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Investment Highlights

  • Turn Key
  • 4 blocks to the University of Arizona
  • 2023 Renovation
  • 5 Blocks to 4th ave and Downtown

Executive Summary

806 E 10th Street is a six-unit multifamily asset located four blocks from the University of Arizona campus, with walkable access to Main Gate Square, 4th Avenue, Downtown Tucson, and the Sun Link streetcar. The property consists of six 2-bedroom, 1-bath units totaling 12 bedrooms, professionally maintained with in-place income at acquisition and rents below market. Unit layouts and location support a tenant base of undergraduate and graduate students, with flexibility for traditional long-term residents.
The University of Arizona generates sustained off-campus housing demand within a defined walk-shed surrounding campus, supporting long-term occupancy and rent fundamentals. Turn-key multifamily assets within four blocks of campus rarely come to market. 806 E 10th Street presents an opportunity to acquire an income-producing asset with near-term rent upside in an established university-adjacent sub market.

Financial Summary (Pro Forma - 2026)

Annual Annual Per SF
Gross Rental Income $109,200 $26.88
Other Income - -
Vacancy Loss - -
Effective Gross Income $109,200 $26.88
Taxes $4,226 $1.04
Operating Expenses $23,074 $5.68
Total Expenses $27,300 $6.72
Net Operating Income $81,900 $20.16

Financial Summary (Pro Forma - 2026)

Gross Rental Income
Annual $109,200
Annual Per SF $26.88
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $109,200
Annual Per SF $26.88
Taxes
Annual $4,226
Annual Per SF $1.04
Operating Expenses
Annual $23,074
Annual Per SF $5.68
Total Expenses
Annual $27,300
Annual Per SF $6.72
Net Operating Income
Annual $81,900
Annual Per SF $20.16

Property Facts

Price $1,600,000
Price Per Unit $266,667
Sale Type Investment
Cap Rate 5.12%
No. Units 6
Property Type Multifamily
Property Subtype
Apartment
  • Multifamily Apartments
Apartment Style Low-Rise
Building Class B
Lot Size 0.21 AC
Building Size 4,062 SF
Average Occupancy 100%
No. Stories 2
Year Built/Renovated 1976/2023
Opportunity Zone Yes
Zoning R3

Amenities

Unit Amenities

  • Air Conditioning
  • Dishwasher
  • Disposal
  • Microwave
  • Washer/Dryer
  • Heating
  • Tile Floors
  • Kitchen
  • High Speed Internet Access
  • Refrigerator
  • Stainless Steel Appliances
  • Views
  • Large Bedrooms

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
2+1 6 $1,550 -
Moderately walkable
60/100
Moderately drivable
70/100
Good public transit
60/100
Exceptionally bikeable
90/100

Property Taxes

Property Taxes

Parcel Number
124-07-1470
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$33,549
Annual Taxes
$4,226 ($1.04/SF)
Tax Year
2026
  • Listing ID: 40685740

  • Date on Market: 5/27/2026

  • Last Updated:

  • Address: 806 E 10th St, Tucson, AZ 85719

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