New Construction
For Sale
$425,000
378 W Elvira Rd, Tucson, AZ 85756
Two residential units feature updated finishes, stainless steel appliances, tile flooring, and dedicated parking.
Property Size1,882 SF
Price / SF$225.82
Days on Market53
Property Features for 378 W Elvira Rd
General Information
Standard status
Active
Size
1,882 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x 3BR/2BA, 1 x 2BR/1BA
Multifamily Units
2
Parking per Unit
2
Additional Details
Highway Access
Yes
Building Details
Year Built
2025
Listing Agency:
OMNI Homes International
Listed By:
Evangelina R Valdez Valenzuela
(520) 270-6127
Source:
Azonthemove
Added: Aug 15
Changed: Sep 15
Last Checked: Oct 5 at 9:07PM
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 OMNI Homes International
Investment Insights
Based on property information with market context.
Completed in 2025, this duplex contains two separate residential units totaling 1,882 square feet. The larger unit offers 3 bedrooms and 2 baths across 1,079 square feet, while the second includes 2 bedrooms and 1 bath within 803 square feet. Each unit has 2 parking spaces.
Interior finishes include granite countertops, new stainless steel appliances, and tile flooring throughout the homes. The property is positioned near I-19, with shopping located nearby, providing access to regional commuting routes and everyday retail services.
Interior finishes include granite countertops, new stainless steel appliances, and tile flooring throughout the homes. The property is positioned near I-19, with shopping located nearby, providing access to regional commuting routes and everyday retail services.
Key Highlights
- New construction duplex completed in 2025
- 1,882‑square‑foot property with two residential units
- Unit mix includes 3 bedrooms and 2 baths plus 2 bedrooms and 1 bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,089
Cap Rate
4.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$421,780
$421.8K
Cap Rate 7%
$301,271
$301.3K
Cap Rate 9%
$234,322
$234.3K
Market Conditions
NOI Build-Up for 1,882 SF
Gross rent
$32.7K $17.40/SF
− Vacancy
−$2.6K −$1.39/SF
EGI
$30.1K $16.01/SF
− OpEx
−$9.0K −$4.80/SF
NOI
$21.1K $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%
$421,780
Cap Rate 7%
$301,271
Cap Rate 9%
$234,322
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
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
311
Businesses Nearby
Explore this area
Business Placement
Demographics for 85756, AZ
35,345
Population
12,772
Households
2.8
Avg Household Size
36
Median Age
19%
College-Educated
83%
High-School Grad
93.7 sq mi
ZIP Area
377
Density / Sq Mi
$67,617
Median Household Income
$38,648
Median Earnings
$1,256
Median Rent
$210,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Duplex - Two residential units feature updated finishes, stainless steel appliances, tile flooring, and dedicated parking.
Where is this duplex located?
The property is located at 378 W Elvira Rd 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 completed in 2025; 1,882‑square‑foot property with two residential units; Unit mix includes 3 bedrooms and 2 baths plus 2 bedrooms and 1 bath
