Brick Duplex with Fenced
For Sale
$425,000
2532 E Silver Street, Tucson, AZ 85716
Two occupied residences offer separate utility metering, central HVAC, and flexible owner-occupant possibilities.
Property Size1,757 SF
Price / SF$241.89
Days on Market204
Property Features for 2532 E Silver Street
General Information
Standard status
Active
Size
1,757 SF
Property subtype
Duplex
Occupancy
100%
Units
Unit Mix
1 x 2BR/1BA, 1 x 2BR/1.5BA
Multifamily Units
2
Amenities
Gas Pac
Central Air
Natural Gas
Forced Air
Gas Range
Patio, Porch, Sewer Connected, Shingle
Building Details
Building Size
1,757 SF
Year Built
1952
Construction
brick
Tenancy
Multi
Listing Agency:
My Home Group
(480) 685-2760
Listed By:
James D Leonard · License #SA657004000
Source:
Kw
Added: Feb 8
Changed: Aug 31
Last Checked: Aug 31 at 1:12AM
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 My Home Group
Investment Insights
Based on property information with market context.
This brick duplex, built in 1952, contains two residences totaling 1,757 SF. Unit A provides 2 bedrooms and 1 bathroom within 740 SF, while Unit B includes 2 bedrooms and 1.5 bathrooms across 1,015 SF. Both units have HVAC, gas heat, central air, and separate gas and electric meters. Unit B also includes a large fenced backyard, and interior finishes are described as modern.
Both residences are tenant occupied. One lease is month-to-month, allowing for an owner-occupant move-in while the second unit remains income-producing. The property is in Central Tucson near the University of Arizona, Banner-University Medical Center, downtown, 4th Ave, parks, shopping, and dining.
Both residences are tenant occupied. One lease is month-to-month, allowing for an owner-occupant move-in while the second unit remains income-producing. The property is in Central Tucson near the University of Arizona, Banner-University Medical Center, downtown, 4th Ave, parks, shopping, and dining.
Key Highlights
- Two‑unit duplex totaling 1,757 SF
- Unit A: 2BD/1BA and 740 SF
- Unit B: 2BD/1.5BA and 1,015 SF
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$19,688
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.63%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$393,760
$393.8K
Cap Rate 7%
$281,257
$281.3K
Cap Rate 9%
$218,756
$218.8K
Market Conditions
NOI Build-Up for 1,757 SF
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.
Gross rent
$30.6K $17.40/SF
− Vacancy
−$2.4K −$1.39/SF
EGI
$28.1K $16.01/SF
− OpEx
−$8.4K −$4.80/SF
NOI
$19.7K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$393,760
Cap Rate 7%
$281,257
Cap Rate 9%
$218,756
Alternative Uses
Best Use
Multifamily LT 5
$281.3K
$246.1K – $328.1K
NOI $19,688 @ 7.0% cap · market cap 4.63%
Second Best
Apartment 5plus
$257.9K
$225.7K – $300.9K
NOI $18,054 @ 7.0% cap · market cap 4.25%
Theoretical Best
Office A
$456.4K
$399.4K – $532.5K
NOI $31,950 @ 7.0% cap · market cap 7.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,164
Businesses Nearby
Explore this area
Business Placement
Demographics for 85716, AZ
31,521
Population
19,025
Households
1.7
Avg Household Size
39
Median Age
42%
College-Educated
92%
High-School Grad
7.2 sq mi
ZIP Area
4,378
Density / Sq Mi
$47,009
Median Household Income
$33,367
Median Earnings
$1,021
Median Rent
$300,900
Median Home Value
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?
Duplex - Two occupied residences offer separate utility metering, central HVAC, and flexible owner-occupant possibilities.
Where is this duplex located?
The property is located at 2532 E Silver Street Tucson, AZ.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Two‑unit duplex totaling 1,757 SF; Unit A: 2BD/1BA and 740 SF; Unit B: 2BD/1.5BA and 1,015 SF
