243 E University Boulevard, Tucson, AZ 85705
$1,092,000
Property Type:
Multi-Family
Square Footage:
2,613
Lot Size (sq. ft.):
11,858
Status:
Closed
Current Price:
$1,092,000
List Date:
1/09/2026
Last Modified:
4/08/2026
Description
Historic West University 4-Plex + Single-Family Residence on University Blvd,
A rare and versatile opportunity in the heart of Historic West University! Ideally located directly on University Boulevard with effortless access to the Modern Streetcar, 4th Avenue, Downtown, the University of Arizona, award-winning restaurants, and more. The beautifully updated 4-plex features studios with 10-foot ceilings, thoughtfully renovated to honor the home's historic character while offering modern comforts. Each unit includes remodeled bathrooms, updated kitchens, newer mini-split systems, and separately metered gas and electric. The property also benefits from newer roofs.
The grounds are truly special, impeccably maintained with a bocce court, fire pit, mature
Supplements: landscaping, fruit trees, rose gardens, and multiple inviting outdoor spaces. In addition, the property includes a separate 906-square-foot single-family home offering 2 bedrooms and 1 full bathroom. The home features a beautifully remodeled kitchen with stainless steel appliances including dishwasher (Bosch) updated cabinetry, tiled backsplash, and quartz countertops, along with a fully remodeled bathroom. Enjoy a large private backyard, generous storage room, and double carport with electronic gate. Live in the single-family home while renting the 4-plex, or lease all units for strong income potential. (Partially furnished, please ask for list of furnishings that do not convey) An exceptional investment and lifestyle opportunity in one of Tucson's most sought-after historic neighborhoods. Seller is a licensed Realtor in the State of Arizona.
More Information MLS# 22600781
Address Information
Street #: 243
Direction: E
Street Name: University
Suffix: Boulevard
State/Province: AZ
Zip Code: 85705
County: Pima
Country: USA
Location Tax Legal
Tax Code: 117-03-0740
Area: Central
Subdivision: City Of Tucson
Contract Information
Current Price: $1,092,000
Sold Price: $1,092,000
Listing Date: 2026-01-09
Status: Closed
Method of Title: Fee (Simple)
Distressed Info: None
Status Change Info
Off Market Date: 2026-02-13
Pending Date: 2026-03-25
Sold Date: 2026-04-08
Sold Price: $1,092,000
Sold Price/SqFt: 417.91
Lot Sz Sold Prc/SqFt: 92.09
How Sold: Cash
General Property Information
Dwelling Type: Quadruplex
Attached/Detached: Attached
Construction Status: Existing
Lot Dimensions: 183 x 65
Lot Acres: 0.27
Lot Sqft: 11858
Lot Size Source: Assessor
Combined SqFt: 2613
Year Built: 1906
Total Parking: 6
School District: TUSD
Elementary School: Roskruge
Middle School: Mansfeld
High School: Tucson
Horse Property: No
Horse Facilities: No
List Price/SqFt: 457.33
Lot Size Price/SqFt: 100.78
Remarks Misc
Geo Lat: 32.232004
Geo Lon: -110.967592
Showing Information
Directions: Speedway Blvd/Euclid Ave S to University Blvd W to address.
Unit Info
# of Units/Studios: 4
Avg Mo Rent/Studios: 1415
# of Units/2 BR: 1
Avg Mo Rent/2 BR: 2200
Unit 1 Information
Monthly Rent: 1415
# Beds: 1
# Full Baths: 1
SqFt: 435
Occupancy: Yes
Stories: Single
Floor: 1st
Furnished: Partially
Parking: On Street
Unit 2 Information
Monthly Rent: 1415
# Beds: 1
# Full Baths: 1
SqFt: 487
Occupancy: Yes
Stories: Single
Floor: 1st
Furnished: Partially
Parking: On Street
Unit 3 Information
Monthly Rent: 1415
# Beds: 1
# Full Baths: 1
SqFt: 357
Occupancy: Yes
Stories: Single
Floor: 1st
Furnished: Partially
Parking: On Street
Unit 4 Information
Monthly Rent: 1415
# Beds: 1
# Full Baths: 1
SqFt: 427
Occupancy: Yes
Stories: Single
Floor: 1st
Furnished: Partially
Parking: On Street
Analysis
Cap Rate %: 7.75
Gross Rent Multi: 11.63
Exp/SqFt: 3.56
Exp % of Gross: 9.91
Income
Gross Scheduled Rent: 67920
Other Income: 26000
Adjusted Gross: 93920
Total Expenses: 9309
Net Opp Income: 84611
Expenses
Insurance: 3600
Taxes/Assessments: 3605
Water/Sewer: 2104
Figures Presented: Proforma
Kitchen Features
Pantry: Cabinet
Appliance Color: Stainless
Laundry
Other: Stack
Floor Covering
Other: Laminate
Main Cooling
Other: Mini Split
Electric
Electric Company: TEP
Water
Other: City
Utilities Paid
Cable TV: Tenant
Electric: Tenant
Gas: Tenant
Insurance: Owner
Sewer: Owner
Taxes: Owner
Trash: Owner
Water: Owner
Fence
Other: Corrogated
Driveway
Paved: Asphalt
RV Parking
Other: None
Subdivision Restrict
Age Restrictions: No
Deed Restrictions: Yes
CC&Rs: No
Home Protection
Offered: No
Property Features
Construction: Brick
Style: Bungalow
Roof: Shingle
Living Areas: Family Room; Living Room
Dining Areas: Breakfast Nook; Dining in LR/GR
Dining Room: Area
Breakfast: Area; Nook
Kitchen Features: Dishwasher
Bathroom Features: Shower & Tub/Hall; Shower Only/Hall
Laundry: Laundry Closet
Extra Room: Storage
Interior Features: Ceiling Fan(s); Entrance Foyer
Floor Covering: Ceramic Tile; Stone; Wood
Window Covering: Stay
Technology: High Speed Internet
Main Cooling: Ceiling Fan(s); Central Air; Zoned
Main Heating: Forced Air; Heat Pump; Zoned
Water Heater: Natural Gas
Gas: Natural
Sewer: Connected
Accessibility Option: None
Security: Closed Circuit Camera(s)
Green Features: Bath Exhaust Out; Energy Star Appliance
Pool: None
Spa: None
Fence: Block
Landscape - Front: Decorative Gravel; Desert Plantings; Shrubs; Sprinkler/Drip; Trees
Landscape - Rear: Decorative Gravel; Desert Plantings; Shrubs; Trees
View: None
Road Type: Paved
Driveway: To Property Line
Exterior Feature: Courtyard; Shed(s)
Lot Features: Adjacent to Alley; North/South Exposure; Subdivided
Neighborhood Features: Historic; Park; Paved Street; Sidewalks; Street Lights
Assoc Amenities: None
Terms: Cash; Conventional; VA Loan
Submit With Offer: Earnest Check; Loan Status; Proof of Funds
Property Disclosures: Floor Plan; Lead Based Paint; Seller Prop Disclosure; Insurance Claims History Report
Special Conditions: None
Documents
Lead Paint Discl ›Listing Office: Long Realty
Last Updated: April - 08 - 2026
Broker Attribution:
520 909 6592
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.