Six-Unit Apartment Building Near
For Sale
$1,350,000
806 E 10th St, Tucson, AZ 85719
Six professionally maintained 2-bedroom units provide a practical, student-oriented residential income option close to the University of Arizona.
Property Size4,062 SF
Price / SF$332.35
Days on Market150
Property Features for 806 E 10th St
General Information
Standard status
Active
Size
4,062 SF
Site & Location
Neighborhood
Pie Allen
Additional Details
Multifamily Units
6
Building Details
Year Built
1976
Listing Agency:
Realty Executives Arizona Territory
Listed By:
Omer Kreso · License #139756113
(520) 247-7480
Source:
Wowrealestate
Added: Jun 1
Changed: Oct 26
Last Checked: Oct 28 at 9:50AM
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 Realty Executives Arizona Territory
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Investment Insights
Based on property information with market context.
806 E 10th Street is a six-unit apartment building with a straightforward residential layout. The property offers six 2-bedroom, 1-bath units, for a total of 12 bedrooms. Units are professionally maintained and are currently operated with in-place income, with rents described as below market in the offering materials.
The building is located four blocks from the University of Arizona campus. From the property, occupants have walkable access to Main Gate Square, 4th Avenue, Downtown Tucson, and the Sun Link streetcar.
This configuration fits well for tenants seeking a university-adjacent base with in-place unit mix, including support for an undergraduate and graduate student tenant profile. The 2-bedroom floorplans also provide flexibility for traditional long-term residents seeking additional space while remaining close to campus and the surrounding commercial areas.
The building is located four blocks from the University of Arizona campus. From the property, occupants have walkable access to Main Gate Square, 4th Avenue, Downtown Tucson, and the Sun Link streetcar.
This configuration fits well for tenants seeking a university-adjacent base with in-place unit mix, including support for an undergraduate and graduate student tenant profile. The 2-bedroom floorplans also provide flexibility for traditional long-term residents seeking additional space while remaining close to campus and the surrounding commercial areas.
Key Highlights
- Six‑unit multifamily property built in 1976
- All units are 2‑bedroom, 1‑bath with 12 total bedrooms across the property
- Located about four blocks from the University of Arizona campus
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,738
Cap Rate
3.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$834,760
$834.8K
Cap Rate 7%
$596,257
$596.3K
Cap Rate 9%
$463,756
$463.8K
Market Conditions
NOI Build-Up for 4,062 SF
Gross rent
$82.9K $20.40/SF
− Vacancy
−$7.0K −$1.72/SF
EGI
$75.9K $18.68/SF
− OpEx
−$34.1K −$8.41/SF
NOI
$41.7K $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%
$834,760
Cap Rate 7%
$596,257
Cap Rate 9%
$463,756
Alternative Uses
Best Use
Apartment 5plus
$596.3K
$521.7K – $695.6K
NOI $41,738 @ 7.0% cap · market cap 3.09%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.06M
$923.3K – $1.23M
NOI $73,865 @ 7.0% cap · market cap 5.47%
Zoning and permitted uses should be independently verified with authorities.
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Who owns this building?
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Open Analytics
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
1,880
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 - Six professionally maintained 2-bedroom units provide a practical, student-oriented residential income option close to the University of Arizona.
Where is this apartment building located?
The property is located at 806 E 10th St Tucson, AZ.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Six‑unit multifamily property built in 1976; All units are 2‑bedroom, 1‑bath with 12 total bedrooms across the property; Located about four blocks from the University of Arizona campus
