1120 E Water Street, Tucson, AZ 85719 (MLS# 22615965)

1120 E Water Street, Tucson, AZ 85719

New Listing

$449,000

Property Type: Multi-Family Square Footage: 1,652 Lot Size (sq. ft.): 7,579 Status: Active

Current Price: $449,000 List Date: 6/26/2026 Last Modified: 6/26/2026

Overview

Description

Charming Updated Duplex at 1120 & 1122 E Water St, Tucson, AZ 85719 - Prime Investment or Owner-Occupied Opportunity! This well-maintained 2-unit duplex, built in 1978 and extensively remodeled, offers approximately 1,652 total square feet on a spacious 7,558 sq ft lot. Perfectly situated just about 1 mile from the University of Arizona, it's ideal for investors seeking strong rental income or buyers looking for a smart owner-occupy setup with supplemental rent from the second unit. Unit Highlights Include: • Fresh, modern interiors with all-new cabinets, appliances, flooring, and finishes throughout. • A/C systems for year-round comfort in the Tucson climate. • Total of 4 bedrooms and 3 bathrooms across both units (typically configured as a 1 bed/1 bath + a 3 bed/2 bath layout)

Supplements: Located in a desirable central Tucson neighborhood (Mountain First Avenue area), this property benefits from excellent walkability, proximity to schools (Holaway Elementary, Amphitheater Middle & High), shopping, dining, and easy access to major routes. The R-2 zoning supports its multi-family use, and its history shows consistent appeal for both s ... (Read more)

Listing Details MLS# 22615965

Address Information

Street #: 1120
Direction: E
Street Name: Water
Suffix: Street
State/Province: AZ
Zip Code: 85719
County: Pima
Country: USA

Location, Tax & Legal

Tax Code: 113-09-311A
Area: Central
Subdivision: N/A
Tax Year: 2025
Taxes: 2721.03
Taxes For: Dwelling & Land
Legal Description: From Parcel:001010010 /Brunhilda Lot 1 Blk 5 & Ptn N2 Sw4 Se4 Sw4 Adj Thereto Sec 31-13-14
Township: 13
Community: None
Range: 14
Section: 31
Municipality/Zoning: Tucson - R2
Fire Protection: Included in Taxes
FEMA Flood Zone: TBD
Municipal Flood Zone: TBD

General Property Information

Dwelling Type: Duplex
Attached/Detached: Detached
Construction Status: Existing
Lot Dimensions: irr
Lot Acres: 0.17
Lot Sqft: 7579
Lot Size Source: Appraiser
Combined SqFt: 1652
Year Built: 1996
Total Parking: 4
School District: Amphitheater
Elementary School: Holaway
Middle School: Amphitheater
High School: Amphitheater
Horse Property: No
Horse Facilities: No
List Price/SqFt: 271.79
Lot Size Price/SqFt: 59.24

Property Features

Construction: Brick; Concrete Block; Frame - Stucco Style: Bungalow; Southwestern Roof: Shingle Living Areas: Great Room Dining Areas: Dining in LR/GR Dining Room: None Breakfast: None Kitchen Features: Electric Range; Dishwasher; Refrigerator Bathroom Features: Shower & Tub/Primary; Shower & Tub/Hall Laundry: Laundry Room Extra Room: None Interior Features: Ceiling Fan(s); Smoke Detector Floor Covering: Carpet; Ceramic Tile Window Covering: Stay Window Features: Double Pane Windows Technology: Cable TV; High Speed Internet Main Cooling: Central Air; Zoned Main Heating: Forced Air; Natural Gas Water Heater: Natural Gas Gas: Natural Sewer: Connected Accessibility Option: None Security: None Pool: None Spa: None Fence: Wood Landscape - Front: Decorative Gravel; Desert Plantings Landscape - Rear: Decorative Gravel; Desert Plantings Road Type: Paved Exterior Feature: None Lot Features: Adjacent to Alley Neighborhood Features: None Terms: Cash; Conventional Submit With Offer: Loan Pre-Qualifiaction Property Disclosures: None Special Conditions: None

Contract Information

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

More Information

Showing Information

Directions: From Mountain and Water west to address

Unit Info

# of Units/1 BR: Yes
# of Units/3 BR: Yes

Unit 1 Information

Monthly Rent: 950
# Beds: Yes
# Full Baths: Yes
# Half Baths: Yes
SqFt: 531
Occupancy: Yes
Stories: Single
Floor: 1st
Furnished: No
Parking: On Street

Unit 2 Information

Monthly Rent: 1800
# Beds: 3
# Full Baths: 2
# Half Baths: Yes
SqFt: 960
Occupancy: Yes
Stories: Single
Floor: 2nd
Furnished: No
Parking: On Property

Analysis

Cap Rate %: 5.93
Gross Rent Multi: 13.61
Exp/SqFt: 3.87
Exp % of Gross: 19.38
Vacancy Rate %: 0

Income

Gross Scheduled Rent: 33000
Adjusted Gross: 33000
Total Expenses: 6396
Net Opp Income: 26604
Vacancy Loss: 0
Other Income: 0

Expenses

Management: 2475
Taxes/Assessments: 2721
Water/Sewer: 1200
Figures Presented: Proforma
Admin Expenses: 0
Capital Expenses: 0
Contract Services: 0
Gas/Electric: 0
Insurance: 0
Maintenance Supplies: 0
Resident Manager: 0
Other Expenses: 0

Electric

Electric Company: TEP

Water

Water Company: Tucson

Utilities Paid

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

Driveway

Paved: Gravel

RV Parking

Other: none

Subdivision Restrict

Age Restrictions: No
Deed Restrictions: Yes
CC&Rs: No

Home Protection

Offered: No

Gas

Natural: Yes

Construction

Brick: Yes
Concrete Block: Yes
Frame - Stucco: Yes

Style

Bungalow: Yes
Southwestern: Yes

Sewer

Connected: Yes

Roof

Shingle: Yes

Living Areas

Great Room: Yes

Dining Areas

Dining in LR/GR: Yes

Fence

Wood: Yes

Dining Room

None: Yes

View

City: Yes

Breakfast

None: Yes

Road Type

Paved: Yes

Kitchen Features

Electric Range: Yes
Dishwasher: Yes
Refrigerator: Yes

Road Maintenance

City: Yes

Lot Features

Adjacent to Alley: Yes

Main Cooling

Central Air: Yes
Zoned: Yes

Laundry

Laundry Room: Yes

Neighborhood Features

None: Yes

Main Heating

Forced Air: Yes
Natural Gas: Yes

Extra Room

None: Yes

Water Heater

Natural Gas: Yes

Association & Fees

HOA: No

Interior Features

Ceiling Fan(s): Yes
Smoke Detector: Yes

Bathroom Features

Shower & Tub/Primary: Yes
Shower & Tub/Hall: Yes

Terms

Cash: Yes
Conventional: Yes

Floor Covering

Carpet: Yes
Ceramic Tile: Yes

Submit With Offer

Loan Pre-Qualifiaction: Yes

Window Covering

Stay: Yes

Accessibility Option

None: Yes

Window Features

Double Pane Windows: Yes

Technology

Cable TV: Yes
High Speed Internet: Yes

Special Conditions

None: Yes

Security

None: Yes

Landscape - Front

Decorative Gravel: Yes
Desert Plantings: Yes

Landscape - Rear

Decorative Gravel: Yes
Desert Plantings: Yes

Patio/Deck

None: Yes

Pool

None: Yes

Property Disclosures

None: Yes

Spa

None: Yes

Exterior Feature

None: Yes

Listing Office: Rincon Ventures, Inc.

Last Updated: June - 26 - 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.

1120 E Water Street, Tucson, AZ 85719 (MLS# 22615965)

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