TUCSON, AZ (August 14, 2025) — A newly built multi-family quadruplex at 1603 S Van Buren Avenue, Tucson, AZ 85711, sold for $850,000. The 4,316-square-foot property, completed in 2025, features 12 bedrooms and eight bathrooms in four three-bedroom / two-bath units. Designed with open layouts, stainless steel appliances, tile flooring, and spray-foam insulation, the building offers energy efficiency and turnkey appeal for investors.
The location in the Corbett neighborhood, south of 22nd Street and east of Kino Parkway, is a few miles southeast of the downtown core. The area is primarily residential, with a mix of single-family homes, small multifamily buildings, all within proximity to Davis–Monthan Air Force Base.
The transaction was handled by listing broker Brenden Urias Buono of Engel & Völkers Tucson. The sale equates to roughly $164,300 per unit, slightly below Tucson’s first-quarter 2025 average of $164,338 per unit, but above the citywide average price per square foot of $189.09.
Tucson’s multifamily market has been active in 2025, with approximately 2,400 new units expected to deliver this year. The first quarter saw a vacancy rate of 8.81%, up from 8.23% a year earlier, while average monthly gross rents fell by $28 to $1,154 per unit. Despite these shifts, investor interest remains strong, particularly in new, low-maintenance properties like the Van Buren quadruplex. Comparable recent sales in the area, including an eight-bedroom property on East 24th Street and a ten-bedroom complex on South Jefferson Avenue, reflect sustained demand for similar multi-unit assets.
At approximately $197 per square foot, the Van Buren property represents a competitive value for a modern, energy-efficient rental in a growing market. With continued economic and population growth fueling rental housing demand, the property’s high-quality finishes, strategic location, and low upkeep requirements position it for long-term stability in Tucson’s evolving multifamily sector.
For more information, contact Brenden Urias Buono of Engel & Völkers Tucson at 520.270.2558.