3-Unit Tenant-Occupied
For Sale
$469,900
2813-2815 N Castro Ave, Tucson, AZ 85705
Three separate residences include a three-bedroom home and an adjoining duplex with varied layouts.
Property Size2,973 SF
Price / SF$158.06
Days on Market178
Property Features for 2813-2815 N Castro Ave
General Information
Standard status
Active
Size
2,973 SF
Property subtype
Multi-Family
Occupancy
100%
Units
Unit Mix
1 x single-family home (3BR), 1 x single-level duplex unit, 1 x 2-story duplex unit with loft
Multifamily Units
3
Building Details
Year Built
1964
Listing Agency:
Long Realty
Listed By:
Tyler Lopez lopez@mlslisting.net
Source:
Viewtucsonhomesforsale
Added: Apr 21
Changed: Oct 10
Last Checked: Oct 14 at 11:28PM
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 Long Realty
Investment Insights
Based on property information with market context.
This 2,973-square-foot triplex, built in 1964, combines a standalone single-family residence with an attached duplex on one parcel. The house contains three bedrooms, while the duplex provides two additional residences: one arranged on a single level and another featuring two stories plus a loft. All three units are currently occupied by tenants.
The property is positioned near the University of Arizona and downtown Tucson, placing it within reach of two established activity centers. Its mix of unit layouts and existing occupancy creates a clearly defined three-unit configuration for a multifamily owner.
The property is positioned near the University of Arizona and downtown Tucson, placing it within reach of two established activity centers. Its mix of unit layouts and existing occupancy creates a clearly defined three-unit configuration for a multifamily owner.
Key Highlights
- Three‑unit property with a 3‑bedroom single‑family residence and adjacent duplex
- 2,973 square feet on one lot
- Duplex includes one single‑level unit and one 2‑story unit with a loft
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,719
Cap Rate
6.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$574,380
$574.4K
Cap Rate 7%
$410,271
$410.3K
Cap Rate 9%
$319,100
$319.1K
Market Conditions
NOI Build-Up for 2,973 SF
Gross rent
$44.6K $15.00/SF
− Vacancy
−$3.6K −$1.20/SF
EGI
$41.0K $13.80/SF
− OpEx
−$12.3K −$4.14/SF
NOI
$28.7K $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 Rate 5%
$574,380
Cap Rate 7%
$410,271
Cap Rate 9%
$319,100
Alternative Uses
Best Use
Multifamily LT 5
$410.3K
$359.0K – $478.7K
NOI $28,719 @ 7.0% cap · market cap 6.11%
Second Best
Apartment 5plus
$372.2K
$325.7K – $434.3K
NOI $26,056 @ 7.0% cap · market cap 5.55%
Theoretical Best
Office A
$684.1K
$598.6K – $798.2K
NOI $47,889 @ 7.0% cap · market cap 10.19%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
3
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,039
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Three separate residences include a three-bedroom home and an adjoining duplex with varied layouts.
Where is this triplex located?
The property is located at 2813-2815 N Castro Ave Tucson, AZ.
What is the asking price?
The asking price for this property is $469,900.
What are key features of this property?
This property features: Three‑unit property with a 3‑bedroom single‑family residence and adjacent duplex; 2,973 square feet on one lot; Duplex includes one single‑level unit and one 2‑story unit with a loft
