Four-Unit Property with
For Sale
$999,900
2619 E Prince Rd, Tucson, AZ 85716
Four individually configured residences with shared outdoor amenities, off-street parking, and carport access in central Tucson.
Property Size4,681 SF
Price / SF$213.61
Days on Market61
Property Features for 2619 E Prince Rd
General Information
Standard status
Active
Size
4,681 SF
Property subtype
Multi-Family
Units
Unit Mix
4BR/2.5BA, 1BR/1BA, 2BR/1BA, 2BR/2BA
Multifamily Units
4
Amenities
shared courtyard
BBQ area
coin-operated laundry room
Building Details
Year Built
1954
Listing Agency:
Realty Executives Arizona Territory
Listed By:
Valerie Lovio
(520) 490-0367
Source:
Collaborative-agents
Added: Aug 16
Changed: Oct 13
Last Checked: Oct 15 at 1:05AM
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 Realty Executives Arizona Territory
Investment Insights
Based on property information with market context.
This 1954-built quadplex contains four separately configured residences with a combined mix of one-, two-, and four-bedroom layouts. The largest residence is approximately 1,850 square feet and includes a kitchen with stainless steel appliances and a breakfast bar. Additional units measure approximately 500, 800, and 960 square feet, with features including a gas range, tile flooring, private patio, and a primary suite with attached office space.
Shared improvements include a courtyard, BBQ area, and coin-operated laundry room with a change machine. Each residence has dedicated off-street parking and carport access. The property is located across from the Winterhaven neighborhood in central Tucson, with access to UMC, the University of Arizona, parks, shopping, and dining.
Shared improvements include a courtyard, BBQ area, and coin-operated laundry room with a change machine. Each residence has dedicated off-street parking and carport access. The property is located across from the Winterhaven neighborhood in central Tucson, with access to UMC, the University of Arizona, parks, shopping, and dining.
Key Highlights
- Four separate rental units with one-, two-, and four‑bedroom layouts
- Approximately 1,850‑square‑foot main residence with stainless steel appliances and breakfast bar
- Additional residences of approximately 500, 800, and 960 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,453
Cap Rate
5.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,049,060
$1.0M
Cap Rate 7%
$749,329
$749.3K
Cap Rate 9%
$582,811
$582.8K
Market Conditions
NOI Build-Up for 4,681 SF
Gross rent
$81.4K $17.40/SF
− Vacancy
−$6.5K −$1.39/SF
EGI
$74.9K $16.01/SF
− OpEx
−$22.5K −$4.80/SF
NOI
$52.5K $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%
$1,049,060
Cap Rate 7%
$749,329
Cap Rate 9%
$582,811
Alternative Uses
Best Use
Multifamily LT 5
$749.3K
$655.7K – $874.2K
NOI $52,453 @ 7.0% cap · market cap 5.25%
Second Best
Apartment 5plus
$687.1K
$601.2K – $801.7K
NOI $48,099 @ 7.0% cap · market cap 4.81%
Theoretical Best
Office A
$1.22M
$1.06M – $1.42M
NOI $85,121 @ 7.0% cap · market cap 8.51%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,375
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
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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?
Quadplex - Four individually configured residences with shared outdoor amenities, off-street parking, and carport access in central Tucson.
Where is this quadplex located?
The property is located at 2619 E Prince Rd Tucson, AZ.
What is the asking price?
The asking price for this property is $999,900.
What are key features of this property?
This property features: Four separate rental units with one-, two-, and four‑bedroom layouts; Approximately 1,850‑square‑foot main residence with stainless steel appliances and breakfast bar; Additional residences of approximately 500, 800, and 960 square feet
