TUCSON, ARIZ. (July 25, 2025) — A portfolio of three duplexes located at 4108, 4114, and 4120 S. 12th Avenue in Tucson sold for a combined total of $1,251,000 in late June. The buyer was Arias Property, a private investment group based in Glendale, Arizona, acquiring the six-unit package at an average price of $208,500 per unit.
The seller was E & S Development, LLC, an entity owned by Colin Properties (Curt Stinson of Engel & Völkers, Tucson) and Greenhill Development (David Evans of Realty One Group, Scottsdale). Engel & Völkers represented the seller in all three transactions.
The sale was executed in three separate deals over four days, from June 27 to June 30, 2025, allowing for flexibility in closing and financing. Each of the properties contains two rental units, and each sold for $417,000, totaling six units across the portfolio.
Situated along South 12th Avenue near Irvington Road, the properties are in Tucson’s Southside submarket—a working-class residential corridor with strong rental demand and access to major bus routes, employment centers, and retail services. The area continues to draw attention from private capital seeking stabilized assets or value-add opportunities in Tucson’s high-occupancy, low-supply multifamily market.
“These smaller multifamily deals remain attractive to out-of-market investors due to Tucson’s affordability, steady rental income, and low vacancy rates,” said Curt Stinson, who co-managed the disposition on behalf of E & S Development. “We’re seeing continued buyer interest from Phoenix and California for workforce housing in core Tucson neighborhoods.”
The transaction adds to a growing trend of Phoenix-based investors expanding into Southern Arizona, targeting duplexes, triplexes, and fourplexes as scalable additions to rental portfolios without institutional competition.
For more information, contact Curt Stinson, Engel & Völkers Tucson at (520) 954-5800.