New Construction
New
For Sale
$735,000
3390 E 1st St, Tucson, AZ 85707
Three newly built residences offer a multi-unit setup near Whole Foods and the renovated Rancho Center.
Property Size3,100 SF
Price / SF$237.10
Days on Market5
Property Features for 3390 E 1st St
General Information
Standard status
Active
Size
3,100 SF
Property subtype
Residential Income
Site & Location
Neighborhood
Miramonte
Additional Details
Multifamily Units
3
Listing Agency:
Tierra Antigua Realty
(520) 428-3338
Listed By:
Erick Quintero
(520) 599-6225
Source:
Exprealty
Added: Oct 28
Changed: Oct 31
Last Checked: Nov 1 at 9:35AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This triplex comprises three newly constructed units with a combined property size of 3,100, as provided. The configuration offers a three-unit residential income property in Tucson.
Whole Foods and the renovated Rancho Center are within walking distance. The property is also described as three minutes from UofA.
Whole Foods and the renovated Rancho Center are within walking distance. The property is also described as three minutes from UofA.
Key Highlights
- Three newly constructed units
- 3,100 property size
- Walking distance to Whole Foods and the renovated Rancho Center
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,737
Cap Rate
4.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$694,740
$694.7K
Cap Rate 7%
$496,243
$496.2K
Cap Rate 9%
$385,967
$386.0K
Market Conditions
NOI Build-Up for 3,100 SF
Gross rent
$53.9K $17.40/SF
− Vacancy
−$4.3K −$1.39/SF
EGI
$49.6K $16.01/SF
− OpEx
−$14.9K −$4.80/SF
NOI
$34.7K $11.21/SF
Area
Tucson, AZ
Vacancy
8.00%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$694,740
Cap Rate 7%
$496,243
Cap Rate 9%
$385,967
Alternative Uses
Best Use
Multifamily LT 5
$496.2K
$434.2K – $579.0K
NOI $34,737 @ 7.0% cap · market cap 4.73%
Second Best
Apartment 5plus
$455.0K
$398.2K – $530.9K
NOI $31,853 @ 7.0% cap · market cap 4.33%
Theoretical Best
Office A
$805.3K
$704.6K – $939.5K
NOI $56,371 @ 7.0% cap · market cap 7.67%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,229
Businesses Nearby
Explore this area
Business Placement
Demographics for 85707, AZ
734
Population
20
Households
36.7
Avg Household Size
23
Median Age
32%
College-Educated
100%
High-School Grad
4.1 sq mi
ZIP Area
179
Density / Sq Mi
$26,525
Median Earnings
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Triplex - Three newly built residences offer a multi-unit setup near Whole Foods and the renovated Rancho Center.
Where is this triplex located?
The property is located at 3390 E 1st St Tucson, AZ.
What is the asking price?
The asking price for this property is $735,000.
What are key features of this property?
This property features: Three newly constructed units; 3,100 property size; Walking distance to Whole Foods and the renovated Rancho Center
