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

215 S 5th Avenue, Tucson, AZ 85701

New Listing

$869,900

Property Type: Multi-Family Square Footage: 2,838 Lot Size (sq. ft.): 7,144 Status: Active

Current Price: $869,900 List Date: 7/14/2026 Last Modified: 7/14/2026

Overview

Description

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
Comparable Only Listing: No
Tax Year: 2025
Taxes: 2564.73
Taxes For: Dwelling & Land
Legal Description: From Parcel:117062480 /Tucson W110' S11' Lot 3 & W110' N49' Lot 6 & Ptn Alley Lyg E & Adj Blk 100 Historic Property (Pot
Township: 14
Community: None
Range: 13
Section: 13
Municipality/Zoning: Tucson - HO3
Fire Protection: None
FEMA Flood Zone: No
Municipal Flood Zone: No

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: 306.52
Lot Size Price/SqFt: 121.77

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 %: 0.55
Gross Rent Multi: 183.14
Vacancy Rate %: 0

Income

Gross Scheduled Rent: 4750
Adjusted Gross: 4750
Net Opp Income: 4750
Vacancy Loss: 0
Other Income: 0
Total Expenses: 0

Expenses

Figures Presented: Proforma
Admin Expenses: 0
Capital Expenses: 0
Contract Services: 0
Gas/Electric: 0
Insurance: 0
Maintenance Supplies: 0
Management: 0
Resident Manager: 0
Taxes/Assessments: 0
Water/Sewer: 0
Other Expenses: 0

Dining Room

Other: Flex Room

Extra Room

Other: Den/Office

Floor Covering

Other: Flagstone
Concrete: Yes
Wood: Yes

Main Cooling

Other: mini split
Central Air: Yes

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: No
CC&Rs: Yes

Home Protection

Offered: No

Gas

Natural: Yes

Construction

Masonry Stucco: Yes

Style

Bungalow: Yes

Sewer

Connected: Yes

Roof

Shingle: Yes

Water

Public: Yes

Living Areas

Living Room: Yes

Dining Areas

Formal Dining Room: Yes

Fence

Wrought Iron: Yes

View

City: Yes
Mountain(s): Yes
Residential: Yes

Breakfast

Eat-In: Yes

Road Type

Paved: Yes

Kitchen Features

Gas Range: Yes

Road Maintenance

City: Yes

Lot Features

Subdivided: Yes

Laundry

Outside: Yes

Neighborhood Features

Historic: Yes

Main Heating

Gas Pac: Yes

Water Heater

Natural Gas: Yes

Association & Fees

HOA: No

Interior Features

Entrance Foyer: Yes

Bathroom Features

Pedestal Sink(s): Yes

Terms

Cash: Yes
Conventional: Yes
FHA Loan: Yes
VA Loan: Yes

Submit With Offer

Lender Pre-Approval: Yes
Proof of Funds: Yes

Window Covering

Some: Yes

Accessibility Option

None: Yes

Technology

Cable TV: Yes

Special Conditions

Owner/Agent: Yes

Security

None: Yes

Landscape - Front

Low Care: Yes
Trees: Yes

Landscape - Rear

Low Care: Yes
Trees: Yes

Patio/Deck

Covered: Yes
Patio: Yes

Pool

None: Yes

Property Disclosures

Seller Prop Disclosure: Yes

Spa

Community: Yes

Driveway

None: Yes

Exterior Feature

None: Yes

Documents

Listing Office: Real Broker

Last Updated: July - 14 - 2026

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