Four-Duplex Multifamily
New
For Sale
$499,000
4088 N 1st Ave, Tucson, AZ 85719
Residences feature three-bedroom, two-bath layouts with kitchen appliances and in-unit washers and dryers.
Property Size2,450 SF
Price / SF$203.67
Days on Market4
Property Features for 4088 N 1st Ave
General Information
Standard status
Active
Size
2,450 SF
Property subtype
Multi-Family
Additional Details
Utilities to Site
Yes
Multifamily Units
8
Amenities
ceiling fans
Building Details
Year Built
2006
Buildings
4
Listing Agency:
Coldwell Banker Realty
Listed By:
Karin S. Radzewicz · License #20569
(520) 572-8180
Source:
Searchallarizonahouses
Added: Oct 3
Changed: Oct 6
Last Checked: Oct 5 at 5:48PM
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 Coldwell Banker Realty
Investment Insights
Based on property information with market context.
The property comprises four duplexes, built in 2006. Each residence has an open arrangement connecting the great room, kitchen, and dining area, along with three bedrooms, two bathrooms, and roomy closets. Refrigerators, ranges, dishwashers, washers, and dryers are included in each unit. Central air conditioning and heat-pump systems are separately metered, and tenants pay the utilities.
The property is near the University of Arizona, a mall, shopping, and dining.
The property is near the University of Arizona, a mall, shopping, and dining.
Key Highlights
- Four duplexes built in 2006
- Each unit has 3 bedrooms and 2 bathrooms
- Refrigerator, range, dishwasher, washer, and dryer in each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,174
Cap Rate
5.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$503,480
$503.5K
Cap Rate 7%
$359,629
$359.6K
Cap Rate 9%
$279,711
$279.7K
Market Conditions
NOI Build-Up for 2,450 SF
Gross rent
$50.0K $20.40/SF
− Vacancy
−$4.2K −$1.72/SF
EGI
$45.8K $18.68/SF
− OpEx
−$20.6K −$8.41/SF
NOI
$25.2K $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%
$503,480
Cap Rate 7%
$359,629
Cap Rate 9%
$279,711
Alternative Uses
Best Use
Apartment 5plus
$359.6K
$314.7K – $419.6K
NOI $25,174 @ 7.0% cap · market cap 5.04%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$636.5K
$556.9K – $742.5K
NOI $44,552 @ 7.0% cap · market cap 8.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
8
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
917
Businesses Nearby
Explore this area
Business Placement
Demographics for 85719, AZ
46,242
Population
21,707
Households
2.1
Avg Household Size
27
Median Age
46%
College-Educated
93%
High-School Grad
8.0 sq mi
ZIP Area
5,780
Density / Sq Mi
$41,086
Median Household Income
$17,430
Median Earnings
$1,051
Median Rent
$266,900
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?
Multifamily property - Residences feature three-bedroom, two-bath layouts with kitchen appliances and in-unit washers and dryers.
Where is this multifamily property located?
The property is located at 4088 N 1st Ave 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 duplexes built in 2006; Each unit has 3 bedrooms and 2 bathrooms; Refrigerator, range, dishwasher, washer, and dryer in each unit
