Equinox on 5th Apartments | 3701 - 3745 East 5th Street, Tucson, AZ 85716 | 64 Units | Built 1947, 1959, 1968, 1986 | Renovated 2019-2020 | $8,100,000 | $126,563 Per Unit | $186.49 Per SF
PRESS RELEASE
FOR IMMEDIATE RELEASE
Contact:
Corporate Headquarters
ABI Multifamily
Phone: 602.714.1400
Company Website: www.ABImultifamily.com
Phoenix, AZ. (September 30, 2025) – ABI Multifamily, the leading multifamily brokerage and advisory services firm in the Western US, is pleased to announce the $8,100,000 / $126,563 Per Unit / $186.49 Per SF sale of Equinox on 5th Apartments, a 64-unit multifamily apartment community located in Tucson, Arizona. Facilitating the transaction was ABI Multifamily's Phoenix-based Institutional Arizona Team - Alon Shnitzer, Rue Bax, Eddie Chang, Doug Lazovick, and Tyler Bruggman in collaboration with ABI Multifamily's Tucson Apartment Team - Desiree Palmer and Ryan Kippes.
The Buyer and Seller are based in California.
Equinox on 5th Apartments is a 64-unit, multifamily community located in the East Central Tucson submarket of Tucson, AZ. Ideally situated on East 5th Street just west of North Alvernon Way, the property is within one block of Reid Park, less than two miles from the University of Arizona and Park Place Mall, four miles from Downtown Tucson, and eight miles from the Tucson International Airport. A variety of shopping, dining, and entertainment options are available nearby at both the El Con Center Mall and Park Place Mall which includes Dillard’s, Total Wine & More, Sephora, Banana Republic, Old Navy, Yard House, Round1 Bowling & Arcade, and Cinemark Century movie theater.
The Equinox on 5th Apartments features a total of 10 buildings of different vintages (1947, 1959, 1968, and 1986) on four parcels all with recent renovations applied between 2019 - 2020. The property features an overall unit mix which consists of 5 studio units, 34 one-bedroom / one-bathroom units, 20 two-bedroom / one-bathroom units, 2 two-bedroom / two-bathroom units, and 3 three-bedroom / two-bathroom units with a weighted 679 SF average. Select units including washer and dryer and spacious patios or balconies. All units offer air conditioning/heating, large windows, and fully equipped kitchens with including refrigerators, ovens/stoves, microwaves, dishwashers, and garbage disposals. Upgraded units feature white shaker cabinetry, quartz countertops, wood-style flooring, and ceiling fans. The community amenities include swimming pool, two on-site laundry facilities, dog park, courtyard and ramada, gas barbecue grills with picnic area, on-site rental office, and open and covered parking.
Equinox on 5th benefits from close proximity to several of Tucson’s major employers, including Banner University Medical Center, Tucson Medical Center, Texas Instruments, Caterpillar, ADP Tucson, and the University of Arizona.
ABI Multifamily (https://www.abimultifamily.com/) is a brokerage and advisory services firm that focuses exclusively on apartment investment transactions. With offices in Phoenix, Las Vegas, San Diego, and Tucson, the experienced advisors at ABI Multifamily have completed billions of dollars in sales and thousands of individual multifamily transactions. ABI Multifamily incorporates a global approach with regional real estate expertise to successfully complete any multifamily transaction, regardless of size and complexity.