$497,000
Tucson, AZ 85713
MLS# 22417538
Status: Closed
2650 sqft
1 / 7
Property Description
Fully Occupied Multi Family Income Property in Tucson Az. Two duplexes; single story buildings on one lot. Units are 2 bedroom 1 bath with tile floors, tile tub surrounds, washer dryer hookups, air conditioning, fenced yards, covered parking, and individually metered for water, gas, electric; tenants pay all utilities. Conveniently located near Tucson Marketplace (Costco, Walmart, Cinemark, National Corporate Offices), close to downtown and the University, with easy access to Interstate 10. Do not disturb tenants. Tenant rights and leases prevail; please review Arizona Residential Landlord Tenant Act. Showings scheduled for parties to an accepted offer. Gross Monthly Income over $4K. Submit prequalification of loan documents and/or bank proof of funds with offer.
Details
Maps
Address Information
Street #: 1415
Direction: S
Street Name: Highland
Suffix: Avenue
State/Province: AZ
Zip Code: 85713
County: Pima
Country: USA
Location Tax Legal
Tax Code: 129-10-117D
Area: South
Subdivision: Kings Highway Amd
Contract Information
Current Price: $497,000
Sold Price: $497,000
Listing Date: 2024-07-16
Status: Closed
Method of Title: Fee (Simple)
Distressed Info: None
Status Change Info
Off Market Date: 2026-02-25
Pending Date: 2026-01-09
Sold Date: 2026-02-25
Sold Price: $497,000
Sold Price/SqFt: 187.55
Lot Sz Sold Prc/SqFt: 39.34
How Sold: Conventional
General Property Information
Dwelling Type: Quadruplex
Attached/Detached: Detached
Construction Status: Existing
Lot Dimensions: irregular
Lot Acres: 0.29
Lot Sqft: 12632
Lot Size Source: Assessor
Combined SqFt: 2650
Year Built: 1980
Total Parking: 8
School District: TUSD
Elementary School: Borton
Middle School: Safford K-8 Magnet
High School: Tucson
Horse Property: No
Horse Facilities: No
List Price/SqFt: 207.55
Lot Size Price/SqFt: 43.54
Remarks Misc
Geo Lat: 32.203766
Geo Lon: -110.951055
Showing Information
Directions: Start Tucson Marketplace Blvd/S Kino Parkway. Head North on S Kino Parkway for 1 mile, Left onto E Silverlake Rd for .2 mile, Left onto S Mountain Ave for .2 mile, Right onto E 25th St for 262ft, Left onto Highland Ave for 200ft, destination on your Right.
Unit Info
# of Units/2 BR: 4
Avg Mo Rent/2 BR: 1085.5
Unit 1 Information
Monthly Rent: 1200
# Beds: 2
# Full Baths: 1
SqFt: 725
Occupancy: Yes
Stories: Single
Floor: 1st
Furnished: No
Parking: Carport
Unit 2 Information
Monthly Rent: 1142
# Beds: 2
# Full Baths: 1
SqFt: 725
Occupancy: Yes
Stories: Single
Floor: 1st
Furnished: No
Parking: Carport
Unit 3 Information
Monthly Rent: 1000
# Beds: 2
# Full Baths: 1
SqFt: 725
Occupancy: Yes
Stories: Single
Floor: 1st
Furnished: No
Parking: Carport
Unit 4 Information
Monthly Rent: 1000
# Beds: 2
# Full Baths: 1
SqFt: 725
Occupancy: Yes
Stories: Single
Floor: 1st
Furnished: No
Parking: Carport
Analysis
Cap Rate %: 3.93
Gross Rent Multi: 16.75
Vacancy Rate %: 2.08
Exp/SqFt: 3.82
Exp % of Gross: 34.09
Income
Gross Scheduled Rent: 30300
Vacancy Loss: 631
Adjusted Gross: 29669
Total Expenses: 10115
Net Opp Income: 19554
Expenses
Capital Expenses: 2500
Insurance: 1500
Management: 4800
Taxes/Assessments: 1315
Figures Presented: Proforma
Kitchen Features
Countertops: laminate
Electric
Electric Company: TEP
Utilities Paid
Cable TV: Tenant
Electric: Tenant
Gas: Tenant
Insurance: Owner
Sewer: Tenant
Taxes: Owner
Trash: Tenant
Water: Tenant
Subdivision Restrict
Age Restrictions: No
Deed Restrictions: Yes
CC&Rs: No
Submit With Offer
Digital Signatures: Yes
Seller Title Company: Fidelity National
Home Protection
Offered: No
Property Features
Construction: Frame - Stucco
Style: Modern
Roof: Shingle
Living Areas: Living Room; Off Kitchen
Dining Areas: Breakfast Nook
Dining Room: None
Breakfast: None
Kitchen Features: Double Sink; Electric Range; Refrigerator
Bathroom Features: Shower & Tub/Hall
Laundry: Outside
Extra Room: None
Interior Features: Smoke Detector
Floor Covering: Ceramic Tile
Window Covering: None
Technology: Cable TV; High Speed Internet
Main Cooling: Central Air
Main Heating: Forced Air; Natural Gas
Water Heater: Natural Gas
Gas: Natural
Sewer: Connected
Water: Public
Accessibility Option: None
Security: None
Pool: None
Spa: None
Fence: Chain Link
Landscape - Front: Low Care
Landscape - Rear: Low Care
View: None
Road Type: Paved
Driveway: None
RV Parking: Space Available
Exterior Feature: None
Lot Features: East/West Exposure
Neighborhood Features: None
Assoc Amenities: None
Terms: Cash; Conventional
Submit With Offer: Income Property Addendum; Lender Pre-Approval; Proof of Funds
Property Disclosures: Unknown
Special Conditions: None
Listing Office: Avenida Realty
Last Updated: February - 25 - 2026
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