Contemporary 3-Unit
New
For Sale
$735,000
3390 E 1st Street, Tucson, AZ 85716
Residential Income, Contemporary, Tucson, AZ
Property Size3,100 SF
Lot Size0.20 Acres
Price / SF$237.10
Days on Market3
Property Features for 3390 E 1st Street
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Property condition
Under Construction
Zoning
Tucson - R3
Parking
4
Appliances
Electric Range, Dishwasher, Disposal
Subdivision
Encanto Park
Lot features
Decorative Gravel, East/ West Exposure
Elementary school
Sam Hughes
Middle school
Mansfeld
High school
Tucson
Elementary school district
TUSD
Middle school district
TUSD
High school district
TUSD
Directions
East on Speedway Right on Camino Miramonte Left on 1st St to property on Right Corner
Standard status
Active
APN
125120840
Size
3,100 SF
Lot size
0.20 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
ENCANTO PARK LOT 1 BLK 3
Legal Description
ENCANTO PARK LOT 1 BLK 3
Utilities
Heating system
Forced Air
Cooling system
Central Air
Water source
Public
Building Details
Year built
2026
Number of units
3
Flooring type
Tile - Ceramic
Building materials
Frame - Stucco
Roof type
Shingle
Architectural style
Contemporary
Listing Agency:
Tierra Antigua Realty
(520) 428-3338
Listed By:
Erick Quintero
(520) 599-6225
Added: Oct 28
Last Checked: Oct 30 at 8:06AM
MLS# 22626218
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.
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Investment Insights
Based on property information with market context.
This contemporary triplex is under construction and comprises three units in a 3,100-square-foot building. The property occupies 0.20 acres and is zoned Tucson - R3. Planned features include ceramic tile flooring, forced-air heat, central air conditioning, and a shingle roof. The listed appliances are an electric range, dishwasher, and disposal; construction is frame with stucco exterior.
Whole Foods and Rancho Center are within walking distance, and the University of Arizona is a three-minute drive away. The building’s year built is listed as 2026.
Whole Foods and Rancho Center are within walking distance, and the University of Arizona is a three-minute drive away. The building’s year built is listed as 2026.
Key Highlights
- Three‑unit triplex under construction
- 3,100‑square‑foot building on a 0.2‑acre lot
- Zoned Tucson - R3
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.
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Property Analytics
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Open Analytics
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,229
Businesses Nearby
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Business Placement
Demographics for 85716, AZ
31,521
Population
19,025
Households
1.7
Avg Household Size
39
Median Age
42%
College-Educated
92%
High-School Grad
7.2 sq mi
ZIP Area
4,378
Density / Sq Mi
$47,009
Median Household Income
$33,367
Median Earnings
$1,021
Median Rent
$300,900
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Triplex - Three residences are planned within a 3,100-square-foot building on a 0.20-acre parcel.
Where is this triplex located?
The property is located at 3390 E 1st Street 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‑unit triplex under construction; 3,100‑square‑foot building on a 0.2‑acre lot; Zoned Tucson - R3
