Live-Work Studio Property with
443 S Stone Avenue Tucson, AZ 85701
For Sale
$1,749,000
MULTI_FAMILY - Modern - Tucson, AZ
Property Size5,039 SF
Lot Size0.15 Acres
Price / SF$347.09
Days on Market172
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
- Standard status
- Active
- 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
Utilities
- Heating system
- Heat Pump (Heating)
- Cooling system
- Ceiling Fan(s), Central Air, Heat Pump
- Water source
- Public
Building Details
- Year built
- 1937
- Number of units
- 4
- Building materials
- Brick, Frame - Stucco, Adobe
- Roof type
- Built-Up, Rolled Hot Mop
- Architectural style
- Modern
Listing Agency:
Tierra Antigua Realty
(520) 544-2335
Listed By:
Haydee Sanchez
(520) 389-4199
Added: Feb 3
Changed: Jul 24
Last Checked: Jul 25 at 1:06AM
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 live-work property is configured with 8 studios or creative office spaces, each offering a new bathroom and a kitchenette option. Additional conveniences include 2 laundry rooms with stackable hook-ups, a spacious indoor storage or bonus room, and a courtyard.
Located in Historic Armory Park in downtown Tucson, the property is addressed at 443 S Stone Avenue. HC-3 zoning provides for a variety of office use and permitted residential use. Public parking and spaces are available on 15th Street and Stone Avenue, and the area is served by a 91/100 walking/biking score with TUGO bikeshare.
Located in Historic Armory Park in downtown Tucson, the property is addressed at 443 S Stone Avenue. HC-3 zoning provides for a variety of office use and permitted residential use. Public parking and spaces are available on 15th Street and Stone Avenue, and the area is served by a 91/100 walking/biking score with TUGO bikeshare.
Key Highlights
- Historic 1937 modern‑style brick/adobe building with rolled hot mop and built‑up roof
- Live/work setup with 8 studios or creative office spaces, each with a new bathroom and kitchenette option
- HC‑3 zoning allows variety of office use and permitted residential use (see Commercial MLS 22519690)
Financial Insights For Office B
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 | $108.8k | $21.60 |
| − Vacancy | −$10.7k | −$2.12 |
| EGI | $98.2k | $19.48 |
| − OpEx | −$24.5k | −$4.87 |
| NOI | $73.6k | $14.61 |
5,039 SF · lease $21.60/SF/yr · vacancy 9.80% · expense 25.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
FAQs
What type of property is this?
Quadplex - Eight studios/creative office spaces each include a new bathroom and kitchenette option, plus courtyard and on-site laundry rooms.
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: Historic 1937 modern‑style brick/adobe building with rolled hot mop and built‑up roof; Live/work setup with 8 studios or creative office spaces, each with a new bathroom and kitchenette option; HC‑3 zoning allows variety of office use and permitted residential use (see Commercial MLS 22519690)
