1412 N 1st Ave Tucson, AZ 85719
17-bed student housing property with long-term lease in place.
Type:Multifamily
Property size:
5,000 SF- Added:
- Feb 23, 2026
- Days on Market:
- 37
- Last Refresh:
- Mar 17 at 1:16 pm
Property Features for 1412 N 1st Ave
General Information
- Standard status
- Active
- Size
- 5,000 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1948
Listing agent Desiree Palmer License #AZ: SA682872000
Listing office ABI Multifamily LLC Tucson
Listing date Feb 23, 2026
Source Crexi
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of ABI Multifamily LLC Tucson
Overview
Student Housing Near University
This 17-bed, 9-bath student housing property, known as Steel Village, is situated in central Tucson, approximately one mile from the University of Arizona. The property operates under a master lease structure, providing in-place lease coverage through July 2027. Originally built in 1948, the property underwent substantial reconstruction and repurposing in 2012, including new electrical, plumbing, and interior systems. Additional upgrades were completed in 2019, including a cocktail pool, outdoor common areas, an updated kitchen and finishes, and in-house laundry. Steel Village has demonstrated consistent tenant demand and is currently leased under a master lease to a student group. The property size is 5000 square feet. This asset offers an opportunity for an investor seeking stable cash flow, simplified operations, and long-term capital preservation in a supply-constrained student housing submarket.
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Tucson
- County
- Pima
- State
- Arizona
- Longitude
- -110.960703
- Latitude
- 32.240155
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - 17-bed student housing property with long-term lease in place.
Where is this apartment building located?
The property is located at 1412 N 1st Ave Tucson, AZ.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: In‑place master lease coverage through July 2027, providing near‑term income certainty.; Located approximately one mile from the University of Arizona.; Substantially rebuilt and repurposed in 2012 with new electrical, plumbing, and interior systems.
