Remodeled Duplex with Two
For Sale
$259,900
50375039 5037&5039 E 1st St, Tucson, AZ 85711
Updated kitchens, bathrooms, windows, plumbing, and mini-split systems serve both residences.
Property Size1,085 SF
Price / SF$239.54
Days on Market87
Property Features for 50375039 5037&5039 E 1st St
General Information
Standard status
Active
Size
1,085 SF
Property subtype
Multi-Family
Zoning
R-2
Units
Unit Mix
2 x 1BR/1BA
Multifamily Units
2
Additional Details
Public Transit
Yes
Building Details
Year Built
1947
Buildings
1
Construction
masonry
Listing Agency:
Russ Lyon Sotheby's International Realty
Listed By:
Marta Harvey · License #SA521055000
(520) 906-0367
Source:
Collaborative-agents
Added: Jul 21
Changed: Oct 9
Last Checked: Oct 7 at 5:00PM
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 Russ Lyon Sotheby's International Realty
Investment Insights
Based on property information with market context.
This 1,085-square-foot masonry duplex contains two matching residences, each with 1 bedroom and 1 bathroom. The interiors feature 1' x 2' tile flooring throughout, along with renovated kitchens and bathrooms. Improvements also include new windows, upgraded plumbing, and two mini-split air-conditioning systems in each unit for separate climate control.
The property occupies an R-2 lot at 5037 and 5039 E 1st St in Tucson. Shopping, dining, bus lines, and a neighborhood park are located nearby. The duplex has been rented for decades under the same ownership. The R-2 designation may permit additional buildings, subject to buyer verification.
The property occupies an R-2 lot at 5037 and 5039 E 1st St in Tucson. Shopping, dining, bus lines, and a neighborhood park are located nearby. The duplex has been rented for decades under the same ownership. The R-2 designation may permit additional buildings, subject to buyer verification.
Key Highlights
- Two matching 1‑bedroom, 1‑bathroom units
- 1,085‑square‑foot masonry duplex built in 1947
- 1' x 2' tile flooring installed throughout both residences
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,158
Cap Rate
4.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$243,160
$243.2K
Cap Rate 7%
$173,686
$173.7K
Cap Rate 9%
$135,089
$135.1K
Market Conditions
NOI Build-Up for 1,085 SF
Gross rent
$18.9K $17.40/SF
− Vacancy
−$1.5K −$1.39/SF
EGI
$17.4K $16.01/SF
− OpEx
−$5.2K −$4.80/SF
NOI
$12.2K $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%
$243,160
Cap Rate 7%
$173,686
Cap Rate 9%
$135,089
Alternative Uses
Best Use
Multifamily LT 5
$173.7K
$152.0K – $202.6K
NOI $12,158 @ 7.0% cap · market cap 4.68%
Second Best
Apartment 5plus
$159.3K
$139.4K – $185.8K
NOI $11,149 @ 7.0% cap · market cap 4.29%
Theoretical Best
Office A
$281.9K
$246.6K – $328.8K
NOI $19,730 @ 7.0% cap · market cap 7.59%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
126
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 - Updated kitchens, bathrooms, windows, plumbing, and mini-split systems serve both residences.
Where is this duplex located?
The property is located at 50375039 5037&5039 E 1st St Tucson, AZ.
What is the asking price?
The asking price for this property is $259,900.
What are key features of this property?
This property features: Two matching 1‑bedroom, 1‑bathroom units; 1,085‑square‑foot masonry duplex built in 1947; 1' x 2' tile flooring installed throughout both residences
