1374 CALLE MARTINETTE, Rio Rico, AZ 85648

$350,000

Property Type: Multiple Dwellings Bedrooms: 12 Baths: 6 Status: Active

Current Price: $350,000 Last Modified: 11/04/2026

Overview

Description

INVESTORS TAKE NOTICE! Income-producing triplex in Rio Rico featuring three tenant-occupied units generating $2,850 in combined monthly rental income ($950 per unit). All three units are currently on month-to-month rental agreements, offering flexibility for future ownership plans. The property was previously marketed at $1,100 per unit, presenting an opportunity for investors to explore future rental adjustments based on market conditions. Each unit features durable block construction with freshly painted exteriors. Additional improvements include a bronze standing-seam metal roof installed approximately 10 years ago, approximately 70 feet of rustic-style metal fencing with an attractive weathered bronze/brown finish, providing an added layer of privacy and security!

Supplements: There three HVAC units of approximately the same age, all currently operating with no known issues. Conveniently located near local schools, shopping, and Interstate 19 access. Don't miss this opportunity to acquire an established, income-producing multifamily property in Santa Cruz County!

Listing Details MLS# 7102201

Location, Tax & Legal

House Number: 1374
Street Name: CALLE MARTINETTE
St Suffix: --
City/Town Code: Rio Rico
State/Province: AZ
Zip Code: 85648
Zip4: 6479
Country: US
County Code: Santa Cruz
Subdivision: RIO RICO VILLAS 13
Assessor Number: 124-03-100
Tax Year: 2025
Assessor's Map #: 3
Legal Description (Abbrev): LOT 4 BLOCK 665 RIO RICO VILLAS 13
Assessor's Parcel #: 100
Add'l Parcels: No
Tax Municipality: Santa Cruz - COUNTY
Census Tract: 966105
Taxes: 1505
Legal: LOT 4 BLOCK 665 RIO RICO VILLAS 13
Marketing Name: Rio Rico Villas 13

Contract Info

Ownership: Fee Simple

General Property Description

Lot Size Dimensions: 86.79 x 114.83 56.76 x 85.20
Year Built: 1993
Uncvrd Parking Spcs: 7
Total # of Units: 3
# of Buildings: Yes
Zoning: MF
Flood Zone: No
Elementary School District: Santa Cruz Valley Unified District
High School District: Santa Cruz Valley Unified District
Elementary School: Calabasas School
Jr. High School: Coatimundi Middle School
High School: Rio Rico High School

Remarks Misc

Cross Street: W. Frontage Road and E. Camino Lito Galindo
Directions: Travel Southbound or Northbound on I-19 toward Nogales or Tucson. Take Exit 17 - Rio Rico Drive / Yavapai Drive. Turn right onto Rio Rico Drive. Continue toward the residential area and follow the signs for Calle Martinette. Continue to 1374 Calle Martinette.

Legal Info

Township: 22S
Range: 13E
Section: 21
Block: 665
Lot Number: 4

1 Bedroom Units

# 1 Bedroom Units: 2
Avg Rent: 950
Avg SqFt: 810
# Baths: Yes

More Information

2 Bedroom Units

# 2 Bedroom Units: 2
Avg Rent: 950
Avg SqFt: 810
# Baths: Yes

3 Bedrooms Units

# 3 Bedroom Units: 2
Avg Rent: 950
Avg SqFt: 809
# Baths: Yes

Structure

Bedrooms Total: 12
Bathrooms Total: 6

Income Expenses

Gross Annual Sch Inc: 29600
Net Operating Income: 26385

Showing Notification Methods

Showing Service: Aligned Showings
Text: Yes
Phone Call: Yes

Project Type

Tri-Plex: Yes

Efficiency Units

Avg Rent: 0

4 Bedrooms Units

Avg Rent: 0

Construction

Block: Yes
Brick: Yes

Const - Finish

Painted: Yes

Roofing

Metal: Yes
See Remarks: Yes

Floors

Tile: Yes

Sale Includes

Land & Building: Yes
Other (See Remarks): Yes

Income & Expenses

Annual Ins Exp: 2300
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 3805
Other Income: 2300
Vacancy Allowance: 0.05
Adjusted Gross Inc: 30305
Total Monthly Rental Income: 2850

Pmt & Rate Info

Cap Rate: 7.54
Equity: 350000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0

Lockbox Type

Combo: Yes

Community Features

No Pool: Yes

Heating

Electric: Yes

Cooling

Ceiling Fan(s): Yes
Electric: Yes

Exterior Amenities

Desert Landscaping: Yes
Fenced: Yes
Cable TV Available: Yes
Security Light(s): Yes

Interior Features

Vertical Blinds: Yes

Tenant Pays

Water: Yes
Sewer: Yes
Electricity: Yes
Trash Collection: Yes
Cable TV: Yes
Other (See Remarks): Yes

Appliances Included

Other: Yes

Road Access Type

City Street: Yes

Road Surface Type

Asphalt: Yes

Source of Fincl Data

Owner: Yes
Other (See Remarks): Yes

Road Responsibility

City Maintained Road: Yes

Water Source

City Franchise: Yes

Sewer

Sewer - Public: Yes

Parking Features

Free: Yes
1 Space/Unit: Yes
See Remarks: Yes

Electric

Other (See Remarks): Yes
Unisource: Yes

Gas

Other (See Remarks): Yes

Owner Pays

Landscaping: Yes
See Remarks: Yes

New Financing

Cash: Yes
VA: Yes
Conventional: Yes
FHA: Yes

Existing 1st Loan

Treat as Free&Clear: Yes

Existing 1st Loan Type

Not Applicable: Yes

Existing 1st Loan Terms

Not Applicable: Yes

Existing 2nd Loan

Treat as Free&Clear: Yes

Reports/Disclosures

Seller Prop Disc Stm: Yes

Environmental

None: Yes

Property Features

Project Type: Tri-Plex Construction: Block; Brick Const - Finish: Painted Roofing: Metal; See Remarks Floors: Tile Sale Includes: Land & Building; Other (See Remarks) Community Features: No Pool Exterior Amenities: Desert Landscaping; Fenced; Cable TV Available; Security Light(s) Interior Features: Vertical Blinds Appliances Included: Other Cooling: Ceiling Fan(s); Electric Water Source: City Franchise Sewer: Sewer - Public Electric: Other (See Remarks); Unisource Gas: Other (See Remarks) Parking Features: 1 Space/Unit; Free; See Remarks Road Access Type: City Street Road Surface Type: Asphalt Road Responsibility: City Maintained Road Owner Pays: Landscaping; See Remarks Tenant Pays: Water; Sewer; Electricity; Trash Collection; Cable TV; Other (See Remarks) Source of Fincl Data: Owner; Other (See Remarks) Showing Notification Methods: Text; Phone Call Lockbox Type: Combo Existing 1st Loan: Treat as Free&Clear Existing 1st Loan Type: Not Applicable Existing 1st Loan Terms: Not Applicable Existing 2nd Loan: Treat as Free&Clear New Financing: Cash; VA; FHA; Conventional Environmental: None

Listing Office: A.Z. & Associates

Office Phone: 602-456-7600

Office Email: db@azrealtyco.com

Last Updated: November - 04 - 2026