120 E 34th Street, Tucson, AZ 85713 (MLS# 22617813)

120 E 34th Street, Tucson, AZ 85713

New Listing
$550,000
Property Type: Commercial Square Footage: 1,512 Lot Size (sq. ft.): 6,581 Status: Active
Current Price: $550,000 List Date: 7/20/2026 Last Modified: 7/20/2026

Overview

Description

6-unit studio apartment building on 0/15 AC in South Tucson, zoned SR-2 for upto 24 units. Individually metered electric/water, 100% occupied at in-place rents averaging $705/unit - below the $780 submarket average, with built-in upside. Adjacent fenced vacant lot included, generating $500/mo seperately. $56,760 GSI, ~8.6% cap rate at $4500,000 ask ($83,333/unit). Value-add refresh opportunit. Privat lenderr financing available.

Listing Details MLS# 22617813

Address Information

Street #
120
Direction
E
Street Name
34th
Suffix
Street
State/Province
AZ
Zip Code
85713
County
Pima
Country
USA

Location, Tax & Legal

Tax Code
118252640
Area
South
Tax Year
2025
Taxes
1269
Legal Description
Home No 2 W45.5' of Lot 5 Blk 18
Municipality/Zoning
South Tucson - SR2
Fire Protection
Included in Taxes
FEMA Flood Zone
No
Municipal Flood Zone
No

General Property Information

Property Sub-Type
Apartment
Construction Status
Existing
Year Built
1948
Lot Dimensions
45.5 x 147.5
Lot Acres
0.15
Lot Sqft
6581
Lot Size Source
Appraiser
Combined SqFt
1512
Source of SqFt
Assessor
List Price/SqFt
363.76
Lot Size Price/SqFt
83.57

Property Features

Construction: Brick Roof: Built-Up Gas: None Sewer: Connected Water: Public Accessibility Option: None Parking: Paved Parking Terms: Cash Special Conditions: None

Contract Information

Short Sale
No

More Information

Showing Information

Directions
Head NE of I-10 towards South Tucson, apartment located on 34th St between S. 5th and S 4th,

Income

Gross Scheduled Rent
4230

Analysis

Cap Rate %
8.6

Electric

Electric Company
TEP

Terms

Other
Private financing
Cash
Yes

Gas

None
Yes

Construction

Brick
Yes

Sewer

Connected
Yes

Roof

Built-Up
Yes

Water

Public
Yes

Accessibility Option

None
Yes

Special Conditions

None
Yes

Parking

Paved Parking
Yes
IDX
Listing Office: Real Broker
Last Updated: July - 20 - 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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