1810 East Miles Street, Tucson, AZ 85719 For Sale

Here's the full Crexi marketing description:

Turnkey Student Rental Opportunity | University of Arizona Submarket | Tucson, AZ 85719

1808 & 1810 E Miles St presents a compelling duplex investment in one of Tucson's most reliable rental corridors — the University of Arizona submarket. With 47,000+ enrolled students and 15,000 faculty and staff generating year-round housing demand, properties in this pocket rarely sit vacant and historically outperform the broader Tucson rental market on occupancy and rent growth.

The Property

This side-by-side duplex offers two well-proportioned 2-bedroom, 1-bathroom units at 800 square feet each — a layout proven to attract the U of A's largest renter demographic: roommate pairs, graduate students, medical residents, and young professionals affiliated with the University of Arizona Medical Center. Both units are delivered vacant, giving an incoming investor full control over tenant selection, lease terms, and rent pricing from day one.

One unit has been updated and is ready to lease immediately at current market rates. The second unit presents a straightforward value-add opportunity — a targeted cosmetic renovation can bring it in line with the updated unit and unlock rents at the top of the submarket range. Comparable renovated 2-bedroom units within walking distance of campus are currently leasing at $1,500–$1,850 per month, providing a clear and achievable upside path.

The Market

The University of Arizona is Tucson's single largest economic engine, with a $3B+ annual economic impact and consistent enrollment growth. The surrounding 85719 zip code benefits from a captive renter base that renews annually — students arriving each August create a predictable lease-up cycle that insulates the submarket from the demand volatility seen elsewhere in Tucson. Add the UA Medical Center, Banner–University Medical Center, and a growing biotech and research corridor, and the tenant pool extends well beyond undergraduates into higher-income medical professionals and graduate students willing to pay a premium for walkable, well-maintained housing close to campus.

The Investment Case

At $410,000 — $205,000 per unit — this property is priced at a realistic entry point for the submarket. At conservative rents of $1,450 per unit, the property targets a 5%+ cap rate with a GRM of approximately 140x. Execute the value-add on the second unit and push both rents toward $1,600–$1,700, and the returns improve materially without any structural renovation required. A detailed pro forma is available upon request and models three scenarios — conservative, target, and strong — across all key metrics including NOI, cap rate, cash-on-cash return, DSCR, and monthly cash flow.

For an investor seeking a low-management, high-demand rental asset with a built-in value-add component in one of Arizona's most stable university submarkets, 1808 & 1810 E Miles St delivers a straightforward path to immediate income and long-term appreciation.

Pro forma, rent comps, and showing available upon request.