Historic Triplex With Detached
For Sale
$649,900
Tucson, AZ 85701, Tucson, AZ 85701
Residential Income, Territorial, Tucson, AZ
Property Size3,125 SF
Lot Size0.12 Acres
Price / SF$207.97
Days on Market214
Property Features
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning
Tucson - C3
Parking
3
Window features
Bay Window(s)
Patio and Porch features
Patio
Appliances
Gas Range, Refrigerator
Subdivision
C.O.T. Resub
Lot features
Corner Lot
Elementary school
Safford K-8 Magnet
Middle school
Safford K-8 Magnet
High school
Tucson
Elementary school district
TUSD
Middle school district
TUSD
High school district
TUSD
Directions
4th Ave/Broadway - S to 12th - E to address
Standard status
Active
APN
117-06-219F
Size
3,125 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
From Parcel:11706219B /Tucson W48.4' Lot 9 & 12 Blk 94
Legal Description
From Parcel:11706219B /Tucson W48.4' Lot 9 & 12 Blk 94
Utilities
Heating system
Forced Air
Cooling system
Central Air
Water source
Public
Building Details
Year built
1905
Number of units
3
Flooring type
Wood, Concrete
Building materials
Block
Roof type
Shingle
Architectural style
Other
Listing Agency:
Realty Executives Arizona Territory · Realty Executives International
(520) 314-3255
Listed By:
Christopher L Craven
(520) 904-2961
Added: Mar 6
Changed: Oct 2
Last Checked: Oct 6 at 3:06PM
MLS# 22606212
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.
Built in 1905, this triplex contains three distinct units within a 3,125-square-foot property. The primary residence offers a two-story, two-bedroom, two-bath layout with tall ceilings and large rooms. A second two-bedroom, one-bath unit provides a separate residential configuration, while the detached studio adds another unit type. Historic character includes wood trim, high ceilings, and spacious living areas.
The property is zoned Tucson - C3, supporting both residential income use and commercial possibilities. Construction is block, with wood and concrete flooring, forced-air heating, central air, a patio, and public water service. Electrical and plumbing systems were upgraded about 15 years ago. A shingle roof and included gas range and refrigerator complete the existing improvements.
The property is zoned Tucson - C3, supporting both residential income use and commercial possibilities. Construction is block, with wood and concrete flooring, forced-air heating, central air, a patio, and public water service. Electrical and plumbing systems were upgraded about 15 years ago. A shingle roof and included gas range and refrigerator complete the existing improvements.
Key Highlights
- Three‑unit configuration: two‑bedroom/two‑bath, two‑bedroom/one‑bath, and detached studio
- 3,125 square feet on 0.12 acres
- Built in 1905 with wood trim and high ceilings
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,017
Cap Rate
5.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$700,340
$700.3K
Cap Rate 7%
$500,243
$500.2K
Cap Rate 9%
$389,078
$389.1K
Market Conditions
NOI Build-Up for 3,125 SF
Gross rent
$54.4K $17.40/SF
− Vacancy
−$4.3K −$1.39/SF
EGI
$50.0K $16.01/SF
− OpEx
−$15.0K −$4.80/SF
NOI
$35.0K $11.21/SF
Area
Tucson, AZ
Vacancy
8.00%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$700,340
Cap Rate 7%
$500,243
Cap Rate 9%
$389,078
Alternative Uses
Best Use
Multifamily LT 5
$500.2K
$437.7K – $583.6K
NOI $35,017 @ 7.0% cap · market cap 5.39%
Second Best
Apartment 5plus
$458.7K
$401.4K – $535.2K
NOI $32,110 @ 7.0% cap · market cap 4.94%
Theoretical Best
Office A
$811.8K
$710.3K – $947.1K
NOI $56,826 @ 7.0% cap · market cap 8.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
2,888
Businesses Nearby
Explore this area
Business Placement
Demographics for 85701, AZ
5,132
Population
3,631
Households
1.4
Avg Household Size
37
Median Age
57%
College-Educated
91%
High-School Grad
1.5 sq mi
ZIP Area
3,421
Density / Sq Mi
$52,672
Median Household Income
$43,762
Median Earnings
$1,183
Median Rent
$451,500
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Triplex - C3 zoning supports residential income and commercial possibilities.
Where is this triplex located?
The property is located at Tucson, AZ.
What is the asking price?
The asking price for this property is $649,900.
What are key features of this property?
This property features: Three‑unit configuration: two‑bedroom/two‑bath, two‑bedroom/one‑bath, and detached studio; 3,125 square feet on 0.12 acres; Built in 1905 with wood trim and high ceilings
