Villa Blanca Apartments Sells for $4.2 Million in Central Tucson

TUCSON, AZ (April 16, 2026) — Villa Blanca Apartments, a 24-unit multifamily property at 2853 N. Euclid Avenue in Tucson’s Central submarket, sold March 12 for $4.2 million, or about $171.23 per square foot. The sale also equates to $175,000 per unit.

Built in 1964, the 24,528-square-foot property sits on 1.75 acres and consists of six masonry fourplex buildings. The unit mix includes 12 two-bedroom, one-bath units of about 700 square feet and 12 three-bedroom, two-bath units of about 1,200 square feet, along with a swimming pool.

The buyer was Villa Blanca Coyote LLC of Henderson, Nevada, an affiliate of J&A B&C Legacy Holdings, LLC, et al, William and Jason Clune, members. The seller was Amphi Gardens LLC of Scottsdale, affiliated with Taylor Street Investments, LLC, and Patrick O’Meara, a member. Joseph Bernard Investment Real Estate’s Joseph Chaplik handled the transaction.

Located in Central Tucson near the University area, Midtown employment centers, and established neighborhood amenities, the property reflects continued investor interest in smaller in-town apartment communities that offer both current income and future upside. Assets of this size and configuration remain notable in Tucson’s multifamily market, particularly when they include a larger share of family-sized units, which are harder to find in older core-area inventory.

The sale underscores ongoing demand for well-located multifamily properties in Tucson’s central neighborhoods, where proximity to jobs, education, and services continues to support buyer interest in both stable operations and longer-term repositioning opportunities.