TUCSON, ARIZONA (May 27, 2026) — A six-duplex built-to-suit multifamily investment on North Ralph Avenue in Midtown Tucson sold for $2,550,000.
The property is located at 2140 N. Ralph Avenue, near East Grant Road and North Tucson Boulevard, in the Northeast submarket. The sale closed March 12, 2026, and included multiple parcels totaling approximately 0.87 acres, or 38,000 square feet. The transaction equates to approximately $205.26 per building square foot, $212,500 per unit, and approximately $2.93 million per acre.
The seller, E & S Development LLC, an affiliate of Colin Properties LLC, was represented by Curt Stinson, manager, with Brenden Urias Buono of Engel & Völkers as listing agent. The buyer was Auto Body of Murrieta, represented by David Gray the owner. Dustin Allred and Cindy Allred of Realty Executives Arizona Territory, Tanque Verde, handled the selling side.
The buyer was in a 1031 exchange.
The deal was structured as a built-to-suit investment sale. Three duplexes were completed at 2122, 2126, and 2130 N. Ralph Avenue, with three additional slabs poured, awaiting permits at the time of sale. As a condition of the transaction, the seller is to complete the remaining three duplexes for the buyer. Once completed, the property will include six duplexes across five addresses, with two duplexes at 2140 N. Ralph Avenue.
The sale reflects continued investor interest in small-scale infill multifamily product in central Tucson, particularly near established employment, medical, retail, and university-adjacent corridors. The Ralph Avenue property sits in a built-out Midtown neighborhood with access to Grant Road, Tucson Boulevard, Campbell Avenue, and the University of Arizona area.
For more information, Stinson can be reached at 520.954.5800, and Buono is at 520.270.2558. Dustin and Cindy Allred can be contacted at 520.314.3255.
Source: RED Comp #12401