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$1,600,000
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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. 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).
Full Property Details
Full Property Details for 1412-1414 N 1st Ave
General
- Price: $1,600,000
- Taxes: $6,296 (2025)
- Status: Active
- Type: Commercial
- Source: MLSSAZ
- MLS ID: 22604054
Parking
- Total Spaces: 8
Location
- Area: Central
- County: Pima
- Driving 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.
Heating & Cooling
- Air Conditioning: Yes
- Cooling Type: Zoned
- Heating Type: Electric, Zoned
Utilities
- Utility Description: Sewer Connected
Structural Information
- # Buildings: 17
- Construction Status: Existing
- Construction: Brick
- Square Feet: 5,000
- Sq. Ft. Source: Assessor
- Year Built: 1948
Lot Features
- Lot Size (Acres): 0.19
- Lot Size (Sq. Ft.): 8,146
- Lot Size Source: Assessor
- Lot Dimensions: 81 x 100.4
- Zoning: Tucson - C1
Financial Considerations
- Tax Amount: $6,296
- Tax Year: 2025
Disclosures and Reports
- Ownership: Fee (Simple)
- Legal Description: UNIVERSITY HOMES LOT 10 & N81.35' LOT 9 BLK 10
- APN: 123-15-1110
Listed by ABI Multifamily, LLC
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1412-1414 N 1st Avenue, Tucson, AZ 85719 (MLS# 22604054) is a Commercial property. 1412-1414 N 1st Avenue is currently listed for $1,600,000 and was received on February 12, 2026. Want to learn more about 1412-1414 N 1st Avenue? Do you have questions about finding other Commercial real estate for sale in Central? You can browse all Central real estate or contact a Coldwell Banker agent to request more information.

