R-2 Duplex with Attached Rear
For Sale
$460,000
3025 N Olsen Avenue, Tucson, AZ 85719
Residential Income, Santa Fe, Tucson, AZ
Property Size2,013 SF
Lot Size0.20 Acres
Price / SF$228.51
Days on Market411
Property Features for 3025 N Olsen Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
Tucson - R2
Parking
4
Window features
Double Pane Windows
Interior features
Beamed Ceilings
Appliances
Electric Range, Dishwasher, Disposal, Refrigerator
Subdivision
Campbell Ave. Acres
Lot features
Decorative Gravel, Shrubs, East/ West Exposure, Subdivided
Elementary school
Cragin
Middle school
Doolen
High school
Catalina
Elementary school district
TUSD
Middle school district
TUSD
High school district
TUSD
Directions
East Fort Lowell from Campbell, South Olsen Avenue to address.
Standard status
Active
APN
112-05-0720
Size
2,013 SF
Lot size
0.20 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
From Parcel:001010010 /Campbell Ave Acres S58.5' E150' Lot 7 Blk 5
Legal Description
From Parcel:001010010 /Campbell Ave Acres S58.5' E150' Lot 7 Blk 5
Utilities
Heating system
Radiant, Forced Air, Natural Gas
Cooling system
Central Air, Ceiling Fan(s), Wall Unit(s)
Water source
Public
Amenities
laundry facilities
Building Details
Year built
1948
Number of units
2
Flooring type
Tile - Ceramic
Building materials
Adobe, Stucco
Roof type
Rolled Hot Mop
Architectural style
Santa Fe
Listing Agency:
Tierra Antigua Realty
(520) 318-5290
Listed By:
Jason K Foster
(520) 429-2660
Added: Aug 22, 2025
Changed: Oct 3
Last Checked: Oct 6 at 5:06PM
MLS# 22522045
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.
This 1948 Santa Fe-style duplex contains approximately 2,013 square feet across two connected residences. The front unit offers three bedrooms, two bathrooms, approximately 1,413 square feet, beamed wood ceilings, ceramic tile flooring, an updated kitchen, and a laundry closet. The attached rear unit includes one bedroom, one bathroom, approximately 600 square feet, a kitchen, and its own laundry facilities.
The 0.20-acre property is zoned Tucson - R2 and sits near the University of Arizona and midtown Tucson activities. Construction includes adobe and stucco, with public water service, a rolled hot-mop roof, radiant and forced-air heating, and wall-unit and central air-conditioning options. The site may offer potential for an additional unit or ADU, subject to buyer investigation.
The 0.20-acre property is zoned Tucson - R2 and sits near the University of Arizona and midtown Tucson activities. Construction includes adobe and stucco, with public water service, a rolled hot-mop roof, radiant and forced-air heating, and wall-unit and central air-conditioning options. The site may offer potential for an additional unit or ADU, subject to buyer investigation.
Key Highlights
- Two‑unit property with approximately 2,013 square feet
- Front unit: 3 bedrooms, 2 bathrooms, and approximately 1,413 square feet
- Attached rear unit: 1 bedroom, 1 bathroom, and approximately 600 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,557
Cap Rate
4.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$451,140
$451.1K
Cap Rate 7%
$322,243
$322.2K
Cap Rate 9%
$250,633
$250.6K
Market Conditions
NOI Build-Up for 2,013 SF
Gross rent
$35.0K $17.40/SF
− Vacancy
−$2.8K −$1.39/SF
EGI
$32.2K $16.01/SF
− OpEx
−$9.7K −$4.80/SF
NOI
$22.6K $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%
$451,140
Cap Rate 7%
$322,243
Cap Rate 9%
$250,633
Alternative Uses
Best Use
Multifamily LT 5
$322.2K
$282.0K – $376.0K
NOI $22,557 @ 7.0% cap · market cap 4.90%
Second Best
Apartment 5plus
$295.5K
$258.6K – $344.7K
NOI $20,684 @ 7.0% cap · market cap 4.50%
Theoretical Best
Office A
$522.9K
$457.6K – $610.1K
NOI $36,605 @ 7.0% cap · market cap 7.96%
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
1,188
Businesses Nearby
Explore this area
Business Placement
Demographics for 85719, AZ
46,242
Population
21,707
Households
2.1
Avg Household Size
27
Median Age
46%
College-Educated
93%
High-School Grad
8.0 sq mi
ZIP Area
5,780
Density / Sq Mi
$41,086
Median Household Income
$17,430
Median Earnings
$1,051
Median Rent
$266,900
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?
Duplex - The property includes a front residence and an attached rear unit with separate kitchens and laundry facilities.
Where is this duplex located?
The property is located at 3025 N Olsen Avenue Tucson, AZ.
What is the asking price?
The asking price for this property is $460,000.
What are key features of this property?
This property features: Two‑unit property with approximately 2,013 square feet; Front unit: 3 bedrooms, 2 bathrooms, and approximately 1,413 square feet; Attached rear unit: 1 bedroom, 1 bathroom, and approximately 600 square feet
