South Real Estate

South Real Estate

Welcome to the enchanting city of Tucson, Arizona, nestled in the heart of Pima County and surrounded by the stunning Sonoran Desert. Tucson is a vibrant blend of rich cultural heritage, outdoor adventure, and modern amenities, making it an ideal destination for those seeking a unique lifestyle in the American Southwest.

With a history that dates back over 4,000 years, Tucson is a city where traditions thrive alongside contemporary living. The influence of Native American, Spanish, and Mexican cultures is evident in the architecture, cuisine, and annual festivals that celebrate this diverse heritage. Explore the historic downtown area, where charming adobe buildings house eclectic shops, art galleries, and delightful eateries serving up mouthwatering Sonoran-style cuisine.

Nature enthusiasts will find Tucson a paradise, with its breathtaking landscapes and year-round sunshine. The surrounding mountains, including the iconic Santa Catalina and Rincon ranges, offer endless opportunities for hiking, biking, and rock climbing. For those who prefer a more leisurely pace, the stunning Saguaro National Park is just a short drive away, showcasing the majestic saguaro cacti that define the region.

Tucson is also home to a thriving arts scene, with numerous galleries, theaters, and music venues that cater to all tastes. The city hosts a variety of events throughout the year, including the renowned Tucson Gem and Mineral Show, drawing visitors from around the globe.

Whether you’re looking to settle down in a cozy neighborhood, enjoy a vibrant social life, or embrace the great outdoors, Tucson offers a warm and welcoming atmosphere that truly feels like home. Come discover the charm and beauty of this remarkable city in the heart of the South!

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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