4-Unit Multifamily
New
For Sale
$325,000
2519 N Estrella Ave, Tucson, AZ 85705
Two detached duplexes provide private studios with individual entrances and full bathrooms.
Property Size1,120 SF
Price / SF$290.18
Days on Market5
Property Features for 2519 N Estrella Ave
General Information
Standard status
Active
Size
1,120 SF
Property subtype
Multi-Family
Zoning
R-2
Units
Unit Mix
4 x studio
Multifamily Units
4
Additional Details
Utilities to Site
Yes
Amenities
on-site laundry
fenced yard areas
Building Details
Year Built
1953
Buildings
2
Listing Agency:
Keller Williams Southern Arizona
Listed By:
Daniel C Caldwell
(520) 777-1698
Source:
Tucsonhomeseeker
Added: Oct 2
Changed: Oct 3
Last Checked: Oct 5 at 7:13PM
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 Keller Williams Southern Arizona
Investment Insights
Based on property information with market context.
Set on one city lot, this 1,120-square-foot multifamily property consists of two detached duplex buildings. Each of the four units is a studio with a separate entrance and full bathroom. The property was built in 1953 and has R-2 zoning. Kitchen cabinetry has been rebuilt, and the units have newer mini-split heating and cooling systems and gas water heaters. On-site laundry and a refrigerator in each unit are included.
The property is in Tucson, less than two miles from the University of Arizona and a short drive from Oracle Road. Additional features include off-street parking, fenced yard areas, city water and sewer, natural gas, and Tucson Electric Power service. There is no HOA.
The property is in Tucson, less than two miles from the University of Arizona and a short drive from Oracle Road. Additional features include off-street parking, fenced yard areas, city water and sewer, natural gas, and Tucson Electric Power service. There is no HOA.
Key Highlights
- Four studio units across two detached duplex buildings on one city lot
- 1,120 square feet; built in 1953
- Each studio has a separate entry and full bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,816
Cap Rate
3.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$196,320
$196.3K
Cap Rate 7%
$140,229
$140.2K
Cap Rate 9%
$109,067
$109.1K
Market Conditions
NOI Build-Up for 1,120 SF
Gross rent
$19.5K $17.40/SF
− Vacancy
−$1.6K −$1.47/SF
EGI
$17.8K $15.93/SF
− OpEx
−$8.0K −$7.17/SF
NOI
$9.8K $8.76/SF
Area
ZIP 85705
Vacancy
8.42%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$196,320
Cap Rate 7%
$140,229
Cap Rate 9%
$109,067
Alternative Uses
Best Use
Apartment 5plus
$140.2K
$122.7K – $163.6K
NOI $9,816 @ 7.0% cap · market cap 3.02%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$257.7K
$225.5K – $300.7K
NOI $18,041 @ 7.0% cap · market cap 5.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
4
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,171
Businesses Nearby
Explore this area
Business Placement
Demographics for 85705, AZ
56,711
Population
29,145
Households
1.9
Avg Household Size
36
Median Age
20%
College-Educated
80%
High-School Grad
13.6 sq mi
ZIP Area
4,170
Density / Sq Mi
$36,606
Median Household Income
$27,220
Median Earnings
$924
Median Rent
$113,700
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
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Frequently Asked Questions
What type of property is this?
Multifamily property - Two detached duplexes provide private studios with individual entrances and full bathrooms.
Where is this multifamily property located?
The property is located at 2519 N Estrella Ave Tucson, AZ.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Four studio units across two detached duplex buildings on one city lot; 1,120 square feet; built in 1953; Each studio has a separate entry and full bathroom
