$1,600,000
Tucson, AZ 85719
MLS# 22604054
5000 sqft
1 / 13
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
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
Contract Information
Current Price: $1,600,000
List Price: $1,600,000
Listing Date: 2026-01-26
Status: Active
Method of Title: Fee (Simple)
Short Sale: 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
Remarks Misc
Geo Lat: 32.239921
Geo Lon: -110.960768
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.
Unit Information
Other: Student Housing
Apartment Unit Information
# of Units/Other: 17
Electric
Electric Company: TEP
Property Features
Property Features: Fire Sprinklers
Construction: Brick
Main Cooling: Zoned
Main Heating: Electric; Zoned
Sewer: Connected
Listing Office: ABI Multifamily, LLC
Last Updated: February - 12 - 2026
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