Quadplex with Studio
For Sale
$499,000
3931 E Paseo Dorado, Tucson, AZ 85711
Residential property with air-conditioned studios and a two-bedroom home near shopping, Randolph Park, and the University of Arizona.
Property Size1,810 SF
Price / SF$275.69
Days on Market116
Property Features for 3931 E Paseo Dorado
General Information
Standard status
Active
Size
1,810 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
San Gabriel
Units
Unit Mix
3 x studio, 1 x 2BR
Multifamily Units
4
Amenities
air conditioning
central heating and cooling
Building Details
Year Built
1946
Listing Agency:
United Real Estate Specialists
Listed By:
Victor J Cabibo · License #37834
(973) 934-2100
Source:
Exploretucsonproperties
Added: Jul 10
Changed: Nov 1
Last Checked: Nov 1 at 6:12AM
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 United Real Estate Specialists
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Investment Insights
Based on property information with market context.
This 1,810-square-foot quadplex was built in 1946 and contains four residential units. The configuration includes three studio apartments with air conditioning and one two-bedroom home equipped with central heating and cooling.
The property is located at 3931 E Paseo Dorado in Tucson, near shopping, Randolph Park, and the University of Arizona. Its mix of studio and two-bedroom accommodations provides a varied residential layout within one multifamily asset.
The property is located at 3931 E Paseo Dorado in Tucson, near shopping, Randolph Park, and the University of Arizona. Its mix of studio and two-bedroom accommodations provides a varied residential layout within one multifamily asset.
Key Highlights
- Four‑unit quadplex at 3931 E Paseo Dorado, Tucson, AZ 85711
- 1,810 square feet; built in 1946
- Three air‑conditioned studio units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,282
Cap Rate
4.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$405,640
$405.6K
Cap Rate 7%
$289,743
$289.7K
Cap Rate 9%
$225,356
$225.4K
Market Conditions
NOI Build-Up for 1,810 SF
Gross rent
$31.5K $17.40/SF
− Vacancy
−$2.5K −$1.39/SF
EGI
$29.0K $16.01/SF
− OpEx
−$8.7K −$4.80/SF
NOI
$20.3K $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%
$405,640
Cap Rate 7%
$289,743
Cap Rate 9%
$225,356
Alternative Uses
Best Use
Multifamily LT 5
$289.7K
$253.5K – $338.0K
NOI $20,282 @ 7.0% cap · market cap 4.06%
Second Best
Apartment 5plus
$265.7K
$232.5K – $310.0K
NOI $18,598 @ 7.0% cap · market cap 3.73%
Theoretical Best
Office A
$470.2K
$411.4K – $548.6K
NOI $32,914 @ 7.0% cap · market cap 6.60%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
451
Businesses Nearby
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Business Placement
Demographics for 85711, AZ
41,518
Population
19,774
Households
2.1
Avg Household Size
39
Median Age
30%
College-Educated
88%
High-School Grad
8.6 sq mi
ZIP Area
4,828
Density / Sq Mi
$52,358
Median Household Income
$35,130
Median Earnings
$1,001
Median Rent
$248,600
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Residential property with air-conditioned studios and a two-bedroom home near shopping, Randolph Park, and the University of Arizona.
Where is this quadplex located?
The property is located at 3931 E Paseo Dorado Tucson, AZ.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Four‑unit quadplex at 3931 E Paseo Dorado, Tucson, AZ 85711; 1,810 square feet; built in 1946; Three air‑conditioned studio units
