$1,600,000
Tucson, AZ 85719
MLS# 22604054
5000 sqft
1 / 14
Property 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.
Details
Maps
Address Information
Country: USA
Street #: 1412-1414
Direction: N
Street Name: 1st
Suffix: Avenue
State/Province: AZ
Zip Code: 85719
County: Pima
Location, Tax & Legal
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
Tax Code: 123-15-1110
Area: Central
Contract Information
Method of Title: Fee (Simple)
Short Sale: No
Current Price: $1,600,000
List Price: $1,600,000
Listing Date: 2026-01-26
Status: Active
General Property Information
Property Sub-Type: Apartment
Construction Status: Existing
# Units: 17
Lot Dimensions: 81 x 100.4
Lot Acres: 0.19
Total Parking: 8
Lot Sqft: 8146
Multi-Tenant: Yes
Lot Size Source: Assessor
Source of SqFt: Assessor
List Price/SqFt: 320
Lot Size Price/SqFt: 196.42
Year Built: 1948
Combined SqFt: 5000
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.
Electric
Electric Company: TEP
Construction
Brick: 1
Sewer
Connected: 1
Unit Information
Other: Group Housing
Apartment Unit Information
# of Units/Other: 17
Property Features
Fire Sprinklers: 1
Main Cooling
Zoned: 1
Main Heating
Electric: 1
Zoned: 1
Remarks Misc
Geo Lat: 32.239921
Geo Lon: -110.960768
Income
Gross Scheduled Rent: 158100
Property Features
Property Features: Fire Sprinklers
Construction: Brick
Main Cooling: Zoned
Main Heating: Electric; Zoned
Sewer: Connected
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-suited for fraternity, student organization, or group housing use, as well as investors seeking a simplified, master-leased asset.
Also marketed under a separate MLS listing (MLS #22608063).
Listing Office: ABI Multifamily, LLC
Last Updated: April - 03 - 2026
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