Short-Term Rental Property with Guest
For Sale
$315,000
2841 N Richey Boulevard, Tucson, AZ 85716
Separate living areas support rental, guest, or multigenerational arrangements.
Property Size1,436 SF
Price / SF$219.36
Days on Market56
Property Features for 2841 N Richey Boulevard
General Information
Standard status
Active
Size
1,436 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x 2BR/2BA, 1 x studio
Multifamily Units
2
Building Details
Year Built
1974
Buildings
2
Listing Agency:
Realty Executives Arizona Territory
Listed By:
Valerie Lovio
(520) 490-0367
Source:
Collaborative-agents
Added: Aug 12
Changed: Sep 16
Last Checked: Oct 5 at 10:55PM
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 1,436-square-foot Tucson property combines a two-bedroom, two-bathroom main residence with a detached studio-style guest house. The secondary space includes its own full kitchen and bathroom, creating distinct living areas within the property. The configuration supports the short-term rental, long-term rental, multigenerational living, and owner-occupant use cases identified for the property.
The property is located at 2841 N Richey Blvd in Tucson, AZ, in a central area near shopping, dining, and major transportation routes. Separate accommodations provide privacy between the main home and guest house while allowing the spaces to function independently.
The property is located at 2841 N Richey Blvd in Tucson, AZ, in a central area near shopping, dining, and major transportation routes. Separate accommodations provide privacy between the main home and guest house while allowing the spaces to function independently.
Key Highlights
- 1,436‑square‑foot property with a 2‑bedroom, 2‑bathroom main home
- Detached studio‑style guest house with a full kitchen and bathroom
- Separate living spaces support short‑term or long‑term rental use
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,755
Cap Rate
4.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$295,100
$295.1K
Cap Rate 7%
$210,786
$210.8K
Cap Rate 9%
$163,944
$163.9K
Market Conditions
NOI Build-Up for 1,436 SF
Gross rent
$29.3K $20.40/SF
− Vacancy
−$2.5K −$1.72/SF
EGI
$26.8K $18.68/SF
− OpEx
−$12.1K −$8.41/SF
NOI
$14.8K $10.28/SF
Area
Tucson, AZ
Vacancy
8.42%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$295,100
Cap Rate 7%
$210,786
Cap Rate 9%
$163,944
Alternative Uses
Best Use
Apartment 5plus
$210.8K
$184.4K – $245.9K
NOI $14,755 @ 7.0% cap · market cap 4.68%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$373.0K
$326.4K – $435.2K
NOI $26,113 @ 7.0% cap · market cap 8.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,131
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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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?
Short term rental property - Separate living areas support rental, guest, or multigenerational arrangements.
Where is this short term rental property located?
The property is located at 2841 N Richey Boulevard Tucson, AZ.
What is the asking price?
The asking price for this property is $315,000.
What are key features of this property?
This property features: 1,436‑square‑foot property with a 2‑bedroom, 2‑bathroom main home; Detached studio‑style guest house with a full kitchen and bathroom; Separate living spaces support short‑term or long‑term rental use
