472 W Walnut Street, Nogales, AZ 85621 (MLS# 22526712)

472 W Walnut Street, Nogales, AZ 85621

$450,000
Property Type: Multi-Family Square Footage: 5,369 Lot Size (sq. ft.): 45 Status: Active
Current Price: $450,000 List Date: 10/15/2025 Last Modified: 11/01/2025

Overview

Description

Discover a rare investment opportunity in downtown Nogales, AZ, with this charming 1915 two-story brick territorial four-plex located on historic Walnut Street. Its prime location places it within walking distance of all amenities in both Nogales, AZ, and Nogales, Sonora. The building comprises of 3 spacious 2bd/1 bathroom units, each measuring 1,106 sq. ft., and a 1,526 sq. ft. 3bd/ 1 bathroom unit. Each unit has its own fireplace and washer/dryer room. The ground-level units share a welcoming porch and a front yard, securely enclosed by a fence. The lot in back has ample space for more units/income! Each unit is separately metered for electricity and gas. Current tenants are month to month. Listing agent is related to seller

Listing Details MLS# 22526712

Address Information

Street #
472
Direction
W
Street Name
Walnut
Suffix
Street
State/Province
AZ
Zip Code
85621
County
Santa Cruz
Country
USA

Location, Tax & Legal

Tax Code
101-42-033
Area
SCC-Nogales East
Subdivision
Downtown
Comparable Only Listing
No
Tax Year
2024
Taxes
1145.42
Taxes For
Dwelling & Land
Legal Description
Sub Herold Lot 5 Blk 1
Township
24
Range
14
Section
18
Municipality/Zoning
Nogales - MFR4
Fire Protection
Included in Taxes
FEMA Flood Zone
No
Municipal Flood Zone
No

General Property Information

Dwelling Type
Quadruplex
Attached/Detached
Attached
Construction Status
Existing
Lot Dimensions
54x206x50x185
Lot Acres
0.23
Lot Sqft
10000
Lot Size Source
Appraiser
Combined SqFt
5369
Year Built
1915
Total Parking
6
School District
Nogales Unified School District #1
Elementary School
AJ Mitchell
Middle School
Wade Carpenter
High School
Nogales
Horse Property
No
Horse Facilities
No
List Price/SqFt
83.81
Lot Size Price/SqFt
45

Property Features

Construction: Brick Style: Territorial Roof: Rolled Living Areas: Living Room Dining Areas: Dining in LR/GR Dining Room: Area Breakfast: Room Kitchen Features: Double Sink; Gas Range; Refrigerator Bathroom Features: Shower & Tub/Hall Laundry: Laundry Room Interior Features: Ceiling Fan(s); Smoke Detector; Vaulted Ceiling(s) Floor Covering: Carpet; Ceramic Tile; Vinyl; Wood Window Covering: None Window Features: ENERGY STAR Qualified Windows Technology: High Speed Internet Main Cooling: Ceiling Fan(s); Evaporative Cooling; Wall Unit(s); Window Unit(s) Main Heating: Electric; Forced Air; Radiant Water Heater: Natural Gas Gas: Natural Sewer: Connected Accessibility Option: Wide Hallways Security: Window Bars Pool: None Spa: None Fence: Chain Link Landscape - Front: Low Care; Trees Landscape - Rear: Natural Desert View: Residential Road Type: Chip/Seal Driveway: Car(s) Pad Exterior Feature: None Lot Features: East/West Exposure Neighborhood Features: Paved Street; Sidewalks Assoc Amenities: None Terms: Cash; Conventional; Submit Submit With Offer: Dual Agency Consent; Lender Pre-Approval; Loan Pre-Qualifiaction; Proof of Funds Property Disclosures: Seller Prop Disclosure Special Conditions: None

Contract Information

Method of Title
Fee (Simple)
Distressed Info
None

More Information

Showing Information

Directions
South on I-19 to exit 1B Western, Left on Target Range Road, Right to Macnab Dr., Left to Walnut, Property on Left.

Unit Info

# of Units/2 BR
3
Avg Mo Rent/2 BR
550
# of Units/3 BR
Yes
Avg Mo Rent/3 BR
550

Unit 1 Information

Monthly Rent
550
# Beds
2
# Full Baths
Yes
SqFt
1106
Occupancy
Yes
Stories
Single
Floor
1st
Furnished
No
Parking
On Property

Unit 2 Information

Monthly Rent
550
# Beds
3
# Full Baths
Yes
SqFt
1526
Occupancy
Yes
Stories
Single
Floor
1st
Furnished
No
Parking
On Property

Unit 3 Information

Monthly Rent
550
# Beds
2
# Full Baths
Yes
SqFt
1106
Occupancy
Yes
Stories
Two
Floor
2nd
Furnished
No
Parking
On Street

Unit 4 Information

Monthly Rent
550
# Beds
2
# Full Baths
Yes
SqFt
1106
Occupancy
Yes
Stories
Two
Floor
2nd
Furnished
No
Parking
On Property

Analysis

Cap Rate %
3.18
Gross Rent Multi
17.86
Exp/SqFt
2.03
Exp % of Gross
43.28
Vacancy Rate %
0

Income

Gross Scheduled Rent
25200
Adjusted Gross
25200
Total Expenses
10907
Net Opp Income
14293
Vacancy Loss
0
Other Income
0

Expenses

Insurance
1114
Maintenance Supplies
950
Management
2610
Resident Manager
1200
Taxes/Assessments
1145
Water/Sewer
3888
Figures Presented
Actual
Admin Expenses
0
Capital Expenses
0
Contract Services
0
Gas/Electric
0
Other Expenses
0

Extra Room

Other
Enclosed Balcony

Interior Features

Interior Steps
No
Ceiling Fan(s)
Yes
Smoke Detector
Yes
Vaulted Ceiling(s)
Yes

Electric

Electric Company
UniSource Energy Ser

Water

Water Company
City of Nogales

Security

Other
Some Bars
Window Bars
Yes

Utilities Paid

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

RV Parking

Other
None

Subdivision Restrict

Age Restrictions
No
Deed Restrictions
No
CC&Rs
No

Submit With Offer

Seller Title Company
First American Title
Dual Agency Consent
Yes
Lender Pre-Approval
Yes
Loan Pre-Qualifiaction
Yes
Proof of Funds
Yes

Home Protection

Offered
No

Gas

Natural
Yes

Construction

Brick
Yes

Style

Territorial
Yes

Sewer

Connected
Yes

Roof

Rolled
Yes

Living Areas

Living Room
Yes

Dining Areas

Dining in LR/GR
Yes

Fence

Chain Link
Yes

Dining Room

Area
Yes

View

Residential
Yes

Breakfast

Room
Yes

Road Type

Chip/Seal
Yes

Kitchen Features

Double Sink
Yes
Gas Range
Yes
Refrigerator
Yes

Road Maintenance

City
Yes

Lot Features

East/West Exposure
Yes

Main Cooling

Ceiling Fan(s)
Yes
Evaporative Cooling
Yes
Wall Unit(s)
Yes
Window Unit(s)
Yes

Laundry

Laundry Room
Yes

Neighborhood Features

Paved Street
Yes
Sidewalks
Yes

Main Heating

Electric
Yes
Forced Air
Yes
Radiant
Yes

Water Heater

Natural Gas
Yes

Association & Fees

HOA
No

Bathroom Features

Shower & Tub/Hall
Yes

Terms

Cash
Yes
Conventional
Yes
Submit
Yes

Floor Covering

Carpet
Yes
Ceramic Tile
Yes
Vinyl
Yes
Wood
Yes

Window Covering

None
Yes

Accessibility Option

Wide Hallways
Yes

Window Features

ENERGY STAR Qualified Windows
Yes

Technology

High Speed Internet
Yes

Landscape - Front

Low Care
Yes
Trees
Yes

Landscape - Rear

Natural Desert
Yes

Patio/Deck

Covered
Yes
Patio
Yes

Pool

None
Yes

Property Disclosures

Seller Prop Disclosure
Yes

Spa

None
Yes

Special Conditions

None
Yes

Driveway

Car(s) Pad
Yes

Exterior Feature

None
Yes

Assoc Amenities

None
Yes

Documents

Listing Office: United Real Estate Specialists
IDX
Last Updated: November - 01 - 2025
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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