Modern Quadplex with
For Sale
Under Contract
$1,749,000
443 S Stone Avenue, Tucson, AZ 85701
Residential Income, Modern, Tucson, AZ
Property Size5,039 SF
Lot Size0.15 Acres
Price / SF$347.09
Days on Market245
Property Features for 443 S Stone Avenue
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning
Tucson - HC3
Parking
8
Interior features
Adobe, Bath Exhaust Out, Dual-Flush Toilets
Exterior features
Courtyard
Accessibility
Accessible Doors
Appliances
Prep Sink
Lot features
Decorative Gravel, Shrubs, Corner Lot, East/ West Exposure, North/ South Exposure, Subdivided
View
City
Elementary school
Safford K-8 Magnet
Middle school
Safford K-8 Magnet
High school
Tucson
Elementary school district
TUSD
Middle school district
TUSD
High school district
TUSD
Directions
I-10, E. on Congress, S. on South Stone Av., property located on corner of Stone and 15th St.
Subdivision
Central
Standard status
Active Under Contract
APN
117-14-2040
Size
5,039 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
From Parcel:001010010 /Tucson Lot 2 Exc E106' & N5' Lot 3 Exc E106' Blk 238
Legal Description
From Parcel:001010010 /Tucson Lot 2 Exc E106' & N5' Lot 3 Exc E106' Blk 238
Utilities
Heating system
Heat Pump (Heating)
Cooling system
Heat Pump, Ceiling Fan(s), Central Air
Water source
Public
Amenities
courtyard
laundry rooms
storage room
Building Details
Year built
1937
Number of units
4
Building materials
Brick, Frame - Stucco, Adobe
Roof type
Rolled Hot Mop, Built-Up
Architectural style
Modern
Listing Agency:
Tierra Antigua Realty
(520) 544-2335
Listed By:
Haydee Sanchez
(520) 389-4199
Added: Feb 3
Changed: Sep 26
Last Checked: Oct 6 at 9:06AM
MLS# 22603229
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 5,039-square-foot quadplex was built in 1937 and combines adobe, brick, and frame-stucco construction with a modern architectural approach. The property includes eight studio or creative office spaces, each with a new bathroom and the option for a kitchenette. Two laundry rooms provide five stackable hookups, while an indoor storage or bonus room adds functional support space. A courtyard serves as the principal exterior feature, and the building also offers accessible doors, public water, heat-pump systems, central air, ceiling fans, and dual-flush toilets.
Located at 443 S Stone Avenue in Tucson’s Historic Armory Park, the property carries HC-3 zoning for office and permitted residential uses. Public parking and spaces are available on 15th Street and Stone Avenue. The site occupies 0.15 acres in ZIP Code 85701 and is served by TUGO Bikeshare.
Located at 443 S Stone Avenue in Tucson’s Historic Armory Park, the property carries HC-3 zoning for office and permitted residential uses. Public parking and spaces are available on 15th Street and Stone Avenue. The site occupies 0.15 acres in ZIP Code 85701 and is served by TUGO Bikeshare.
Key Highlights
- 5,039‑square‑foot quadplex on a 0.15‑acre lot
- Eight studios or creative office spaces, each with a new bathroom and kitchenette option
- HC‑3 zoning allows office and permitted residential use
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$73,632
Cap Rate
4.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,472,640
$1.5M
Cap Rate 7%
$1,051,886
$1.1M
Cap Rate 9%
$818,133
$818.1K
Market Conditions
NOI Build-Up for 5,039 SF
Gross rent
$108.8K $21.60/SF
− Vacancy
−$10.7K −$2.12/SF
EGI
$98.2K $19.48/SF
− OpEx
−$24.5K −$4.87/SF
NOI
$73.6K $14.61/SF
Area
Tucson, AZ
Vacancy
9.80%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,472,640
Cap Rate 7%
$1,051,886
Cap Rate 9%
$818,133
Alternative Uses
Best Use
Office B
$1.05M
$920.4K – $1.23M
NOI $73,632 @ 7.0% cap · market cap 4.21%
Second Best
Mixed Use
$884.3K
$773.8K – $1.03M
NOI $61,904 @ 7.0% cap · market cap 3.54%
Theoretical Best
Office A
$1.31M
$1.15M – $1.53M
NOI $91,631 @ 7.0% cap · market cap 5.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
8
Office units
8
Residential units
Location Intelligence
Trade Area within ½ mile
2,888
Businesses Nearby
Explore this area
Business Placement
Demographics for 85701, AZ
5,132
Population
3,631
Households
1.4
Avg Household Size
37
Median Age
57%
College-Educated
91%
High-School Grad
1.5 sq mi
ZIP Area
3,421
Density / Sq Mi
$52,672
Median Household Income
$43,762
Median Earnings
$1,183
Median Rent
$451,500
Median Home Value
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Market
Vacancy Rate% for Office in Tucson, AZ
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Frequently Asked Questions
What type of property is this?
Quadplex - HC-3 zoning accommodates office use and permitted residential use in a flexible studio-oriented property.
Where is this quadplex located?
The property is located at 443 S Stone Avenue Tucson, AZ.
What is the asking price?
The asking price for this property is $1,749,000.
What are key features of this property?
This property features: 5,039‑square‑foot quadplex on a 0.15‑acre lot; Eight studios or creative office spaces, each with a new bathroom and kitchenette option; HC‑3 zoning allows office and permitted residential use
