Skip To Content

1043 N 1st Avenue

Tucson, AZ 85719
  • $799,000
  • STATUS: Active Under Contract
  • ID#: 22515635
Under Contract
UPDATED: 25 min ago
$799,000
  • 4
    BEDS
  • 0.25
    ACRES
  • 3
    BATHS
  • 0
    1/2 BATHS
  • 2,005
    SQFT
  • $399
    $/SQFT
Neighborhood:
N/A
Type:
Multi-Family
Built:
1920
County:
Area:

School Information

Elementary School:
Middle School:
High School:
School District:
Courtesy of Tierra Antigua Realty.

Description

Turnkey Investment Opportunity - Income-Generating Duplex Property in Prime University of Arizona Location!Rare opportunity to acquire a fully updated, income-producing property in the highly desirable University of Arizona Historic District. Situated on an expansive 1/4-acre+ lot, this dual-residence setup includes a three-bedroom, two-bath main house and a detached one-bedroom, one-bath casita--ideal for long- or short-term rental income. The main home combines classic Craftsman charm with modern updates, featuring original hardwood and tile flooring, a brick fireplace, crown molding, and updated bathrooms with bidet toilets and walk-in showers. The kitchen is tenant-ready with oak cabinetry, granite countertops, stainless steel appliances, and an eat-in dining area.A finished basement provides laundry, mechanicals, and generous storagegreat for owner-use or tenant convenience. The detached casita has a private gated entrance, full kitchen, dining area, spacious living room, and built-in storageperfect for use as a guest rental, student housing, or additional income stream. Exterior highlights include gated entries, four-car parking, low-maintenance landscaping, flagstone walkways, a built-in BBQ, fire pit area under a pergola, and a lagoon-style pool with spa and waterfalloffering strong appeal for vacation renters or premium tenants. Smart home features like updated thermostats and keyless locks enhance operational efficiency. Located minutes from campus and downtown, this high-demand rental area supports strong occupancy and income potential. Whether you're seeking a live-in investment, a fully rented duplex, or a flexible short-term rental opportunity, this property is positioned to deliver solid returns in a thriving rental market.

Monthly Payment Calculator



MLS of Southern Arizona (Tucson Association of Realtors) logo Listing information Copyright 2025 MLS of Southern Arizona. All Rights Reserved. Data last updated: 2025-06-18T11:07:05.147.
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 Engel & Völkers Tucson are identified with the MLSSAZ IDX Logo. All Information Is Deemed Reliable But Is Not Guaranteed Accurate.
www.tucsonselecthomes.com/homes/164736893
Print Image

1043 N 1st Avenue Tucson, AZ 85719

  • Price: $799,000
  • Status: Active Under Contract
  • On Site: Days
  • Updated: 25 min ago
  • ID#: 22515635
4
Beds
3
Baths
0
½ Baths
0.25
Acres
2,005
SQFT
$399
$/SQFT
1920
Built
Neighborhood:
N/A
County:
Pima
Area:
Central
Elementary School:
Roskruge
Middle School:
Mansfeld
High School:
Tucson
School District:
TUSD
Property Description
Turnkey Investment Opportunity - Income-Generating Duplex Property in Prime University of Arizona Location!Rare opportunity to acquire a fully updated, income-producing property in the highly desirable University of Arizona Historic District. Situated on an expansive 1/4-acre+ lot, this dual-residence setup includes a three-bedroom, two-bath main house and a detached one-bedroom, one-bath casita--ideal for long- or short-term rental income. The main home combines classic Craftsman charm with modern updates, featuring original hardwood and tile flooring, a brick fireplace, crown molding, and updated bathrooms with bidet toilets and walk-in showers. The kitchen is tenant-ready with oak cabinetry, granite countertops, stainless steel appliances, and an eat-in dining area.A finished basement provides laundry, mechanicals, and generous storagegreat for owner-use or tenant convenience. The detached casita has a private gated entrance, full kitchen, dining area, spacious living room, and built-in storageperfect for use as a guest rental, student housing, or additional income stream. Exterior highlights include gated entries, four-car parking, low-maintenance landscaping, flagstone walkways, a built-in BBQ, fire pit area under a pergola, and a lagoon-style pool with spa and waterfalloffering strong appeal for vacation renters or premium tenants. Smart home features like updated thermostats and keyless locks enhance operational efficiency. Located minutes from campus and downtown, this high-demand rental area supports strong occupancy and income potential. Whether you're seeking a live-in investment, a fully rented duplex, or a flexible short-term rental opportunity, this property is positioned to deliver solid returns in a thriving rental market.
Exterior Features

Construction Masonry Stucco Driveway Paved Concrete Exterior Feature BBQ-Built-InWaterfall/Pond Fence Stucco FinishWrought Iron Landscape Front Low CareShrubsSprinkler/DripTrees Landscape Rear Low CareShrubsSprinkler/DripTrees Patio Deck CoveredGazeboPatio Pool Community Road Type Gravel Roof Shingle Spa Community Unit1 Information Parking On Property Unit2 Information Parking On Property View Residential

Interior Features

Bathroom Features BidetShower & Tub/HallShower Only/Primary Breakfast Bar Dining Areas Breakfast Bar Dining Room Area Extra Room None Floor Covering Ceramic TileWood Interior Features Ceiling Fan(s)Exposed BeamsFurnishedSmoke DetectorSplit Bedroom Plan Interior Features Interior Steps No Kitchen Features Breakfast BarDeskDishwasherGarbage DisposalGas RangeIslandPrep SinkWater Purifier Kitchen Features Countertops Granite Kitchen Features Pantry Cabinet Laundry Dryer IncludedLaundry RoomStorageWasher Included Living Areas Family Room Main Cooling Ceiling Fan(s)Central Air Main Heating Forced AirNatural Gas Technology Alarm SystemHigh Speed InternetTelephone Unit1 Information Furnished Turnkey Unit1 Information Number Half Baths 0 Unit1 Information Sqft 1365 Unit2 Information Furnished Turnkey Unit2 Information Number Half Baths 0 Unit2 Information Sqft 640 Water Heater Natural Gas

Property Features

Accessibility Option None Analysis Cap Rate Percent 5.76 Analysis Exp Percent Of Gross 19.25 Analysis Exp Sqft 5.47 Analysis Gross Rent Multi 14.02 Analysis Vacancy Rate Percent 0.00 Association And Fees Hoa No Attached Detached Detached Community None Contingent Active Contingent Country USA Distressed Info None Dwelling Type 2 Plex Electric Electric Company TEP Expenses Admin Expenses 0.00 Expenses Capital Expenses 0.00 Expenses Contract Services 0.00 Expenses Figures Presented Actual Expenses Gas Electric 4082.00 Expenses Insurance 1661.00 Expenses Maintenance Supplies 1800.00 Expenses Management 0.00 Expenses Other Expenses 0.00 Expenses Resident Manager 0.00 Expenses Taxes Assessments 3431.00 Expenses Water Sewer 0.00 Fema Flood Zone No Fire Protection Included in Taxes Gas Natural Horse Facilities No Horse Property No Income Adjusted Gross 57000.00 Income Gross Scheduled Rent 57000.00 Income Net Opp Income 46026.00 Income Other Income 0.00 Income Total Expenses 10974.00 Income Vacancy Loss 0.00 Lot Dimensions Irregular Lot Features Adjacent to AlleyEast/West Exposure Lot Size Source Assessor Lot Sqft 10716.00 Municipal Flood Zone No Municipality Zoning Tucson - HR2 Neighborhood Features Sidewalks Property Disclosures Insurance Claims History ReportLead Based PaintSeller Prop Disclosure Road Maintenance City Section 12 Security Alarm InstalledCameras Sewer Connected Special Conditions None Subdivision Restrict Age Restrictions No Subdivision Restrict Cc Andrs No Subdivision Restrict Deed Restrictions Yes Tax Year 2024 Taxes 4679.07 Taxes For Dwelling & Land Terms CashConventional Total Parking 3 Township 14 Unit1 Information Floor 1st Unit1 Information Monthly Rent 3100 Unit1 Information Stories Single Unit2 Information Floor 1st Unit2 Information Monthly Rent 1650 Unit2 Information Stories Single Utilities Paid Cable Tv Tenant Utilities Paid Electric Tenant Utilities Paid Gas Tenant Utilities Paid Insurance Tenant Utilities Paid Landscaping Tenant Utilities Paid Pool Spa Maintenance Tenant Utilities Paid Sewer Tenant Utilities Paid Taxes Tenant Utilities Paid Trash Owner Utilities Paid Water Tenant Water City Water

Listing provided by Tierra Antigua Realty: (520) 318-5290. Listing information © 2025 MLS of Southern Arizona.


MLS of Southern Arizona (Tucson Association of Realtors) logo Listing information Copyright 2025 MLS of Southern Arizona. All Rights Reserved. Data last updated: 2025-06-18T11:07:05.147.
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 Engel & Völkers Tucson are identified with the MLSSAZ IDX Logo. All Information Is Deemed Reliable But Is Not Guaranteed Accurate.
 
https://bt-photos.global.ssl.fastly.net/tucson/1280_boomver_1_22515635-2.jpg https://bt-photos.global.ssl.fastly.net/tucson/1280_boomver_1_22515635-2.jpg https://bt-photos.global.ssl.fastly.net/tucson/1280_boomver_1_22515635-2.jpg
Logo
Engel & Völkers Tucson
2905 E Skyline Drive
Tuscon AZ, 85718
Courtesy of Tierra Antigua Realty.