9-Unit Apartment
For Sale
$800,000
725 E Elm St, Tucson, AZ 85719
Multifamily property with air-conditioned one-bedroom layouts near the University of Arizona.
Property Size4,245 SF
Price / SF$188.46
Days on Market94
Property Features for 725 E Elm St
General Information
Standard status
Active
Size
4,245 SF
Property subtype
Commercial
Additional Details
Public Transit
Yes
Multifamily Units
9
Amenities
air conditioning
Building Details
Year Built
1973
Listing Agency:
Engel & Volkers Tucson
Listed By:
Andres Cota
(520) 369-1527
Source:
Thetucsonhomefinder
Added: Jul 22
Changed: Oct 1
Last Checked: Oct 20 at 10:11PM
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 Engel & Volkers Tucson
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Investment Insights
Based on property information with market context.
This 9-unit apartment property contains one-bedroom residences of approximately 470 square feet, with air conditioning in each unit. The 4,245-square-foot asset was built in 1973 and is identified with multifamily zoning.
Located at 725 E Elm Street in Tucson’s 85719 area, the property is approximately one mile from the University of Arizona. Banner University Medical Center, Historic Fourth Avenue, downtown Tucson, shopping, dining, and public transportation are also nearby.
The unit configuration and central Tucson setting support residential use for a range of occupants connected to the university, medical employment, and the surrounding community.
Located at 725 E Elm Street in Tucson’s 85719 area, the property is approximately one mile from the University of Arizona. Banner University Medical Center, Historic Fourth Avenue, downtown Tucson, shopping, dining, and public transportation are also nearby.
The unit configuration and central Tucson setting support residential use for a range of occupants connected to the university, medical employment, and the surrounding community.
Key Highlights
- 9‑unit multifamily property
- 4,245 square feet built in 1973
- One‑bedroom units of approximately 470 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,619
Cap Rate
5.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$872,380
$872.4K
Cap Rate 7%
$623,129
$623.1K
Cap Rate 9%
$484,656
$484.7K
Market Conditions
NOI Build-Up for 4,245 SF
Gross rent
$86.6K $20.40/SF
− Vacancy
−$7.3K −$1.72/SF
EGI
$79.3K $18.68/SF
− OpEx
−$35.7K −$8.41/SF
NOI
$43.6K $10.28/SF
Area
Tucson, AZ
Vacancy
8.42%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$872,380
Cap Rate 7%
$623,129
Cap Rate 9%
$484,656
Alternative Uses
Best Use
Apartment 5plus
$623.1K
$545.2K – $727.0K
NOI $43,619 @ 7.0% cap · market cap 5.45%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.10M
$964.9K – $1.29M
NOI $77,192 @ 7.0% cap · market cap 9.65%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
9
Residential units
Location Intelligence
Trade Area within ½ mile
882
Businesses Nearby
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Business Placement
Demographics for 85719, AZ
46,242
Population
21,707
Households
2.1
Avg Household Size
27
Median Age
46%
College-Educated
93%
High-School Grad
8.0 sq mi
ZIP Area
5,780
Density / Sq Mi
$41,086
Median Household Income
$17,430
Median Earnings
$1,051
Median Rent
$266,900
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Multifamily property with air-conditioned one-bedroom layouts near the University of Arizona.
Where is this apartment building located?
The property is located at 725 E Elm St Tucson, AZ.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: 9‑unit multifamily property; 4,245 square feet built in 1973; One‑bedroom units of approximately 470 square feet
