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.
Multi-familyProperty Type
1988Year Built
0.71 acresLot Size
$102Est. Price/Sq.Ft.
8 spacesParking
Listed by Jose De La Luz Ugarte• eXp Realty
Bought with Hannah Castro• OMNI Homes International
This property is a great investment opportunity comprised of a duplex with two carports, a stand alone home with garage and a fourth rental unit which has been converted from a garage to an approximately 900 sq/ft apartment. Four units in all with established rents.Close to schools and shopping
MLSSAZ #21807315
Oct 12, 2018
Listing Removed
—
Mar 14, 2018
Listed
$275,000
$73/sq ft
MLSSAZ #4118420
Apr 17, 2018
Listing Removed
—
Feb 5, 2018
Listed
$275,000
$73/sq ft
MLSSAZ #4117655
Dec 31, 2017
Listing Removed
—
May 2, 2017
Listed
$275,000
$73/sq ft
MLSSAZ #4114193
Nov 30, 2014
Listing Removed
—
May 2, 2014
Listed
$309,000
$82/sq ft
MLSSAZ #4109858
Dec 31, 2011
Listing Removed
—
Dec 9, 2010
Listed
$325,000
$87/sq ft
MLSSAZ #4107744
Apr 30, 2010
Listing Removed
—
May 18, 2009
Listed
$369,000
$98/sq ft
Public Records
Mar 27, 2006
Sold
$256,000
$68/sq ft
Public Records
Nov 12, 2003
Sold
$170,000
$45/sq ft
Year
Property tax
Land + Additions
Assessment*
2026
$3,889 (+2.1%)
$2,473 + $29,978
$32,451
2025
$3,809 (+6.0%)
$2,473 + $29,978
$32,451
2024
$3,592 (+3.0%)
$2,473 + $31,803
$34,276
2023
$3,489 (+2.2%)
$2,473 + $31,803
$34,276
2022
$3,413 (+46.0%)
$2,473 + $23,047
$25,520
2021
$2,337 (+6.1%)
$2,473 + $17,509
$19,982
2020
$2,203 (+16.2%)
$2,473 + $17,509
$19,982
2019
$1,895 (−2.7%)
$2,473 + $17,509
$19,982
2018
$1,946 (+5.0%)
$2,473 + $15,110
$17,583
2017
$1,853 (+53.3%)
$2,473 + $14,350
$16,823
2016
$1,209 (−21.7%)
$2,473 + $13,992
$16,465
2014
$1,545
$1,030 + $9,590
$10,620
Tax history for 440 Paseo Flamenco
Year
Property tax
Land + Additions
Assessment*
2026
$3,889 (+2.1%)
$2,473 + $29,978
$32,451
2025
$3,809 (+6.0%)
$2,473 + $29,978
$32,451
2024
$3,592 (+3.0%)
$2,473 + $31,803
$34,276
2023
$3,489 (+2.2%)
$2,473 + $31,803
$34,276
2022
$3,413 (+46.0%)
$2,473 + $23,047
$25,520
2021
$2,337 (+6.1%)
$2,473 + $17,509
$19,982
2020
$2,203 (+16.2%)
$2,473 + $17,509
$19,982
2019
$1,895 (−2.7%)
$2,473 + $17,509
$19,982
2018
$1,946 (+5.0%)
$2,473 + $15,110
$17,583
2017
$1,853 (+53.3%)
$2,473 + $14,350
$16,823
2016
$1,209 (−21.7%)
$2,473 + $13,992
$16,465
2014
$1,545
$1,030 + $9,590
$10,620
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Beds
—
Baths
—
Stories
1
Lot width
—
Lot depth
—
Lot size
0.71 Acres
Year renovated
—
Sq. Ft.
1,080
Year built
1988
Style
Multi-Family (2-4 Unit)
County
Santa Cruz County
APN
12402074
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Oct 23, 2026.
MF
Multi-Family Residential District
MF (Multi-Family Residential) districts are designed to accommodate both single and multi-family dwellings.
Permitted uses
Include but are not limited to:
Housing-Single unit
Housing-Multiple units
Property details
Parking
Parking Information
Parking Total: 8
Interior
Interior Features
Appliances: Electric Range, Refrigerator
Flooring: Carpet, Ceramic Tile
Multi-Family Financial Information
# of Units Total: 4
Operating Expense: $100
Insurance Expense: $100
Gross Income: $2,750
Gross Scheduled Income: $2,750
Net Operating Income: $2,650
Exterior
Building Information
Building Area Total: 3,748
Construction Materials: Wood Frame, Stucco
Exterior Features
Fencing: Block
Roof: Shingle
Property Information
Property Sub Type: Quadruplex
Living Area: 3,748
Lot Information
Lot Size Square Feet: 92.05
Lot Size Dimensions: Irregular
Lot Features: Decorative Gravel, Shrubs, Hillside Lot
Road Surface Type: Paved
Road Responsibility: County
Zoning: SCC - MF
Financial
Tax Information
Tax Year: 2020
Parcel Number: 124-02-074
Utilities
Utility Information
Sewer: Sewer Connected
Utilities: Phone Connected
Heating & Cooling
Has Heating
Heating: Heat Pump, Propane
Has Cooling
Cooling: Heat Pump
Location
School Information
Elementary School: Mountain View Elementary
Middle Or Junior School: Calabasas Middle School
High School: Rio Rico High School
High School District: Santa Cruz Valley United School District #35
Location Information
Directions: Take Exit 22 (Peck Canyon) on I-19. Take the frontage Road until you reach N. Paseo Flamenco.
UnparsedAddress: 440 Paseo Flamenco, Rio Rico, AZ 85648
Community Information
Community Features: Street Lights
Public facts
Beds: —
Baths: —
Sq. Ft.: 1,080
Stories: 1.0
Lot Size: 0.71 acres
Style: Multi-Family (2-4 Unit)
Year Built: 1988
Year Renovated: —
County: Santa Cruz County
APN: 12402074
Home facts updated by county records on Oct 23, 2026
Around this home
Schools
K - 12
Preschool & daycare
Calabasas Middle School
Public PreK-8 • Assigned • 2.8mi
3/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
8/10 Fire Factor
39% chance of being in a wildfire in next 30 years
7/10 Heat Factor
7 days above 100° expected this year, 21 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
1/10 Air Factor
0 unhealthy days expected this year, 0 days in 30 years
Provided by First Street
Historical weather
Rio Rico, AZ • 85648
Average low and high temperatures (°F)
65
36
75
42
80
46
81
49
88
55
98
67
96
70
96
70
89
65
84
55
75
43
74
41
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 12.3 hours in
June and 7.4 hours in December, placing it above the
U.S. average for solar exposure.
12.3 hrs
7.4 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$363,000 – $439,000
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