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1414 N 1st Ave
Tucson, AZ 85719 North University

$1,600,000 USD

Apartments For Sale  •  16,423 SF

Property Details

  • Property Type Apartments
  • Total Building Size 16,423 SF
  • Lot Size 0.49 AC
  • Building Class C
  • Year Built 1948
  • Cap Rate 6.73 %
  • Zoning C1
50 Transit Score
60 Walk Score

Highlights

17-Bedroom / 9-Bath Shared Student Housing Property Operated Under a Master Lease
In-Place Lease Through July 2027 Providing Near-Term Income Stability
Potential to Deliver Tenant-Free for Owner-User or Repositioning Strategy
Located Approximately One Mile from the University of Arizona
Consistent Historical Demand from Student Groups
Outdoor Amenities Including Cocktail Pool & Shaded Common Areas

Property Flyers

Financial Summary (Proforma)

Net Operating Income: $107,655 USD (2026)
Cap Rate: 6.73 %
Total Expenses: $56,225 USD

Amenities

  • 24 Hour Access
  • Air Conditioning
  • Courtyard
  • Laundry Facilities
  • Pool
  • Kitchen
  • Refrigerator
  • Oven
  • Stainless Steel Appliances
  • Tub/Shower

Public Transportation

Commuter RailDriveWalkDistance
Tucson Amtrak Station (Sunset Limited - Amtrak, Texas Eagle - Amtrak) 5 min - 1.8 mi
Transit/SubwayDriveWalkDistance
Sl/University/Tyndall (Cr) (Sun Link - SunTran) 2 min 13 min 0.7 mi
Sl/2Nd St/Olive Rd (Sun Link - SunTran) 3 min 13 min 0.7 mi
Sl/University/3Rd Av (Cr) (Sun Link - SunTran) 2 min 15 min 0.8 mi
Sl/2Nd St/Highland Av (Sun Link - SunTran) 3 min 18 min 1.0 mi
Sl/4Th Av/4Th St (Sun Link - SunTran) 3 min 19 min 1.0 mi
AirportDriveWalkDistance
Tucson International 20 min - 9.4 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 9
Type: Surface
Included in Rent: Yes
Desiree Palmer 773-886-6010 ABI Multifamily
Desiree Palmer 773-886-6010 ABI Multifamily