$625,000
Tucson, AZ 85706
MLS# 22620295
3623 sqft
1 / 49
Property Description
Rare opportunity to acquire a well-located, boutique 5-unit apartment community minutes from Tucson International Airport, Davis-Monthan AFB, and a diverse employer base. This single-address asset offers investors operational simplicity with a strong unit mix of 3BR/2BA, 2BR/1BA, and studio floorplans. Units feature updated wood-look flooring, gas range/oven appliances, garbage disposal, and individual air conditioning. On-site laundry facility serves the property. Current rents are at market across all five units, offering a stabilized income stream with room for future upside.
Details
Maps
Documents
Address Information
Country: USA
Street #: 5737
Direction: S
Street Name: Morris
Suffix: Boulevard
State/Province: AZ
Zip Code: 85706
County: Pima
Location, Tax & Legal
Tax Year: 2025
Taxes: 2412.61
Legal Description: From Parcel:13921084A /Southland Park S52.67' Lot 27 Blk 3
Municipality/Zoning: Tucson - R2
Fire Protection: Included in Taxes
Tax Code: 140-23-084A
Area: South
Contract Information
Short Sale: No
Current Price: $625,000
List Price: $625,000
Listing Date: 2026-08-20
Status: Active
General Property Information
Property Sub-Type: Apartment
# Units: 5
Lot Dimensions: 5314x236.13x51.33x236.08
Lot Acres: 0.28
Lot Sqft: 12415
Multi-Tenant: Yes
Lot Size Source: Assessor
Source of SqFt: Assessor
List Price/SqFt: 172.51
Lot Size Price/SqFt: 50.34
Year Built: 1980
Combined SqFt: 3623
Income
Adjusted Gross: 48419.32
Gross Scheduled Rent: 61310.12
Unit Information
Apartment: Low Rise
Apartment Unit Information
# of Units/1 BR: 1
Avg Mo Rent/1 BR: 800
# of Units/2 BR: 3
Avg Mo Rent/2 BR: 1200
# of Units/3 BR: 1
Avg Mo Rent/3 BR: 1400
Remarks Misc
Geo Lat: 32.147298
Geo Lon: -110.957392
Analysis
Cap Rate %: 7.74
Property Features
Memorandum 
Listing Office: Real Broker
Last Updated: August - 20 - 2026
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