Contemporary Duplex on Flag
4224 E Lee Street Tucson, AZ 85712
4224 E Lee Street, Tucson, AZ, 85712
$339,500
For Sale
Under Contract
$339,500
MULTI_FAMILY - Contemporary - Tucson, AZ
Property Size1,848 SF
Lot Size0.25 Acres
Price / SF$183.71
Days on Market48
Property Features for 4224 E Lee Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- Tucson - R2
- Parking
- 4
- Fencing
- Barbed Wire
- Appliances
- Refrigerator
- Standard status
- Active Under Contract
- APN
- 122-13-151B
- Size
- 1,848 SF
- Lot size
- 0.25 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- From Parcel:122131510 /Speedway No 1 W60' Lot 8 Exc N116.67' Blk 9
Utilities
- Heating system
- Forced Air
- Cooling system
- Central Air, Ceiling Fan(s)
Building Details
- Year built
- 2003
- Number of units
- 2
- Flooring type
- Tile - Ceramic
- Building materials
- Block
- Roof type
- Shingle
- Architectural style
- Contemporary
Listing Agency
Tierra Antigua Realty
(520) 544-2335
1650 E River Rd Suite 202, Tucson, AZ
Listed by
Xing Shen
(520) 668-0114
Added: May 30 Checked: Jul 16 at 8:06 pm
MLS# 22613720
Listing URL
Copyright © 2026 Multiple Listing Service of Southern Arizona. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This contemporary duplex features two separate units totaling 1,848 square feet, built in 2003, on a flag lot. Unit 1 offers 3 bedrooms and 2 bathrooms, and it is vacant. Unit 2 offers 2 bedrooms and 1 bathroom, and it is also vacant. The property includes multiple recent mechanical and exterior updates, including HVAC replacement for Unit 1 in 2019 and HVAC replacement for Unit 2 in 2023. A water heater replacement was completed in 2023 for Unit 2, and the whole roof was replaced in 2023.
The property is located at 4224 E Lee Street in Tucson, AZ 85712, in Pima County, under Tucson R2 zoning. With two units and on-site parking configuration not specified in the provided information, the layout supports straightforward duplex operations for an owner-occupant or investor seeking a manageable residential income structure.
As a for-sale duplex, the current vacancy of both units can allow new ownership to position the property for the next occupancy cycle. With documented replacements to key systems such as HVAC, water heating, and the roof, the asset offers practical appeal for buyers focused on reducing near-term capex tied to those components.
The property is located at 4224 E Lee Street in Tucson, AZ 85712, in Pima County, under Tucson R2 zoning. With two units and on-site parking configuration not specified in the provided information, the layout supports straightforward duplex operations for an owner-occupant or investor seeking a manageable residential income structure.
As a for-sale duplex, the current vacancy of both units can allow new ownership to position the property for the next occupancy cycle. With documented replacements to key systems such as HVAC, water heating, and the roof, the asset offers practical appeal for buyers focused on reducing near-term capex tied to those components.
Key Highlights
- Duplex built in 2003 with a total of 1,848 SF
- Flag lot configuration
- Unit 1: 3 bed/2 bath; rent $1,290/month; HVAC replaced in 2019; vacant now
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $32.2k | $17.40 |
| − Vacancy | −$2.6k | −$1.39 |
| EGI | $29.6k | $16.01 |
| − OpEx | −$8.9k | −$4.80 |
| NOI | $20.7k | $11.21 |
1,848 SF · lease $17.40/SF/yr · vacancy 8.00% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$295.8K
$258.9K – $345.1K
NOI $20,708 @ 7.0% cap · market cap 6.10%
Second Best
Apartment 5plus
$271.3K
$237.4K – $316.5K
NOI $18,989 @ 7.0% cap · market cap 5.59%
Theoretical Best
Office A
$480.1K
$420.1K – $560.1K
NOI $33,605 @ 7.0% cap · market cap 9.90%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - Contemporary two-unit duplex with recent HVAC and roof replacements, offered as a residential income property.
Where is this duplex located?
The property is located at 4224 E Lee Street Tucson, AZ.
What is the asking price?
The asking price for this property is $339,500.
What are key features of this property?
This property features: Duplex built in 2003 with a total of 1,848 SF; Flag lot configuration; Unit 1: 3 bed/2 bath; rent $1,290/month; HVAC replaced in 2019; vacant now
