215 S 5th Avenue, Tucson, AZ 85701 (MLS# 22617389)

215 S 5th Avenue, Tucson, AZ 85701

$784,900
Property Type: Multi-Family Square Footage: 2,838 Lot Size (sq. ft.): 7,144 Status: Active
Current Price: $784,900 List Date: 7/14/2026 Last Modified: 9/04/2026

Overview

Description

Range listing. Discover an exceptional investment opportunity in the heart of Downtown Tucson! This rare triplex offers three units for the price of one and features highly desirable split zoning, allowing for both residential and commercial use. Whether you're envisioning long-term rentals, Airbnb accommodations, professional offices, retail, or a live/work concept, the possibilities are endless. Surrounded by the energy, charm, and vibrant lifestyle of Downtown Tucson, this unique property is perfectly positioned to capitalize on the area's continued growth. A versatile investment with unlimited potential in one of Tucson's most sought-after locations!

Listing Details MLS# 22617389

Address Information

Street #
215
Direction
S
Street Name
5th
Suffix
Avenue
State/Province
AZ
Zip Code
85701
County
Pima
Country
USA

Location, Tax & Legal

Tax Code
117-06-248A
Area
Central
Subdivision
Tucson

General Property Information

Dwelling Type
Triplex
Attached/Detached
Detached
Construction Status
Existing
Lot Dimensions
60'118'60'121
Lot Acres
0.16
Lot Sqft
7144
Lot Size Source
Assessor
Combined SqFt
2838
Year Built
1937
Total Parking
2
School District
TUSD
Elementary School
Safford K-8 Magnet
Middle School
Safford K-8 Magnet
High School
Tucson
Horse Property
No
Horse Facilities
No
List Price/SqFt
276.57
Lot Size Price/SqFt
109.87

Property Features

Construction: Masonry Stucco Style: Bungalow Roof: Shingle Living Areas: Living Room Dining Areas: Formal Dining Room Breakfast: Eat-In Kitchen Features: Gas Range Bathroom Features: Pedestal Sink(s) Laundry: Outside Interior Features: Entrance Foyer Floor Covering: Concrete; Wood Window Covering: Some Technology: Cable TV Main Cooling: Central Air Main Heating: Gas Pac Water Heater: Natural Gas Gas: Natural Sewer: Connected Water: Public Accessibility Option: None Security: None Pool: None Spa: Community Fence: Wrought Iron Landscape - Front: Low Care; Trees Landscape - Rear: Low Care; Trees View: Residential; Mountain(s) Road Type: Paved Driveway: None Exterior Feature: None Lot Features: Subdivided Neighborhood Features: Historic Terms: Cash; Conventional; FHA Loan; VA Loan Submit With Offer: Lender Pre-Approval; Proof of Funds Property Disclosures: Seller Prop Disclosure Special Conditions: Owner/Agent

Contract Information

Method of Title
Fee (Simple)
Distressed Info
None

More Information

Showing Information

Directions
From the major intersection of Broadway Blvd & 6th Ave in Downtown Tucson: Head east on Broadway Blvd approximately 0.2 miles to 5th Avenue. Turn right (south) onto S 5th Avenue and continue approx

Unit Info

# of Units/Studios
Yes
# of Units/1 BR
Yes
# of Units/2 BR
Yes

Unit 1 Information

Monthly Rent
2350
# Beds
2
# Full Baths
Yes
SqFt
1546
Occupancy
Yes
Stories
Multi
Floor
1st
Furnished
No
Parking
On Street

Unit 2 Information

Monthly Rent
1650
# Beds
Yes
# Full Baths
Yes
SqFt
397
Occupancy
Yes
Stories
Single
Floor
1st
Furnished
No
Parking
On Property

Unit 3 Information

Monthly Rent
1350
# Full Baths
Yes
SqFt
269
Stories
Single

Analysis

Cap Rate %
0.59
Gross Rent Multi
168.4

Income

Gross Scheduled Rent
4750
Adjusted Gross
4750
Net Opp Income
4750

Expenses

Figures Presented
Proforma

Dining Room

Other
Flex Room

Extra Room

Other
Den/Office

Floor Covering

Other
Flagstone

Main Cooling

Other
mini split

Electric

Electric Company
TEP

Utilities Paid

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

RV Parking

Other
none

Subdivision Restrict

Age Restrictions
No
Deed Restrictions
Yes
CC&Rs
Yes

Home Protection

Offered
No
IDX
Listing Office: Real Broker
Last Updated: September - 04 - 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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