New Construction
For Sale
$434,999
2975 N Walnut Ave, Tucson, AZ 85712
Two-unit residential property with granite finishes, stainless steel appliances, tile throughout, and dedicated parking.
Property Size1,882 SF
Price / SF$231.14
Days on Market88
Property Features for 2975 N Walnut Ave
General Information
Standard status
Active
Size
1,882 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x 3BR/2BA, 1 x 2BR/1BA
Multifamily Units
2
Building Details
Year Built
2026
Buildings
1
Listing Agency:
OMNI Homes International
Listed By:
Evangelina R Valdez Valenzuela
(520) 270-6127
Source:
Azonthemove
Added: Jul 20
Changed: Oct 4
Last Checked: Oct 7 at 1:42PM
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 OMNI Homes International
Investment Insights
Based on property information with market context.
Completed as new construction in 2026, this duplex contains two distinct residences. The larger unit offers three bedrooms and two baths across 1079 square feet, while the second includes two bedrooms and one bath within 803 square feet. Each unit is assigned 2 parking spaces.
Interior finishes include granite countertops, new stainless steel appliances, and tile throughout the homes. The property is located close to the University of Arizona and shopping in the immediate area, offering convenient access to both campus and everyday retail services.
Interior finishes include granite countertops, new stainless steel appliances, and tile throughout the homes. The property is located close to the University of Arizona and shopping in the immediate area, offering convenient access to both campus and everyday retail services.
Key Highlights
- New construction duplex with a 2026 year built
- 3‑bedroom, 2‑bath unit with 1079 square feet
- 2‑bedroom, 1‑bath unit with 803 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,089
Cap Rate
4.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$421,780
$421.8K
Cap Rate 7%
$301,271
$301.3K
Cap Rate 9%
$234,322
$234.3K
Market Conditions
NOI Build-Up for 1,882 SF
Gross rent
$32.7K $17.40/SF
− Vacancy
−$2.6K −$1.39/SF
EGI
$30.1K $16.01/SF
− OpEx
−$9.0K −$4.80/SF
NOI
$21.1K $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%
$421,780
Cap Rate 7%
$301,271
Cap Rate 9%
$234,322
Alternative Uses
Best Use
Multifamily LT 5
$301.3K
$263.6K – $351.5K
NOI $21,089 @ 7.0% cap · market cap 4.85%
Second Best
Apartment 5plus
$276.3K
$241.7K – $322.3K
NOI $19,338 @ 7.0% cap · market cap 4.45%
Theoretical Best
Office A
$488.9K
$427.8K – $570.4K
NOI $34,223 @ 7.0% cap · market cap 7.87%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
655
Businesses Nearby
Explore this area
Business Placement
Demographics for 85712, AZ
33,108
Population
18,215
Households
1.8
Avg Household Size
44
Median Age
37%
College-Educated
90%
High-School Grad
6.8 sq mi
ZIP Area
4,869
Density / Sq Mi
$48,185
Median Household Income
$39,090
Median Earnings
$947
Median Rent
$250,400
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?
Duplex - Two-unit residential property with granite finishes, stainless steel appliances, tile throughout, and dedicated parking.
Where is this duplex located?
The property is located at 2975 N Walnut Ave Tucson, AZ.
What is the asking price?
The asking price for this property is $434,999.
What are key features of this property?
This property features: New construction duplex with a 2026 year built; 3‑bedroom, 2‑bath unit with 1079 square feet; 2‑bedroom, 1‑bath unit with 803 square feet
