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: 3/27/2026 Last Modified: 4/03/2026

Overview

Description

Steel Village is a 17-bedroom/9 bathroom group housing property located approximately one mile from the University of Arizona, specifically suited for fraternity, student organization, or other large-group living use. The property has historically operated as full-building housing for organized student groups and is configured to support that use. The property is currently leased at $13,175/month under a full-building lease through July 2027, providing near-term income stability..

Supplements: Originally constructed in 1948 and substantially rebuilt in 2012, the property includes updated electrical, plumbing, mechanical systems, and interior finishes. Additional improvements completed in 2019 include a renovated kitchen with a large island, updated flooring, outdoor common areas, and a pool. The layout includes multiple common areas and ...

Listing Details MLS# 22608063

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
Legal Description
From Parcel:001010010 /University Homes Lot 10 & N81.35' Lot 9 Blk 10
Municipality/Zoning
Tucson - C1
Fire Protection
Included in Taxes
FEMA Flood Zone
No
Municipal Flood Zone
No

General Property Information

Property Sub-Type
Other
Construction Status
Existing
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
IDX
Listing Office: ABI Multifamily, LLC
Last Updated: April - 03 - 2026
The data relating to real estate listings on this website comes in part from the Internet Data Exchange (IDX) program of Multiple Listing Service of Southern Arizona. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listings provided by brokerages other than the listing brokerage here are identified with the MLSSAZ IDX Logo. All Information Is Deemed Reliable But Is Not Guaranteed Accurate. Listing information Copyright 2020 MLS of Southern Arizona. All Rights Reserved.

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