21 W Lalo Way, Tucson, AZ 85701

$1,250,000
Property Type: Multi-Family Square Footage: 2,346 Lot Size (sq. ft.): 1,394 Status: Active
Current Price: $1,250,000 List Date: 10/22/2025 Last Modified: 8/25/2026

Overview

Description

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

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
532.82
Lot Size Price/SqFt
896.7

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 %
7.38
Gross Rent Multi
12.92
Exp/SqFt
2.13
Exp % of Gross
4.62

Income

Gross Scheduled Rent
108000
Adjusted Gross
108000
Total Expenses
4986.49
Net Opp Income
103013.51

Expenses

Admin Expenses
1000
Insurance
1962
Maintenance Supplies
1000
Taxes/Assessments
1024.49
Figures Presented
Proforma

Style

Other
Desert Contemporary

Kitchen Features

Appliance Color
Stainless
Oven
Yes

Floor Covering

Other
LVP

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

Home Protection

Offered
No
IDX
Listing Office: Long Realty
Last Updated: August - 25 - 2026
Broker Attribution: 5204903758

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