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5813 E 23rd Street

Tucson, AZ 85711
  • $564,000
  • STATUS: Active
  • ID#: 22608649
UPDATED: 87 min ago
$564,000
  • 0
    BEDS
  • 0.33
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,906
    SQFT
  • $194
    $/SQFT
Neighborhood:
N/A
Type:
Multi-Family
Built:
1976
County:
Area:

School Information

Elementary School:
Middle School:
High School:
School District:
Courtesy of OMNI Homes International.

Description

Investor alert! This 1976-built 4-plex is priced at $564,000 with a 5.46% stabilized CAP rate and a clear path to 6.40% at full occupancy -- no additional capital required. Four spacious 2BD/2BA units, each with private en suite bathrooms, drive strong rental demand and low turnover. Utilities are fully tenant-paid and parking for up to 6 vehicles adds everyday convenience. All 4 units feature brand new HVAC systems, and one unit was completely remodeled in 2025 with modern finishes -- move-in ready. Current rents are below market with 2 units vacant, offering immediate lease-up upside. The heavy lifting is already done. Gross Potential Rent: $52,800/yr | Stabilized NOI: $30,782 | GRM: 10.68.

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MLS of Southern Arizona (Tucson Association of Realtors) logo Listing information Copyright 2026 MLS of Southern Arizona. All Rights Reserved. Data last updated: 2026-04-13T00:06:41.913.
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 Tierra Antigua Realty are identified with the MLSSAZ IDX Logo. All Information Is Deemed Reliable But Is Not Guaranteed Accurate.
www.kinoabrams.com/homes/174797457
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5813 E 23rd Street Tucson, AZ 85711

  • Price: $564,000
  • Status: Active
  • On Site: Days
  • Updated: 87 min ago
  • ID#: 22608649
0
Beds
0
Baths
0
½ Baths
0.33
Acres
2,906
SQFT
$194
$/SQFT
1976
Built
Neighborhood:
N/A
County:
Pima
Area:
Central
Elementary School:
Wheeler
Middle School:
Vail
High School:
Palo Verde
School District:
TUSD
Property Description
Investor alert! This 1976-built 4-plex is priced at $564,000 with a 5.46% stabilized CAP rate and a clear path to 6.40% at full occupancy -- no additional capital required. Four spacious 2BD/2BA units, each with private en suite bathrooms, drive strong rental demand and low turnover. Utilities are fully tenant-paid and parking for up to 6 vehicles adds everyday convenience. All 4 units feature brand new HVAC systems, and one unit was completely remodeled in 2025 with modern finishes -- move-in ready. Current rents are below market with 2 units vacant, offering immediate lease-up upside. The heavy lifting is already done. Gross Potential Rent: $52,800/yr | Stabilized NOI: $30,782 | GRM: 10.68.
Exterior Features

Architectural Style Bungalow Construction Materials Wood Frame Exterior Features None Fencing Wood Lot Features East/West ExposureShrubs Other Structures [] Parking Features [] Parking Total 6 Patio And Porch Features Covered Pool Features None Roof Built-Up - Reflect Spa Features None Structure Type [] View None Window Features []

Interior Features

Accessibility Features None Appliances Refrigerator Cooling Central Air Cooling YN Yes Flooring Ceramic Tile Heating Forced Air Heating YN Yes Interior Features Walk-In Closet(s) Laundry Features Outside Unit1 Furnished No Unit1 Stories Single Unit2 Furnished No Unit2 Stories Single Unit3 Furnished No Unit3 Stories Single Unit4 Furnished No Unit4 Stories Single

Property Features

Association Amenities [] Association Fee2 0 Association YN No Community Features None Contract Information Method Of Title Fee (Simple) Distressed Info None Electric [] Fema Flood Zone2 No Gross Income 3960 Gross Scheduled Income 4400 Horse YN No Insurance Expense 3743 Listing Terms FHA LoanConventionalCash Manager Expense 0 Municipal Flood Zone No Natural Gas YN Yes Net Operating Income -45578 New Taxes Expense 5795 Operating Expense 49538 Other Equipment [] Other Expense 0 Professional Management Expense 0 Property Sub Type Quadruplex Road Responsibility City Road Surface Type Paved Security Features None Sewer [] Special Listing Conditions None Subdivision Restrict Age Restrictions3 No Subdivision Restrict Deed Restrictions4 No Supplies Expense 0 Tax Year 2025 Township 14 Utilities Sewer Connected Water Sewer Expense 0 Water Source Public Zoning Tucson - R2

Listing provided by OMNI Homes International: 520-474-1777. Listing information © 2026 MLS of Southern Arizona.


MLS of Southern Arizona (Tucson Association of Realtors) logo Listing information Copyright 2026 MLS of Southern Arizona. All Rights Reserved. Data last updated: 2026-04-13T00:06:41.913.
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 Tierra Antigua Realty are identified with the MLSSAZ IDX Logo. All Information Is Deemed Reliable But Is Not Guaranteed Accurate.
 
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Tierra Antigua Realty
1650 E River Road, Suite 202
Tucson AZ, 85718
Courtesy of OMNI Homes International.