$449,000
Tucson, AZ 85719
MLS# 22615965
1652 sqft
1 / 18
Property Description
Charming Updated Duplex at 1120 & 1122 E Water St, Tucson, AZ 85719 - Prime Investment or Owner-Occupied Opportunity! This well-maintained 2-unit duplex, built in 1978 and extensively remodeled, offers approximately 1,652 total square feet on a spacious 7,558 sq ft lot. Perfectly situated just about 1 mile from the University of Arizona, it's ideal for investors seeking strong rental income or buyers looking for a smart owner-occupy setup with supplemental rent from the second unit. Unit Highlights Include: • Fresh, modern interiors with all-new cabinets, appliances, flooring, and finishes throughout. • A/C systems for year-round comfort in the Tucson climate. • Total of 4 bedrooms and 3 bathrooms across both units (typically configured as a 1 bed/1 bath + a 3 bed/2 bath layout)
Details
Maps
Address Information
Country: USA
Street #: 1120
Direction: E
Street Name: Water
Suffix: Street
State/Province: AZ
Zip Code: 85719
County: Pima
Location, Tax & Legal
Tax Year: 2025
Taxes: 2721.03
Taxes For: Dwelling & Land
Legal Description: From Parcel:001010010 /Brunhilda Lot 1 Blk 5 & Ptn N2 Sw4 Se4 Sw4 Adj Thereto Sec 31-13-14
Township: 13
Community: None
Range: 14
Section: 31
Municipality/Zoning: Tucson - R2
Fire Protection: Included in Taxes
FEMA Flood Zone: TBD
Municipal Flood Zone: TBD
Tax Code: 113-09-311A
Area: Central
Subdivision: N/A
Contract Information
Method of Title: Fee (Simple)
Distressed Info: None
Current Price: $449,000
List Price: $449,000
Listing Date: 2026-06-26
Status: Active
General Property Information
Dwelling Type: Duplex
Attached/Detached: Detached
Construction Status: Existing
Lot Dimensions: irr
Lot Acres: 0.17
Total Parking: 4
Lot Sqft: 7579
Lot Size Source: Appraiser
Horse Property: No
School District: Amphitheater
Elementary School: Holaway
Middle School: Amphitheater
High School: Amphitheater
Horse Facilities: No
List Price/SqFt: 271.79
Lot Size Price/SqFt: 59.24
Combined SqFt: 1652
Year Built: 1996
Showing Information
Directions: From Mountain and Water west to address
Unit Info
# of Units/1 BR: 1
# of Units/3 BR: 1
Electric
Electric Company: TEP
Unit 1 Information
Monthly Rent: 950
# Beds: 1
# Full Baths: 1
# Half Baths: 1
SqFt: 531
Occupancy: Yes
Stories: Single
Floor: 1st
Furnished: No
Parking: On Street
Income
Vacancy Loss: 0
Other Income: 0
Adjusted Gross: 33000
Total Expenses: 6396
Gross Scheduled Rent: 33000
Net Opp Income: 26604
Gas
Natural: 1
Unit 2 Information
Monthly Rent: 1800
# Beds: 3
# Full Baths: 2
# Half Baths: 1
SqFt: 960
Occupancy: Yes
Stories: Single
Floor: 2nd
Furnished: No
Parking: On Property
Analysis
Gross Rent Multi: 13.61
Vacancy Rate %: 0
Exp/SqFt: 3.87
Exp % of Gross: 19.38
Cap Rate %: 5.93
Construction
Brick: 1
Concrete Block: 1
Frame - Stucco: 1
Expenses
Admin Expenses: 0
Capital Expenses: 0
Contract Services: 0
Figures Presented: Proforma
Gas/Electric: 0
Insurance: 0
Maintenance Supplies: 0
Management: 2475
Resident Manager: 0
Taxes/Assessments: 2721
Water/Sewer: 1200
Other Expenses: 0
Style
Bungalow: 1
Southwestern: 1
Sewer
Connected: 1
Roof
Shingle: 1
Water
Water Company: Tucson
Living Areas
Great Room: 1
Dining Areas
Dining in LR/GR: 1
Fence
Wood: 1
Dining Room
None: 1
View
City: 1
Breakfast
None: 1
Road Type
Paved: 1
Kitchen Features
Electric Range: 1
Dishwasher: 1
Refrigerator: 1
Road Maintenance
City: 1
Lot Features
Adjacent to Alley: 1
Main Cooling
Central Air: 1
Zoned: 1
Laundry
Laundry Room: 1
Neighborhood Features
None: 1
Main Heating
Forced Air: 1
Natural Gas: 1
Extra Room
None: 1
Water Heater
Natural Gas: 1
Association & Fees
HOA: No
Interior Features
Ceiling Fan(s): 1
Smoke Detector: 1
Bathroom Features
Shower & Tub/Primary: 1
Shower & Tub/Hall: 1
Terms
Cash: 1
Conventional: 1
Floor Covering
Carpet: 1
Ceramic Tile: 1
Submit With Offer
Loan Pre-Qualifiaction: 1
Window Covering
Stay: 1
Accessibility Option
None: 1
Window Features
Double Pane Windows: 1
Technology
Cable TV: 1
High Speed Internet: 1
Special Conditions
None: 1
Security
None: 1
Landscape - Front
Decorative Gravel: 1
Desert Plantings: 1
Landscape - Rear
Decorative Gravel: 1
Desert Plantings: 1
Patio/Deck
None: 1
Utilities Paid
Cable TV: Tenant
Electric: Tenant
Gas: Tenant
Insurance: Owner
Landscaping: Tenant
Sewer: Owner
Taxes: Owner
Trash: Owner
Water: Owner
Pool
None: 1
Property Disclosures
None: 1
Spa
None: 1
Driveway
Paved: Gravel
RV Parking
Other: none
Exterior Feature
None: 1
Subdivision Restrict
Age Restrictions: No
CC&Rs: No
Deed Restrictions: Yes
Home Protection
Offered: No
Remarks Misc
Geo Lat: 32.251652
Geo Lon: -110.95473
Property Features
Construction: Brick; Concrete Block; Frame - Stucco
Style: Bungalow; Southwestern
Roof: Shingle
Living Areas: Great Room
Dining Areas: Dining in LR/GR
Dining Room: None
Breakfast: None
Kitchen Features: Electric Range; Dishwasher; Refrigerator
Bathroom Features: Shower & Tub/Primary; Shower & Tub/Hall
Laundry: Laundry Room
Extra Room: None
Interior Features: Ceiling Fan(s); Smoke Detector
Floor Covering: Carpet; Ceramic Tile
Window Covering: Stay
Window Features: Double Pane Windows
Technology: Cable TV; High Speed Internet
Main Cooling: Central Air; Zoned
Main Heating: Forced Air; Natural Gas
Water Heater: Natural Gas
Gas: Natural
Sewer: Connected
Accessibility Option: None
Security: None
Pool: None
Spa: None
Fence: Wood
Landscape - Front: Decorative Gravel; Desert Plantings
Landscape - Rear: Decorative Gravel; Desert Plantings
Road Type: Paved
Exterior Feature: None
Lot Features: Adjacent to Alley
Neighborhood Features: None
Terms: Cash; Conventional
Submit With Offer: Loan Pre-Qualifiaction
Property Disclosures: None
Special Conditions: None
Supplements
Located in a desirable central Tucson neighborhood (Mountain First Avenue area), this property benefits from excellent walkability, proximity to schools (Holaway Elementary, Amphitheater Middle & High), shopping, dining, and easy access to major routes. The R-2 zoning supports its multi-family use, and its history shows consistent appeal for both students and long-term residents.
Whether you're expanding your rental portfolio or looking for an affordable way to live near campus while earning income, this duplex delivers turn-key potential with strong cash flow and pride-of-ownership updates. Don't miss this rare opportunity in a high-demand location--schedule your showing today!
Listing Office: Rincon Ventures, Inc.
Last Updated: June - 26 - 2026
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