503 E Waverly St, Tucson, AZ, 85705
About This Home
Completely renovated and turnkey, this exceptional R2-zoned property offers endless possibilities for investors, owner-occupants, and multigenerational living. Situated on a spacious quarter-acre lot just 1 mile from Downtown Tucson, the University of Arizona, Banner Hospital, and I-10, the location is unbeatable. Everything is new from top to bottom, including the roof, HVAC system, ductwork, plumbing, electrical, windows, doors, water heater, appliances, fixtures, and interior/exterior paint. The oversized lot features side and rear access for RVs, boats, or future development, plus additional off-street parking and a tandem driveway. With R2 zoning and ample space to add another structure, this is an outstanding opportunity for student housing, long-term rentals, or future expansion.
Getting Around
Somewhat Walkable
Some Transit
Biker's ParadiseSchools
Construction
Condition
- Year built: 1946
Materials
- Roof: Built-Up - Reflect
- Construction materials: Brick,Frame - Stucco,Wood Frame
Type & Style
- Home type: SingleFamily
- Architectural style: Contemporary,Ranch,Southwestern
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: Exhaust Fan,Dishwasher,Disposal,Electric Range,Electric Cooktop,Electric Oven,Gas Hookup Available
- Laundry features: In Kitchen,Storage,Gas Dryer Hookup,Electric Dryer Hookup
Bedrooms & Bathrooms
- Bedrooms: 5
- Bathrooms: 2
- Full bathrooms: 2
Features
- Kitchen Island,Beamed Ceilings,Walk-In Closet(s),Built-in Features
- Flooring: Concrete
- Number of fireplaces: 1
- Fireplace features: Wood Burning,Family Room,Living Room
- Fireplace: Yes
Heating & Cooling
- Heating features: Forced Air,Electric
- Cooling features: Central Air,Ceiling Fan(s)
Interior Area
- Total structure area: 2,400
- Total interior livable area: 2,400 sqft
Property
Accessibility
- Accessibility features: Accessible Entrance,Handicap Convertible,Level,Roll-In Shower,Wide Doorways,Wide Hallways
Details
- Parcel number: 115022490
- Zoning: Tucson - R2
- Special condition: None
Features
- Levels: One
- Stories: 1
- Entry location: 1
- Pool features: None
- Patio & porch: Covered,Slab,Patio
- Exterior features: Native Plants
- Spa features: None
- Fencing: Block,Chain Link
- Has view: Yes
- View description: Mountain(s),Sunset,Panoramic,Residential,Sunrise
Lot
- Lot size: 0.29 Acres
- Features: Decorative Gravel,Flower Beds,Graded,Subdivided,Adjacent to Alley,North/South Exposure
- Lot size dimensions: 81 x 156 x 80 x 156
Parking
- Parking features: None
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Heat Wave
- Inland Flooding
- Lightning
How This Home’s Risks Compare
FEMA Declared Disasters in Pima County and Arizona
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $2,649 | $31,788 |
| Home Insurance | $185 | $2,220 |
| Property Taxes | $305 | $3,660 |
| Electricity | $254 | $3,049 |
| Total | $3,393 | $40,716 |
Income You'd Need if You Spent...
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-08-15 | Price change | $519,000 |
| 2026-07-30 | Price change | $524,000 |
| 2026-07-13 | Price change | $534,000 |
| 2026-06-02 | Listed for sale | $539,000 |
| 2025-12-12 | Sold | $205,000 |
| 2025-10-06 | Pending sale | $225,000 |
| 2025-10-04 | Contingent | $225,000 |
| 2025-09-28 | Listed for sale | $225,000 |
| 2025-09-18 | Contingent | $225,000 |
| 2025-09-09 | Listed for sale | $225,000 |
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