Contemporary Duplex with
New
For Sale
$425,000
2720 N Hopi Place, Tucson, AZ 85705
Residential Income, Contemporary, Tucson, AZ
Property Size2,132 SF
Lot Size0.14 Acres
Price / SF$199.34
Days on Market6
Property Features for 2720 N Hopi Place
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
Tucson - R2
Parking
4
Interior features
Bath Exhaust Out, Energy Star Appliance, Kitchen Island, Walk-In Closet(s)
Fencing
Chain Link
Accessibility
Accessible Doors
Appliances
Double Sink, Gas Range, Lazy Susan, Dishwasher, Freezer, Disposal
Subdivision
Coronado Heights Resub.
Lot features
Decorative Gravel, North/ South Exposure
Elementary school
Keeling
Middle school
Amphitheater
High school
Amphitheater
Elementary school district
Amphitheater
Middle school district
Amphitheater
High school district
Amphitheater
Directions
From Glenn St turn right to North Hopi Place
Standard status
Active
APN
10715078B
Size
2,132 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
CORONADO HEIGHTS RESUB OF BLKS 33 34 35 & 36 LOT 36 BLK 34
Legal Description
CORONADO HEIGHTS RESUB OF BLKS 33 34 35 & 36 LOT 36 BLK 34
Utilities
Heating system
Natural Gas
Cooling system
Central Air
Water source
Public
Building Details
Year built
2021
Number of units
3
Flooring type
Tile - Ceramic
Building materials
Frame - Stucco
Roof type
Built-Up
Architectural style
Contemporary
Listing Agency:
HomeCoin.com
(888) 400-2513
Listed By:
Jonathan Minerick · License #01523060
(404) 388-9441
Added: Sep 9
Changed: Sep 11
Last Checked: Sep 14 at 11:06PM
MLS# 22622105
Copyright © 2026 Multiple Listing Service of Southern Arizona. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Built in 2021, this 2,132-square-foot contemporary duplex contains two residences, each with two bedrooms, two bathrooms, an open-concept living area, walk-in closets, and additional storage. Ceramic tile flooring, central air, natural gas heating, Energy Star appliances, kitchen islands, gas ranges, dishwashers, and garbage disposals support the interior configuration. The property also includes accessible doors, a built-up roof, frame-and-stucco construction, and public water service.
Set on 0.14 acres in Tucson, the property is zoned Tucson - R2. Outdoor and site features include a private swimming pool, covered parking, and chain-link fencing. Its two-residence layout supports residential occupancy and provides the option for an owner to occupy one unit while renting the other, as stated in the property information.
Set on 0.14 acres in Tucson, the property is zoned Tucson - R2. Outdoor and site features include a private swimming pool, covered parking, and chain-link fencing. Its two-residence layout supports residential occupancy and provides the option for an owner to occupy one unit while renting the other, as stated in the property information.
Key Highlights
- Two‑residence duplex with 2,132 square feet of building area
- Built in 2021 with contemporary architecture and frame‑and‑stucco construction
- Each residence includes 2 bedrooms, 2 bathrooms, an open‑concept plan, and walk‑in closets
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
$20,595
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
4.85%
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%
$411,900
$411.9K
Cap Rate 7%
$294,214
$294.2K
Cap Rate 9%
$228,833
$228.8K
Market Conditions
NOI Build-Up for 2,132 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
$32.0K $15.00/SF
− Vacancy
−$2.6K −$1.20/SF
EGI
$29.4K $13.80/SF
− OpEx
−$8.8K −$4.14/SF
NOI
$20.6K $9.66/SF
Area
ZIP 85705
Vacancy
8.00%
Lease Rate
$15.00 /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%
$411,900
Cap Rate 7%
$294,214
Cap Rate 9%
$228,833
Alternative Uses
Best Use
Multifamily LT 5
$294.2K
$257.4K – $343.3K
NOI $20,595 @ 7.0% cap · market cap 4.85%
Second Best
Apartment 5plus
$266.9K
$233.6K – $311.4K
NOI $18,685 @ 7.0% cap · market cap 4.40%
Theoretical Best
Office A
$490.6K
$429.3K – $572.4K
NOI $34,342 @ 7.0% cap · market cap 8.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,044
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-bedroom residences feature open layouts, contemporary finishes, generous storage, and access to a private swimming pool.
Where is this duplex located?
The property is located at 2720 N Hopi Place 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‑residence duplex with 2,132 square feet of building area; Built in 2021 with contemporary architecture and frame‑and‑stucco construction; Each residence includes 2 bedrooms, 2 bathrooms, an open‑concept plan, and walk‑in closets
