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231 W 32nd Street, Tucson, AZ 85713

$365,000
Property Type: Multi-Family Square Footage: 2,152 Lot Size (sq. ft.): 6,517 Status: Active
Current Price: $365,000 List Date: 9/10/2026 Last Modified: 9/10/2026

Overview

Description

Investment opportunity near Downtown Tucson! This triplex features three separate units with a desirable mix: one 2-bedroom/1-bath unit, one 2-bedroom/1-bath unit, and one 1-bedroom/1-bath unit. The property offers approximately 2,152 square feet of total living space on a 6,534-square-foot lot. Each residence provides its own functional layout, giving investors multiple income-producing units within one property. Conveniently located near major roads, shopping, dining, schools, and other Tucson amenities. An excellent opportunity to expand your rental portfolio or explore an owner-occupant investment strategy. Buyer to verify all facts, figures, and information.

Listing Details MLS# 22621942

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
118240390
Area
South
Subdivision
Home Addition

General Property Information

Dwelling Type
Triplex
Attached/Detached
Detached
Construction Status
Existing
Lot Dimensions
147' x 45' x 147' x 44'
Lot Acres
0.14
Lot Sqft
6517
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
169.61
Lot Size Price/SqFt
56.01

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
SOUTH ON 10TH AVE, EAST ON 32ND STREET, 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 %
8.84
Gross Rent Multi
9.97
Vacancy Rate %
0.01
Exp/SqFt
2.02
Exp % of Gross
11.86

Income

Gross Scheduled Rent
36600
Vacancy Loss
5
Adjusted Gross
36595
Total Expenses
4338.74
Net Opp Income
32256.26

Expenses

Insurance
1450
Maintenance Supplies
1390
Taxes/Assessments
1498.74
Figures Presented
Actual

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
IDX
Listing Office: Real Broker
Last Updated: September - 10 - 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 2026 MLS of Southern Arizona. All Rights Reserved.

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