5770 S Jeanette Boulevard, Tucson, AZ 85706 (MLS# 22622395)

$3,995,000

5770 S Jeanette Boulevard
Tucson, AZ 85706
MLS# 22622395
31884 sqft

1 / 18

Property 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.

Details

Maps

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

Showing Information

Directions: S On Park Fr Irvington E On Drexel To Jeanette To Address

Electric

Electric Company: TEP

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

Remarks Misc

Geo Lat: 32.14723

Geo Lon: -110.954608

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

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.

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.

Community Golf Course Homes