5501 E 2Nd Street, Tucson, AZ 85711

$344,000
Property Type: Multi-Family Square Footage: 2,418 Lot Size (sq. ft.): 10,454 Status: Closed
Current Price: $344,000 List Date: 2/14/2021 Last Modified: 6/05/2026

Overview

Description

Range Price from $325,000-$350,000. Updated triplex with two 2BR/1BA units and one 2BR/2BA unit. Great central location! Perfect for owner occupant and investor. Large private walled rear yards with covered patios. Extensive renovations include remodeled kitchens and remodeled bathrooms in each unit. Updated ceramic tile floors. Updated heat pumps (2017 and 2018). Concrete off street parking areas. Tenants pay electric. Owner pays water/sewer. EZ to rent. Close to dining, shopping, bike route and bus lines. Only 4 miles east of the U of A. Address is 5501, 5503 and 5505 E 2nd Street.

Listing Details MLS# 22104018

Address Information

Street #
5501
Direction
E
Street Name
2Nd
Suffix
Street
State/Province
AZ
Zip Code
85711
County
Pima
Country
USA

Location, Tax & Legal

Tax Code
127-03-0380
Area
Central
Subdivision
Mitman Addition
Comparable Only Listing
No
Tax Year
2020
Taxes
2690
Assessments
0
Taxes For
Dwelling & Land
Legal Description
Mitman W2 S135' of lot 10 Exc W20' Blk 5
Township
14
Community
None
Range
14
Section
12
Municipality/Zoning
Tucson - R2
Fire Protection
Included in Taxes
FEMA Flood Zone
No
Municipal Flood Zone
No

General Property Information

Dwelling Type
Triplex
Attached/Detached
Attached
Construction Status
Existing
Lot Dimensions
78 X 134 +/-
Lot Acres
0.24
Lot Sqft
10454
Lot Size Source
Assessor
Combined SqFt
2418
Year Built
1978
Total Parking
6
School District
TUSD
Elementary School
Sewell
Middle School
Booth-Fickett Math/Science Magnet
High School
Rincon
Horse Property
No
Horse Facilities
No
List Price/SqFt
134.41
Lot Size Price/SqFt
31.09

Property Features

Construction: Frame - Stucco Style: Bungalow Roof: Shingle Living Areas: Living Room Dining Areas: Eat-In Kitchen Dining Room: Area Breakfast: Eat-In Kitchen Features: Electric Range; Refrigerator Bathroom Features: Shower & Tub/Primary; Shower Only/Hall Laundry: Outside Extra Room: Storage Interior Features: Smoke Detector Floor Covering: Carpet; Ceramic Tile Window Covering: Some Technology: Cable TV Main Cooling: Heat Pump Main Heating: Heat Pump Water Heater: Electric Gas: None Sewer: Connected Water: Public Accessibility Option: None Security: Window Bars Pool: None Spa: None Fence: Block Landscape - Front: Low Care Landscape - Rear: Low Care View: Mountain(s) Road Type: Paved Exterior Feature: Shed(s) Lot Features: Adjacent to Alley; North/South Exposure; Subdivided Neighborhood Features: None Terms: Cash; Conventional Submit With Offer: Earnest Check; Income Property Addendum; Lender Pre-Approval; Loan Pre-Qualifiaction; Proof of Funds Property Disclosures: Lead Based Paint; Leases; Military Airport Vct; Seller Prop Disclosure Special Conditions: None

Contract Information

Method of Title
Fee (Simple)
Distressed Info
None

Status Change Info

Off Market Date
2021-02-16
Pending Date
2021-02-25
Sold Date
2021-03-03
Sold Price/SqFt
142.27
Lot Sz Sold Prc/SqFt
32.91
How Sold
Cash

More Information

Showing Information

Directions
N of Craycroft from 5th Street, E on 2nd Street.

Unit Info

# of Units/2 BR
3
Avg Mo Rent/2 BR
785

Unit 1 Information

Monthly Rent
750
# Beds
2
# Full Baths
Yes
SqFt
780
Occupancy
Yes
Stories
Single
Floor
1st
Furnished
No
Parking
On Property

Unit 2 Information

Monthly Rent
850
# Beds
2
# Full Baths
2
SqFt
858
Occupancy
No
Stories
Single
Floor
1st
Furnished
No
Parking
On Property

Unit 3 Information

Monthly Rent
750
# Beds
2
# Full Baths
Yes
SqFt
780
Occupancy
Yes
Stories
Single
Floor
1st
Furnished
No
Parking
On Property

Analysis

Cap Rate %
5.68
Gross Rent Multi
12.42
Vacancy Rate %
1.77
Exp/SqFt
3.37
Exp % of Gross
29.42

Income

Gross Scheduled Rent
28200
Vacancy Loss
500
Adjusted Gross
27700
Total Expenses
8150
Net Opp Income
19550
Other Income
0

Expenses

Capital Expenses
750
Gas/Electric
350
Insurance
1400
Maintenance Supplies
1200
Taxes/Assessments
2700
Water/Sewer
1750
Figures Presented
Proforma
Admin Expenses
0
Contract Services
0
Management
0
Resident Manager
0
Other Expenses
0

Kitchen Features

Appliance Color
White
Microwave
White
Oven
Electric
Electric Range
Yes
Refrigerator
Yes

Laundry

Other
Rear patios
Outside
Yes

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

Driveway

Paved
Concrete

RV Parking

Other
None

Subdivision Restrict

Age Restrictions
No
Deed Restrictions
Yes
CC&Rs
Yes

Submit With Offer

Digital Signatures
Yes
Earnest Check
Yes
Income Property Addendum
Yes
Lender Pre-Approval
Yes
Loan Pre-Qualifiaction
Yes
Proof of Funds
Yes

Home Protection

Offered
No

Gas

None
Yes

Construction

Frame - Stucco
Yes

Style

Bungalow
Yes

Sewer

Connected
Yes

Roof

Shingle
Yes

Water

Public
Yes

Living Areas

Living Room
Yes

Dining Areas

Eat-In Kitchen
Yes

Fence

Block
Yes

Dining Room

Area
Yes

View

Mountain(s)
Yes

Breakfast

Eat-In
Yes

Road Type

Paved
Yes

Road Maintenance

City
Yes

Lot Features

Adjacent to Alley
Yes
North/South Exposure
Yes
Subdivided
Yes

Main Cooling

Heat Pump
Yes

Neighborhood Features

None
Yes

Main Heating

Heat Pump
Yes

Extra Room

Storage
Yes

Water Heater

Electric
Yes

Association & Fees

HOA
No

Interior Features

Smoke Detector
Yes

Bathroom Features

Shower & Tub/Primary
Yes
Shower Only/Hall
Yes

Terms

Cash
Yes
Conventional
Yes

Floor Covering

Carpet
Yes
Ceramic Tile
Yes

Window Covering

Some
Yes

Accessibility Option

None
Yes

Technology

Cable TV
Yes

Special Conditions

None
Yes

Security

Window Bars
Yes

Sold Info

Seller Concessions
0

Landscape - Front

Low Care
Yes

Landscape - Rear

Low Care
Yes

Patio/Deck

Covered
Yes

Pool

None
Yes

Property Disclosures

Lead Based Paint
Yes
Leases
Yes
Military Airport Vct
Yes
Seller Prop Disclosure
Yes

Spa

None
Yes

Exterior Feature

Shed(s)
Yes
IDX
Listing Office: Long Realty Company
Last Updated: June - 05 - 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.

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