One-Story Duplex with Block
For Sale
$325,000
303305 303 & 305 E Palmdale St, Tucson, AZ 85714
Leased two-unit property featuring gas appliances and a shingle roof.
Property Size1,709 SF
Price / SF$190.17
Days on Market58
Property Features for 303305 303 & 305 E Palmdale St
General Information
Standard status
Active
Size
1,709 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Building Details
Year Built
1961
Buildings
1
Stories
1
Construction
block
Listing Agency:
Realty Executives Arizona Territory
Listed By:
Connie J Jackson-Slye
(520) 990-0310
Source:
Collaborative-agents
Added: Aug 19
Changed: Oct 13
Last Checked: Oct 7 at 2:31PM
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 one-story duplex contains 1,709 square feet and was built in 1961. The structure uses block construction and has a shingle roof, with gas appliances serving the units.
Both sides are currently leased, including one tenancy that has continued for more than 30 years. The property is identified as a duplex and is located in Tucson, Arizona.
Both sides are currently leased, including one tenancy that has continued for more than 30 years. The property is identified as a duplex and is located in Tucson, Arizona.
Key Highlights
- 1,709‑square‑foot duplex built in 1961
- One‑story block construction
- Currently leased on both sides
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,150
Cap Rate
5.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$383,000
$383.0K
Cap Rate 7%
$273,571
$273.6K
Cap Rate 9%
$212,778
$212.8K
Market Conditions
NOI Build-Up for 1,709 SF
Gross rent
$29.7K $17.40/SF
− Vacancy
−$2.4K −$1.39/SF
EGI
$27.4K $16.01/SF
− OpEx
−$8.2K −$4.80/SF
NOI
$19.2K $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%
$383,000
Cap Rate 7%
$273,571
Cap Rate 9%
$212,778
Alternative Uses
Best Use
Multifamily LT 5
$273.6K
$239.4K – $319.2K
NOI $19,150 @ 7.0% cap · market cap 5.89%
Second Best
Apartment 5plus
$250.9K
$219.5K – $292.7K
NOI $17,560 @ 7.0% cap · market cap 5.40%
Theoretical Best
Office A
$444.0K
$388.5K – $518.0K
NOI $31,077 @ 7.0% cap · market cap 9.56%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
786
Businesses Nearby
Explore this area
Business Placement
Demographics for 85714, AZ
14,232
Population
5,589
Households
2.5
Avg Household Size
38
Median Age
10%
College-Educated
69%
High-School Grad
5.6 sq mi
ZIP Area
2,541
Density / Sq Mi
$47,093
Median Household Income
$30,204
Median Earnings
$879
Median Rent
$177,100
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?
Duplex - Leased two-unit property featuring gas appliances and a shingle roof.
Where is this duplex located?
The property is located at 303305 303 & 305 E Palmdale St Tucson, AZ.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: 1,709‑square‑foot duplex built in 1961; One‑story block construction; Currently leased on both sides
