Current Listings from Andy Courtney Properties

232 E University Boulevard, Tucson, AZ 85705

$623,500

The three dwelling units each have their own address and share this center courtyard

Another view of the delightful shared courtyard

Living Room with Arch entry in 732 N Arizona Ave.

Bath in 732 N Arizona Ave with Pedestal Sink, subway tile and built-in storage.

Property Type: Multi-Family Square Footage: 1,960 Lot Size (sq. ft.): 86 Status: Active

Current Price: $623,500 List Date: 3/28/2026 Last Modified: 4/15/2026

Overview

Description

Fantastic location just 5 blocks from the University of Arizona, includes 3 separate rental units that share a common courtyard. The Parcel code contains 3 addresses: 732 Arizona Ave (delightful one-bedroom unit) plus a duplex (228 and 232 University Blvd). High ceilings, wood floors and terrific built-ins. Each unit is metered for separate electric and gas. Super easy walk or biking the UofA Campus (GO CATS!), OR to Fourth Ave restaurants and shops; OR just hop on the trolly for a 3 minute ride to nearby downtown or Banner University Medical Center. Excellent history of consistent rentals makes for a fabulous investment opportunity! ALSO - Owner can flexibly live in one of the units and rent the others for cash flow!

Listing Details MLS# 22608141

Address Information

Street #: 232
Direction: E
Street Name: University
Suffix: Boulevard
State/Province: AZ
Zip Code: 85705
County: Pima
Country: USA

Location, Tax & Legal

Tax Code: 117-03-2870
Area: Central
Subdivision: Tucson
Tax Year: 2025
Taxes: 2939
Taxes For: Dwelling & Land
Legal Description: From Parcel:001010010 /Tucson W54.80' Lots 1 & 4 Blk 40
Township: 14
Community: None
Range: 13
Section: 12
Municipality/Zoning: Tucson - HR3
Fire Protection: Subscription
FEMA Flood Zone: No
Municipal Flood Zone: No

General Property Information

Dwelling Type: Triplex
Attached/Detached: Attached
Construction Status: Existing
Lot Dimensions: 51 x 133 x 49 x 132
Lot Acres: 0.16
Lot Sqft: 7231
Lot Size Source: Assessor
Combined SqFt: 1960
Year Built: 1923
School District: TUSD
Elementary School: Roskruge
Middle School: Roskruge Bilingual Magnet
High School: Tucson
Horse Property: No
Horse Facilities: No
List Price/SqFt: 318.11
Lot Size Price/SqFt: 86.23
Total Parking: 0

Property Features

Construction: Masonry Stucco Style: Bungalow Roof: Built-Up - Reflect; Tile Living Areas: Living Room Dining Areas: Dining in LR/GR Dining Room: Area Breakfast: None Kitchen Features: Gas Range; Refrigerator Bathroom Features: Shower & Tub/Hall; Pedestal Sink(s) Laundry: Outside; Dryer Included; Washer Included Extra Room: None Interior Features: Built-in Features Floor Covering: Wood Window Covering: Stay Technology: Cable TV; High Speed Internet Main Cooling: Central Air Main Heating: Forced Air; Natural Gas Water Heater: Natural Gas Gas: Natural Sewer: Connected Water: Public Accessibility Option: None Security: None Pool: None Spa: None Fence: Block Landscape - Front: Low Care; Shrubs; Trees Landscape - Rear: Low Care View: Residential Road Type: Paved Driveway: None Exterior Feature: Courtyard Lot Features: Adjacent to Alley; Corner Lot; Subdivided Neighborhood Features: Paved Street; Sidewalks Terms: Cash; Conventional; FHA Loan Submit With Offer: Loan Pre-Qualifiaction; Proof of Funds Property Disclosures: Lead Based Paint; Seller Prop Disclosure Special Conditions: None

Contract Information

Method of Title: Fee (Simple)
Distressed Info: None

More Information

Showing Information

Directions: Speedway/ 6th Ave, South on 6th Ave to University Blvd, East on University to address on the right. On the corner of University and Arizona Ave

Unit Info

# of Units/1 BR: 3

Unit 1 Information

Monthly Rent: 925
# Beds: Yes
# Full Baths: Yes
SqFt: 648
Occupancy: Yes
Stories: Single
Floor: 1st
Furnished: No
Parking: On Street

Unit 2 Information

Monthly Rent: 900
# Beds: Yes
# Full Baths: Yes
SqFt: 581
Occupancy: Yes
Stories: Single
Floor: 1st
Furnished: No
Parking: On Street

Unit 3 Information

Monthly Rent: 1100
# Beds: Yes
# Full Baths: Yes
SqFt: 730
Occupancy: Yes
Stories: Single
Furnished: No
Parking: On Street

Analysis

Cap Rate %: -0.12
Gross Rent Multi: 75.96
Exp/SqFt: 4.89
Exp % of Gross: 109.39
Vacancy Rate %: 0

Income

Gross Scheduled Rent: 8755
Adjusted Gross: 8755
Total Expenses: 9577.05
Net Opp Income: -822.04
Vacancy Loss: 0
Other Income: 0

Expenses

Admin Expenses: 760
Gas/Electric: 1200
Insurance: 553.24
Maintenance Supplies: 1325
Management: 700.4
Taxes/Assessments: 2938.41
Water/Sewer: 1800
Other Expenses: 300
Figures Presented: Actual
Capital Expenses: 0
Contract Services: 0
Resident Manager: 0

Interior Features

Interior Steps: No
Built-in Features: Yes

Electric

Electric Company: TEP

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

Home Protection

Offered: No

Gas

Natural: Yes

Construction

Masonry Stucco: Yes

Style

Bungalow: Yes

Sewer

Connected: Yes

Roof

Built-Up - Reflect: Yes
Tile: Yes

Water

Public: Yes

Living Areas

Living Room: Yes

Dining Areas

Dining in LR/GR: Yes

Fence

Block: Yes

Dining Room

Area: Yes

View

Residential: Yes

Breakfast

None: Yes

Road Type

Paved: Yes

Kitchen Features

Gas Range: Yes
Refrigerator: Yes

Road Maintenance

City: Yes

Lot Features

Adjacent to Alley: Yes
Corner Lot: Yes
Subdivided: Yes

Main Cooling

Central Air: Yes

Laundry

Outside: Yes
Dryer Included: Yes
Washer Included: Yes

Neighborhood Features

Paved Street: Yes
Sidewalks: Yes

Main Heating

Forced Air: Yes
Natural Gas: Yes

Extra Room

None: Yes

Water Heater

Natural Gas: Yes

Association & Fees

HOA: No

Bathroom Features

Shower & Tub/Hall: Yes
Pedestal Sink(s): Yes

Terms

Cash: Yes
Conventional: Yes
FHA Loan: Yes

Floor Covering

Wood: Yes

Submit With Offer

Loan Pre-Qualifiaction: Yes
Proof of Funds: Yes

Window Covering

Stay: Yes

Accessibility Option

None: Yes

Technology

Cable TV: Yes
High Speed Internet: Yes

Security

None: Yes

Landscape - Front

Low Care: Yes
Shrubs: Yes
Trees: Yes

Landscape - Rear

Low Care: Yes

Patio/Deck

None: Yes

Pool

None: Yes

Property Disclosures

Lead Based Paint: Yes
Seller Prop Disclosure: Yes

Spa

None: Yes

Special Conditions

None: Yes

Driveway

None: Yes

Exterior Feature

Courtyard: Yes

Documents

Lead Paint Discl ›

Walk Ability Score ›

Aerial and Plat Maps ›

Seller Disclosure ›

Listing Office: Long Realty

Last Updated: April - 15 - 2026

Broker Attribution: [email protected]

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.

232 E University Boulevard, Tucson, AZ 85705 (MLS# 22608141)