Updated Ranch
New
For Sale
$350,000
4735 E 4th Street, Tucson, AZ 85711
Residential Income, Ranch, Tucson, AZ
Property Size1,454 SF
Lot Size0.21 Acres
Price / SF$240.72
Days on Market2
Property Features for 4735 E 4th Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
Tucson - R1
Parking
4
Fencing
Chain Link
Appliances
Electric Range, Dishwasher, Refrigerator
Subdivision
Swan Addition
Lot features
Decorative Gravel, East/ West Exposure, Subdivided
Elementary school
Howell
Middle school
Alice Vail
High school
Rincon
Elementary school district
TUSD
Middle school district
TUSD
High school district
TUSD
Directions
From Speedway, south on Swan, East on 4th st. Address on the left.
Standard status
Active
APN
12705033A
Size
1,454 SF
Lot size
0.21 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Legal Attached
Legal Description
Legal Attached
Utilities
Heating system
Forced Air, Electric (Heating)
Cooling system
Central Air
Water source
Public
Amenities
private yards
Building Details
Year built
1945
Number of units
2
Flooring type
Tile - Ceramic, Vinyl
Building materials
Brick
Roof type
Shingle, Built-Up
Architectural style
Ranch
Listing Agency:
Tierra Antigua Realty
(520) 290-2335
Listed By:
Ranel V Cox
(520) 331-5221
Added: Aug 20
Last Checked: Aug 21 at 5:06PM
MLS# 22620271
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 ranch-style duplex includes a 2-bedroom, 1-bathroom main residence and a separate 1-bedroom, 1-bathroom guest home. The main unit features a remodeled kitchen and bathroom, while the guest home offers an updated kitchen with stainless steel appliances. Both residences have private yards, individual electric and water meters, and dedicated HVAC systems. The property also includes four parking spaces on a 0.21-acre lot.
Built in 1945, the 1,454-square-foot property has brick construction, ceramic tile and vinyl flooring, chain-link fencing, public water, central air, and forced-air electric heating. Recent improvements include a 2023 roof, 2023 HVAC systems, and a 2026 water heater. The property is zoned Tucson - R1 and located at 4735 E 4th Street in Tucson, Arizona.
Built in 1945, the 1,454-square-foot property has brick construction, ceramic tile and vinyl flooring, chain-link fencing, public water, central air, and forced-air electric heating. Recent improvements include a 2023 roof, 2023 HVAC systems, and a 2026 water heater. The property is zoned Tucson - R1 and located at 4735 E 4th Street in Tucson, Arizona.
Key Highlights
- Duplex with 1,454 square feet on a 0.21‑acre lot
- Main residence has 2 bedrooms and 1 bathroom
- Guest home includes 1 bedroom and 1 bathroom
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
$16,293
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
4.66%
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%
$325,860
$325.9K
Cap Rate 7%
$232,757
$232.8K
Cap Rate 9%
$181,033
$181.0K
Market Conditions
NOI Build-Up for 1,454 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
$25.3K $17.40/SF
− Vacancy
−$2.0K −$1.39/SF
EGI
$23.3K $16.01/SF
− OpEx
−$7.0K −$4.80/SF
NOI
$16.3K $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%
$325,860
Cap Rate 7%
$232,757
Cap Rate 9%
$181,033
Alternative Uses
Best Use
Multifamily LT 5
$232.8K
$203.7K – $271.6K
NOI $16,293 @ 7.0% cap · market cap 4.66%
Second Best
Apartment 5plus
$213.4K
$186.8K – $249.0K
NOI $14,940 @ 7.0% cap · market cap 4.27%
Theoretical Best
Office A
$377.7K
$330.5K – $440.7K
NOI $26,440 @ 7.0% cap · market cap 7.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,053
Businesses Nearby
Explore this area
Business Placement
Demographics for 85711, AZ
41,518
Population
19,774
Households
2.1
Avg Household Size
39
Median Age
30%
College-Educated
88%
High-School Grad
8.6 sq mi
ZIP Area
4,828
Density / Sq Mi
$52,358
Median Household Income
$35,130
Median Earnings
$1,001
Median Rent
$248,600
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 - Two separately metered homes offer flexible occupancy and income use.
Where is this duplex located?
The property is located at 4735 E 4th Street Tucson, AZ.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Duplex with 1,454 square feet on a 0.21‑acre lot; Main residence has 2 bedrooms and 1 bathroom; Guest home includes 1 bedroom and 1 bathroom
