New Construction
For Sale
$599,000
827 E 33rd St, Tucson, AZ 85713
Two three-bedroom units include modern kitchens, dedicated laundry rooms, and upgraded bathroom fixtures.
Property Size2,900 SF
Price / SF$206.55
Days on Market66
Property Features for 827 E 33rd St
General Information
Standard status
Active
Size
2,900 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Building Details
Year Built
2026
Buildings
1
Listing Agency:
Real Broker
(520) 409-2020
Listed By:
Andy Tovarez · License #639843
Source:
Viewtucsonhomesforsale
Added: Jun 27
Changed: Aug 28
Last Checked: Aug 29 at 10:32AM
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 Real Broker
Investment Insights
Based on property information with market context.
Built in 2026, this duplex contains approximately 2,900 square feet across two residential units of about 1,450 square feet each. Every unit offers three bedrooms, two full bathrooms, vaulted ceilings, 8-foot interior doors, oversized dual-pane windows, and a dedicated laundry room. Kitchens include butler’s pantries, stainless steel appliances, and substantial storage. Additional features include dual shower heads in both bathrooms, tankless water heaters, cable wiring in every room, porch lighting, and extra electrical outlets.
The property is located at 827 E 33rd Street in Tucson, Arizona, near a new shopping center. The surrounding roads have recently been repaved, providing a documented improvement to the immediate access context.
The property is located at 827 E 33rd Street in Tucson, Arizona, near a new shopping center. The surrounding roads have recently been repaved, providing a documented improvement to the immediate access context.
Key Highlights
- 2026‑built duplex with approximately 2,900 square feet
- Two units of approximately 1,450 square feet each
- Each unit includes 3 bedrooms and 2 full bathrooms
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
$28,686
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
4.79%
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%
$573,720
$573.7K
Cap Rate 7%
$409,800
$409.8K
Cap Rate 9%
$318,733
$318.7K
Market Conditions
NOI Build-Up for 2,900 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
$44.5K $15.36/SF
− Vacancy
−$3.6K −$1.23/SF
EGI
$41.0K $14.13/SF
− OpEx
−$12.3K −$4.24/SF
NOI
$28.7K $9.89/SF
Area
ZIP 85713
Vacancy
8.00%
Lease Rate
$15.36 /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%
$573,720
Cap Rate 7%
$409,800
Cap Rate 9%
$318,733
Alternative Uses
Best Use
Multifamily LT 5
$409.8K
$358.6K – $478.1K
NOI $28,686 @ 7.0% cap · market cap 4.79%
Second Best
Apartment 5plus
$378.1K
$330.9K – $441.1K
NOI $26,468 @ 7.0% cap · market cap 4.42%
Theoretical Best
Office A
$709.9K
$621.2K – $828.2K
NOI $49,694 @ 7.0% cap · market cap 8.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
714
Businesses Nearby
Explore this area
Business Placement
Demographics for 85713, AZ
46,810
Population
19,056
Households
2.5
Avg Household Size
38
Median Age
21%
College-Educated
79%
High-School Grad
23.8 sq mi
ZIP Area
1,967
Density / Sq Mi
$50,264
Median Household Income
$32,302
Median Earnings
$1,017
Median Rent
$171,700
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two three-bedroom units include modern kitchens, dedicated laundry rooms, and upgraded bathroom fixtures.
Where is this duplex located?
The property is located at 827 E 33rd St Tucson, AZ.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: 2026‑built duplex with approximately 2,900 square feet; Two units of approximately 1,450 square feet each; Each unit includes 3 bedrooms and 2 full bathrooms
