Pre-Construction Two-Unit
For Sale
$420,000
3912 E Fairmount St, Tucson, AZ 85712
Planned layouts include one three-bedroom unit and one two-bedroom unit with contemporary interior finishes.
Property Size1,948 SF
Price / SF$215.61
Days on Market171
Property Features for 3912 E Fairmount St
General Information
Standard status
Active
Size
1,948 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
Garden District
Units
Unit Mix
1 x 3BR/2BA, 1 x 2BR/1BA
Multifamily Units
2
Building Details
Year Built
2026
Buildings
1
Listing Agency:
Real Broker
Listed By:
Daniel R Biel · License #160
(520) 237-0224
Source:
Findahomeaz
Added: May 6
Changed: Oct 1
Last Checked: Oct 23 at 7:15AM
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 Real Broker
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Investment Insights
Based on property information with market context.
This pre-construction duplex is planned with two separate residences: one offering 3BR/2BA and the other configured as 2BR/1BA. The design includes high ceilings, granite countertops, and a tile roof, with builder-model photographs representing the proposed construction. The projected year built is 2026.
The property is located in Tucson’s Garden District near Whole Foods, Trader Joe’s, the University of Arizona, and neighborhood parks. Its two-unit configuration can accommodate an owner-occupant arrangement with a separate residence or support leasing both units, as allowed by applicable requirements.
The property is located in Tucson’s Garden District near Whole Foods, Trader Joe’s, the University of Arizona, and neighborhood parks. Its two-unit configuration can accommodate an owner-occupant arrangement with a separate residence or support leasing both units, as allowed by applicable requirements.
Key Highlights
- Two‑unit duplex with planned 3BR/2BA and 2BR/1BA residences
- Pre‑construction property with builder‑model photos
- High ceilings and granite countertops
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,829
Cap Rate
5.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$436,580
$436.6K
Cap Rate 7%
$311,843
$311.8K
Cap Rate 9%
$242,544
$242.5K
Market Conditions
NOI Build-Up for 1,948 SF
Gross rent
$33.9K $17.40/SF
− Vacancy
−$2.7K −$1.39/SF
EGI
$31.2K $16.01/SF
− OpEx
−$9.4K −$4.80/SF
NOI
$21.8K $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%
$436,580
Cap Rate 7%
$311,843
Cap Rate 9%
$242,544
Alternative Uses
Best Use
Multifamily LT 5
$311.8K
$272.9K – $363.8K
NOI $21,829 @ 7.0% cap · market cap 5.20%
Second Best
Apartment 5plus
$285.9K
$250.2K – $333.6K
NOI $20,016 @ 7.0% cap · market cap 4.77%
Theoretical Best
Office A
$506.0K
$442.8K – $590.4K
NOI $35,423 @ 7.0% cap · market cap 8.43%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,172
Businesses Nearby
Explore this area
Business Placement
Demographics for 85712, AZ
33,108
Population
18,215
Households
1.8
Avg Household Size
44
Median Age
37%
College-Educated
90%
High-School Grad
6.8 sq mi
ZIP Area
4,869
Density / Sq Mi
$48,185
Median Household Income
$39,090
Median Earnings
$947
Median Rent
$250,400
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
Frequently Asked Questions
What type of property is this?
Duplex - Planned layouts include one three-bedroom unit and one two-bedroom unit with contemporary interior finishes.
Where is this duplex located?
The property is located at 3912 E Fairmount St Tucson, AZ.
What is the asking price?
The asking price for this property is $420,000.
What are key features of this property?
This property features: Two‑unit duplex with planned 3BR/2BA and 2BR/1BA residences; Pre‑construction property with builder‑model photos; High ceilings and granite countertops
