New Construction
For Sale
$420,000
3920 E Fairmount St, Tucson, AZ 85712
Pre-construction two-unit property with flexible owner-occupant and rental use potential.
Property Size1,948 SF
Price / SF$215.61
Days on Market86
Property Features for 3920 E Fairmount St
General Information
Standard status
Active
Size
1,948 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x 3BR/2BA, 1 x 2BR/1BA
Multifamily Units
2
Building Details
Year Built
2026
Buildings
1
Construction
modern
Listing Agency:
Real Broker
Listed By:
Daniel R Biel · License #160
(520) 850-8080
Source:
Thetucsonhomefinder
Added: Jul 23
Changed: Oct 1
Last Checked: Oct 14 at 11:02PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This pre-construction duplex is planned as a 1,948-square-foot residential income property with two distinct units: one offering three bedrooms and two bathrooms, and the other providing two bedrooms and one bathroom. The design includes high ceilings, granite countertops, and a tile roof. Builder-model photographs represent the proposed construction rather than the completed property, with a stated 2026 build year.
Located at 3920 E Fairmount Street in Tucson’s Garden District, the property is near Whole Foods, Trader Joe’s, the University of Arizona, and neighborhood parks. The configuration supports either leasing both units or occupying one residence while using the second as a rental, subject to applicable requirements.
Located at 3920 E Fairmount Street in Tucson’s Garden District, the property is near Whole Foods, Trader Joe’s, the University of Arizona, and neighborhood parks. The configuration supports either leasing both units or occupying one residence while using the second as a rental, subject to applicable requirements.
Key Highlights
- Two‑unit duplex with 1,948 square feet
- Unit mix includes 3BR/2BA and 2BR/1BA residences
- Pre‑construction property with a stated 2026 build year
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.
How Realmo checks its estimates
Property Analytics
Current Use
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
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Pre-construction two-unit property with flexible owner-occupant and rental use potential.
Where is this duplex located?
The property is located at 3920 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 1,948 square feet; Unit mix includes 3BR/2BA and 2BR/1BA residences; Pre‑construction property with a stated 2026 build year
