Two-Unit Tucson
81 E Laguna St, Tucson, AZ 85705
For Sale
$275,000
Two occupied, single-story residences feature updated water heaters and on-site parking.
Property Size1,526 SF
Price / SF$180.21
Days on Market35
Property Features for 81 E Laguna St
General Information
Standard status
Size
Property subtype
Occupancy
Site & Location
Neighborhood
Public Transit
Units
Unit Mix
Multifamily Units
Additional Details
Gross Income
Tenant in Place
Amenities
central A/C
ceiling fans
ceramic tile floors
gas range
refrigerator
dishwasher
Energy Star appliances
desert landscaping
on-site parking
Building Details
Year Built
Buildings
Stories
Construction
Listing Agency:
Keller Williams Integrity First
Listed By:
Angela Marie Kuzma · License AZ SA635697000
(520) 225-0020
Source:
Exprealty
Added: Oct 8
Changed: Nov 7
Last Checked: Nov 10 at 11:02AM
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 Integrity First
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Investment Insights
Based on property information with market context.
Built in 2005, this detached duplex contains two single-story units, each with 2 bedrooms, 1 bathroom and approximately 762 square feet. Both residences are occupied. Unit 1 and unit 2 each have a new water heater, and unit 2 also has a new AC unit. The building has frame-and-stucco construction, a shingle roof, central air conditioning and ceiling fans. Ceramic tile floors extend throughout, and each kitchen has a gas range, refrigerator, dishwasher and Energy Star appliances. Desert landscaping is maintained at the front and rear, with parking on site.
The property is at 81 E Laguna St in Tucson, just off N Stone Ave. Shopping, dining and transit are nearby. Tenants cover electric, gas, water and sewer, trash, and cable service.
The property is at 81 E Laguna St in Tucson, just off N Stone Ave. Shopping, dining and transit are nearby. Tenants cover electric, gas, water and sewer, trash, and cable service.
Key Highlights
- Two units, each with 2 bedrooms, 1 bath and approximately 762 square feet
- Detached duplex built in 2005; 1,526 square feet total
- Both residences occupied
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,741
Cap Rate
5.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$294,820
$294.8K
Cap Rate 7%
$210,586
$210.6K
Cap Rate 9%
$163,789
$163.8K
Market Conditions
NOI Build-Up for 1,526 SF
Gross rent
$22.9K $15.00/SF
− Vacancy
−$1.8K −$1.20/SF
EGI
$21.1K $13.80/SF
− OpEx
−$6.3K −$4.14/SF
NOI
$14.7K $9.66/SF
Area
ZIP 85705
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 Rate 5%
$294,820
Cap Rate 7%
$210,586
Cap Rate 9%
$163,789
Alternative Uses
Best Use
Multifamily LT 5
$210.6K
$184.3K – $245.7K
NOI $14,741 @ 7.0% cap · market cap 5.36%
Second Best
Apartment 5plus
$191.1K
$167.2K – $222.9K
NOI $13,374 @ 7.0% cap · market cap 4.86%
Theoretical Best
Office A
$351.2K
$307.3K – $409.7K
NOI $24,581 @ 7.0% cap · market cap 8.94%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,145
Businesses Nearby
Explore this area
Business Placement
Demographics for 85705, AZ
56,711
Population
29,145
Households
1.9
Avg Household Size
36
Median Age
20%
College-Educated
80%
High-School Grad
13.6 sq mi
ZIP Area
4,170
Density / Sq Mi
$36,606
Median Household Income
$27,220
Median Earnings
$924
Median Rent
$113,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Duplexes in Tucson, AZ
Properties on Market for Duplexes in Tucson
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two occupied, single-story residences feature updated water heaters and on-site parking.
Where is this duplex located?
The property is located at 81 E Laguna St Tucson, AZ.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: Two units, each with 2 bedrooms, 1 bath and approximately 762 square feet; Detached duplex built in 2005; 1,526 square feet total; Both residences occupied
