210-Unit Apartment
New
For Sale
Contact for pricing
305 East Benson Hwy, Tucson, AZ 85713
Two renovated properties support shared on-site staffing near Downtown Tucson, the VA Healthcare System and the University of Arizona.
Property SizeContact for details
Days on Market5
Property Features for 305 East Benson Hwy
General Information
Standard status
Active
Class
C
Property subtype
Multifamily
Occupancy
69%
Financials
Asking Price
$13,125,000
Average Monthly Rent
$848
Additional Details
Multifamily Units
210
Building Details
Buildings
2
Listing Agency:
Colliers - Phoenix, Arizona
Listed By:
Morgan Abraham · License #BR636521000
Source:
Crexi
Added: Sep 23
Changed: Sep 27
Last Checked: Sep 26 at 3:30PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Colliers - Phoenix, Arizona
Investment Insights
Based on property information with market context.
This 210-unit apartment portfolio comprises two properties in South Tucson. Both have undergone full renovations, and Spanish Trail also received a fire-related rebuild in 2024. The properties can be managed by one shared on-site team. Occupancy is 68.6%, with 66 vacant units; in-place rents include utilities.
The properties are within about a mile of the I-10/I-19 interchange and close to Downtown Tucson, the VA Healthcare System and the University of Arizona. The portfolio’s underwriting targets 90% economic occupancy within 12 months, with a funded capital budget, operating reserve and lease-up interest reserve supporting the plan. Stabilized Year 2 underwriting reflects an 8.04% cap rate.
The properties are within about a mile of the I-10/I-19 interchange and close to Downtown Tucson, the VA Healthcare System and the University of Arizona. The portfolio’s underwriting targets 90% economic occupancy within 12 months, with a funded capital budget, operating reserve and lease-up interest reserve supporting the plan. Stabilized Year 2 underwriting reflects an 8.04% cap rate.
Key Highlights
- 210 apartment units across two South Tucson properties
- 68.6% occupied, with 66 vacant units
- Full renovations at both properties; Spanish Trail received a 2024 fire rebuild
Property Analytics
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Open Analytics
Current Use
Lease Details
210
Residential units
68.6%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,194
Businesses Nearby
Explore this area
Business Placement
Demographics for 85713, AZ
46,810
Population
19,056
Households
2.5
Avg Household Size
38
Median Age
21%
College-Educated
79%
High-School Grad
23.8 sq mi
ZIP Area
1,967
Density / Sq Mi
$50,264
Median Household Income
$32,302
Median Earnings
$1,017
Median Rent
$171,700
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Apartment building - Two renovated properties support shared on-site staffing near Downtown Tucson, the VA Healthcare System and the University of Arizona.
Where is this apartment building located?
The property is located at 305 East Benson Hwy Tucson, AZ.
What is the asking price?
The asking price for this property is $13,125,000.
What are key features of this property?
This property features: 210 apartment units across two South Tucson properties; 68.6% occupied, with 66 vacant units; Full renovations at both properties; Spanish Trail received a 2024 fire rebuild
