9-Unit Apartment
For Sale
$1,100,000
3830 E 2nd St, Tucson, AZ 85716
A 1952 multifamily property offers nine residential units in Tucson.
Property Size5,500 SF
Price / SF$200
Days on Market23
Property Features for 3830 E 2nd St
General Information
Standard status
Active
Size
5,500 SF
Property subtype
Commercial
Additional Details
Multifamily Units
9
Building Details
Year Built
1952
Listing Agency:
Realty Executives Arizona Territory
Listed By:
Matthew 'Matt' E Bollinger
Source:
Findahomeaz
Added: Sep 14
Changed: Oct 3
Last Checked: Oct 5 at 7:26PM
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
Investment Insights
Based on property information with market context.
This Tucson apartment property contains 9 units across 5,500 square feet. Built in 1952, it is located at 3830 E 2nd St.
The property is described as centrally located, with major transportation routes, shopping, employment centers, downtown Tucson, and the University of Arizona nearby.
The property is described as centrally located, with major transportation routes, shopping, employment centers, downtown Tucson, and the University of Arizona nearby.
Key Highlights
- 9 residential units
- 5,500 square feet of building area
- Built in 1952
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$56,514
Cap Rate
5.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,130,280
$1.1M
Cap Rate 7%
$807,343
$807.3K
Cap Rate 9%
$627,933
$627.9K
Market Conditions
NOI Build-Up for 5,500 SF
Gross rent
$112.2K $20.40/SF
− Vacancy
−$9.4K −$1.72/SF
EGI
$102.8K $18.68/SF
− OpEx
−$46.2K −$8.41/SF
NOI
$56.5K $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%
$1,130,280
Cap Rate 7%
$807,343
Cap Rate 9%
$627,933
Alternative Uses
Best Use
Apartment 5plus
$807.3K
$706.4K – $941.9K
NOI $56,514 @ 7.0% cap · market cap 5.14%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.43M
$1.25M – $1.67M
NOI $100,014 @ 7.0% cap · market cap 9.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
9
Residential units
Location Intelligence
Trade Area within ½ mile
1,202
Businesses Nearby
Explore this area
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
Check the figures for this property
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?
Apartment building - A 1952 multifamily property offers nine residential units in Tucson.
Where is this apartment building located?
The property is located at 3830 E 2nd St Tucson, AZ.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 9 residential units; 5,500 square feet of building area; Built in 1952
