South Real Estate

South Real Estate

Welcome to Tucson, Arizona – a vibrant city nestled in the heart of Pima County, where the stunning Sonoran Desert meets a rich tapestry of culture, history, and natural beauty. Tucson is not just a city; it’s a lifestyle brimming with charm and warmth, making it an ideal place to call home.

Known for its breathtaking landscapes, Tucson is surrounded by five mountain ranges, offering residents ample opportunities for outdoor adventures. Whether you're hiking the scenic trails of Saguaro National Park or enjoying a leisurely bike ride through the many picturesque paths, the region’s natural beauty is truly unparalleled. The warm, sunny climate allows for year-round exploration, making it a haven for nature enthusiasts.

Tucson is also a cultural melting pot, renowned for its unique blend of Native American, Mexican, and Western influences. The city boasts an array of art galleries, museums, and theaters, including the esteemed Tucson Museum of Art and the historic Fox Theatre. Food lovers will delight in the culinary scene, where you can savor everything from traditional Sonoran cuisine to innovative farm-to-table dining experiences.

Education and innovation thrive in Tucson, home to the University of Arizona, a leading institution known for its research and academic programs. Families will appreciate the quality schools and community programs that foster growth and development.

With its friendly atmosphere, rich heritage, and endless recreational opportunities, Tucson is not just a place to live; it’s a community to thrive in. Discover the magic of the South and make Tucson your next home!

Newest Listings in South

$900,000
This Class C value-add multifamily property is located in South Tucson / Ward 5, immediately south of downtown Tucson near the I-10/I-19 interchange. The property consists of approximately 16 units in a 1-story, stucco/block construction built in 1947 on 1.09 acres of C-2 zoned land. The asset represents a well-positioned investment opportunity in an active trade corridor with solid in-place cash flow and clear value-add potential through utility expense reduction. FY2025 operations produced $140,051 in total income against $75,328 in operating expenses, generating $64,723 of net operating income with a 46.2% NOI margin. The property currently operates as an all-bills-paid community with owner-paid utilities totaling $33,846 annually (approximately 24% of gross income), presenting a straightforward opportunity for NOI growth through RUBS conversion or utility bill-back programs. The subject property sits within a small, active corridor of 1940s-vintage Class C apartment trades along Benson Highway that have produced cap rates of 7.16%-9.10%, confirming investor demand for this product type. The location benefits from proximity to Banner-University Medical Center South and the Tucson VA Medical Center, both consistent generators of workforce rental demand. At an estimated $54,000-$58,000 per unit, the asset trades well below Tucson's average $133,503 per-unit multifamily pricing and far below new-construction replacement cost.

1435 E Benson Hwy, Tucson

Listing courtesy of Marc E Luety II from Real Broker.

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