728.1K – $970.7K
NOI $58,244 @ 7.0% cap · market cap 12.26%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,069
Businesses Nearby
Explore this area
Business Placement
Demographics for 85712, AZ
33,108
Population
18,215
Households
1.8
Avg Household Size
44
Median Age
37%
College-Educated
90%
High-School Grad
6.8 sq mi
ZIP Area
4,869
Density / Sq Mi
$48,185
Median Household Income
$39,090
Median Earnings
$947
Median Rent
$250,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - Each unit has its own yard and separately metered utilities, with shared access to storage and double carports.
Where is this triplex located?
The property is located at 2447 N Fair Oaks Ave Tucson, AZ.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: 3,203‑square‑foot triplex built in 2001; Three units with individually metered utilities; Two units recently updated with laminate flooring throughout
