TUCSON, AZ (April 22, 2026) — Victoria Arms Apartments, a 25-unit multifamily property at 1518 E. Hendrick Drive in Central Tucson, sold for $2.9 million on April 13 in an investment sale. The transaction equates to $116,000 per unit and $150.65 per square foot.
Built in 1975, the masonry complex totals 19,250 square feet on 1.7 acres and consists of five one-story buildings. The property includes 25 two-bedroom, one-bath units and offers amenities such as individually fenced yards, a pool, and laundry facilities.
The seller was G and B Holdings LLC of Castle Rock, Colorado, and the buyer was Christopher R. Cotler of Scottsdale. The deal included seller carryback financing.
Located in Tucson’s Central submarket near the University area, Victoria Arms represents another apartment trade in one of the city’s more established infill neighborhoods, where smaller and mid-sized multifamily assets continue to attract investor interest for their stable occupancy potential and proximity to employment, education, and retail amenities.
The listing was handled by Cushman & Wakefield | PICOR. Allan Mendelsberg was the contact broker, and Joey Martinez was also listed on the assignment.
For more information, contact Mendelsberg at 520.546.2721 and Martinez at 520.546.2730.
Source: RED Comp #12424