9-Unit Apartment
3830 E 2nd Street, Tucson, AZ 85716
For Sale
$1,100,000
Commercial Sale, Tucson, AZ
Property Size5,500 SF
Lot Size0.87 Acres
Price / SF$200
Days on Market52
Property Features for 3830 E 2nd Street
General Information
Property type
Property subtype
Zoning
Parking
Lot features
Directions
Subdivision
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Heating system
Water source
Building Details
Year built
Building materials
Roof type
Listing Agency:
Realty Executives Arizona Territory · Realty Executives International
(520) 314-3255
Listed By:
Matthew 'Matt' E Bollinger
(520) 955-3164
Added: Sep 23
Changed: Oct 2
Last Checked: Nov 13 at 4:06AM
MLS# 22623175
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.
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Investment Insights
Based on property information with market context.
This 9-unit apartment property in central Tucson includes 5,500 square feet of building area on a 0.87-acre parcel. Built in 1952, the property features block construction, shingle roofing, heat pump heating, and public water service. The R3 zoning designation supports its multifamily classification.
Located at 3830 E 2nd Street, the property is near major transportation routes, shopping, employment centers, downtown Tucson, and the University of Arizona. Its central Tucson setting places the apartment building within an established urban area with access to several important destinations.
Located at 3830 E 2nd Street, the property is near major transportation routes, shopping, employment centers, downtown Tucson, and the University of Arizona. Its central Tucson setting places the apartment building within an established urban area with access to several important destinations.
Key Highlights
- 9‑unit apartment property with 5,500 square feet of building area
- 0.87‑acre parcel in central Tucson
- R3 zoning designation
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.
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Lease Details
9
Residential units
Location Intelligence
Trade Area within ½ mile
1,202
Businesses Nearby
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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
$300,900
Median Home Value
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Market
Average Price Trend$/SF for Apartment buildings in Tucson, AZ
Properties on Market for Apartment buildings in Tucson
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Block-built multifamily property with public water service and R3 zoning in central Tucson.
Where is this apartment building located?
The property is located at 3830 E 2nd Street 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‑unit apartment property with 5,500 square feet of building area; 0.87‑acre parcel in central Tucson; R3 zoning designation
