Building Details

Year Built 1971

Listing Agency: Realty Executives Arizona Territory

Listed By: Jaime D Fallwell Show Phone

Source: Seetucsonhouses

Added: Jun 19 Changed: Oct 1 Last Checked: Oct 14 at 11:19PM

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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 multifamily property combines one triplex and one duplex on a single parcel, providing five separate rental units. The configuration includes four two-bedroom, one-bath residences and one one-bedroom, one-bath residence. Each two-bedroom unit follows the same floor plan and features vaulted ceilings with wood beams, while interior finishes include ceramic tile, wood-look laminate, and carpet. Every unit has an A/C unit, a fenced yard, washer and dryer connections on the rear patio, one covered carport space, and one storage closet.

Built in 1971, the property places utility responsibility with residents for electric, gas, water, sewer, and trash. The existing rental occupants should not be disturbed.

Key Highlights

• Five rental units on one parcel: one triplex and one duplex
• Unit mix includes four 2‑bedroom/1‑bath units and one 1‑bedroom/1‑bath unit
• Each unit includes a fenced yard, covered carport space, and storage closet

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$36,824

Cap Rate

6.70%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$736,480 $736.5K

Cap Rate 7%

$526,057 $526.1K

Cap Rate 9%

$409,156 $409.2K

Market Conditions

NOI Build-Up for 3,812 SF

Gross rent

$57.2K $15.00/SF

− Vacancy

−$4.6K −$1.20/SF

EGI

$52.6K $13.80/SF

− OpEx

−$15.8K −$4.14/SF

NOI

$36.8K $9.66/SF

Area

ZIP 85705

Vacancy

8.00%

Lease Rate

$15.00 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$736,480

Cap Rate 7%

$526,057

Cap Rate 9%

$409,156

Alternative Uses

Best Use

Multifamily LT 5

$526.1K

$460.3K – $613.7K (±1% cap)

NOI $36,824 @ 7.0% cap · market cap 6.70%

Second Best

Apartment 5plus

$477.3K

$417.6K – $556.8K (±1% cap)

NOI $33,409 @ 7.0% cap · market cap 6.07%

Theoretical Best

Office A

$877.2K

$767.5K – $1.02M (±1% cap)

NOI $61,403 @ 7.0% cap · market cap 11.16%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Triplexes

Suggested Use

Top Pick Law Firm Dental Office Grocery & Convenience Store Catering Service Accounting Firm (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,039

Businesses Nearby

Explore this area Business Placement

Demographics for 85705, AZ

56,711

Population

29,145

Households

1.9

Avg Household Size

36

Median Age

20%

College-Educated

80%

High-School Grad

13.6 sq mi

ZIP Area

4,170

Density / Sq Mi

$36,606

Median Household Income

$27,220

Median Earnings

$924

Median Rent

$113,700

Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022

7.8% 2023

8.6% 2024

8.6% 2025

Questions? Ask Rey

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What type of property is this? Where is this triplexes located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Triplex - Combined triplex and duplex with individually metered rental units, private fenced yards, and on-site storage.

Where is this triplex located?

The property is located at 321 E Blacklidge Dr Tucson, AZ.

What is the asking price?

The asking price for this property is $550,000.

What are key features of this property?

This property features: Five rental units on one parcel: one triplex and one duplex; Unit mix includes four 2‑bedroom/1‑bath units and one 1‑bedroom/1‑bath unit; Each unit includes a fenced yard, covered carport space, and storage closet