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5813 E 23rd St Tucson, AZ 85711
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Key Details
Sold Price -
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,906 sqft
MLS Listing ID 22608649
Sold Date -
Style Bungalow
HOA Y/N No
Year Built 1976
Tax Year 2025
Lot Size 0.327 Acres
Acres 0.33
Lot Dimensions 00x00
Property Sub-Type Quadruplex
Source MLS of Southern Arizona
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.
Location
State AZ
County Pima
Area Central
Zoning Tucson - R2
Direction FROM CRAYCROFT AND 22ND EAST TO VAN BUREN, SOUTH ON VAN BUREN TO 23RD ST, EAST TO
Rooms
Kitchen Refrigerator
Interior
Interior Features Walk-In Closet(s)
Heating Forced Air
Cooling Central Air
Flooring Ceramic Tile
Laundry Outside
Exterior
Exterior Feature None
Fence Wood
Pool None
Community Features None
Utilities Available Sewer Connected
View Y/N Yes
Water Access Desc City Water
View None
Roof Type Built-Up - Reflect
Porch Covered
Building
Lot Description East/West Exposure, Shrubs
Architectural Style Bungalow
Schools
Elementary Schools Wheeler
Middle Schools Vail
High Schools Palo Verde
School District Tusd
Others
Tax ID 131-09-022C
Acceptable Financing FHA Loan, Conventional, Cash
Horse Property No
Listing Terms FHA Loan, Conventional, Cash
Special Listing Condition None
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