5813 E 23rd Street, Tucson, AZ 85711 (MLS# 22608649)

5813 E 23rd Street, Tucson, AZ 85711

$534,000
Property Type: Multi-Family Square Footage: 2,906 Lot Size (sq. ft.): 37 Status: Active
Current Price: $534,000 List Date: 4/02/2026 Last Modified: 4/17/2026

Overview

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.

Listing Details MLS# 22608649

Address Information

Street #
5813
Direction
E
Street Name
23rd
Suffix
Street
State/Province
AZ
Zip Code
85711
County
Pima
Country
USA

Location, Tax & Legal

Tax Code
131-09-022C
Area
Central
Subdivision
N/A
Tax Year
2025
Taxes
2339.97
Taxes For
Dwelling & Land
Legal Description
From Parcel:001010010 /Craycroft E90' Of Lot 13 Blk 1 Exc S94' E64'
Township
14
Community
None
Range
14
Section
24
Municipality/Zoning
Tucson - R2
Fire Protection
Included in Taxes
FEMA Flood Zone
No
Municipal Flood Zone
No

General Property Information

Dwelling Type
Quadruplex
Attached/Detached
Attached
Construction Status
Existing
Lot Dimensions
00x00
Lot Acres
0.33
Lot Sqft
14244
Lot Size Source
Appraiser
Combined SqFt
2906
Year Built
1976
Total Parking
6
School District
TUSD
Elementary School
Wheeler
Middle School
Vail
High School
Palo Verde
Horse Property
No
Horse Facilities
No
List Price/SqFt
183.76
Lot Size Price/SqFt
37.49

Property Features

Construction: Wood Frame Style: Bungalow Roof: Built-Up - Reflect Living Areas: Living Room Dining Areas: Eat-In Kitchen Dining Room: Area Breakfast: Area Kitchen Features: Refrigerator Bathroom Features: 2 Primary Baths Laundry: Outside Extra Room: None Interior Features: Walk-In Closet(s) Floor Covering: Ceramic Tile Window Covering: Stay Technology: Cable TV; High Speed Internet Main Cooling: Central Air Main Heating: Forced Air Water Heater: Natural Gas Gas: Natural Sewer: Connected Water: Public Accessibility Option: None Security: None Pool: None Spa: None Fence: Wood Landscape - Front: Shrubs; Trees Landscape - Rear: Shrubs; Trees View: None Road Type: Paved Exterior Feature: None Lot Features: East/West Exposure Neighborhood Features: None Terms: Cash; Conventional; FHA Loan Submit With Offer: Loan Pre-Qualifiaction; Proof of Funds Property Disclosures: Seller Prop Disclosure Special Conditions: None

Contract Information

Method of Title
Fee (Simple)
Distressed Info
None

More Information

Showing Information

Directions
FROM CRAYCROFT AND 22ND EAST TO VAN BUREN, SOUTH ON VAN BUREN TO 23RD ST, EAST TO

Unit Info

# of Units/2 BR
4
Avg Mo Rent/2 BR
1100

Unit 1 Information

Monthly Rent
1100
# Beds
2
# Full Baths
2
SqFt
725
Occupancy
No
Stories
Single
Floor
1st
Furnished
No
Parking
On Property

Unit 2 Information

Monthly Rent
1100
# Beds
2
# Full Baths
2
SqFt
725
Occupancy
No
Stories
Single
Floor
1st
Furnished
No
Parking
On Property

Unit 3 Information

Monthly Rent
1100
# Beds
2
# Full Baths
2
SqFt
725
Occupancy
Yes
Stories
Single
Floor
1st
Furnished
No
Parking
On Property

Unit 4 Information

Monthly Rent
1100
# Beds
2
# Full Baths
2
SqFt
725
Occupancy
Yes
Stories
Single
Floor
1st
Furnished
No
Parking
On Property

Analysis

Cap Rate %
-8.08
Gross Rent Multi
142.42
Vacancy Rate %
10
Exp/SqFt
17.05
Exp % of Gross
1250.96

Income

Gross Scheduled Rent
4400
Vacancy Loss
440
Adjusted Gross
3960
Total Expenses
49538
Net Opp Income
-45578
Other Income
0

Expenses

Capital Expenses
40000
Insurance
3743
Taxes/Assessments
5795
Figures Presented
Proforma
Admin Expenses
0
Contract Services
0
Gas/Electric
0
Maintenance Supplies
0
Management
0
Resident Manager
0
Water/Sewer
0
Other Expenses
0

Construction

Siding
No
Wood Frame
Yes

Kitchen Features

Oven
Electric
Refrigerator
Yes

Electric

Electric Company
TEP

Utilities Paid

Cable TV
Tenant
Electric
Tenant
Gas
Tenant
Insurance
Owner
Landscaping
Owner
Sewer
Owner
Taxes
Owner
Trash
Owner
Water
Owner

Driveway

Paved
Gravel

RV Parking

Other
None

Subdivision Restrict

Age Restrictions
No
Deed Restrictions
No
CC&Rs
Yes

Submit With Offer

Digital Signatures
Yes
Loan Pre-Qualifiaction
Yes
Proof of Funds
Yes

Home Protection

Offered
No

Gas

Natural
Yes

Style

Bungalow
Yes

Sewer

Connected
Yes

Roof

Built-Up - Reflect
Yes

Water

Public
Yes

Living Areas

Living Room
Yes

Dining Areas

Eat-In Kitchen
Yes

Fence

Wood
Yes

Dining Room

Area
Yes

View

None
Yes

Breakfast

Area
Yes

Road Type

Paved
Yes

Road Maintenance

City
Yes

Lot Features

East/West Exposure
Yes

Main Cooling

Central Air
Yes

Laundry

Outside
Yes

Neighborhood Features

None
Yes

Main Heating

Forced Air
Yes

Extra Room

None
Yes

Water Heater

Natural Gas
Yes

Association & Fees

HOA
No

Interior Features

Walk-In Closet(s)
Yes

Bathroom Features

2 Primary Baths
Yes

Terms

Cash
Yes
Conventional
Yes
FHA Loan
Yes

Floor Covering

Ceramic Tile
Yes

Window Covering

Stay
Yes

Accessibility Option

None
Yes

Technology

Cable TV
Yes
High Speed Internet
Yes

Security

None
Yes

Landscape - Front

Shrubs
Yes
Trees
Yes

Landscape - Rear

Shrubs
Yes
Trees
Yes

Patio/Deck

Covered
Yes

Pool

None
Yes

Property Disclosures

Seller Prop Disclosure
Yes

Spa

None
Yes

Special Conditions

None
Yes

Exterior Feature

None
Yes

Documents

Listing Office: OMNI Homes International
IDX
Last Updated: April - 17 - 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 2020 MLS of Southern Arizona. All Rights Reserved.
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