TUCSON, Ariz. (September 23, 2025) – Cushman & Wakefield | PICOR announced the sale of Hidden Cove Apartments, a 15-unit multifamily property located in the Central Tucson submarket, for $1,010,000. The transaction reflects a price of $67,333 per unit and $93.49 per square foot.
Hidden Cove Apartments is situated at 3240–3276 North Geronimo Avenue and includes 10,803 square feet of living area on 1.25 acres within the Garden Homes subdivision. Built in 1952, the community comprises two studios, a collection of one-bedroom units, and six two-bedroom apartments. With its frame and stucco construction and central location, the property offers investors a stable, income-producing asset in one of Tucson’s most established neighborhoods.
The property was purchased by 220 Fort Lowell LLC of Newport Beach, California, from longtime owners Ivan Ramirez and family.
Cushman & Wakefield | PICOR principals and multifamily specialists, Allan Mendelsberg and Joey Martinez represented both the buyer and the seller in the transaction. Mendelsberg noted that the deal demonstrates continued investor interest in well-located, small-scale apartment communities in Central Tucson, where limited supply and steady demand continue to drive competition.
“This transaction highlights continued investor interest in well-located Central Tucson multifamily communities,” said Mendelsberg. “With limited supply of small-scale apartment assets, properties like Hidden Cove remain highly sought after.”
For additional information, please get in touch with Mendelsberg at 520.546.2721 and Martinez at 520.546.2730.
Source: RED Comp #12104