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$1,600,000
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Property 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.. 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 shared amenities designed to accommodate large-group living and full-building occupancy. Due to zoning and location, opportunities to acquire group housing of this scale in close proximity to the University of Arizona are limited. Also marketed under a separate MLS listing (MLS #22604054).
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: 22608063
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
- 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: From Parcel:001010010 /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# 22608063) is a Commercial property. 1412-1414 N 1st Avenue is currently listed for $1,600,000 and was received on March 27, 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.

