Listing provided courtesy of Rincon Ventures, Inc.- MLS# 22615965MLS Provider

1120 E Water StreetTucson, AZ 85719

Multi-Family · 1,652 Sq. ft. | 0.17 Acres
$449,000 Active

1120 E Water Street Overview

Time on Site:
3 days
Visits:
0

Charming Updated Duplex at 1120 & 1122 E Water St, Tucson, AZ 85719 - Prime Investment or Owner-Occupied Opportunity! This well-maintained 2-unit duplex, built in 1978 and extensively remodeled, offers approximately 1,652 total square feet on a spacious 7,558 sq ft lot. Perfectly situated just about 1 mile from the University of Arizona, it's ideal for investors seeking strong rental income or buyers looking for a smart owner-occupy setup with supplemental rent from the second unit. Unit Highlights Include: • Fresh, modern interiors with all-new cabinets, appliances, flooring, and finishes throughout. • A/C systems for year-round comfort in the Tucson climate. • Total of 4 bedrooms and 3 bathrooms across both units (typically configured as a 1 bed/1 bath + a 3 bed/2 bath l Located in a desirable central Tucson neighborhood (Mountain First Avenue area), this property benefits from excellent walkability, proximity to schools (Holaway Elementary, Amphitheater Middle & High), shopping, dining, and easy access to major routes. The R-2 zoning supports its multi-family use, and its history shows consistent appeal for both students and long-term residents. Whether you're expanding your rental portfolio or looking for an affordable way to live near campus while earning income, this duplex delivers turn-key potential with strong cash flow and pride-of-ownership updates. Don't miss this rare opportunity in a high-demand location--schedule your showing today!

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1120 E Water Street Facts & Features

  • Type Multi-Family
  • Sq. ft. 1,652
  • Price/Sq.ft. $272
  • Lot 0.17 Acres

Details

General

Association/HOA

  • Association: No

School Information

  • School District: Amphitheater
  • Elementary School: Holaway
  • Middle Or Junior School: Amphitheater
  • High School: Amphitheater

Income/Expenses

  • Gross Income: 33000.0
  • Gross Scheduled Income: 33000.0
  • Net Operating Income: 26604.0
  • New Taxes Expense: 2721.0
  • Operating Expense: 6396.0
  • Water Sewer Expense: 1200.0

Building Information

  • Year Built: 1996

Location/Region

  • Country: US
  • County Or Parish: Pima
  • MLS Area Major: Central
  • MLS Area Minor: Central
  • Subdivision Name: N/A
  • Township: 13

Community/Development

  • Community Features: None

Tax Information

  • Tax Year: 2025

General Information

  • Listing Terms: Cash,Conventional
  • Ownership: Investor
  • Parcel Number: 113-09-311A
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Special Listing Conditions: None
  • Zoning: Tucson - R2

Interior

Beds/Baths

  • Bathrooms Total: 0

Building Interior

  • Building Area Total: 1652.0

General Information

  • Accessibility Features: None
  • Appliances: Electric Range,Dishwasher,Refrigerator
  • Flooring: Carpet,Ceramic Tile
  • Laundry Features: Laundry Room
  • Living Area: 1652.0
  • Security Features: None
  • Spa Features: None
  • Window Features: Double Pane Windows

Exterior

Parking Information

  • Parking Total: 4

Lot Information

  • Lot Features: Decorative Gravel,Adjacent to Alley
  • Lot Size Acres: 0.17
  • Lot Size Area: 0.17
  • Lot Size Dimensions: irr
  • Lot Size Source: Appraiser
  • Lot Size Square Feet: 7579.0
  • Lot Size Units: Acres
  • Road Responsibility: City
  • Road Surface Type: Paved

Waterfront/View

  • View: City

Building Exterior/Construction

  • Architectural Style: Bungalow,Southwestern
  • Construction Materials: Block,Brick,Frame - Stucco
  • Patio And Porch Features: None
  • Roof: Shingle

General Information

  • Exterior Features: None
  • Fencing: Wood
  • Horse: No
  • Number Of Units Total: 2
  • Pool Features: None
  • Sewer: Sewer Connected

1120 E Water Street Neighborhood

Community

85719 (Tucson) Demographics

23
Median Age
5,888
Population Density (per sq. mile)
56%
College Educated
$34,013
Estimated Median Income
5,108
Estimated Total Home Owners
13,011
Estimated Total Renters
28% / 72%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

1120 E Water Street Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

1120 E Water Street Market Data

Based on the last 30 days in this zip code

$430,531
Average List Price
$281
Average Price per Square Foot
27
Properties Sold
73
Average Days on Market
135
Properties for Sale
Calculations provided by Reliance Network

1120 E Water Street History

Date Event Value Agent
6/26/2026Source: MLSSAZ - Tucson Added to Database
June 26, 2026
2/2/2026Source: MLSSAZ - Tucson Added to Database
June 17, 2022