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3640 E Lee Street, Tucson, AZ 85716

New Listing
$590,000
Property Type: Multi-Family Square Footage: 3,248 Lot Size (sq. ft.): 15,359 Status: Active
Current Price: $590,000 List Date: 10/08/2026 Last Modified: 10/08/2026

Overview

Description

Investor opportunity in Central Tucson! This fully occupied single-story 4-plex offers four 2 bed/1 bath units, each with an in-unit washer and dryer, central A/C, ceiling fans, and easy-care ceramic tile. Kitchens come equipped with an electric range, refrigerator, freezer, and dishwasher. Tenants pay their own electric, helping keep owner expenses low. Set on a generous 0.35-acre lot zoned R-2 with on-site parking and low-care front landscaping. Current rents of $950-$1,120 per unit provide steady income. A great addition to any portfolio, close to shopping, dining, and major routes.

Listing Details MLS# 22624538

Address Information

Street #
3640
Direction
E
Street Name
Lee
Suffix
Street
State/Province
AZ
Zip Code
85716
County
Pima
Country
USA

Location, Tax & Legal

Tax Code
12218088C
Area
Central
Subdivision
Speedway Park Addition

General Property Information

Dwelling Type
Quadruplex
Attached/Detached
Detached
Construction Status
Existing
Lot Dimensions
60' x 240' x 60' x 240'
Lot Acres
0.35
Lot Sqft
15359
Lot Size Source
Appraiser
Combined SqFt
3248
Year Built
1971
Total Parking
8
School District
TUSD
Elementary School
Blenman
Middle School
Doolen
High School
Catalina
Horse Property
No
Horse Facilities
No
List Price/SqFt
181.65
Lot Size Price/SqFt
38.41

Property Features

Construction: Frame - Stucco; Stucco Finish Style: Ranch Roof: Built-Up Living Areas: Living Room Dining Areas: Breakfast Nook; Eat-In Kitchen Dining Room: None Breakfast: Area Kitchen Features: Electric Range; Dishwasher; Freezer; Refrigerator Bathroom Features: Shower & Tub/Primary Laundry: In Kitchen; Dryer Included; Washer Included Extra Room: None Interior Features: Ceiling Fan(s); Smoke Detector Floor Covering: Ceramic Tile Window Covering: None Technology: Cable TV; High Speed Internet Main Cooling: Ceiling Fan(s); Central Air Main Heating: Electric; Forced Air Water Heater: Electric Gas: None Sewer: Connected Water: Public Accessibility Option: None Security: None Green Features: Energy Star Appliance Pool: None Spa: None Fence: None Landscape - Front: Low Care Landscape - Rear: None View: Residential Road Type: Paved Driveway: Car(s) Pad Exterior Feature: None Lot Features: East/West Exposure Neighborhood Features: None Terms: Cash; Conventional; FHA Loan; VA Loan Submit With Offer: Income Property Addendum; Lender Pre-Approval; Loan Pre-Qualifiaction; Proof of Funds Property Disclosures: Lead Based Paint; Seller Prop Disclosure; Insurance Claims History Report Special Conditions: None

Contract Information

Method of Title
Fee (Simple)
Distressed Info
None

More Information

Showing Information

Directions
Dodge Blvd. and Pima St., South to Lee St., West to address 3640 on left.

Unit Info

# of Units/2 BR
4
Avg Mo Rent/2 BR
1016

Unit 1 Information

Monthly Rent
950
# Beds
2
# Full Baths
Yes
SqFt
828
Occupancy
Yes
Stories
Single
Floor
1st
Furnished
No
Parking
On Property

Unit 2 Information

Monthly Rent
950
# Beds
2
# Full Baths
Yes
SqFt
880
Occupancy
Yes
Stories
Single
Floor
1st
Furnished
No
Parking
On Property

Unit 3 Information

Monthly Rent
1120
# Beds
2
# Full Baths
Yes
SqFt
825
Occupancy
Yes
Stories
Single
Furnished
No
Parking
On Property

Unit 4 Information

Monthly Rent
1045
# Beds
2
# Full Baths
Yes
SqFt
803
Occupancy
Yes
Stories
Single
Floor
1st
Furnished
No
Parking
On Property

Analysis

Cap Rate %
6.26
Gross Rent Multi
12.1
Exp/SqFt
3.65
Exp % of Gross
24.33

Income

Gross Scheduled Rent
48780
Adjusted Gross
48780
Total Expenses
11866.4
Net Opp Income
36913.6

Expenses

Insurance
1312
Management
3902.4
Taxes/Assessments
3892
Water/Sewer
2760
Figures Presented
Actual

Electric

Electric Company
TEP

Utilities Paid

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

RV Parking

Other
None

Subdivision Restrict

Age Restrictions
No
Deed Restrictions
Yes
CC&Rs
Yes

Submit With Offer

Seller Title Company
Premier

Home Protection

Offered
No
IDX
Listing Office: Keller Williams Integrity First
Last Updated: October - 08 - 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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