Sold
Last Sold Price
8 beds3,748 sqft
440 Paseo Flamenco, Rio Rico, AZ 85648
Multi FamilyProperty Type
0.09 acresLot Size
1988Year Built
$87/sq ftPrice per sq ft
8 carsParking Spaces

Description

If you were looking for a great investment opportunity, look no further. This apartment complex has four units. The first unit is a stand alone home with a garage, the second and third units are a duplex each with a carport, and the forth unit is also a stand alone. The units have established tenants/rents. The property is conveniently located near schools and shopping centers.If you were looking for a great investment opportunity, look no further. This apartment complex has four units. The first unit is a stand alone home with a garage, the second and third units are a duplex each with a carport, and the forth unit is also a stand alone. The units have established tenants/rents. The property is conveniently located near schools and shopping centers.
  • Listed by: Jose De La Luz Ugarte 888.897.7821 az.broker@exprealty.net Brokerage DRE #LC634213003 • eXp Realty
Listing closed: 07/06/2022 12:00 AM • Source: MLS of Southern Arizona, MLS#: 22212562

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Recent comparable sales

Median sold price

$325,000

Avg days on market

97

Sale-to-list ratio

91.2%

Rio Rico, AZ

9 comparable properties found

$275,000 | 530 Andres Court, Rio Rico, AZ 85648
1/14
1

$275,000

Sold 05/29/25

4
Bedrooms
2,031
Square Feet
0.45
Acres
a view of a house with a patio
1/2
2

$850,000

Sold 04/30/26

5
Bedrooms
3,828
Square Feet
0.63
Acres
$660,000 | 1211 Calle Chaparral, Rio Rico, AZ 85648
1/42
3

$660,000

Sold 12/03/24

4
Bedrooms
3,324
Square Feet
1.96
Acres
$420,000 | 333 Valley View Drive, Rio Rico, AZ 85648
1/52
4

$420,000

Sold 03/21/26

4
Bedrooms
4,095
Square Feet
1.06
Acres
a front view of a house with a yard
1/44
5

$235,000

Sold 12/04/25

4
Bedrooms
3,009
Square Feet
0.49
Acres
a view of a terrace with a yard and mountain view
1/44
6

$300,000

Sold 03/23/26

4
Bedrooms
1,811
Square Feet
0.19
Acres
7

$331,000

Sold 02/25/26

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
0.2
Acres
$325,000 | 485 Calle Cipres, Rio Rico, AZ 85648
1/2
8

$325,000

Sold 11/13/24

3
Bedrooms
1,655
Square Feet
0.58
Acres
9

$320,000

Sold 04/06/26

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
0.33
Acres

Location

Listing Courtesy of eXp Realty

Sold By OMNI Homes International

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$2,007 per month

30 year fixed, 6.71% Interest

Principal and Interest

$1,690

Property Taxes

$317

HOA Dues

$0

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Property Information for 440 Paseo Flamenco

Property Details
  • MLS Type: Residential Income / Quadruplex
  • Subdivision Name: Rio Rico Villas
  • View: Residential
  • Zoning: SCC - MF
Building Information
  • Residences: 4
  • Year Built: 1988
  • Lot Size: 0.09 AC / 3,748 SF
Summary
Location and General Information
  • Directions: Take Exit 22 (Peck Canyon) on I-19. Take the frontage Road until you reach N. Paseo Flamenco.
  • FEMA Flood Zone 2: TBD
  • Fire Protection: Included in Taxes
  • Landscape - Front: Decorative Gravel, Desert Plantings, Shrubs
  • Landscape - Rear: Decorative Gravel, Desert Plantings, Shrubs
  • Latitude: 31.487975
  • Longitude: -111.011104
  • MLS Area Major: SCC-Rio Rico West
  • MLS Area Minor: SCC-Rio Rico West
  • Municipal Flood Zone: No
  • Senior Community: No
  • Township: 22
Taxes and HOA
  • Comparable Only Listing: No
  • Parcel Number: 124-02-074
  • Tax Legal Description: SUB RIO RICO VILLAS UNIT NO.13 LOT 74 OF BLK 645
  • Tax Year: 2020
  • Taxes: $2,203
  • Taxes For: Dwelling & Land
School Information
  • Elementary School: Mountain View Elementary
  • High School: Rio Rico High School
  • High School District: Santa Cruz Valley United School District #35
  • Middle Or Junior School: Calabasas Middle School
Parking
  • Driveway - Paved: Asphalt
  • Parking Total: 8.0
Property
Lot Information
  • CCRs: Yes
  • Lot Features: Decorative Gravel, Shrubs, Hillside Lot
  • Lot Size Acres: 0.71
  • Lot Size Area: 0.71
  • Lot Size Dimensions: Irregular
  • Lot Size Price Per Sq Ft: $92
  • Lot Size Source: Assessor
  • Lot Size Square Feet: 3748.0
  • Lot Size Units: Acres
  • Public Survey Range: 13.0
  • Public Survey Section: 28
  • Road Responsibility: County
  • Road Surface Type: Paved
Farm Information
  • Horse Facilities: No
Property and Assessments
  • Age Restrictions 3: No
  • Deed Restrictions 4: No
  • Building Area Total: 3748.0
  • Construction Status: Existing
  • Living Area: 3748.0
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Style - Other: Other
  • Year Built: 1988
Building Features
  • Attached Detached: Detached
  • Construction Materials: Wood Frame, Stucco
Utilities
  • Cable TV: Tenant
  • Electric Company: Unisource
  • Gas: Propane
  • Sewer: Sewer Connected
  • Technology: Cable TV, High Speed Internet, Telephone
  • Utilities Paid - Electric: Tenant
  • Utilities Paid - Gas: Tenant
  • Utilities Paid - Insurance: Tenant
  • Utilities Paid - Landscaping: Owner
  • Utilities Paid - Sewer: Tenant
  • Utilities Paid - Taxes: Owner
  • Utilities Paid - Trash: Tenant
  • Utilities Paid - Water: Tenant
  • Water Company: Liberty Utilities
Interior and Exterior Features
Interior Features
  • Appliances: Electric Range, Refrigerator
  • Bathroom Features: Dual Sinks/Hall
  • Breakfast: Area
  • Cooling: Heat Pump
  • Dining Areas: Dining in LR/GR
  • Dining Room: Area
  • Flooring: Carpet, Ceramic Tile
  • Has Cooling: Yes
  • Has Heating: Yes
  • Heating: Heat Pump, Propane
  • Interior Features: Smoke Detector
  • Kitchen Features: Electric Range, Refrigerator
  • Laundry - Other: Room
  • Living Areas: Great Room
  • Water Heater: Electric
  • Window Covering: Stay
Exterior Features
  • Community Features: Street Lights
  • Fencing: Block
  • Roof: Shingle
Multi Family
Multi Family Information
  • Number Of Units Total: 4
Income & Expenses
  • Gross Income: $2,750
  • Gross Scheduled Income: $2,750
  • Insurance Expense: $100
  • Net Operating Income: $2,650
  • Operating Expense: $100
Unit Information
Unit 1
  • Floor: 1st
  • Furnished: No
  • Monthly Rent: 800
  • Number of Beds: 2
  • Number of Full Baths: 2
  • Occupancy: Yes
  • Parking: Garage
  • Sq Ft: 1080
  • Stories: Single
Unit 2
  • Floor: 1st
  • Furnished: No
  • Monthly Rent: 650
  • Number of Beds: 2
  • Number of Full Baths: 2
  • Occupancy: Yes
  • Parking: Carport
  • Sq Ft: 884
  • Stories: Single
Unit 3
  • Floor: 1st
  • Furnished: No
  • Monthly Rent: 700
  • Number of Beds: 2
  • Number of Full Baths: 1
  • Occupancy: Yes
  • Parking: Carport
  • Sq Ft: 884
  • Stories: Single
Unit 4
  • Floor: 1st
  • Furnished: No
  • Monthly Rent: 600
  • Number of Beds: 2
  • Number of Full Baths: 1
  • Occupancy: Yes
  • Parking: On Property
  • Sq Ft: 900
  • Stories: Single
Rental
Rent Information
  • Expenses % of Gross: 3.64%
  • Expense per Sqft: $0
  • Figures Presented: Actual
  • Gross Rent Multi: $118.91
Tenant Information
  • Occupant Type: Tenant

Property History for 440 Paseo Flamenco

DateEvent & SourcePriceAppreciation
Jul 6, 2022

Sold

MLS of Southern Arizona #22212562

$327,000
Jun 29, 2022

Sold (Public Record)

Public Record #1493528914

$327,000

+20.0% / yr

May 27, 2022

Pending

MLS of Southern Arizona #22212562

DateEvent & SourcePrice
07/06/2022

Sold

MLS of Southern Arizona #22212562

$327,000
06/29/2022

Sold (Public Record)

Public Record #1493528914

$327,000

+20.0% / yr

05/27/2022

Pending

MLS of Southern Arizona #22212562

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

Public Records for 440 Paseo Flamenco

Taxable ValueLand$2,473Additions$29,978Total$32,451
Tax Record2025$3,809 ($317 / month)
Home Facts
Total Finished SqFt1,080 SqFtAbove Grade Finished SqFt1,080 SqFtStories1Lot Size30,906 SqFtStyleDuplexYear Built1988CountySANTA CRUZAPN124-02-074

Schools near 440 Paseo Flamenco

This home is within Santa Cruz Valley Unified District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - K to 5
Rating
School
Distance
Mountain View School
PublicK to 5

Coatimundi Middle School
Public6 to 8

Rio Rico High School
Public9 to 12

San Cayetano Elementary School
PublicK to 5

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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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 440 Paseo Flamenco, Rio Rico, AZ 85648
$327,000
8
3,748
3,748
3
2
2,171
13,939
3
2
1,495
30,056
3
2
1,206
29,185
$144,000
3
2
1,235
32,234
3
2
1,123
10,454

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 eXp 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.