5770 S Jeanette Boulevard, Tucson, AZ 85706 (MLS# 22622395)

5770 S Jeanette Boulevard, Tucson, AZ 85706

New Listing

$3,995,000

Property Type: Commercial Square Footage: 31,884 Lot Size (sq. ft.): 65,707 Status: Active

Current Price: $3,995,000 List Date: 9/14/2026 Last Modified: 9/14/2026

Overview

Description

Drexel Plaza is a 58-unit multifamily community located at 5770 S. Jeanette Boulevard in Tucson. Built in 1988, the property consists of two three-story buildings and one two-story building situated on approximately 1.51 acres. The unit mix includes 42 one-bedroom/one-bath units, 15 two-bedroom/one-bath units and one studio. Community amenities include a swimming pool and on-site laundry facility. Units are individually metered for electricity. Current ownership has invested more than $110,000 in capital improvements, including HVAC replacements, landscaping, pool improvements and roof recoating. Drexel Plaza is currently 96.6% occupied and offers additional upside through interior renovations and continued rent growth.

Supplements: In-place rents average approximately $680 per occupied unit, compared with pro forma rents averaging approximately $845 per unit. Recent two-bedroom leases have been signed at rents as high as $885. The property is located near Drexel Road and Park Avenue with convenient access to I-10 and I-19, Tucson Spectrum, Tucson International Airport and the ... (Read more)

Listing Details MLS# 22622395

Address Information

Street #: 5770
Direction: S
Street Name: Jeanette
Suffix: Boulevard
State/Province: AZ
Zip Code: 85706
County: Pima
Country: USA

Location, Tax & Legal

Tax Code: 14025011B
Area: South

General Property Information

Property Sub-Type: Apartment
Construction Status: Existing
# Units: 58
Multi-Tenant: Yes
Year Built: 1988
Lot Dimensions: 215 X 200 X 265 X 250
Lot Acres: 1.5
Lot Sqft: 65707
Lot Size Source: Assessor
Combined SqFt: 31884
Source of SqFt: Assessor
List Price/SqFt: 125.3
Lot Size Price/SqFt: 60.8

Property Features

Construction: Concrete Block Main Cooling: Central Air; Wall Unit(s) Sewer: Connected Water: Public Landscape - Front: Desert Plantings Landscape - Rear: Desert Plantings Terms: Cash; Conventional; Exchange Possession: Recording Special Conditions: None

Contract Information

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

More Information

Showing Information

Directions: S On Park Fr Irvington E On Drexel To Jeanette To Address

Income

Gross Scheduled Rent: 556610
Vacancy Loss: 33397
Other Income: 60591
Adjusted Gross: 583804
Net Opp Income: 302186

Analysis

Cap Rate %: 6.82
Gross Rent Multi: 6.84
Vacancy Rate %: 6
Exp % of Gross: 47.2

Expenses

Admin Expenses: 11600
Captial Expenses: 14500
Contract Services: 14500
Figures Presented: Proforma
Insurance: 31900
Maintenance Supplies: 37700
Management: 40087
Taxes/Assessments: 25272
Water/Sewer: 83327
Other Expenses: 11600

Unit Information

Apartment: Low Rise

Apartment Unit Information

# of Units/Studios: Yes
Avg Mo Rent/Studios: 675
# of Units/1 BR: 42
Avg Mo Rent/1 BR: 795
# of Units/2 BR: 15
Avg Mo Rent/2 BR: 995

Electric

Electric Company: TEP

Listing Office: ABI Multifamily, LLC

Last Updated: September - 14 - 2026

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