New Construction
For Sale
$410,000
328 E 24th St, Tucson, AZ 85713
Two separately metered units near the University of Arizona, Downtown Tucson, and I-10 offer flexible residential use.
Property Size1,879 SF
Price / SF$218.20
Days on Market87
Property Features for 328 E 24th St
General Information
Standard status
Active
Size
1,879 SF
Property subtype
Multi-Family
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Units
Unit Mix
1 x 3BR/2BA, 1 x 2BR/1BA
Multifamily Units
2
Building Details
Year Built
2025
Listing Agency:
Tierra Antigua Realty
Listed By:
Jose Campillo
(520) 544-2335
Source:
Wowrealestate
Added: Jul 22
Changed: Sep 14
Last Checked: Oct 7 at 4:38PM
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 Tierra Antigua Realty
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Investment Insights
Based on property information with market context.
Completed in 2025, this 1,879-square-foot duplex contains two distinct residential units. The unit mix includes one three-bedroom, two-bath residence and one two-bedroom, one-bath residence, providing separate layouts within the same property. Electric and water service are individually metered for each unit.
The property is located at 328 E 24th St in Tucson, less than 3 miles from the University of Arizona and approximately 2 miles from Downtown Tucson. Interstate 10 is readily accessible, with shopping, dining, entertainment, and major employment centers identified in the surrounding area.
The property is located at 328 E 24th St in Tucson, less than 3 miles from the University of Arizona and approximately 2 miles from Downtown Tucson. Interstate 10 is readily accessible, with shopping, dining, entertainment, and major employment centers identified in the surrounding area.
Key Highlights
- 2025‑built duplex with 1,879 square feet
- Unit mix includes 3 bedrooms/2 bathrooms and 2 bedrooms/1 bathroom
- Electric and water are separately metered for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,587
Cap Rate
4.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$371,740
$371.7K
Cap Rate 7%
$265,529
$265.5K
Cap Rate 9%
$206,522
$206.5K
Market Conditions
NOI Build-Up for 1,879 SF
Gross rent
$28.9K $15.36/SF
− Vacancy
−$2.3K −$1.23/SF
EGI
$26.6K $14.13/SF
− OpEx
−$8.0K −$4.24/SF
NOI
$18.6K $9.89/SF
Area
ZIP 85713
Vacancy
8.00%
Lease Rate
$15.36 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$371,740
Cap Rate 7%
$265,529
Cap Rate 9%
$206,522
Alternative Uses
Best Use
Multifamily LT 5
$265.5K
$232.3K – $309.8K
NOI $18,587 @ 7.0% cap · market cap 4.53%
Second Best
Apartment 5plus
$245.0K
$214.4K – $285.8K
NOI $17,149 @ 7.0% cap · market cap 4.18%
Theoretical Best
Office A
$460.0K
$402.5K – $536.7K
NOI $32,199 @ 7.0% cap · market cap 7.85%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
725
Businesses Nearby
Explore this area
Business Placement
Demographics for 85713, AZ
46,810
Population
19,056
Households
2.5
Avg Household Size
38
Median Age
21%
College-Educated
79%
High-School Grad
23.8 sq mi
ZIP Area
1,967
Density / Sq Mi
$50,264
Median Household Income
$32,302
Median Earnings
$1,017
Median Rent
$171,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two separately metered units near the University of Arizona, Downtown Tucson, and I-10 offer flexible residential use.
Where is this duplex located?
The property is located at 328 E 24th St Tucson, AZ.
What is the asking price?
The asking price for this property is $410,000.
What are key features of this property?
This property features: 2025‑built duplex with 1,879 square feet; Unit mix includes 3 bedrooms/2 bathrooms and 2 bedrooms/1 bathroom; Electric and water are separately metered for each unit
