2118 N Ralph Ave

Tucson, AZ 85712

$850,000
Last Sold Price
8
Beds
6,241 Sq. Ft.
$136 / Sq. Ft.
6,241
Sq. Ft.
$136
per Sq. Ft.
Get preapproved with Rocket Mortgage1
Closed 5/9/24
Closed 5/9/24
a car parked in front of a house
a view of the parking area
a front view of a house with parking space
an empty room with wooden floor and windows
an empty room with wooden floor and windows
a kitchen with a stove and a refrigerator
an aerial view of a house

Description

Ralph Townhomes, is the perfect value-add opportunity that allows for long term appreciation and value growth. This property consist of large 2bd/2ba units located in Central Tucson, surrounded by both shopping and entertainment. The asset has clear value-add potential attainable through interior & exterior renovations and rental increases. The attractive seller financing offers additional financial upside and a smoother transaction. These units have been owned by the same family ever since the duplexes...Ralph Townhomes, is the perfect value-add opportunity that allows for long term appreciation and value growth. This property consist of large 2bd/2ba units located in Central Tucson, surrounded by both shopping and entertainment. The asset has clear value-add potential attainable through interior & exterior renovations and rental increases. The attractive seller financing offers additional financial upside and a smoother transaction. These units have been owned by the same family ever since the duplexes were built, so they have immense pride of ownership. The complex consists of 5 well-designed two-bedroom/two-bath apartment units. The large layouts provide opportunity for a diverse tenant mix. The units have had minor upgrades and improvements throughout the years as needed. Investors can benefit from a stable foundation with current long-term tenants and below-market rents, setting the stage for immediate growth. Value-add upside awaits an investor who can bring the conditions up a couple notches through renovations which will bolster rents & NOI. Favorable to investors, all utilities are paid by the tenants as the property is all individually metered. This keeps the tenants responsible for all their usage and keeps expenses lower for the landlord. Attractive amenities await the tenants at the property including covered parking, private fenced backyards, and air-conditioned units. On the inside, tenant's will find dishwashers,
ceiling fans, in-unit washer/dryer hookups, and breakfast nooks. Ideally located within central Tucson, Ralph Townhomes' features a desirable location for those who want to be close to both shopping and employment opportunities. Located near Tucson Medical Center and Costco, the property draws a thriving working-class community. Residents can also benefit from convenient access to growing retail space, providing an array of shopping, dining, and entertainment options. This abundant retail and medical landscape not only enriches the lifestyle of Ralph Townhome residents but also offers employment opportunities in close proximity to the community.
  1. Listed by Jim Storey • Brokerage DRE #CO000192008 • Long Realty
    P: (520)-977-6311 C: (520)-977-6311 j@storeypreneur.com

Property Details for 2118 North Ralph Avenue

Architectural Style
Contemporary
Subdivision Name
Towner Addition
Zoning
Tucson - R2
LISTING CLOSED: 05/09/2024 01:33 PM

Property Details for 2118 North Ralph Avenue

StatusClosed
MLS #22411634
Days on Market1
Taxes-
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income / Quadruplex
Year Built1952
Lot Size0.44 AC / 18,992 SF
CountyPima County
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Location

Listing Courtesy of Long Realty

Sold By Long Realty

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Building Information for 2118 North Ralph Avenue

Stories-Residences4Year Built1952Building Size-Lot Size0.44 AC / 18,992 SF

Payment Calculator

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$4,650 per month

30 year fixed, 6.36% Interest

Principal and Interest

$4,236

Property Taxes

$414

HOA Dues

$0

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Property Information for 2118 North Ralph Avenue

Summary
Location and General Information
  • Directions: From Swan and Grant, head west to Ralph Avenue and head south to address on east side of street.
  • FEMA Flood Zone 2: Yes
  • Fire Protection: Included in Taxes
  • Landscape - Front: Low Care
  • Landscape - Rear: Low Care, Shrubs, Trees
  • Latitude: 32.247535
  • Longitude: -110.897967
  • MLS Area Major: Central
  • MLS Area Minor: Central
  • Municipal Flood Zone: No
  • Senior Community: No
  • Township: 14
Taxes and HOA
  • Comparable Only Listing: Yes
  • Parcel Number: 122-05-0400
  • Tax Legal Description: From Parcel:001010010 /Towner Lot 33
  • Tax Year: 2023
  • Taxes: $4,492
  • Taxes For: Dwelling & Land
School Information
  • Elementary School: Wright
  • High School: Catalina
  • High School District: TUSD
  • Middle Or Junior School: Doolen
Parking
  • Driveway - Paved: Asphalt
  • Parking Total: 11.0
Property
Lot Information
  • CCRs: No
  • Lot Features: North/South Exposure, Subdivided
  • Lot Size Acres: 0.44
  • Lot Size Area: 0.44
  • Lot Size Dimensions: 193x102x193x103
  • Lot Size Price Per Sq Ft: $45
  • Lot Size Source: Assessor
  • Lot Size Square Feet: 18992.0
  • Lot Size Units: Acres
  • Public Survey Range: 14.0
  • Public Survey Section: 3
  • Road Responsibility: City
  • Road Surface Type: Paved
Farm Information
  • Horse Facilities: No
Property and Assessments
  • Age Restrictions 3: No
  • Deed Restrictions 4: Yes
  • Building Area Total: 6241.0
  • Construction Status: Existing
  • Living Area: 6241.0
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Style: Contemporary
  • Year Built: 1952
Building Features
  • Attached Detached: Attached
  • Construction Materials: Frame - Stucco
Utilities
  • Cable TV: Tenant
  • Electric Company: TEP
  • Gas: Natural
  • Sewer: Sewer Connected
  • Technology: Cable TV, High Speed Internet
  • Utilities Paid - Electric: Tenant
  • Utilities Paid - Gas: Tenant
  • Utilities Paid - Insurance: Tenant
  • Utilities Paid - Sewer: Owner
  • Utilities Paid - Taxes: Owner
  • Utilities Paid - Trash: Owner
  • Utilities Paid - Water: Owner
  • Water Source: Public
Interior and Exterior Features
Interior Features
  • Appliances: Electric Range, Dishwasher, Disposal, Refrigerator
  • Bathroom Features: Shower & Tub/Primary, Shower & Tub/Hall
  • Breakfast: Nook
  • Cooling: Central Air, Ceiling Fan(s)
  • Dining Areas: Breakfast Nook
  • Dining Room: Area
  • Flooring: Carpet, Ceramic Tile
  • Has Cooling: Yes
  • Has Heating: Yes
  • Heating: Forced Air, Natural Gas
  • Interior Features: Ceiling Fan(s), Smoke Detector
  • Interior Steps: No
  • Kitchen Features: Electric Range, Dishwasher, Disposal, Refrigerator
  • Kitchen Features - Oven: 1
  • Laundry Features: Laundry Room
  • Living Areas: Family Room, Off Kitchen
  • Water Heater: Electric
  • Window Covering: Stay
Exterior Features
  • Fencing: Chain Link
  • Patio And Porch Features: Enclosed
  • Roof: Shingle
Multi Family
Multi Family Information
  • Number Of Units Total: 4
Income & Expenses
  • Gas Electric Expense: $281
  • Gross Income: $72,237
  • Gross Scheduled Income: $72,000
  • Insurance Expense: $3,337
  • Net Operating Income: $56,663
  • New Taxes Expense: $4,503
  • Operating Expense: $15,574
  • Supplies Expense: $2,321
  • Contract Services: $812
Unit Information
Unit 1
  • Floor: 1st
  • Furnished: No
  • Monthly Rent: 1300
  • Number of Beds: 2
  • Number of Full Baths: 2
  • Occupancy: Yes
  • Parking: On Property
  • Sq Ft: 1312
  • Stories: Single
Unit 2
  • Floor: 1st
  • Furnished: No
  • Monthly Rent: 1250
  • Number of Beds: 2
  • Number of Full Baths: 2
  • Occupancy: Yes
  • Parking: On Property
  • Sq Ft: 1312
  • Stories: Single
Unit 3
  • Floor: 1st
  • Furnished: No
  • Monthly Rent: 1150
  • Number of Beds: 2
  • Number of Full Baths: 2
  • Occupancy: Yes
  • Parking: On Property
  • Sq Ft: 1312
  • Stories: Single
Unit 4
  • Floor: 1st
  • Furnished: No
  • Monthly Rent: 1250
  • Number of Beds: 2
  • Number of Full Baths: 2
  • Occupancy: Yes
  • Parking: On Property
  • Sq Ft: 1312
  • Stories: Single
Rental
Rent Information
  • Expenses % of Gross: 21.56%
  • Expense per Sqft: $3
  • Figures Presented: Actual
  • Gross Rent Multi: $11.77
  • Number of Units2 BR: 4
  • Other Income: $237
Tenant Information
  • Occupant Type: Tenant

Property History for 2118 North Ralph Avenue

DateEvent & SourcePriceAppreciation
May 9, 2024

Sold

MLS of Southern Arizona #22411634

$850,000—
May 9, 2024

Pending

MLS of Southern Arizona #22411634

—
May 9, 2024

Listed (Active)

MLS of Southern Arizona #22411634

$850,000—
DateEvent & SourcePrice
05/09/2024

Sold

MLS of Southern Arizona #22411634

$850,000
05/09/2024

Pending

MLS of Southern Arizona #22411634

—
05/09/2024

Listed (Active)

MLS of Southern Arizona #22411634

$850,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 2118 North Ralph Avenue

Taxable ValueLand$50Additions$60,438Total$60,488
Tax Record2025$4,963 ($414 / month)
Home Facts
Beds0Total Finished SqFt993 SqFtAbove Grade Finished SqFt993 SqFtStories1Lot Size19,000 SqFtStyleSingle Family ResidenceYear Built1952CountyPIMAAPN122-05-0400Fireplace TypeHas Fireplace

Schools near 2118 North Ralph Avenue

This home is within Tucson Unified District.
Rating
School
Type
Grades
Distance
John E Wright Elementary School
Public - PK to 5
Doolen Middle School
Public - 6 to 8
Catalina High Magnet School
Public - 8 to 12
Southwest Alternative High School
Public - 9 to 12
Rating
School
Distance
John E Wright Elementary School
PublicPK to 5

Doolen Middle School
Public6 to 8

Catalina High Magnet School
Public8 to 12

Southwest Alternative High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Long Realty

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 Compass and its related brokerages are identified with the MLSSAZ IDX Logo. All Information Is Deemed Reliable But Is Not Guaranteed Accurate. Listing information Copyright 2026 MLS of Southern Arizona. All Rights Reserved.