$1,600,000
Tucson, AZ 85719
MLS# 22608063
5000 sqft
1 / 13
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.. Also marketed under a separate MLS listing (MLS #22604054).
Details
Maps
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: 2026-02-26
Status: Active
Method of Title: Fee (Simple)
Short Sale: 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
Remarks Misc
Geo Lat: 32.239925
Geo Lon: -110.960786
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
Property Features
Property Features: Fire Sprinklers
Construction: Brick
Main Cooling: Zoned
Main Heating: Electric; Zoned
Sewer: Connected
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 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).
Listing Office: ABI Multifamily, LLC
Last Updated: March - 27 - 2026
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