231 W 32nd Street, Tucson, AZ 85713 (MLS# 22608281)

231 W 32nd Street, Tucson, AZ 85713

$369,999
Property Type: Multi-Family Square Footage: 2,152 Lot Size (sq. ft.): 56 Status: Active
Current Price: $369,999 List Date: 3/30/2026 Last Modified: 3/30/2026

Overview

Description

ncome-producing triplex in Tucson with tenants in place, offering immediate cash flow from day one. The property features a strong unit mix with consistent rental income and stable occupancy. Current rents provide reliable performance with potential for future increases. Situated on a 6,500+ sq ft lot, the asset offers long-term upside through rent optimization and efficient management. Located in South Tucson with access to major roads, schools, and employment centers, supporting strong rental demand and tenant retention. Ideal for investors seeking a stable, income-generating property with upside.

Listing Details MLS# 22608281

Address Information

Street #
231
Direction
W
Street Name
32nd
Suffix
Street
State/Province
AZ
Zip Code
85713
County
Pima
Country
USA

Location, Tax & Legal

Tax Code
118-24-0390
Area
South
Subdivision
Home Addition
Comparable Only Listing
No
Tax Year
2025
Taxes
1490.8
Taxes For
Dwelling & Land
Legal Description
From Parcel:001010010 /Home Lot 5 Blk 21
Township
14
Community
None
Range
13
Section
24
Municipality/Zoning
South Tucson - SR1
Fire Protection
Included in Taxes
FEMA Flood Zone
No
Municipal Flood Zone
No

General Property Information

Dwelling Type
Triplex
Attached/Detached
Detached
Construction Status
Existing
Lot Dimensions
147' x 45' x 147' x 44'
Lot Acres
0.15
Lot Sqft
6534
Lot Size Source
Assessor
Combined SqFt
2152
Year Built
1940
Total Parking
2
School District
TUSD
Elementary School
Ochoa
Middle School
Safford K-8 Magnet
High School
Tucson
Horse Property
No
Horse Facilities
No
List Price/SqFt
171.93
Lot Size Price/SqFt
56.63

Property Features

Construction: Brick; Stucco Finish Style: Territorial Roof: Rolled Living Areas: Living Room Dining Areas: Eat-In Kitchen Dining Room: None Breakfast: Eat-In Kitchen Features: Refrigerator Bathroom Features: None Laundry: Laundry Room Extra Room: None Floor Covering: Ceramic Tile; Vinyl Window Covering: None Technology: Cable TV; High Speed Internet Main Cooling: Ceiling Fan(s); Window Unit(s) Main Heating: Wall Furnace Water Heater: Electric Gas: None Sewer: Connected Water: Public Accessibility Option: None Pool: None Spa: None Fence: Block; Chain Link; Wrought Iron Landscape - Front: Low Care Landscape - Rear: Low Care View: Mountain(s) Road Type: Dirt; Paved Exterior Feature: None Lot Features: North/South Exposure Neighborhood Features: None Terms: Cash; Conventional; FHA Loan Submit With Offer: Lender Pre-Approval; Proof of Funds Property Disclosures: None Special Conditions: None

Contract Information

Method of Title
Fee (Simple)
Distressed Info
None

More Information

Showing Information

Directions
East on 22nd St, South on 10th Ave, East on 32nd St, Property to the South

Unit Info

# of Units/1 BR
Yes
Avg Mo Rent/1 BR
800
# of Units/2 BR
Yes
Avg Mo Rent/2 BR
900
# of Units/Other
Yes
Avg Mo Rent/Other
1350

Unit 1 Information

Monthly Rent
1350
# Beds
2
# Full Baths
Yes
SqFt
1089
Occupancy
No
Stories
Single
Floor
1st
Furnished
No
Parking
On Property

Unit 2 Information

Monthly Rent
900
# Beds
2
# Full Baths
Yes
SqFt
531
Occupancy
Yes
Stories
Single
Floor
1st
Furnished
No
Parking
On Street

Unit 3 Information

Monthly Rent
800
# Beds
Yes
# Full Baths
Yes
SqFt
531
Occupancy
Yes
Stories
Single
Floor
1st
Furnished
No
Parking
On Street

Analysis

Cap Rate %
8.72
Gross Rent Multi
10.11
Exp/SqFt
2.02
Exp % of Gross
11.85
Vacancy Rate %
0

Income

Gross Scheduled Rent
36600
Adjusted Gross
36600
Total Expenses
4338.74
Net Opp Income
32261.26
Vacancy Loss
0
Other Income
0

Expenses

Insurance
1450
Maintenance Supplies
1390
Taxes/Assessments
1498.74
Figures Presented
Actual
Admin Expenses
0
Capital Expenses
0
Contract Services
0
Gas/Electric
0
Management
0
Resident Manager
0
Water/Sewer
0
Other Expenses
0

Interior Features

Interior Steps
No

Electric

Other
TEP

Security

Other
Security Doors

Utilities Paid

Cable TV
Tenant
Electric
Tenant
Gas
Tenant
Insurance
Owner
Sewer
Tenant
Taxes
Owner
Trash
Tenant
Water
Owner

Driveway

Paved
Concrete

RV Parking

Other
nonte

Subdivision Restrict

Age Restrictions
No
Deed Restrictions
No
CC&Rs
No

Home Protection

Offered
No

Gas

None
Yes

Construction

Brick
Yes
Stucco Finish
Yes

Style

Territorial
Yes

Sewer

Connected
Yes

Roof

Rolled
Yes

Water

Public
Yes

Living Areas

Living Room
Yes

Dining Areas

Eat-In Kitchen
Yes

Fence

Block
Yes
Chain Link
Yes
Wrought Iron
Yes

Dining Room

None
Yes

View

Mountain(s)
Yes

Breakfast

Eat-In
Yes

Road Type

Dirt
Yes
Paved
Yes

Kitchen Features

Refrigerator
Yes

Road Maintenance

City
Yes

Lot Features

North/South Exposure
Yes

Main Cooling

Ceiling Fan(s)
Yes
Window Unit(s)
Yes

Laundry

Laundry Room
Yes

Neighborhood Features

None
Yes

Main Heating

Wall Furnace
Yes

Extra Room

None
Yes

Water Heater

Electric
Yes

Association & Fees

HOA
No

Bathroom Features

None
Yes

Terms

Cash
Yes
Conventional
Yes
FHA Loan
Yes

Floor Covering

Ceramic Tile
Yes
Vinyl
Yes

Submit With Offer

Lender Pre-Approval
Yes
Proof of Funds
Yes

Window Covering

None
Yes

Accessibility Option

None
Yes

Technology

Cable TV
Yes
High Speed Internet
Yes

Landscape - Front

Low Care
Yes

Landscape - Rear

Low Care
Yes

Patio/Deck

Covered
Yes

Pool

None
Yes

Property Disclosures

None
Yes

Spa

None
Yes

Special Conditions

None
Yes

Exterior Feature

None
Yes
Listing Office: Real Broker
IDX
Last Updated: March - 30 - 2026
The data relating to real estate listings on this website comes in part from the Internet Data Exchange (IDX) program of Multiple Listing Service of Southern Arizona. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listings provided by brokerages other than the listing brokerage here are identified with the MLSSAZ IDX Logo. All Information Is Deemed Reliable But Is Not Guaranteed Accurate. Listing information Copyright 2020 MLS of Southern Arizona. All Rights Reserved.

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