Tucson Multifamily Stats

4 Replies

Hey Folks, just wanted to share the statistics for the Tucson multifamily sector.

-Average Price Per Door: $78,943

-Median Price Per Door $53,333

-Average Cap upon sale: 6.7%

-Median Cap upon sale: 6.6%

-Average Rents: 1Bed = $575, 2Bed = $695, 3bed = $900

Just as a caveat to this information please do not use this to analyze if you are looking at a good deal or not. Just like any market variances in product type and location play a major factor that is not accounted for in a city-wide median or average. Tracking these trends over time can however indicate the direction of the market.

@Tylor Billings

Do you also come out to Coolidge? We just closed on 2 SFH in Coolidge and would love some multi- in the area. Also looking to branch out to Tucson, San Tan, Queen Creek if the areas are right for growth.

Hi Tylor,

Thanks for the info!  Very helpful.  Among other things I own multi family and student housing near U of A.  I'll be running in the Tucson Marathon this year.