TUCSON, Ariz. (December 2, 2025) — A newly constructed 11-unit multifamily community, "The 11 on Limberlost" has sold for $2,000,000 in a transaction that closed on November 20, 2025. The sale reflects pricing of $181,818 per unit and $165.29 per square foot.
Built in 2025, the 12,100-square-foot community comprises eleven 2-bedroom / 2-bathroom units and was completed in August 2025, following construction permits issued on December 18, 2024. The development transformed a previously vacant infill parcel into a modern, turnkey rental community with strong appeal to renters.
The property includes a gated perimeter and secured entry, beautifully finished interiors, in-unit washers and dryers, and air conditioning in all units, aligning with current demand for high-quality, low-maintenance rental housing.
Because Limberlost includes a broad mix of older homes, modest single-family residences, and an increasing amount of new infill redevelopment, this 11-unit project represents a value-added, modern infill product that fills a clear niche: renters seeking newer units in an established — but not luxury-priced — neighborhood. Given the sales and rental price levels for older housing stock in Limberlost, these newly constructed units may command a premium, supporting stable rental demand and strong occupancy. The neighborhood’s location, with convenient access to amenities, transit routes, and central Tucson, further enhances its appeal to tenants who prioritize convenience and modern finishes over suburban location.
The seller was JCM Development.
The brokerage team of Allan Mendelsberg and Joey Martinez with Cushman & Wakefield|PICOR Multi-Family handled the transaction. Contact Allen Mendelssberg at 520.546.2721 and Joey Martinez at 520.546.2730, for more information.
Source: RED Comp #12207