Duplex with Modern
For Sale
$499,000
510 N Iroquois Ave, Tucson, AZ 85745
Two residences offer distinct three- and four-bedroom layouts with open living areas.
Property Size2,749 SF
Price / SF$181.52
Days on Market11
Property Features for 510 N Iroquois Ave
General Information
Standard status
Active
Size
2,749 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
Barrio Hollywood
Units
Unit Mix
1 x 3BR/2BA, 1 x 4BR/2BA
Multifamily Units
2
Additional Details
Tenant in Place
Yes
Building Details
Year Built
1972
Tenancy
Multi
Listing Agency:
Keller Williams Southern Arizona
Listed By:
Johanna Rhodes · License #BR523234000
(520) 471-2114
Source:
Searchallarizonahouses
Added: Oct 23
Changed: Nov 1
Last Checked: Nov 1 at 6:12AM
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
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Investment Insights
Based on property information with market context.
Built in 1972, this 2,749-square-foot duplex contains two residences: one with 3 bedrooms and 2 bathrooms, and another with 4 bedrooms and 2 bathrooms. Both include open-concept living areas, modern kitchens, and hard-surface flooring. Newer HVAC systems and water heaters are among the property’s updated components.
The property is located at 510 N Iroquois Ave in Tucson, Arizona. One residence is rented for $1,950 and the other for $2,750; those rental figures are omitted from this listing copy.
The property is located at 510 N Iroquois Ave in Tucson, Arizona. One residence is rented for $1,950 and the other for $2,750; those rental figures are omitted from this listing copy.
Key Highlights
- Two residences: one with 3 bedrooms and 2 bathrooms; the other with 4 bedrooms and 2 bathrooms
- 2,749‑square‑foot duplex built in 1972
- Open‑concept living areas and modern kitchens
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,804
Cap Rate
6.17%
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 6.17%
Second Best
Apartment 5plus
$403.5K
$353.1K – $470.8K
NOI $28,247 @ 7.0% cap · market cap 5.66%
Theoretical Best
Office A
$714.1K
$624.9K – $833.2K
NOI $49,989 @ 7.0% cap · market cap 10.02%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,083
Businesses Nearby
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two residences offer distinct three- and four-bedroom layouts with open living areas.
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 $499,000.
What are key features of this property?
This property features: Two residences: one with 3 bedrooms and 2 bathrooms; the other with 4 bedrooms and 2 bathrooms; 2,749‑square‑foot duplex built in 1972; Open‑concept living areas and modern kitchens
