Two-Unit
New
For Sale
$200,000
355 & 357 W 42nd St, Tucson, AZ 85713
Each residence offers one bedroom and one bathroom, with long-term tenants in place.
Property Size1,032 SF
Price / SF$193.80
Days on Market4
Property Features for 355 & 357 W 42nd St
General Information
Standard status
Active
Size
1,032 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
Wakefield
Units
Unit Mix
2 x 1BR/1BA
Multifamily Units
2
Additional Details
Tenant in Place
Yes
Building Details
Year Built
1993
Listing Agency:
Keller Williams Southern Arizona
Listed By:
Shawn M Polston · License #SA572298000
(520) 477-9530
Source:
Viewhomesinscottsdaleaz
Added: Oct 30
Changed: Nov 1
Last Checked: Nov 1 at 4:38AM
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 Keller Williams Southern Arizona
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Investment Insights
Based on property information with market context.
The duplex at 355 and 357 W 42nd St in Tucson contains 1,032 square feet. Built in 1993, the property is configured as two residences, each with one bedroom and one bathroom. Both units have long-term tenants.
Key Highlights
- Two residential units, each with one bedroom and one bathroom
- 1,032 square feet
- Built in 1993
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,208
Cap Rate
5.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$204,160
$204.2K
Cap Rate 7%
$145,829
$145.8K
Cap Rate 9%
$113,422
$113.4K
Market Conditions
NOI Build-Up for 1,032 SF
Gross rent
$15.9K $15.36/SF
− Vacancy
−$1.3K −$1.23/SF
EGI
$14.6K $14.13/SF
− OpEx
−$4.4K −$4.24/SF
NOI
$10.2K $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%
$204,160
Cap Rate 7%
$145,829
Cap Rate 9%
$113,422
Alternative Uses
Best Use
Multifamily LT 5
$145.8K
$127.6K – $170.1K
NOI $10,208 @ 7.0% cap · market cap 5.10%
Second Best
Apartment 5plus
$134.6K
$117.7K – $157.0K
NOI $9,419 @ 7.0% cap · market cap 4.71%
Theoretical Best
Office A
$252.6K
$221.1K – $294.7K
NOI $17,684 @ 7.0% cap · market cap 8.84%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,269
Businesses Nearby
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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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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence offers one bedroom and one bathroom, with long-term tenants in place.
Where is this duplex located?
The property is located at 355 & 357 W 42nd St Tucson, AZ.
What is the asking price?
The asking price for this property is $200,000.
What are key features of this property?
This property features: Two residential units, each with one bedroom and one bathroom; 1,032 square feet; Built in 1993
