Modern Multifamily
502 S Fremont Avenue 1, Tucson, AZ 85719
For Sale
New
$1,895,000
Interior amenities include central air conditioning and electric heat-pump heating.
Property Size5,328 SF
Price / SF$355.67
Days on Market5
Property Features for 502 S Fremont Avenue 1
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Net Operating Income
Site & Location
Neighborhood
Amenities
Sidewalks, None
Accessible Approach with Ramp, Grip-Accessible Features, Accessible Full Bath, Accessible Doors
Central Air
Heat Pump, Electric
Electric Range, Dishwasher, Electric Water Heater
Walk-In Closet(s), Pantry, High Speed Internet
City, Mountain(s)
Modern
Building Details
Building Size
Year Built
Listing Agency:
Realty Executives Arizona Territory
Listed By:
Eddie D Watters · License AZ #31442
(520) 237-5607
Source:
Evrealestate
Added: Nov 11
Changed: Nov 14
Last Checked: Nov 14 at 2:18PM
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 Realty Executives Arizona Territory
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This multifamily property in Tucson was built in 2026 and features a modern exterior. Interior amenities include central air, an electric heat pump, and high-speed internet. The kitchen is equipped with an electric range, dishwasher, and electric water heater; walk-in closet and pantry are also listed.
The property is zoned Pima County - CR3. City and mountain views are noted.
The property is zoned Pima County - CR3. City and mountain views are noted.
Key Highlights
- Built in 2026
- Zoned Pima County - CR3
- Central air and electric heat pump
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$54,747
Cap Rate
2.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,094,940
$1.1M
Cap Rate 7%
$782,100
$782.1K
Cap Rate 9%
$608,300
$608.3K
Market Conditions
NOI Build-Up for 5,328 SF
Gross rent
$108.7K $20.40/SF
− Vacancy
−$9.2K −$1.72/SF
EGI
$99.5K $18.68/SF
− OpEx
−$44.8K −$8.41/SF
NOI
$54.7K $10.28/SF
Area
Tucson, AZ
Vacancy
8.42%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,094,940
Cap Rate 7%
$782,100
Cap Rate 9%
$608,300
Alternative Uses
Best Use
Apartment 5plus
$782.1K
$684.3K – $912.5K
NOI $54,747 @ 7.0% cap · market cap 2.89%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.38M
$1.21M – $1.61M
NOI $96,886 @ 7.0% cap · market cap 5.11%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Location Intelligence
Trade Area within ½ mile
1,124
Businesses Nearby
Explore this area
Business Placement
Demographics for 85719, AZ
46,242
Population
21,707
Households
2.1
Avg Household Size
27
Median Age
46%
College-Educated
93%
High-School Grad
8.0 sq mi
ZIP Area
5,780
Density / Sq Mi
$41,086
Median Household Income
$17,430
Median Earnings
$1,051
Median Rent
$266,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Multifamily properties in Tucson, AZ
Properties on Market for Multifamily properties in Tucson
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Multifamily property - Interior amenities include central air conditioning and electric heat-pump heating.
Where is this multifamily property located?
The property is located at 502 S Fremont Avenue 1 Tucson, AZ.
What is the asking price?
The asking price for this property is $1,895,000.
What are key features of this property?
This property features: Built in 2026; Zoned Pima County - CR3; Central air and electric heat pump
