$590,000
Tucson, AZ 85716
MLS# 22624538
3248 sqft
1 / 34
Property Description
Investor opportunity in Central Tucson! This fully occupied single-story 4-plex offers four 2 bed/1 bath units, each with an in-unit washer and dryer, central A/C, ceiling fans, and easy-care ceramic tile. Kitchens come equipped with an electric range, refrigerator, freezer, and dishwasher. Tenants pay their own electric, helping keep owner expenses low. Set on a generous 0.35-acre lot zoned R-2 with on-site parking and low-care front landscaping. Current rents of $950-$1,120 per unit provide steady income. A great addition to any portfolio, close to shopping, dining, and major routes.
Details
Maps
Documents
Address Information
Street #: 3640
Direction: E
Street Name: Lee
Suffix: Street
State/Province: AZ
Zip Code: 85716
County: Pima
Country: USA
Location Tax Legal
Tax Code: 12218088C
Area: Central
Subdivision: Speedway Park Addition
Contract Information
Current Price: $590,000
List Price: $590,000
Listing Date: 2026-10-08
Status: Active
Method of Title: Fee (Simple)
Distressed Info: None
General Property Information
Dwelling Type: Quadruplex
Attached/Detached: Detached
Construction Status: Existing
Lot Dimensions: 60' x 240' x 60' x 240'
Lot Acres: 0.35
Lot Sqft: 15359
Lot Size Source: Appraiser
Combined SqFt: 3248
Year Built: 1971
Total Parking: 8
School District: TUSD
Elementary School: Blenman
Middle School: Doolen
High School: Catalina
Horse Property: No
Horse Facilities: No
List Price/SqFt: 181.65
Lot Size Price/SqFt: 38.41
Remarks Misc
Geo Lat: 32.241191
Geo Lon: -110.914751
Showing Information
Directions: Dodge Blvd. and Pima St., South to Lee St., West to address 3640 on left.
Unit Info
# of Units/2 BR: 4
Avg Mo Rent/2 BR: 1016
Unit 1 Information
Monthly Rent: 950
# Beds: 2
# Full Baths: 1
SqFt: 828
Occupancy: Yes
Stories: Single
Floor: 1st
Furnished: No
Parking: On Property
Unit 2 Information
Monthly Rent: 950
# Beds: 2
# Full Baths: 1
SqFt: 880
Occupancy: Yes
Stories: Single
Floor: 1st
Furnished: No
Parking: On Property
Unit 3 Information
Monthly Rent: 1120
# Beds: 2
# Full Baths: 1
SqFt: 825
Occupancy: Yes
Stories: Single
Furnished: No
Parking: On Property
Unit 4 Information
Monthly Rent: 1045
# Beds: 2
# Full Baths: 1
SqFt: 803
Occupancy: Yes
Stories: Single
Floor: 1st
Furnished: No
Parking: On Property
Analysis
Cap Rate %: 6.26
Gross Rent Multi: 12.1
Exp/SqFt: 3.65
Exp % of Gross: 24.33
Income
Gross Scheduled Rent: 48780
Adjusted Gross: 48780
Total Expenses: 11866.4
Net Opp Income: 36913.6
Expenses
Insurance: 1312
Management: 3902.4
Taxes/Assessments: 3892
Water/Sewer: 2760
Figures Presented: Actual
Electric
Electric Company: TEP
Utilities Paid
Cable TV: Tenant
Electric: Tenant
Gas: Tenant
Insurance: Owner
Landscaping: Owner
Sewer: Owner
Taxes: Owner
Trash: Owner
Water: Owner
RV Parking
Other: None
Subdivision Restrict
Age Restrictions: No
Deed Restrictions: Yes
CC&Rs: Yes
Submit With Offer
Seller Title Company: Premier
Home Protection
Offered: No
Property Features
Construction: Frame - Stucco; Stucco Finish
Style: Ranch
Roof: Built-Up
Living Areas: Living Room
Dining Areas: Breakfast Nook; Eat-In Kitchen
Dining Room: None
Breakfast: Area
Kitchen Features: Electric Range; Dishwasher; Freezer; Refrigerator
Bathroom Features: Shower & Tub/Primary
Laundry: In Kitchen; Dryer Included; Washer Included
Extra Room: None
Interior Features: Ceiling Fan(s); Smoke Detector
Floor Covering: Ceramic Tile
Window Covering: None
Technology: Cable TV; High Speed Internet
Main Cooling: Ceiling Fan(s); Central Air
Main Heating: Electric; Forced Air
Water Heater: Electric
Gas: None
Sewer: Connected
Water: Public
Accessibility Option: None
Security: None
Green Features: Energy Star Appliance
Pool: None
Spa: None
Fence: None
Landscape - Front: Low Care
Landscape - Rear: None
View: Residential
Road Type: Paved
Driveway: Car(s) Pad
Exterior Feature: None
Lot Features: East/West Exposure
Neighborhood Features: None
Terms: Cash; Conventional; FHA Loan; VA Loan
Submit With Offer: Income Property Addendum; Lender Pre-Approval; Loan Pre-Qualifiaction; Proof of Funds
Property Disclosures: Lead Based Paint; Seller Prop Disclosure; Insurance Claims History Report
Special Conditions: None
Income Property Addendum 
Listing Office: Keller Williams Integrity First
Last Updated: October - 08 - 2026
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