Two Tucson Multifamily Properties Sell for Combined $2.125 Million

TUCSON, AZ (May 28, 2026) — Two Tucson multifamily investment properties sold in separate transactions for a combined $2.125 million, with Allan Mendelsberg and Joey Martinez, Principals and multifamily specialists with Cushman & Wakefield | PICOR, representing both parties in each sale.

The larger of the two sales by unit count involved a 12-unit apartment complex at 5757 E. 23rd Street in Tucson. John Francis Kopecky, Trustee, purchased the property from RW 5757 LLC, c/o CHW Property Holdings LLC, for $1.05 million. The 6,650-square-foot complex was built in 1964 and sits on 0.76 acres in Tucson’s east submarket. The sale equates to $87,500 per unit and $157.89 per building square foot. The property includes three fourplex buildings with a mix of studio, one-bedroom, and two-bedroom units, as well as laundry facilities.

In a separate central Tucson transaction, 9th Drachman LLC, c/o SVP Holdings LLC, purchased a 9-unit apartment property at 925 E. Drachman Street from JW Elizabeth Properties LLC for $1.075 million. The 4,028-square-foot complex was built in 1936 and sits on 0.38 acres near the University of Arizona and Banner University Medical Center. The sale amounts to $119,444 per unit and $266.88 per square foot of building area. The transaction includes the 925 E. Drachman property as well as related parcels at 1236–1240 E. 9th Street and 147 N. Mountain Avenue.

Both sold around 6.7% cap rates, and together, the two sales reflect continued investor demand for small multifamily properties in established Tucson infill locations, particularly assets near major employment, education, and medical anchors.

Allan Mendelsberg and Joey Martinez of Cushman & Wakefield | PICOR served as listing and selling broker representatives for both transactions.

For more information, Mendelsberg can be reached at 520.546.2721, and Martinez at 520.546.2730.

Source: RED Comp #12502 and #12483.