321 E Blacklidge Drive, Tucson, AZ 85705
MULTI_FAMILY - Other - Tucson, AZ
- Added:
- Jun 22, 2026
- Days on Market:
- 1
- Last Refresh:
- Jun 22 at 11:06 pm
Property Features for 321 E Blacklidge Drive
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- Tucson - R2
- Parking
- 5
- Interior features
- Beamed Ceilings
- Fencing
- Fenced
- Appliances
- Double Sink, Gas Range, Dishwasher, Disposal, Refrigerator
- Standard status
- Active
- APN
- 107-11-255B
- Size
- 3,812 SF
- Lot size
- 0.35 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- Coronado Heights E 100' Of Lot 7 & W 30' Of E 100' Lot 10 Blk 14
Utilities
- Heating system
- Forced Air
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1971
- Number of units
- 4
- Flooring type
- Carpet, Tile - Ceramic
- Building materials
- Block
- Roof type
- Shingle
- Architectural style
- Other
Listing agent Jaime D Fallwell (520) 870-2967
Listing office Realty Executives Arizona Territory 6444 E Tanque Verde Rd, Tucson, AZ (520) 314-3255
Listing date Jun 22, 2026
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.
HighLights
- Single parcel with 1 triplex and 1 duplex totaling 5 rental units: four 2BD/1BA and one 1BD/1BA
- Four 2BD/1BA units share identical floor plans, each featuring vaulted ceilings with wood beams
- Central A/C plus forced‑air heating; tenants also have fenced yards and washer & dryer hook‑ups on each back patio
- Each unit includes one covered carport space and one storage closet
- Tenants pay utilities: electric, gas, and water/sewer/trash
- Built in 1971 with block construction and shingle roof
Overview
The property is located at 321 E Blacklidge Drive in Tucson, Arizona, on a 0.35-acre lot. Zoning is listed as Tucson - R2. Current tenants are in place, and the public remarks request that existing tenants not be disturbed.
The unit mix and in-unit laundry hookups support tenant-friendly day-to-day living, while tenant-paid utilities (electric, gas, and water/sewer/trash) can help simplify operating expenses for an owner. With multiple two-bedroom layouts and one additional one-bedroom unit, the property offers a straightforward rental structure for an investor looking to acquire a five-unit portfolio on one parcel.
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 | $57.2k | $15.00 |
| − Vacancy | −$4.6k | −$1.20 |
| EGI | $52.6k | $13.80 |
| − OpEx | −$15.8k | −$4.14 |
| NOI | $36.8k | $9.66 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Tucson
- County
- Pima
- State
- Arizona
- Longitude
- -110.966829
- Latitude
- 32.261763
