EMS Realty

Lisa A.Suarez, Designated Broker


$1,195,000
243 E University Boulevard
Tucson, AZ 85705
MLS# 22600781
2613 sqft


Beautifully updated 1906 Bungalow with 4studios
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Beautifully updated 1906 Bungalow with 4studios separately metered for gas and electric Front porch entry way to unit #1 and #2 Studio #1 Studio #1 Studio #1 Studio #1 Studio #2 Studio #2 Studio #2 Studio #2 Studio #2 Studio #2 Studio #3 Studio#3 Studio#3 Studio #3 Studio #3 Studio #4 Studio #4 Studio #4 Studio #4 Studio #4 Studio #4 Studio #4 2 bedroom Owner's home Living room Living room open to dining room formal dining room 2 bedroom guest house kitchen 2bedroom kitchen w/SS Bosch appliances 2 bedroom Guest house Kitchen w/ private courtyard 1st Bedroom 2bedroom Owner's home fully remodeled bath 2nd bedroom 2bedroom separate, private yard w/ alley access and large storage room Walled and private back yard Patio Overview of Owner's Guest Home Covered parking off alley with electronic gate Beautiful gardens, patios, with firepit, Bocce Court Bocce Court 243 E University Boulevard, Tucson, AZ 85705 Each unit has a private entrance Mature landscape 243 E University Boulevard, Tucson, AZ 85705 243 E University Boulevard, Tucson, AZ 85705 243 E University Boulevard, Tucson, AZ 85705

Property Description
Historic West University 4-Plex + Single-Family Residence on University Blvd, A rare and versatile opportunity in the heart of Historic West University! Ideally located directly on University Boulevard with effortless access to the Modern Streetcar, 4th Avenue, Downtown, the University of Arizona, award-winning restaurants, and more. The beautifully updated 4-plex features studios with 10-foot ceilings, thoughtfully renovated to honor the home's historic character while offering modern comforts. Each unit includes remodeled bathrooms, updated kitchens, newer mini-split systems, and separately metered gas and electric. The property also benefits from newer roofs. The grounds are truly special, impeccably maintained with a bocce court, fire pit, mature

Details
Maps
Documents
Address Information
Street #: 243
Direction: E
Street Name: University
Suffix: Boulevard
State/Province: AZ
Zip Code: 85705
County: Pima
Country: USA
Location Tax Legal
Tax Code: 117-03-0740
Area: Central
Subdivision: City Of Tucson
Contract Information
Current Price: $1,195,000
List Price: $1,195,000
Listing Date: 2026-01-09
Status: Active
Method of Title: Fee (Simple)
Distressed Info: None
General Property Information
Dwelling Type: Quadruplex
Attached/Detached: Attached
Construction Status: Existing
Lot Dimensions: 183 x 65
Lot Acres: 0.27
Lot Sqft: 11858
Lot Size Source: Assessor
Combined SqFt: 2613
Year Built: 1906
Total Parking: 6
School District: TUSD
Elementary School: Roskruge
Middle School: Mansfeld
High School: Tucson
Horse Property: No
Horse Facilities: No
List Price/SqFt: 457.33
Lot Size Price/SqFt: 100.78
Remarks Misc
Geo Lat: 32.232004
Geo Lon: -110.967592
Showing Information
Directions: Speedway Blvd/Euclid Ave S to University Blvd W to address.
Unit Info
# of Units/Studios: 4
Avg Mo Rent/Studios: 1415
# of Units/2 BR: 1
Avg Mo Rent/2 BR: 2200
Unit 1 Information
Monthly Rent: 1415
# Beds: 1
# Full Baths: 1
SqFt: 435
Occupancy: Yes
Stories: Single
Floor: 1st
Furnished: Partially
Parking: On Street
Unit 2 Information
Monthly Rent: 1415
# Beds: 1
# Full Baths: 1
SqFt: 487
Occupancy: Yes
Stories: Single
Floor: 1st
Furnished: Partially
Parking: On Street
Unit 3 Information
Monthly Rent: 1415
# Beds: 1
# Full Baths: 1
SqFt: 357
Occupancy: Yes
Stories: Single
Floor: 1st
Furnished: Partially
Parking: On Street
Unit 4 Information
Monthly Rent: 1415
# Beds: 1
# Full Baths: 1
SqFt: 427
Occupancy: Yes
Stories: Single
Floor: 1st
Furnished: Partially
Parking: On Street
Analysis
Cap Rate %: 7.08
Gross Rent Multi: 12.72
Exp/SqFt: 3.56
Exp % of Gross: 9.91
Income
Gross Scheduled Rent: 67920
Other Income: 26000
Adjusted Gross: 93920
Total Expenses: 9309
Net Opp Income: 84611
Expenses
Insurance: 3600
Taxes/Assessments: 3605
Water/Sewer: 2104
Figures Presented: Proforma
Kitchen Features
Pantry: Cabinet
Appliance Color: Stainless
Laundry
Other: Stack
Floor Covering
Other: Laminate
Main Cooling
Other: Mini Split
Electric
Electric Company: TEP
Water
Other: City
Utilities Paid
Cable TV: Tenant
Electric: Tenant
Gas: Tenant
Insurance: Owner
Sewer: Owner
Taxes: Owner
Trash: Owner
Water: Owner
Fence
Other: Corrogated
Driveway
Paved: Asphalt
RV Parking
Other: None
Subdivision Restrict
Age Restrictions: No
Deed Restrictions: Yes
CC&Rs: No
Home Protection
Offered: No
Property Features
Construction: Brick
Style: Bungalow
Roof: Shingle
Living Areas: Family Room; Living Room
Dining Areas: Breakfast Nook; Dining in LR/GR
Dining Room: Area
Breakfast: Area; Nook
Kitchen Features: Dishwasher
Bathroom Features: Shower & Tub/Hall; Shower Only/Hall
Laundry: Laundry Closet
Extra Room: Storage
Interior Features: Ceiling Fan(s); Entrance Foyer
Floor Covering: Ceramic Tile; Stone; Wood
Window Covering: Stay
Technology: High Speed Internet
Main Cooling: Ceiling Fan(s); Central Air; Zoned
Main Heating: Forced Air; Heat Pump; Zoned
Water Heater: Natural Gas
Gas: Natural
Sewer: Connected
Accessibility Option: None
Security: Closed Circuit Camera(s)
Green Features: Bath Exhaust Out; Energy Star Appliance
Pool: None
Spa: None
Fence: Block
Landscape - Front: Decorative Gravel; Desert Plantings; Shrubs; Sprinkler/Drip; Trees
Landscape - Rear: Decorative Gravel; Desert Plantings; Shrubs; Trees
View: None
Road Type: Paved
Driveway: To Property Line
Exterior Feature: Courtyard; Shed(s)
Lot Features: Adjacent to Alley; North/South Exposure; Subdivided
Neighborhood Features: Historic; Park; Paved Street; Sidewalks; Street Lights
Assoc Amenities: None
Terms: Cash; Conventional; VA Loan
Submit With Offer: Earnest Check; Loan Status; Proof of Funds
Property Disclosures: Floor Plan; Lead Based Paint; Seller Prop Disclosure; Insurance Claims History Report
Special Conditions: None
Supplements
landscaping, fruit trees, rose gardens, and multiple inviting outdoor spaces. In addition, the property includes a separate 906-square-foot single-family home offering 2 bedrooms and 1 full bathroom. The home features a beautifully remodeled kitchen with stainless steel appliances including dishwasher (Bosch) updated cabinetry, tiled backsplash, and quartz countertops, along with a fully remodeled bathroom. Enjoy a large private backyard, generous storage room, and double carport with electronic gate. Live in the single-family home while renting the 4-plex, or lease all units for strong income potential. (Partially furnished, please ask for list of furnishings that do not convey) An exceptional investment and lifestyle opportunity in one of Tucson's most sought-after historic neighborhoods. Seller is a licensed Realtor in the State of Arizona.

Listing Office: Long Realty

Last Updated: January - 15 - 2026

243 E University Boulevard, Tucson, AZ 85705 - MLS# 22600781
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Broker Attribution: 520 909 6592