5770 S Jeanette Boulevard, Tucson, AZ 85706
$3,995,000
Property Type:
Commercial
Square Footage:
31,884
Lot Size (sq. ft.):
65,707
Status:
Active
Current Price:
$3,995,000
List Date:
9/14/2026
Last Modified:
9/14/2026
Description
Drexel Plaza is a 58-unit multifamily community located at 5770 S. Jeanette Boulevard in Tucson. Built in 1988, the property consists of two three-story buildings and one two-story building situated on approximately 1.51 acres. The unit mix includes 42 one-bedroom/one-bath units, 15 two-bedroom/one-bath units and one studio. Community amenities include a swimming pool and on-site laundry facility. Units are individually metered for electricity. Current ownership has invested more than $110,000 in capital improvements, including HVAC replacements, landscaping, pool improvements and roof recoating. Drexel Plaza is currently 96.6% occupied and offers additional upside through interior renovations and continued rent growth.
Supplements: In-place rents average approximately $680 per occupied unit, compared with pro forma rents averaging approximately $845 per unit. Recent two-bedroom leases have been signed at rents as high as $885. The property is located near Drexel Road and Park Avenue with convenient access to I-10 and I-19, Tucson Spectrum, Tucson International Airport and the RTX/Raytheon campus. The location provides access to major employment, retail and transportation corridors throughout south Tucson.
More Information MLS# 22622395
Address Information
Street #: 5770
Direction: S
Street Name: Jeanette
Suffix: Boulevard
State/Province: AZ
Zip Code: 85706
County: Pima
Country: USA
Location Tax Legal
Tax Code: 14025011B
Area: South
Contract Information
Current Price: $3,995,000
List Price: $3,995,000
Listing Date: 2026-09-11
Status: Active
Method of Title: Fee (Simple)
Short Sale: No
General Property Information
Property Sub-Type: Apartment
Construction Status: Existing
# Units: 58
Multi-Tenant: Yes
Year Built: 1988
Lot Dimensions: 215 X 200 X 265 X 250
Lot Acres: 1.5
Lot Sqft: 65707
Lot Size Source: Assessor
Combined SqFt: 31884
Source of SqFt: Assessor
List Price/SqFt: 125.3
Lot Size Price/SqFt: 60.8
Remarks Misc
Geo Lat: 32.14723
Geo Lon: -110.954608
Showing Information
Directions: S On Park Fr Irvington E On Drexel To Jeanette To Address
Income
Gross Scheduled Rent: 556610
Vacancy Loss: 33397
Other Income: 60591
Adjusted Gross: 583804
Net Opp Income: 302186
Analysis
Cap Rate %: 6.82
Gross Rent Multi: 6.84
Vacancy Rate %: 6
Exp % of Gross: 47.2
Expenses
Admin Expenses: 11600
Captial Expenses: 14500
Contract Services: 14500
Figures Presented: Proforma
Insurance: 31900
Maintenance Supplies: 37700
Management: 40087
Taxes/Assessments: 25272
Water/Sewer: 83327
Other Expenses: 11600
Unit Information
Apartment: Low Rise
Apartment Unit Information
# of Units/Studios: 1
Avg Mo Rent/Studios: 675
# of Units/1 BR: 42
Avg Mo Rent/1 BR: 795
# of Units/2 BR: 15
Avg Mo Rent/2 BR: 995
Electric
Electric Company: TEP
Property Features
Construction: Concrete Block
Main Cooling: Central Air; Wall Unit(s)
Sewer: Connected
Water: Public
Landscape - Front: Desert Plantings
Landscape - Rear: Desert Plantings
Terms: Cash; Conventional; Exchange
Possession: Recording
Special Conditions: None
Listing Office: ABI Multifamily, LLC
Last Updated: September - 14 - 2026
The data relating to real estate listings on this website comes in part from the Internet Data Exchange (IDX) program of Multiple Listing Service of Southern Arizona. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listings provided by brokerages other than the listing brokerage here are identified with the MLSSAZ IDX Logo.
All Information Is Deemed Reliable But Is Not Guaranteed Accurate.
Listing information Copyright 2026 MLS of Southern Arizona. All Rights Reserved.