New Construction Duplex in
374 W Elvira Road Tucson, AZ 85756
For Sale
$425,000
MULTI_FAMILY - Other - Tucson, AZ
Property Size1,882 SF
Lot Size0.19 Acres
Price / SF$225.82
Days on Market310
Property Features for 374 W Elvira Road
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Property condition
Under Construction
Zoning
Tucson - R1
Parking
4
Appliances
Electric Range
Standard status
Active
APN
138-19-2420
Size
1,882 SF
Lot size
0.19 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
From Parcel:138191920 /Elvira Lot 6
Utilities
Heating system
Electric (Heating)
Cooling system
Central Air
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:
OMNI Homes International
(520) 474-1777
Listed By:
Evangelina R Valdez Valenzuela
(520) 270-6127
Added: Sep 23, 2025
Changed: Jul 18
Last Checked: Jul 29 at 6:06PM
MLS# 22524787
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 income-generating property features a newly constructed duplex. One unit offers 3 bedrooms and 2 bathrooms within 1079 square feet, accompanied by 2 parking spaces. The second unit includes 2 bedrooms and 1 bathroom, spanning 803 square feet, also with 2 parking spaces. This property presents a great investment opportunity, with the option to reside in one unit while renting out the other. The interiors are enhanced by granite countertops throughout, complemented by new stainless steel appliances and tile flooring in all areas. Situated in Tucson, Arizona, the property benefits from its proximity to I-19, facilitating convenient commuting, and is located near shopping amenities. The lot size is 0.19 acres, and the zoning is Tucson - R1. The property size is 1882 square feet.
Key Highlights
- New Construction Duplex - Built in 2025
- Income Generating Property / Investment Opportunity
- Unit 1: 3 Bedroom, 2 Bath, 1079 sq ft, 2 Parking Spaces
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 | $32.7k | $17.40 |
| − Vacancy | −$2.6k | −$1.39 |
| EGI | $30.1k | $16.01 |
| − OpEx | −$9.0k | −$4.80 |
| NOI | $21.1k | $11.21 |
1,882 SF · lease $17.40/SF/yr · vacancy 8.00% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$301.3K
$263.6K – $351.5K
NOI $21,089 @ 7.0% cap · market cap 4.96%
Second Best
Apartment 5plus
$276.3K
$241.7K – $322.3K
NOI $19,338 @ 7.0% cap · market cap 4.55%
Theoretical Best
Office A
$488.9K
$427.8K – $570.4K
NOI $34,223 @ 7.0% cap · market cap 8.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Income-generating new construction duplex with modern amenities and convenient location.
Where is this duplex located?
The property is located at 374 W Elvira Road Tucson, AZ.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: New Construction Duplex - Built in 2025; Income Generating Property / Investment Opportunity; Unit 1: 3 Bedroom, 2 Bath, 1079 sq ft, 2 Parking Spaces
