Tucson Multifamily Property Near
307 S Grande Avenue Tucson, AZ 85745
307 S Grande Avenue, Tucson, AZ, 85745
$675,000
For Sale
$675,000
MULTI_FAMILY - Contemporary, Modern - Tucson, AZ
Property Size2,238 SF
Lot Size0.20 Acres
Price / SF$301.61
Days on Market49
Property Features for 307 S Grande Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- Tucson - R2
- Parking
- 4
- Security features
- Security Lighting
- Patio and Porch features
- Patio
- Interior features
- Grey-Water Lines, Walk-In Closet(s)
- Exterior features
- Built-in Barbecue
- Fencing
- Chain Link
- Appliances
- Double Sink, Gas Range, Lazy Susan, Water Purifier, Dishwasher, Disposal, Refrigerator
- Standard status
- Active
- APN
- 116-21-3410
- Size
- 2,238 SF
- Lot size
- 0.20 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- N50' S445' M/L PTN LOT 5 LYG E GRANDE AVE .18 AC SEC 14-14-13
Utilities
- Heating system
- Heat Pump (Heating), Natural Gas
- Cooling system
- Ceiling Fan(s), Central Air
- Water source
- Public
Building Details
- Year built
- 2018
- Number of units
- 2
- Flooring type
- Concrete
- Building materials
- Frame - Stucco, Masonry Stucco
- Roof type
- Shingle, Metal
- Architectural style
- Modern, Contemporary
- Additional Structures
- Gazebo
Listing Agency
Real Broker
(602) 755-3415
3707 E Southern Ave, #1074, Mesa, AZ
Listed by
Alicia Marie Pastore
(855) 450-0442
Added: May 29 Checked: Jul 16 at 7:06 pm
MLS# 22613620
Listing URL
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 property is ideally located moments from Tucson's destinations, including the San Agustin Mercado and The Annex for dining, shopping, and community events. Downtown Tucson, Fourth Avenue, and the University of Arizona are a short drive away. The location provides easy access to outdoor recreation, hiking, and views of ''A'' Mountain. Situated on one lot, the property includes a 3-bedroom, 2-bath main home and a separate 2-bedroom, 1-bath residence. This property offers possibilities for multigenerational living, space for guests, or rental income generation in a connected location. The property contains 2,238 square feet and sits on a 0.2-acre lot.
Key Highlights
- 2018‑built modern/contemporary home with main 3‑bed/2‑bath and a separate 2‑bed/1‑bath residence on one lot
- Central air cooling plus natural gas heating and a heat pump (heating)
- Kitchen includes gas range, dishwasher, disposal, refrigerator, double sink, lazy susan, and water purifier
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $38.9k | $17.40 |
| − Vacancy | −$3.1k | −$1.39 |
| EGI | $35.8k | $16.01 |
| − OpEx | −$10.7k | −$4.80 |
| NOI | $25.1k | $11.21 |
2,238 SF · lease $17.40/SF/yr · vacancy 8.00% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$358.3K
$313.5K – $418.0K
NOI $25,078 @ 7.0% cap · market cap 3.72%
Second Best
Apartment 5plus
$328.5K
$287.5K – $383.3K
NOI $22,996 @ 7.0% cap · market cap 3.41%
Theoretical Best
Office A
$581.4K
$508.7K – $678.3K
NOI $40,697 @ 7.0% cap · market cap 6.03%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Multifamily property near downtown Tucson with income potential.
Where is this duplex located?
The property is located at 307 S Grande Avenue Tucson, AZ.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: 2018‑built modern/contemporary home with main 3‑bed/2‑bath and a separate 2‑bed/1‑bath residence on one lot; Central air cooling plus natural gas heating and a heat pump (heating); Kitchen includes gas range, dishwasher, disposal, refrigerator, double sink, lazy susan, and water purifier
