New Construction
For Sale
$425,000
5988 S Stewart Boulevard, Tucson, AZ 85706
Residential Income, Southwestern, Tucson, AZ
Property Size1,882 SF
Lot Size0.16 Acres
Price / SF$225.82
Days on Market141
Property Features for 5988 S Stewart Boulevard
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Property condition
Under Construction
Zoning
Tucson - MH1
Parking
4
Appliances
Electric Range
Subdivision
Nelson Mobile Home Est. (1-9)
Lot features
Decorative Gravel, North/ South Exposure
Elementary school
Drexel
Middle school
Sierra
High school
Sunnyside
Elementary school district
Sunnyside
Middle school district
Sunnyside
High school district
Sunnyside
Directions
Get on I-10 E from W Speedway Blvd for 2 min (0.8 mi) Continue on I-10 E to Kino Pkwy/South Kino Pkwy. Take exit 263A from I-10 E 5 min (5.1 mi) Take S Campbell Ave to S Stewart Blvd.
Standard status
Active
APN
140-25-3150
Size
1,882 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
From Parcel:140250900 /Nelson Mobile Home Estates II Lot 4
Legal Description
From Parcel:140250900 /Nelson Mobile Home Estates II Lot 4
Utilities
Heating system
Electric (Heating)
Cooling system
Central Air
Water source
Public
Building Details
Year built
2025
Number of units
2
Flooring type
Tile - Ceramic
Building materials
Frame - Stucco
Roof type
Tile
Architectural style
Other
Listing Agency:
OMNI Homes International
(520) 474-1777
Listed By:
Evangelina R Valdez
(520) 270-6127
Added: Apr 21
Changed: Sep 4
Last Checked: Sep 8 at 2:06AM
MLS# 22610400
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.
Investment Insights
Based on property information with market context.
This under-construction duplex offers 1,882 square feet across two residences on a 0.16-acre lot. The larger unit includes 3 bedrooms and 2 baths within 1,079 square feet, while the second unit provides 2 bedrooms and 1 bath in 803 square feet. Each residence has 2 designated parking spaces. Interior features include granite countertops, stainless steel appliances, ceramic tile flooring, central air, and electric heating. The building uses frame-and-stucco construction with a tile roof and public water service.
The property is located at 5988 S Stewart Boulevard in Tucson, with access to I-19 and proximity to the airport and nearby shopping. Zoning is Tucson - MH1. Construction is identified for 2025, and the property is offered for sale.
The property is located at 5988 S Stewart Boulevard in Tucson, with access to I-19 and proximity to the airport and nearby shopping. Zoning is Tucson - MH1. Construction is identified for 2025, and the property is offered for sale.
Key Highlights
- Two‑unit duplex totaling 1,882 square feet
- 3‑bedroom, 2‑bath unit with 1,079 square feet
- 2‑bedroom, 1‑bath unit with 803 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$18,180
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.28%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$363,600
$363.6K
Cap Rate 7%
$259,714
$259.7K
Cap Rate 9%
$202,000
$202.0K
Market Conditions
NOI Build-Up for 1,882 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$28.2K $15.00/SF
− Vacancy
−$2.3K −$1.20/SF
EGI
$26.0K $13.80/SF
− OpEx
−$7.8K −$4.14/SF
NOI
$18.2K $9.66/SF
Area
ZIP 85706
Vacancy
8.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$363,600
Cap Rate 7%
$259,714
Cap Rate 9%
$202,000
Alternative Uses
Best Use
Multifamily LT 5
$259.7K
$227.3K – $303.0K
NOI $18,180 @ 7.0% cap · market cap 4.28%
Second Best
Apartment 5plus
$230.8K
$201.9K – $269.2K
NOI $16,153 @ 7.0% cap · market cap 3.80%
Theoretical Best
Office A
$389.2K
$340.5K – $454.0K
NOI $27,241 @ 7.0% cap · market cap 6.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
238
Businesses Nearby
Explore this area
Business Placement
Demographics for 85706, AZ
54,853
Population
19,095
Households
2.9
Avg Household Size
33
Median Age
10%
College-Educated
70%
High-School Grad
13.1 sq mi
ZIP Area
4,187
Density / Sq Mi
$49,072
Median Household Income
$30,977
Median Earnings
$981
Median Rent
$169,600
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 - Two-unit property with granite counters, stainless steel appliances, and ceramic tile flooring throughout.
Where is this duplex located?
The property is located at 5988 S Stewart Boulevard Tucson, AZ.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Two‑unit duplex totaling 1,882 square feet; 3‑bedroom, 2‑bath unit with 1,079 square feet; 2‑bedroom, 1‑bath unit with 803 square feet
