Sandy Glockner

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Listing provided courtesy of ABI Multifamily, LLC- MLS# 22604054MLS Provider

1412-1414 N 1st AvenueTucson, AZ 85719

Commercial · 5,000 Sq. ft. | 0.19 Acres
$1,600,000 Active

1412-1414 N 1st Avenue Overview

Time on Site:
138 days
Visits:
27

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).

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1412-1414 N 1st Avenue Facts & Features

  • Type Commercial
  • Sq. ft. 5,000
  • Price/Sq.ft. $320
  • Lot 0.19 Acres

Details

General

Income/Expenses

  • Gross Scheduled Income: 158100.0

Building Information

  • Year Built: 1948

Location/Region

  • Country: US
  • County Or Parish: Pima
  • MLS Area Major: Central
  • MLS Area Minor: Central

Tax Information

  • Tax Annual Amount: $6,296.41
  • Tax Year: 2025

General Information

  • Ownership: Partnership
  • Parcel Number: 123-15-1110
  • Property Type: Commercial Sale
  • Zoning: Tucson - C1

Interior

Beds/Baths

  • Bathrooms Total: 0

Building Interior

  • Building Area Total: 5000.0

General Information

  • Building Features: Fire Sprinklers
  • Living Area Source: Assessor

Exterior

Parking Information

  • Parking Total: 8

Lot Information

  • Lot Size Acres: 0.19
  • Lot Size Area: 0.19
  • Lot Size Dimensions: 81 x 100.4
  • Lot Size Source: Assessor
  • Lot Size Square Feet: 196.42
  • Lot Size Units: Acres
  • Number Of Buildings: 17

Building Exterior/Construction

  • Construction Materials: Brick

General Information

  • Sewer: Sewer Connected

1412-1414 N 1st Avenue Neighborhood

Community

85719 (Tucson) Demographics

23
Median Age
5,888
Population Density (per sq. mile)
56%
College Educated
$34,013
Estimated Median Income
5,108
Estimated Total Home Owners
13,011
Estimated Total Renters
28% / 72%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

1412-1414 N 1st Avenue Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

1412-1414 N 1st Avenue Market Data

Based on the last 30 days in this zip code

$430,531
Average List Price
$281
Average Price per Square Foot
27
Properties Sold
73
Average Days on Market
135
Properties for Sale
Calculations provided by Reliance Network

1412-1414 N 1st Avenue History

Date Event Value Agent
3/27/2026Source: MLSSAZ - Tucson Added to Database
March 27, 2026
2/12/2026Source: MLSSAZ - Tucson Added to Database
February 12, 2026