Multifamily Property with Central
For Sale
$414,999
380 E Corona Road, Tucson, AZ 85756
Tucson - R2 zoning supports a residential multifamily property with granite counters and high-speed internet.
Property Size1,882 SF
Price / SF$220.51
Days on Market124
Property Features for 380 E Corona Road
General Information
Standard status
Active
Size
1,882 SF
Total Parking Spaces
4
Property subtype
Residential Income
Zoning
Tucson - R2
Net Operating Income
$31,500
Site & Location
Neighborhood
Barrio Nopal
Amenities
Central Air
Heat Pump
Electric Range, Electric Water Heater
Granite Counters, High Speed Internet
Modern
Building Details
Building Size
1,882 SF
Year Built
2026
Listing Agency:
Realty Executives Arizona Territory
Listed By:
Eddie D Watters · License #31442
(520) 237-5607
Source:
Evrealestate
Added: Jun 22
Changed: Oct 9
Last Checked: Oct 23 at 8:09AM
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 Realty Executives Arizona Territory
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Investment Insights
Based on property information with market context.
This multifamily property at 380 E Corona Road in Tucson includes central air, a heat pump, granite counters, and high-speed internet. The property also features an electric range and electric water heater. Built in 2026, it offers recently constructed improvements within the Tucson - R2 zoning designation.
Access is available from Valencia via Old Nogales Highway, followed by westbound travel on Corona Road to the property.
Access is available from Valencia via Old Nogales Highway, followed by westbound travel on Corona Road to the property.
Key Highlights
- Built in 2026
- Tucson - R2 zoning
- Central air and heat pump
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,338
Cap Rate
4.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$386,760
$386.8K
Cap Rate 7%
$276,257
$276.3K
Cap Rate 9%
$214,867
$214.9K
Market Conditions
NOI Build-Up for 1,882 SF
Gross rent
$38.4K $20.40/SF
− Vacancy
−$3.2K −$1.72/SF
EGI
$35.2K $18.68/SF
− OpEx
−$15.8K −$8.41/SF
NOI
$19.3K $10.28/SF
Area
Tucson, AZ
Vacancy
8.42%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$386,760
Cap Rate 7%
$276,257
Cap Rate 9%
$214,867
Alternative Uses
Best Use
Apartment 5plus
$276.3K
$241.7K – $322.3K
NOI $19,338 @ 7.0% cap · market cap 4.66%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$488.9K
$427.8K – $570.4K
NOI $34,223 @ 7.0% cap · market cap 8.25%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Location Intelligence
Trade Area within ½ mile
94
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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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Multifamily property - Tucson - R2 zoning supports a residential multifamily property with granite counters and high-speed internet.
Where is this multifamily property located?
The property is located at 380 E Corona Road Tucson, AZ.
What is the asking price?
The asking price for this property is $414,999.
What are key features of this property?
This property features: Built in 2026; Tucson - R2 zoning; Central air and heat pump
