Properties
Tucson, AZ 85711 5813 E 23rd Street
$564,000
43 more
Presented By: OMNI Homes International
SQFT • 2,906
Home Details
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.
Presented By: OMNI Homes International
Interior Features for 5813 E 23rd Street
Bathrooms
Total Baths
Kitchen
RefrigeratorTrue
Other Interior Features
Air Conditioning Y/NYes
FlooringCeramic Tile
Heating Y/NYes
Interior AmenitiesWalk-In Closet(s)
Laundry FeaturesOutside
General for 5813 E 23rd Street
AccessibilityNone
Additional Parcels Y/NNo
AppliancesRefrigerator
Architectural StyleBungalow
Cap Rate-8.08
Carport Y/NNo
CityTucson
Community FeaturesNone
Construction MaterialsWood Frame
CoolingCentral Air
CountyPima
DirectionsFROM CRAYCROFT AND 22ND EAST TO VAN BUREN, SOUTH ON VAN BUREN TO 23RD ST, EAST TO
Elementary SchoolWheeler
Garage Y/NNo
Gross Income3960.0
HOANo
HOA Fee 20.0
HeatingForced Air
High SchoolPalo Verde
High School DistrictTUSD
Insurance Expense3743.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Legal DescriptionFrom Parcel:001010010 /Craycroft E90' Of Lot 13 Blk 1 Exc S94' E64'
Living Area2906.0
Lot Size Square Feet39.0
Lot Size UnitsAcres
MLS AreaCentral
MLS Area MinorCentral
Middle/Junior High SchoolVail
MobileHomeRemainsYNNo
Net Operating Income-45578.0
New Construction None
Number Of Units Total4
Operating Expense49538.0
Parcel Number131-09-022C
Patio/Porch FeaturesCovered
Pool FeaturesNone
Property SubtypeQuadruplex
Property TypeMulti-Family
Rent Control Y/NNo
RoofBuilt-Up - Reflect
Security FeaturesNone
Spa FeaturesNone
Standard StatusActive
StatusActive
Subdivision NameN/A
Tax Year2025
Taxes$5,795
Township14
UtilitiesSewer Connected
ViewNone
Water Body Access Y/NNone
Water Sewer Expense0.0
Year Built1976
ZoningTucson - R2
Exterior for 5813 E 23rd Street
Building Area Total2906.0
Crops Included Y/NNo
Exterior AmenitiesNone
FencingWood
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Dimensions00x00
Lot FeaturesEast/West Exposure, Shrubs
Lot Size Acres0.33
Lot Size Area0.33
Lot Size SourceAppraiser
Road ResponsibilityCity
Road Surface TypePaved
Total Parking6.0
Water SourcePublic
Additional Details
Price History
Schools
Middle School
Vail Middle School
Elementary School
Wheeler Elementary School
High School
Palo Verde High School
