Updated Duplex With Modern
For Sale
$515,000
510 N Iroquois Ave, Tucson, AZ 85745
Two separately configured residences offer updated finishes, contemporary kitchens, and current occupancy across the property.
Property Size2,749 SF
Price / SF$187.34
Days on Market151
Property Features for 510 N Iroquois Ave
General Information
Standard status
Active
Size
2,749 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x 3BR/2BA, 1 x 4BR/2BA
Multifamily Units
2
Building Details
Year Built
1972
Listing Agency:
Keller Williams Southern Arizona
Listed By:
Johanna Rhodes · License #BR523234000
(520) 471-2114
Source:
Anthony.viewalltucsonhomes
Added: May 9
Changed: Oct 1
Last Checked: Oct 5 at 7:28PM
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 2,749-square-foot duplex, built in 1972, combines two distinct residences with a practical bedroom and bathroom layout. One unit includes 3 bedrooms and 2 bathrooms, while the other provides 4 bedrooms and 2 bathrooms. Both units are currently rented, and the property can accommodate an investor or an owner-occupant seeking an additional residential unit.
Recent improvements include newer HVAC systems, water heaters, and other major components. Hard-surface flooring extends throughout the interiors, while open living areas and modern kitchens provide updated functionality. The property is located at 510 N Iroquois Ave in Tucson, Arizona 85745.
Recent improvements include newer HVAC systems, water heaters, and other major components. Hard-surface flooring extends throughout the interiors, while open living areas and modern kitchens provide updated functionality. The property is located at 510 N Iroquois Ave in Tucson, Arizona 85745.
Key Highlights
- Duplex totals 2,749 square feet; built in 1972
- One unit offers 3 bedrooms and 2 bathrooms
- Second unit includes 4 bedrooms and 2 bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,804
Cap Rate
5.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$616,080
$616.1K
Cap Rate 7%
$440,057
$440.1K
Cap Rate 9%
$342,267
$342.3K
Market Conditions
NOI Build-Up for 2,749 SF
Gross rent
$47.8K $17.40/SF
− Vacancy
−$3.8K −$1.39/SF
EGI
$44.0K $16.01/SF
− OpEx
−$13.2K −$4.80/SF
NOI
$30.8K $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%
$616,080
Cap Rate 7%
$440,057
Cap Rate 9%
$342,267
Alternative Uses
Best Use
Multifamily LT 5
$440.1K
$385.1K – $513.4K
NOI $30,804 @ 7.0% cap · market cap 5.98%
Second Best
Apartment 5plus
$403.5K
$353.1K – $470.8K
NOI $28,247 @ 7.0% cap · market cap 5.48%
Theoretical Best
Office A
$714.1K
$624.9K – $833.2K
NOI $49,989 @ 7.0% cap · market cap 9.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,083
Businesses Nearby
Explore this area
Business Placement
Demographics for 85745, AZ
36,774
Population
17,662
Households
2.1
Avg Household Size
42
Median Age
45%
College-Educated
93%
High-School Grad
47.0 sq mi
ZIP Area
782
Density / Sq Mi
$68,608
Median Household Income
$40,353
Median Earnings
$1,128
Median Rent
$324,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two separately configured residences offer updated finishes, contemporary kitchens, and current occupancy across the property.
Where is this duplex located?
The property is located at 510 N Iroquois Ave Tucson, AZ.
What is the asking price?
The asking price for this property is $515,000.
What are key features of this property?
This property features: Duplex totals 2,749 square feet; built in 1972; One unit offers 3 bedrooms and 2 bathrooms; Second unit includes 4 bedrooms and 2 bathrooms
