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    8Th St Tucson, AZ 85719

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    For Sale
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    7-Unit Apartment Building, Historic Charm

    Property size:
    8,271 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 7-unit apartment building presents a unique investment opportunity in Tucson, Arizona's desirable Pie Allen neighborhood. Situated on a substantial 38,633 square foot lot (APN: 124-06-029A

    Property Features for 0 8Th St

    General Information

    Property type
    Multifamily properties
    Square Feet
    8,271 SF

    Building Details

    Buildings
    5
    Units
    7

    HighLights

    • Rare opportunity: First time on the market.
    • Prime location: Two blocks from the University of Arizona and Main Gate Square.
    • Modernized: Recently renovated with upgraded electrical, plumbing, and HVAC systems.
    • Historic charm: Southwestern architecture in a desirable neighborhood.
    • Excellent amenities: Pool, outdoor restrooms/showers, laundry facilities, and ample courtyard space.
    • Prestigious address: Situated in the historic Pie Allen neighborhood.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Tucson
    County
    Pima
    State
    Arizona
    Longitude
    -110.9579184
    Latitude
    32.2249879

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    FAQs

    What type of property is this?
    Multifamily property - 7-Unit Apartment Building, Historic Charm
    Where is this multifamily property located?
    The property is located at 8Th St Tucson, AZ.
    What are key features of this property?
    This property features: Rare opportunity: First time on the market.; Prime location: Two blocks from the University of Arizona and Main Gate Square.; Modernized: Recently renovated with upgraded electrical, plumbing, and HVAC systems.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    8Th St Tucson, AZ 85719
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