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Updated Quadplex with Fenced Yards

5011 E 1st Street, Tucson, AZ 85711

For Sale
$525,000

Residential Income, Ranch, Southwestern, Tucson, AZ

Property Size2,548 SF
Lot Size0.20 Acres
Price / SF$206.04
Days on Market102

Property Features for 5011 E 1st Street

General Information

Property type Residential Multi Family
Property subtype Quadruplex
Zoning Tucson - R2
Parking 8
Interior features Beamed Ceilings
Fencing Chain Link
Appliances Double Sink, Gas Range, Refrigerator
Subdivision Speedway Tracts
Lot features Decorative Gravel, North/ South 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 Rosemont/Speedway, S to 1st, W to address.
Standard status Active
APN 127-04-043C
Size 2,548 SF
Lot size 0.20 Acres

Additional Details

Tenant in Place Yes
Individually Metered Utilities electricity, gas

Taxes and HOA fees

Tax Year 2025
Tax Description From Parcel:12704043A /Speedway Tracts N67.88' S97.88' Lot 2 Blk 2
Legal Description From Parcel:12704043A /Speedway Tracts N67.88' S97.88' Lot 2 Blk 2

Utilities

Heating system Wall Furnace, Natural Gas
Cooling system Evaporative Cooling, Wall Unit(s)
Water source Public

Amenities

fenced backyards
laundry rooms

Building Details

Year built 1947
Number of units 4
Building materials Block, Masonry Stucco
Roof type Built-Up
Architectural style Ranch
Buildings 2
Listing Agency: Keller Williams Southern Arizona · Keller Williams Realty
Listed By: Kelly Garcia
Added: Aug 4 Changed: Nov 2 Last Checked: Nov 13 at 11:06PM
MLS# 22618981

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.

Rey
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Investment Insights

Based on property information with market context.

This Tucson quadplex contains 2 duplex buildings with four 1-bedroom, 1-bath residences across 2,548 square feet. Each unit includes a kitchen with a refrigerator and gas range, a laundry room, and a fenced backyard. Three of the four interiors feature updated paint, LVP flooring, and several newer appliances. Building improvements include re-piped water lines, serviced and coated built-up roofs, and fresh exterior paint. Cooling is provided by evaporative systems with window AC assistance, while wall furnaces provide natural-gas heat.

The property occupies 0.2 acres in Tucson and is zoned Tucson - R2. Electric and gas are separately metered, with tenants paying those utilities; water, sewer, and trash are shared by building and paid by the landlord. Off-street parking accommodates at least 2 vehicles per unit.

Key Highlights

  • Fourplex configured as 2 duplex buildings with four 1‑bedroom, 1‑bath units
  • 2,548 square feet on 0.2 acres in Tucson - R2 zoning
  • At least 2 off‑street parking spaces per unit, plus fenced backyards

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr
$28,552
Cap Rate
5.44%
Suggested Prices Based on Cap Rates
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
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 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 (±1% cap)
NOI $28,552 @ 7.0% cap · market cap 5.44%
Second Best
Apartment 5plus
$374.0K
$327.3K – $436.4K (±1% cap)
NOI $26,181 @ 7.0% cap · market cap 4.99%
Theoretical Best
Office A
$661.9K
$579.2K – $772.2K (±1% cap)
NOI $46,334 @ 7.0% cap · market cap 8.83%
Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Lease Details

4
Residential units
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

1,542
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Average Price Trend$/SF for Quadplexes in Tucson, AZ

$205 Jul
$198 Aug
$207 Sep
$200 Oct

Properties on Market for Quadplexes in Tucson

Jul
Aug
Sep
Oct

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025

Frequently Asked Questions

What type of property is this?
Quadplex - Four one-bedroom residences offer separately metered electric and gas, private yards, and off-street parking.
Where is this quadplex located?
The property is located at 5011 E 1st Street Tucson, AZ.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Fourplex configured as 2 duplex buildings with four 1‑bedroom, 1‑bath units; 2,548 square feet on 0.2 acres in Tucson - R2 zoning; At least 2 off‑street parking spaces per unit, plus fenced backyards
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