5813 E 23rd St, Tucson, AZ 85711
- $480,000
- 2,906
- SqFt
- Sold Price
- $480,000
- List Price
- $534,000
- Status
- CLOSED
- Closing Date
- Jul 10, 2026
- MLS#
- 22608649
- Living Sq.Ft
- 2,906
- Lot Size Sq.Ft
- 14,244
- Type
- Multifamily
- Area
- Central
- Subdivision
- N/A
Property Description
Investor alert! This 1976-built 4-plex is priced at $564,000 with a 6.40% stabilized CAP rate 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.
Additional Information
- Lot Size
- 14,244
- School District
- TUSD
- Elementary School
- Wheeler
- Middle School
- Vail
- High School
- Palo Verde
- Style
- Bungalow
- Roof
- Reflective
- Heating
- Forced Air
- Water
- Public
- Terms
- FHA, Conventional, Cash
- Appliances
- Refrigerator
- Office ID
- 5791
- Neighborhood
- N/A
- Zoning
- Tucson - R2
Listing courtesy of Anthony Dee from OMNI Homes International.
Selling Office: Keller Williams Integrity First.
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