624 N Columbus Boulevard, Tucson, AZ 85711
MULTI_FAMILY - Ranch - Tucson, AZ
Property Features for 624 N Columbus Boulevard
General Information
Taxes and HOA fees
Utilities
Building Details
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Investment Insights
Based on property information with market context.
Located in central Tucson, the property is described as about a 10-minute drive from the University.
The property is zoned R1 and sits on a lot size of 0.18 acres, with a total property size of 1,244 square feet.
Key Highlights
- Ranch‑style duplex built in 1948 with central air and forced‑air natural gas heating
- Each unit features updated kitchens and bathrooms plus updated windows
- Tile ceramic flooring plus carpet in the duplex interior
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $21.6k | $17.40 |
| − Vacancy | −$1.7k | −$1.39 |
| EGI | $19.9k | $16.01 |
| − OpEx | −$6.0k | −$4.80 |
| NOI | $13.9k | $11.21 |
Alternative Uses
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Current Use
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Location Intelligence
Trade Area within ½ mile
Demographics for 85711, AZ
Market
Vacancy Rate% for Multifamily in West region