Triplex with Private
For Sale
$475,000
2449 N Fair Oaks Ave, Tucson, AZ 85712
Three-unit property with individual utility meters, private outdoor space, fireplaces, central A/C, carports, and storage.
Property Size3,203 SF
Price / SF$148.30
Days on Market69
Property Features for 2449 N Fair Oaks Ave
General Information
Standard status
Active
Size
3,203 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
3
Amenities
Split Floor Plan
Fireplaces
Central A/C
Storage Units
Private Yards
Building Details
Year Built
2001
Listing Agency:
Tucson Property Executives
Listed By:
Marni L Allen · License #SA510449000
(520) 245-8489
Source:
Wowrealestate
Added: Aug 8
Changed: Oct 10
Last Checked: Oct 7 at 2:02PM
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.
This three-unit property includes split-floor-plan layouts, fireplaces, central A/C, double carports, storage units, and a private yard assigned to each residence. Utilities are separately metered for each unit, supporting distinct household utility accounts. One unit has been updated with laminate flooring throughout, while the exterior has received fresh paint and the roof has been coated.
The property is located at 2449 N Fair Oaks Ave in Tucson, Arizona. It is offered for sale together with the adjoining triplex identified by MLS 22617149. The combined offering includes two neighboring triplex properties, subject to the stated sale requirement.
The property is located at 2449 N Fair Oaks Ave in Tucson, Arizona. It is offered for sale together with the adjoining triplex identified by MLS 22617149. The combined offering includes two neighboring triplex properties, subject to the stated sale requirement.
Key Highlights
- Three‑unit property at 2449 N Fair Oaks Ave, Tucson, AZ
- Private yard provided for each unit
- Utilities individually metered by unit
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.
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Current Use
Lease Details
3
Residential units
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Triplex - Three-unit property with individual utility meters, private outdoor space, fireplaces, central A/C, carports, and storage.
Where is this triplex located?
The property is located at 2449 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: Three‑unit property at 2449 N Fair Oaks Ave, Tucson, AZ; Private yard provided for each unit; Utilities individually metered by unit
