4224 E Lee Street, Tucson, AZ 85712
MULTI_FAMILY - Contemporary - Tucson, AZ
- Added:
- May 30, 2026
- Days on Market:
- 38
- Last Refresh:
- Jul 6 at 4:06 pm
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
- 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 agent Xing Shen (520) 668-0114
Listing office Tierra Antigua Realty 1650 E River Rd Suite 202, Tucson, AZ (520) 544-2335
Listing date May 30, 2026
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.
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
- Unit 2: 2 bed/1 bath; rent $1,090/month; HVAC replaced in 2023; vacant now
- Roof replaced in 2023; water heater replaced in 2023
- Block construction with tile - ceramic flooring and forced air heating
Overview
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.
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 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Tucson
- County
- Pima
- State
- Arizona
- Longitude
- -110.899613
- Latitude
- 32.238917
