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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 (CAD) Annual Per SF (CAD)
Gross Rental Income $150,747 $37.11
Other Income - -
Vacancy Loss - -
Effective Gross Income $150,747 $37.11
Taxes $5,834 $1.44
Operating Expenses $31,853 $7.84
Total Expenses $37,687 $9.28
Net Operating Income $113,060 $27.83

Financial Summary (Pro Forma - 2026)

Gross Rental Income (CAD)
Annual $150,747
Annual Per SF $37.11
Other Income (CAD)
Annual -
Annual Per SF -
Vacancy Loss (CAD)
Annual -
Annual Per SF -
Effective Gross Income (CAD)
Annual $150,747
Annual Per SF $37.11
Taxes (CAD)
Annual $5,834
Annual Per SF $1.44
Operating Expenses (CAD)
Annual $31,853
Annual Per SF $7.84
Total Expenses (CAD)
Annual $37,687
Annual Per SF $9.28
Net Operating Income (CAD)
Annual $113,060
Annual Per SF $27.83

Property Facts

Price $2,208,752 CAD
Price Per Unit $368,125 CAD
Sale Type Investment
Cap Rate 5.12%
No. Units 6
Property Type
Multifamily
  • Multifamily Apartments
Apartment Style Mid-Rise
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 $2,140 CAD -
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 CAD
Improvements Assessment
$0 CAD
Total Assessment
$46,313 CAD
Annual Taxes
$5,834 CAD ($1.44 CAD/SF)
Tax Year
2026
  • Listing ID: 40685740

  • Date on Market: 2026-05-27

  • Last Updated:

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

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