$650,000
Tucson, AZ 85745
MLS# 22626486
2655 sqft
1 / 32
Property Description
Built in 1940 and set at the foot of A Mountain, is a collection of six historic units. Every roof has been replaced in recent years, nearly all units have traded evaporative cooling for efficient ductless mini-split air conditioning, and several electrical panels have been updated along the way. A dedicated laundry outbuilding, with a well-maintained water heater and coin-operated washer and dryer, adds convenience for tenants and a modest stream of additional income. The location is hard to match. The modern streetcar is close at hand, the Mercado District sits just minutes away, and Saint Mary's Hospital and the full energy of downtown Tucson are within easy reach, a draw for residents who want to live near the city's best restaurants, markets and events.
Details
Maps
Address Information
Country: USA
Street #: 1400
Direction: W
Street Name: Congress
Suffix: Street
State/Province: AZ
Zip Code: 85745
County: Pima
Location, Tax & Legal
Tax Year: 2026
Taxes: 2470.85
Taxes For: Building & Land
Legal Description: PTN FRACTIONAL LOT 9 LYG NLY & ADJ BLK 3MENLO PARK ANNEX .40 AC SEC 14-14-13
Municipality/Zoning: Tucson - R2
Fire Protection: Included in Taxes
FEMA Flood Zone: No
Municipal Flood Zone: No
Tax Code: 11621311C
Area: West
Contract Information
Short Sale: No
Current Price: $650,000
List Price: $650,000
Listing Date: 2026-10-30
Status: Active
General Property Information
Property Sub-Type: Apartment
Lot Dimensions: irregular
Lot Acres: 0.4
Lot Sqft: 17428
Multi-Tenant: Yes
Lot Size Source: Assessor
Source of SqFt: Assessor
List Price/SqFt: 244.82
Lot Size Price/SqFt: 37.3
Year Built: 1940
Combined SqFt: 2655
Showing Information
Directions: W on W Congress Street, units starts at the corner of Congress and S Cuesta Ave.
Electric
Electric Company: TEP
Income
Vacancy Loss: 1165
Other Income: 660
Adjusted Gross: 57095
Gross Scheduled Rent: 57600
Net Opp Income: 47107.38
Gas
Natural: 1
Analysis
Gross Rent Multi: 11.38
Vacancy Rate %: 2.02
Cap Rate %: 7.25
Construction
Masonry Stucco: 1
Expenses
Insurance: 3235
Taxes/Assessments: 2212.62
Water/Sewer: 4140
Other Expenses: 400
Sewer
Connected: 1
Unit Information
Other: freestanding units
Apartment Unit Information
# of Units/Studios: 3
Avg Mo Rent/Studios: 666
# of Units/1 BR: 2
Avg Mo Rent/1 BR: 850
# of Units/2 BR: 1
Avg Mo Rent/2 BR: 1100
Roof
Built-Up - Reflect: 1
Shingle: 1
Water
Public: 1
Water Company: City of Tucson
Property Features
Entertainment Center Equipped: No
Smoke Detector: 1
Fence
Chain Link: 1
Road Type
Paved: 1
Fenced Storage
Yes: 1
Lot Features
Corner Lot: 1
East/West Exposure: 1
North/South Exposure: 1
Main Cooling
Ceiling Fan(s): 1
Central Air: 1
Evaporative Cooling: 1
Other: mini splits
Main Heating
Electric: 1
Forced Air: 1
Heat Pump: 1
Wall Furnace: 1
Water Heater
Electric: 1
Natural Gas: 1
Terms
Cash: 1
Conventional: 1
Exchange: 1
Submit With Offer
Lender Pre-Approval: 1
Proof of Funds: 1
Accessibility Option
None: 1
Special Conditions
None: 1
Security
None: 1
Landscape - Front
Decorative Gravel: 1
Low Care: 1
Natural Desert: 1
Trees: 1
Landscape - Rear
Decorative Gravel: 1
Low Care: 1
Trees: 1
Parking
Free: 1
Public Parking: 1
Other: side park for 2 unit
Business Location
Corner Lot: 1
Free Standing Bldg: 1
Freeway/Highway
1.1 - 2 Miles: 1
Access: 1
Frontage: 1
Traffic Count
Unknown: 1
Possession
Negotiable: 1
Property Disclosures
Lead Based Paint: 1
Seller Prop Disclosure: 1
Remarks Misc
Geo Lat: 32.21935
Geo Lon: -110.993678
Property Features
Property Features: Smoke Detector
Construction: Masonry Stucco
Roof: Built-Up - Reflect; Shingle
Fenced Storage: Yes
Main Cooling: Ceiling Fan(s); Central Air; Evaporative Cooling
Main Heating: Electric; Forced Air; Heat Pump; Wall Furnace
Water Heater: Electric; Natural Gas
Gas: Natural
Sewer: Connected
Water: Public
Accessibility Option: None
Security: None
Fence: Chain Link
Landscape - Front: Decorative Gravel; Low Care; Natural Desert; Trees
Landscape - Rear: Decorative Gravel; Low Care; Trees
Road Type: Paved
Parking: Free; Public Parking
Lot Features: Corner Lot; East/West Exposure; North/South Exposure
Business Location: Corner Lot; Free Standing Bldg
Traffic Count: Unknown
Terms: Cash; Conventional; Exchange
Possession: Negotiable
Submit With Offer: Lender Pre-Approval; Proof of Funds
Property Disclosures: Lead Based Paint; Seller Prop Disclosure
Special Conditions: None
Supplements
The generous lot leaves real room to grow: an existing storage building could be removed and create a path to expanding the property's income over time. Call agent for a extended walkthrough of upgrades and potential room for improvements.
Listing Office: Tierra Antigua Realty
Last Updated: October - 31 - 2026
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