9th & Drachman Student Housing 1 Multifamily Properties Offered at $1,465,859 CAD in Tucson, AZ

Perfectly located near the University of Arizona and Downtown Tucson, 9th & Drachman Apartments present an excellent value-add opportunity with long-term rent growth potential in a tightening student housing market. The properties are being marketed together but can be sold separately (qualifying for residential financing). Together, they feature 9 units with a unit mix comprised of (4) Studios, (4) 1BD/1BAs, and (1) 2BD/1BA – see property specific breakdown below.
9th St. Apartments – (4) 1BD/1BAs
Drachman Apartments – (4) Studios & (1) 2BD/1BA
Both properties include spacious interiors that provide residents with a comfortable living experience, with upgraded cabinetry, appliances, and paint in all units. All units are equipped with cooling via either full air conditioning systems or mini-splits, ensuring comfort during Tucson’s warmer months. Tenants benefit from on-site laundry facilities, which further enhance the property’s revenue stream and rental appeal.
Water, sewer, and trash are currently paid by ownership; however, new ownership can implement a RUBS program to recapture a portion of these expenses and shift some costs back to tenants. Each unit is individually metered for gas and electric. With targeted renovations and operational improvements, rents can be increased significantly from current levels, driving meaningful upside in NOI and overall property value.
Conveniently situated for students and young professionals, the location offers a strong and durable tenant base. Proximity to the University of Arizona—Tucson’s largest employer—combined with easy access to Downtown Tucson provides residents with walkable access to dining, entertainment, and cultural attractions. This high-demand corridor continues to support consistent occupancy and positions the asset as a compelling long-term investment in the Tucson student housing market.