Casitas De Tucson Apartments Sell for $5.9 Million in Central Tucson

TUCSON, Arizona (October 2, 2025) — Casitas De Tucson, a 27-unit multifamily community located at 3601 East 4th Street in Tucson’s Central submarket, has sold for $5,900,000 ($218,518 per unit). The investment transaction closed on September 25, 2025.

The property consists of 27 freestanding casitas, built in 2001, each designed as a two-bedroom, two-bathroom residence. Twenty of the units feature garages, and seven offer covered carports. All homes include walled rear yards and laundry hookups, catering to renters seeking a single-family lifestyle within a managed community setting. The complex totals 35,010 square feet on 1.83 acres, with an average unit size of approximately 1,296 square feet. The sale equates to $218,518 per unit, or $168.52 per square foot.

The buyer, Casitas De Tucson LLC, is an investment entity based in Chandler, Arizona, and is represented by its members, Hugo and Marie Correa. It was also represented by Carol Gallegos of Gallegos & Associates in Scottsdale. The sellers were Todd Alan and Elizabeth Bailey of Tucson, represented by Long Realty Company’s Kelly Doty and Rana McGoldrick, who marketed the property.

Casitas De Tucson occupies multiple parcels in the Speedway View subdivision along East 4th Street and North Richey Boulevard. The R-2 zoning provides for medium-density residential uses, aligning with the property’s detached casita design. The community’s central location offers residents proximity to the University of Arizona, Banner–University Medical Center, and midtown employment corridors.

Multifamily investment activity in Tucson is expected to remain strong through 2025, with buyers targeting smaller, well-located properties that offer unique living formats. The freestanding casita model provides an alternative to conventional apartment living and has become increasingly sought after by renters seeking privacy and by investors focused on stable occupancy trends.

For more information, please contact Doty at 520.603.3491 or McGoldrick at 520.444.8623.

Source: RED Comp #12113.