Two-Unit Duplex Investment
328 E 24th Street Tucson, AZ 85713
New
328 E 24th Street, Tucson, AZ, 85713
$410,000
For Sale
$410,000
MULTI_FAMILY - Other - Tucson, AZ
Property Size1,879 SF
Lot Size0.17 Acres
Price / SF$218.20
Days on Market1
Property Features for 328 E 24th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Property condition
- Under Construction
- Zoning
- Tucson - R2
- Parking
- 6
- Window features
- Double Pane Windows
- Fencing
- Chain Link
- Appliances
- Electric Range, Dishwasher, Disposal
- Standard status
- Active
- APN
- 118-12-2120
- Size
- 1,879 SF
- Lot size
- 0.17 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- South Park Lot 4 Blk 15
Utilities
- Heating system
- Heat Pump (Heating)
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 2025
- Number of units
- 2
- Flooring type
- Tile - Ceramic
- Building materials
- Frame - Stucco
- Roof type
- Tile
- Architectural style
- Other
Listing Agency
Tierra Antigua Realty
(520) 544-2335
1650 E River Rd Suite 202, Tucson, AZ
Listed by
Jose Campillo
(520) 544-2335
Added: Jul 16 Checked: Jul 16 at 7:06 pm
MLS# 22617570
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 duplex includes two residential units configured with 3 bedrooms and 2 bathrooms in one unit and 2 bedrooms and 1 bathroom in the other. Each unit is separately metered for electric and water.
The property is located in Tucson, within R2 zoning, with stated proximity to the University of Arizona, Downtown Tucson, and quick access to I-10.
With two independently metered units, the property is set up as a straightforward income-producing duplex for either an investor or an owner-occupant arrangement.
The property is located in Tucson, within R2 zoning, with stated proximity to the University of Arizona, Downtown Tucson, and quick access to I-10.
With two independently metered units, the property is set up as a straightforward income-producing duplex for either an investor or an owner-occupant arrangement.
Key Highlights
- Duplex under construction (2025) with two separately designed units: 3 bed/2 bath and 2 bed/1 bath
- Separate electric and water meters for each unit
- Central air and heat pump heating
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 | $28.9k | $15.36 |
| − Vacancy | −$2.3k | −$1.23 |
| EGI | $26.6k | $14.13 |
| − OpEx | −$8.0k | −$4.24 |
| NOI | $18.6k | $9.89 |
1,879 SF · lease $15.36/SF/yr · vacancy 8.00% · expense 30.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Duplex with two separately metered units featuring 3 bedrooms/2 baths and 2 bedrooms/1 bath.
Where is this duplex located?
The property is located at 328 E 24th Street 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: Duplex under construction (2025) with two separately designed units: 3 bed/2 bath and 2 bed/1 bath; Separate electric and water meters for each unit; Central air and heat pump heating
