Two-Unit Income
For Sale
$250,000
419 W Palmdale St, Tucson, AZ 85714
The property was constructed in 1943 and has reported Section 8 payments.
Property Size1,842 SF
Price / SF$135.72
Days on Market43
Property Features for 419 W Palmdale St
General Information
Standard status
Active
Size
1,842 SF
Property subtype
Multi-Family
Additional Details
Gross Income
$36,000
Building Details
Year Built
1943
Listing Agency:
RealtyFelix.Com LLC
(520) 390-6920
Listed By:
Felix H Gafner · License #BR537277000
Source:
Wowrealestate
Added: Jul 20
Changed: Aug 28
Last Checked: Aug 30 at 7:30PM
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 RealtyFelix.Com LLC
Investment Insights
Based on property information with market context.
This duplex at 419 W Palmdale St in Tucson, Arizona, provides 1,842 square feet across a two-unit residential configuration. Built in 1943, the property is classified as a duplex and is offered for sale.
The property information reports Section 8 payments associated with the residence, providing an established income component for the next owner.
The property information reports Section 8 payments associated with the residence, providing an established income component for the next owner.
Key Highlights
- 1,842 SF duplex
- Built in 1943
- Located at 419 W Palmdale St, Tucson, AZ 85714
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$20,641
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.26%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$412,820
$412.8K
Cap Rate 7%
$294,871
$294.9K
Cap Rate 9%
$229,344
$229.3K
Market Conditions
NOI Build-Up for 1,842 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$32.1K $17.40/SF
− Vacancy
−$2.6K −$1.39/SF
EGI
$29.5K $16.01/SF
− OpEx
−$8.8K −$4.80/SF
NOI
$20.6K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$412,820
Cap Rate 7%
$294,871
Cap Rate 9%
$229,344
Alternative Uses
Best Use
Multifamily LT 5
$294.9K
$258.0K – $344.0K
NOI $20,641 @ 7.0% cap · market cap 8.26%
Second Best
Apartment 5plus
$270.4K
$236.6K – $315.5K
NOI $18,927 @ 7.0% cap · market cap 7.57%
Theoretical Best
Office A
$478.5K
$418.7K – $558.3K
NOI $33,496 @ 7.0% cap · market cap 13.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,235
Businesses Nearby
Explore this area
Business Placement
Demographics for 85714, AZ
14,232
Population
5,589
Households
2.5
Avg Household Size
38
Median Age
10%
College-Educated
69%
High-School Grad
5.6 sq mi
ZIP Area
2,541
Density / Sq Mi
$47,093
Median Household Income
$30,204
Median Earnings
$879
Median Rent
$177,100
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - The property was constructed in 1943 and has reported Section 8 payments.
Where is this duplex located?
The property is located at 419 W Palmdale St Tucson, AZ.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: 1,842 SF duplex; Built in 1943; Located at 419 W Palmdale St, Tucson, AZ 85714
