Quadplex with New
For Sale
$562,500
Pending
4118 N 1st Ave Bldg 2, Tucson, AZ 85719
Central Tucson property with varied floor plans, private outdoor areas, and resident parking.
Property Size3,628 SF
Days on Market68
Property Features for 4118 N 1st Ave Bldg 2
General Information
Standard status
Pending
Size
3,628 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 3BR/2BA, 2 x 2BR/2BA
Multifamily Units
4
Parking per Unit
2
Amenities
kitchen appliances
in-unit laundry hookups
private gated outdoor space
roll-in showers with grab bars
Building Details
Year Built
1998
Buildings
1
Listing Agency:
Tierra Antigua Realty
Listed By:
Adrienne Arino Canez
(520) 544-2335
Source:
Thetucsonhomefinder
Added: Aug 10
Changed: Oct 10
Last Checked: Oct 16 at 9:02AM
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 Tierra Antigua Realty
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Investment Insights
Based on property information with market context.
This four-unit multifamily property in central Tucson includes two 3-bedroom, 2-bathroom residences and two 2-bedroom, 2-bathroom residences. The smaller units feature roll-in showers with grab bars. All residences include kitchen appliances and hookups for in-unit laundry. Each unit also has a private, gated outdoor area, providing dedicated exterior space for residents.
The property is located at 4118 N 1st Ave, near shopping centers and a variety of local restaurants. Parking is assigned at two dedicated spaces per unit. Recent improvements include a new roof, adding a substantial update to the property’s physical systems.
The property is located at 4118 N 1st Ave, near shopping centers and a variety of local restaurants. Parking is assigned at two dedicated spaces per unit. Recent improvements include a new roof, adding a substantial update to the property’s physical systems.
Key Highlights
- Four‑unit property with two 3‑bedroom, 2‑bathroom units and two 2‑bedroom, 2‑bathroom units
- Two 2‑bedroom units include roll‑in showers with grab bars
- Kitchen appliances and in‑unit laundry hookups in every unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,654
Cap Rate
7.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$813,080
$813.1K
Cap Rate 7%
$580,771
$580.8K
Cap Rate 9%
$451,711
$451.7K
Market Conditions
NOI Build-Up for 3,628 SF
Gross rent
$63.1K $17.40/SF
− Vacancy
−$5.1K −$1.39/SF
EGI
$58.1K $16.01/SF
− OpEx
−$17.4K −$4.80/SF
NOI
$40.7K $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%
$813,080
Cap Rate 7%
$580,771
Cap Rate 9%
$451,711
Alternative Uses
Best Use
Multifamily LT 5
$580.8K
$508.2K – $677.6K
NOI $40,654 @ 7.0% cap · market cap 7.23%
Second Best
Apartment 5plus
$532.6K
$466.0K – $621.3K
NOI $37,279 @ 7.0% cap · market cap 6.63%
Theoretical Best
Office A
$942.5K
$824.7K – $1.10M
NOI $65,973 @ 7.0% cap · market cap 11.73%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
4
Residential units
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
Frequently Asked Questions
What type of property is this?
Quadplex - Central Tucson property with varied floor plans, private outdoor areas, and resident parking.
Where is this quadplex located?
The property is located at 4118 N 1st Ave Bldg 2 Tucson, AZ.
What is the asking price?
The asking price for this property is $562,500.
What are key features of this property?
This property features: Four‑unit property with two 3‑bedroom, 2‑bathroom units and two 2‑bedroom, 2‑bathroom units; Two 2‑bedroom units include roll‑in showers with grab bars; Kitchen appliances and in‑unit laundry hookups in every unit
