EMS Realty

Lisa A.Suarez, Designated Broker

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$550,000
534 N Ash Avenue
Tucson, AZ 85705
MLS# 22531842
1728 sqft
The front view of the Ash apartment property with brand-new roof and showing the proximity to downtown Tucson.
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The front view of the Ash apartment property with brand-new roof and showing the proximity to downtown Tucson. 540 Ash Kitchen 540 Ash bathroom 540 Ash Kitchen with resurfaced wood floors 540 Ash back yard with off-street parking beyond 540 Ash Living space 534 Ash Living space with wood floors 534 Ash Living Space 534 Ash living space looking the other way. 534 Ash Bedroom 534 Ash Bathroom Drone shot showing the proximity of the fourplex to the downtown area. Another aerial shot of the property and the Catalinas in the background. The Sixth St underpass is in the foreground. Drone shot of the property and the majestic city in the background High drone shot showing the large off-street parking area. The four steel fences that are in the back of the property. Good dog yards. Another shot of the back of the property showing the back yards of the four units. The back yard of the middle units, 536 and 538 The Southernmost yards of the 534 and 536 units 534 yard and decorative fence Another view of the off-street parking area and A Mountain. Back Parking area. View to the West Yard for 540 Ash Ave The back yards looking south 534 N Ash Avenue, Tucson, AZ 85705 New paint and beautiful mature landscaping on this historic property Nice dog yard and bougainvillea make this a very livable space historic brick downtown fourplex with front planters and dead end street. Final view from the front stoop. 536 Ash Kitchen floor 536 Ash kitchen area 536 Ash railroad style apartment 536 ash bathroom with shower

Property Description
Located in the heart of downtown, this high-demand four-plex enjoys unbeatable proximity to Fourth Avenue, the modern streetcar, The University of Arizona, Pima College Helen St Annex, The Downtown Entertainment District, and everything else Downtown Tucson has to offer. The property features four historic railroad-style apartments, each with off-street parking and private yards enclosed by artistic steel fencing. With wood floors throughout, a brand-new roof, fresh exterior paint, and minimal landscaping needs, this investment offers strong cash flow with low operating cost.

Details
Maps
Documents
Address Information
Street #: 534
Direction: N
Street Name: Ash
Suffix: Avenue
State/Province: AZ
Zip Code: 85705
County: Pima
Country: USA
Location Tax Legal
Tax Code: 117-04-2040
Area: Central
Subdivision: Tucson
Contract Information
Current Price: $550,000
List Price: $550,000
Listing Date: 2025-12-16
Status: Active
Method of Title: Fee (Simple)
Distressed Info: None
General Property Information
Dwelling Type: Quadruplex
Attached/Detached: Attached
Construction Status: Existing
Lot Dimensions: 98' x 65' x 98' x 65'
Lot Acres: 0.15
Lot Sqft: 6621
Lot Size Source: Assessor
Combined SqFt: 1728
Year Built: 1915
Total Parking: 6
School District: TUSD
Elementary School: Davis Bilingual Magnet
Middle School: Mansfeld
High School: Tucson
Horse Property: No
Horse Facilities: No
List Price/SqFt: 318.29
Lot Size Price/SqFt: 83.07
Remarks Misc
Geo Lat: 32.228617
Geo Lon: -110.972316
Showing Information
Directions: Stone and 6th, North to 5th St, West to Ash Ave, S to address.
Unit Info
# of Units/1 BR: 4
Avg Mo Rent/1 BR: 693.75
Unit 1 Information
Monthly Rent: 800
# Beds: 1
# Full Baths: 1
SqFt: 425
Occupancy: Yes
Stories: Single
Floor: 1st
Furnished: No
Parking: On Property
Unit 2 Information
Monthly Rent: 675
# Beds: 1
# Full Baths: 1
SqFt: 407
Occupancy: Yes
Stories: Single
Floor: 1st
Furnished: No
Parking: On Property
Unit 3 Information
Monthly Rent: 650
# Beds: 1
# Full Baths: 1
SqFt: 407
Occupancy: Yes
Stories: Single
Furnished: No
Parking: On Property
Unit 4 Information
Monthly Rent: 650
# Beds: 1
# Full Baths: 1
SqFt: 425
Occupancy: Yes
Stories: Single
Floor: 1st
Furnished: No
Parking: On Property
Analysis
Cap Rate %: 3.72
Gross Rent Multi: 17.27
Exp/SqFt: 6.9
Exp % of Gross: 35.8
Income
Gross Scheduled Rent: 33300
Adjusted Gross: 33300
Total Expenses: 11920
Net Opp Income: 21380
Expenses
Insurance: 2023
Maintenance Supplies: 1000
Management: 4524
Taxes/Assessments: 3173
Water/Sewer: 1200
Figures Presented: Actual
Kitchen Features
Pantry: Cabinet
Appliance Color: White
Interior Features
Interior Steps: No
Electric
Electric Company: TEP
Water
Water Company: Tucson Water
Utilities Paid
Cable TV: Tenant
Electric: Tenant
Gas: Tenant
Insurance: Owner
Sewer: Owner
Taxes: Owner
Trash: Owner
Water: Owner
RV Parking
Other: None
Subdivision Restrict
Age Restrictions: No
Deed Restrictions: Yes
CC&Rs: No
Submit With Offer
Digital Signatures: Yes
Home Protection
Offered: No
Property Features
Construction: Brick; Wood Frame
Style: Bungalow
Roof: Shingle
Living Areas: None
Dining Areas: Eat-In Kitchen
Dining Room: None
Breakfast: Eat-In
Kitchen Features: Gas Range; Refrigerator
Bathroom Features: Pedestal Sink(s)
Laundry: None
Extra Room: None
Interior Features: Ceiling Fan(s); Smoke Detector
Floor Covering: Ceramic Tile; Wood
Window Covering: Some
Window Features: Double Pane Windows
Technology: Cable TV; Telephone
Main Cooling: Dual
Main Heating: Baseboard; Wall Furnace
Water Heater: Natural Gas
Gas: Natural
Sewer: Connected
Accessibility Option: None
Security: None
Pool: None
Spa: None
Fence: Wrought Iron
Landscape - Front: Flower Beds; Shrubs; Trees
Landscape - Rear: Graded
Road Type: Paved
Driveway: Car(s) Pad
Exterior Feature: None
Lot Features: East/West Exposure
Neighborhood Features: Historic; Paved Street; Sidewalks; Street Lights
Terms: Cash; Conventional; Submit
Submit With Offer: Earnest Check; Loan Pre-Qualifiaction; Proof of Funds
Property Disclosures: Lead Based Paint; Insurance Claims History Report
Special Conditions: None

Listing Office: Tierra Antigua Realty

Last Updated: January - 20 - 2026

534 N Ash Avenue, Tucson, AZ 85705 - MLS# 22531842
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