4-Unit Duplex
For Sale
$549,900
5011 E 1st St, Tucson, AZ 85711
Four one-bedroom residences with private yards, off-street parking, laundry rooms, and separately metered electric and gas.
Property Size2,548 SF
Price / SF$215.82
Days on Market13
Property Features for 5011 E 1st St
General Information
Standard status
Active
Size
2,548 SF
Property subtype
Residential Income
Units
Unit Mix
4 x 1BR/1BA
Multifamily Units
4
Parking per Unit
2
Additional Details
Utilities to Site
Yes
Amenities
laundry rooms
fenced backyards
Building Details
Buildings
2
Listing Agency:
Keller Williams Southern Arizona
(520) 270-2535
Listed By:
Kelly Garcia
(520) 270-2535
Source:
Exprealty
Added: Aug 4
Changed: Aug 15
Last Checked: Aug 15 at 3:39AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Southern Arizona
Investment Insights
Based on property information with market context.
This four-unit residential property is arranged as two duplex buildings, with each residence offering one bedroom and one bathroom. The units include laundry rooms, fenced backyards, and off-street parking for at least two vehicles per residence. The 2,548-square-foot property has re-piped water lines, evaporative coolers supported by two window AC units, and wall heaters. Electric and gas are separately metered by unit, while water, sewer, and trash are shared by building and paid by the landlord.
Both roofs have been serviced and coated, and the exterior has fresh paint. Three of the four interiors feature updated paint and LVP flooring, along with several newer appliances. Kitchens retain the original wood cabinetry and include refrigerators and stoves. The property is located at 5011 E 1st St in Tucson, Arizona.
Both roofs have been serviced and coated, and the exterior has fresh paint. Three of the four interiors feature updated paint and LVP flooring, along with several newer appliances. Kitchens retain the original wood cabinetry and include refrigerators and stoves. The property is located at 5011 E 1st St in Tucson, Arizona.
Key Highlights
- Four units configured as two duplex buildings
- Each unit has 1 bedroom and 1 bath
- 2,548‑square‑foot property with fenced backyards
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
$28,552
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
5.19%
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%
$571,040
$571.0K
Cap Rate 7%
$407,886
$407.9K
Cap Rate 9%
$317,244
$317.2K
Market Conditions
NOI Build-Up for 2,548 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
$44.3K $17.40/SF
− Vacancy
−$3.5K −$1.39/SF
EGI
$40.8K $16.01/SF
− OpEx
−$12.2K −$4.80/SF
NOI
$28.6K $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%
$571,040
Cap Rate 7%
$407,886
Cap Rate 9%
$317,244
Alternative Uses
Best Use
Multifamily LT 5
$407.9K
$356.9K – $475.9K
NOI $28,552 @ 7.0% cap · market cap 5.19%
Second Best
Apartment 5plus
$374.0K
$327.3K – $436.4K
NOI $26,181 @ 7.0% cap · market cap 4.76%
Theoretical Best
Office A
$661.9K
$579.2K – $772.2K
NOI $46,334 @ 7.0% cap · market cap 8.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
4
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,258
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 - Four one-bedroom residences with private yards, off-street parking, laundry rooms, and separately metered electric and gas.
Where is this duplex located?
The property is located at 5011 E 1st St Tucson, AZ.
What is the asking price?
The asking price for this property is $549,900.
What are key features of this property?
This property features: Four units configured as two duplex buildings; Each unit has 1 bedroom and 1 bath; 2,548‑square‑foot property with fenced backyards
