Four-Unit Residential Income
908 N Belvedere Avenue Tucson, AZ 85711
New
908 N Belvedere Avenue, Tucson, AZ, 85711
$426,000
For Sale
$426,000
MULTI_FAMILY - Pueblo - Tucson, AZ
Property Size2,736 SF
Lot Size0.17 Acres
Price / SF$155.70
Days on Market6
Property Features for 908 N Belvedere Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- Tucson - R3
- Parking
- 4
- Appliances
- Electric Range, Dishwasher
- Standard status
- Active
- APN
- 126010500
- Size
- 2,736 SF
- Lot size
- 0.17 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- Tierra Park lot 2
Utilities
- Heating system
- Baseboard
- Water source
- Public
Building Details
- Year built
- 1980
- Number of units
- 4
- Flooring type
- Carpet, Tile - Ceramic
- Building materials
- Frame - Stucco
- Roof type
- Built-Up
- Architectural style
- Pueblo
Listing Agency
Paul John Charette
(520) 465-7708
10961 E Monument Estates Cir, Tucson, AZ
Listed by
Paul J Charette
(520) 465-7708
Added: Jul 11 Checked: Jul 16 at 7:06 pm
MLS# 22617242
Listing URL
Copyright © 2026 Multiple Listing Service of Southern Arizona. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This fourplex features four units, each configured with 2 bedrooms and 1 bathroom. Two units include sliding patio doors to the yard, and one unit has a storage shed. The two upstairs units have fireplaces. One unit is noted as needing finish of remodel.
The property is located on the Tucson bike path route, and is centrally located near the University of Arizona, Davis Monthan, and hospitals. Four onsite parking spaces support resident use.
With a mix of outdoor access, fireplaces, and a single unit requiring completion, this is a property well-suited for buyers seeking a residential income layout with straightforward, functional unit configurations.
The property is located on the Tucson bike path route, and is centrally located near the University of Arizona, Davis Monthan, and hospitals. Four onsite parking spaces support resident use.
With a mix of outdoor access, fireplaces, and a single unit requiring completion, this is a property well-suited for buyers seeking a residential income layout with straightforward, functional unit configurations.
Key Highlights
- 4‑plex with all units featuring 2 beds and 1 bath
- Year built: 1980; Pueblo‑style frame‑stucco construction
- Public water supply; baseboard heating; built‑up roof
Local 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 | $47.6k | $17.40 |
| − Vacancy | −$3.8k | −$1.39 |
| EGI | $43.8k | $16.01 |
| − OpEx | −$13.1k | −$4.80 |
| NOI | $30.7k | $11.21 |
2,736 SF · lease $17.40/SF/yr · vacancy 8.00% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$438.0K
$383.2K – $511.0K
NOI $30,659 @ 7.0% cap · market cap 7.20%
Second Best
Apartment 5plus
$401.6K
$351.4K – $468.6K
NOI $28,113 @ 7.0% cap · market cap 6.60%
Theoretical Best
Office A
$710.7K
$621.9K – $829.2K
NOI $49,752 @ 7.0% cap · market cap 11.68%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Four 2-bedroom, 1-bath units with four onsite parking spaces, including patio access and a shared storage shed.
Where is this quadplex located?
The property is located at 908 N Belvedere Avenue Tucson, AZ.
What is the asking price?
The asking price for this property is $426,000.
What are key features of this property?
This property features: 4‑plex with all units featuring 2 beds and 1 bath; Year built: 1980; Pueblo‑style frame‑stucco construction; Public water supply; baseboard heating; built‑up roof
