1412-1414 N 1st Avenue, Tucson, AZ 85719 (MLS# 22604054)

1412-1414 N 1st Avenue, Tucson, AZ 85719

$1,600,000

Property Type: Commercial Square Footage: 5,000 Lot Size (sq. ft.): 196 Status: Active

Current Price: $1,600,000 List Date: 2/12/2026 Last Modified: 4/03/2026

Overview

Description

Steel Village is a 17-bed, 9-bath shared student housing property located in Central Tucson within the University Homes Addition, approximately one mile from the University of Arizona. The property is operated under a master lease with an in-place lease through July 2027, providing near-term income stability. Originally constructed in 1948, the property was substantially rebuilt and repurposed in 2012 with new electrical, plumbing, and interior systems. In 2019, the owner completed significant capital improvements, including interior upgrades and enhanced outdoor common areas with a cocktail pool and gathering spaces. On-site laundry included. Ideal for an investor seeking simplified operations and predictable income.

Supplements: Originally constructed in 1948, the property was substantially rebuilt and repurposed in 2012 with new electrical, plumbing, and interior systems. In 2019, the owner completed significant capital improvements, including interior upgrades and enhanced outdoor common areas with a cocktail pool and gathering spaces. On-site laundry included. Well-suit ... (Read more)

Listing Details MLS# 22604054

Address Information

Street #: 1412-1414
Direction: N
Street Name: 1st
Suffix: Avenue
State/Province: AZ
Zip Code: 85719
County: Pima
Country: USA

Location, Tax & Legal

Tax Code: 123-15-1110
Area: Central
Tax Year: 2025
Taxes: 6296.41
Taxes For: Building & Land
Legal Description: UNIVERSITY HOMES LOT 10 & N81.35' LOT 9 BLK 10
Development Name: Steel Village
Municipality/Zoning: Tucson - C1
Fire Protection: Included in Taxes
FEMA Flood Zone: No
Municipal Flood Zone: No

General Property Information

Property Sub-Type: Apartment
Construction Status: Existing
# Units: 17
Total Parking: 8
Multi-Tenant: Yes
Year Built: 1948
Lot Dimensions: 81 x 100.4
Lot Acres: 0.19
Lot Sqft: 8146
Lot Size Source: Assessor
Combined SqFt: 5000
Source of SqFt: Assessor
List Price/SqFt: 320
Lot Size Price/SqFt: 196.42

Property Features

Property Features: Fire Sprinklers Construction: Brick Main Cooling: Zoned Main Heating: Electric; Zoned Sewer: Connected

Contract Information

Method of Title: Fee (Simple)
Short Sale: No

More Information

Showing Information

Directions: From Speedway and Euclid. North on Euclid. West (L)onto Drachman. North (R) onto 1st, to second property on East (R) side of street.

Income

Gross Scheduled Rent: 158100

Unit Information

Other: Group Housing

Apartment Unit Information

# of Units/Other: 17

Electric

Electric Company: TEP

Construction

Brick: Yes

Sewer

Connected: Yes

Property Features

Fire Sprinklers: Yes

Main Cooling

Zoned: Yes

Main Heating

Electric: Yes
Zoned: Yes

Listing Office: ABI Multifamily, LLC

Last Updated: April - 03 - 2026

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