21 W Lalo Way, Tucson, AZ 85701

$1,395,000
Property Type: Multi-Family Square Footage: 2,346 Lot Size (sq. ft.): 1,000 Status: Active
Current Price: $1,395,000 List Date: 10/22/2025 Last Modified: 3/06/2026

Overview

Description

BUILDER INCENTIVE RATE %4.99%!!! Welcome to the epitome of upscale urban living in Tucson's vibrant Five Points neighborhood, where modern sophistication meets historic charm. A Rare Investment Opportunity in Tucson's Iconic Five Points District. This exclusive 4-plex represents an exceptional opportunity for investors seeking high-demand multi-family property in one of Tucson's most dynamic and walkable urban hubs! This modern desert 4-plex features four premium residences two spacious studios and two elegant 2-bedroom units. Live in one or rent all and maximize returns! (SEE ATTACHED DOCUMENT FOR RENTAL INCOME BREAKDOWN). Each thoughtfully designed to maximize natural light, functionality, and long-term appeal. Constructed with smooth white stucco and authentic adobe brick accent walls,

Supplements: these homes blend timeless character with a clean, modern aesthetic. Designed by HA|RU Architects in collaboration with Durazo Construction, every detail honors the ethos of Southern Arizona architecture combining craftsmanship, energy efficiency, and contemporary comfort. Custom Davis Kitchen cabinetry, open-concept layouts, and quality finishes c ...

Listing Details MLS# 22527438

Address Information

Street #
21
Direction
W
Street Name
Lalo
Suffix
Way
State/Province
AZ
Zip Code
85701
County
Pima
Country
USA

Location, Tax & Legal

Tax Code
117-07-3620
Area
Central
Subdivision
N/A
Comparable Only Listing
No
Tax Year
2024
Taxes
1024.49
Taxes For
Only for Land
Legal Description
18 West 18th Street Sq20211440619 Lot 17
Township
14
Community
None
Range
13
Section
13
Municipality/Zoning
Tucson - C3
Fire Protection
Included in Taxes
FEMA Flood Zone
No
Municipal Flood Zone
No

General Property Information

Dwelling Type
Quadruplex
Attached/Detached
Attached
Construction Status
New Construction
Lot Dimensions
irregular
Lot Acres
0.03
Lot Sqft
1394
Lot Size Source
Assessor
Combined SqFt
2346
Year Built
2025
School District
TUSD
Elementary School
Carrillo
Middle School
Safford K-8 Magnet
High School
Tucson
Horse Property
No
Horse Facilities
No
List Price/SqFt
594.63
Lot Size Price/SqFt
1000.72
Total Parking
0

Property Features

Construction: Frame - Stucco; Masonry Stucco; Stucco Finish Style: Contemporary Roof: Built-Up - Reflect Living Areas: Living Room Dining Areas: Dining in LR/GR Dining Room: Area Breakfast: Eat-In Kitchen Features: Electric Range; Dishwasher; Refrigerator Bathroom Features: Dual Sinks/Primary Laundry: Laundry Closet Extra Room: None Interior Features: Built-in Features; Entrance Foyer; Smoke Detector Floor Covering: Ceramic Tile; Concrete Window Covering: None Window Features: Double Pane Windows Technology: Cable TV; High Speed Internet Main Cooling: Central Air Main Heating: Heat Pump Water Heater: Electric Gas: None Sewer: Connected Water: Public Accessibility Option: None Security: None Pool: None Spa: None Fence: Wood Landscape - Front: Decorative Gravel; Desert Plantings; Low Care Landscape - Rear: Decorative Gravel; Low Care View: Residential Road Type: Paved Driveway: None Exterior Feature: None Lot Features: Borders Common Area; North/South Exposure; Subdivided Neighborhood Features: Paved Street; Sidewalks; Street Lights Assoc Amenities: None Terms: Cash; Conventional; VA Loan Submit With Offer: Lender Pre-Approval; Loan Pre-Qualifiaction; Proof of Funds Property Disclosures: Public Report; Site Plan; CC&Rs Special Conditions: None

Contract Information

Method of Title
Fee (Simple)
Distressed Info
None

More Information

Showing Information

Directions
Stone/18th-West to address.

Unit Info

# of Units/Studios
2
# of Units/2 BR
2

Unit 1 Information

Monthly Rent
1750
# Beds
Yes
# Full Baths
Yes
SqFt
391
Occupancy
No
Stories
Single
Floor
1st
Furnished
No
Parking
On Street

Unit 2 Information

Monthly Rent
1750
# Beds
Yes
# Full Baths
Yes
SqFt
391
Occupancy
No
Stories
Single
Floor
1st
Furnished
No
Parking
On Street

Unit 3 Information

Monthly Rent
2750
# Beds
2
# Full Baths
Yes
SqFt
782
Occupancy
No
Stories
Single
Floor
2nd
Furnished
No
Parking
On Street

Unit 4 Information

Monthly Rent
2750
# Beds
2
# Full Baths
Yes
SqFt
782
Occupancy
No
Stories
Single
Floor
3rd
Furnished
No
Parking
On Street

Analysis

Cap Rate %
6.87
Gross Rent Multi
13.89
Exp/SqFt
2.13
Exp % of Gross
4.62
Vacancy Rate %
0

Income

Gross Scheduled Rent
108000
Adjusted Gross
108000
Total Expenses
4986.49
Net Opp Income
103013.51
Vacancy Loss
0
Other Income
0

Expenses

Admin Expenses
1000
Insurance
1962
Maintenance Supplies
1000
Taxes/Assessments
1024.49
Figures Presented
Proforma
Capital Expenses
0
Contract Services
0
Gas/Electric
0
Management
0
Resident Manager
0
Water/Sewer
0
Other Expenses
0

Style

Other
Desert Contemporary
Contemporary
Yes

Kitchen Features

Appliance Color
Stainless
Oven
Yes
Electric Range
Yes
Dishwasher
Yes
Refrigerator
Yes

Floor Covering

Other
LVP
Ceramic Tile
Yes
Concrete
Yes

Electric

Electric Company
TEP

Utilities Paid

Cable TV
Tenant
Electric
Tenant
Gas
Owner
Insurance
Owner
Sewer
Tenant
Taxes
Owner
Trash
Tenant
Water
Tenant

RV Parking

Other
None

Subdivision Restrict

Age Restrictions
No
Deed Restrictions
Yes
CC&Rs
Yes

Submit With Offer

Digital Signatures
Yes
Seller Title Company
Premier Title/CSTA
Lender Pre-Approval
Yes
Loan Pre-Qualifiaction
Yes
Proof of Funds
Yes

Home Protection

Offered
No

Gas

None
Yes

Construction

Frame - Stucco
Yes
Masonry Stucco
Yes
Stucco Finish
Yes

Sewer

Connected
Yes

Roof

Built-Up - Reflect
Yes

Water

Public
Yes

Living Areas

Living Room
Yes

Dining Areas

Dining in LR/GR
Yes

Fence

Wood
Yes

Dining Room

Area
Yes

View

Residential
Yes

Breakfast

Eat-In
Yes

Road Type

Paved
Yes

Road Maintenance

City
Yes

Lot Features

Borders Common Area
Yes
North/South Exposure
Yes
Subdivided
Yes

Main Cooling

Central Air
Yes

Laundry

Laundry Closet
Yes

Neighborhood Features

Paved Street
Yes
Sidewalks
Yes
Street Lights
Yes

Main Heating

Heat Pump
Yes

Extra Room

None
Yes

Water Heater

Electric
Yes

Association & Fees

HOA Amt (Monthly)
30
HOA
Yes

Interior Features

Built-in Features
Yes
Entrance Foyer
Yes
Smoke Detector
Yes

Bathroom Features

Dual Sinks/Primary
Yes

Terms

Cash
Yes
Conventional
Yes
VA Loan
Yes

Window Covering

None
Yes

Accessibility Option

None
Yes

Window Features

Double Pane Windows
Yes

Technology

Cable TV
Yes
High Speed Internet
Yes

Security

None
Yes

Landscape - Front

Decorative Gravel
Yes
Desert Plantings
Yes
Low Care
Yes

Landscape - Rear

Decorative Gravel
Yes
Low Care
Yes

Patio/Deck

Balcony
Yes
Covered
Yes
Deck
Yes

Pool

None
Yes

Property Disclosures

Public Report
Yes
Site Plan
Yes
CC&Rs
Yes

Spa

None
Yes

Special Conditions

None
Yes

Driveway

None
Yes

Exterior Feature

None
Yes

Assoc Amenities

None
Yes

Documents

Listing Office: Long Realty
IDX
Last Updated: March - 06 - 2026
Broker Attribution: 5204903758
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 2020 MLS of Southern Arizona. All Rights Reserved.
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