5813 E 23rd Street, Tucson, AZ 85711
5813 E 23rd Street, Tucson, AZ 85711
5813 E 23rd Street, Tucson, AZ 85711
5813 E 23rd Street, Tucson, AZ 85711
5813 E 23rd Street, Tucson, AZ 85711
5813 E 23rd Street, Tucson, AZ 85711
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David Marsh

David Marsh

+1(480) 310-2844
$ 534,000
Est. payment | /mo

8 Beds

8 Baths

2,906 SqFt

Save
$ 534,000
Est. payment | /mo
Save

8 Beds

8 Baths

2,906 SqFt

Key Details

Property Type Commercial

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,906 sqft

Price per Sqft $183

MLS Listing ID 22608649

Style Bungalow

Bedrooms 8

Full Baths 8

HOA Y/N No

Year Built 1976

Annual Tax Amount $2,339

Tax Year 2025

Lot Size 0.327 Acres

Acres 0.33

Property Sub-Type Quadruplex

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.

Location

State AZ

County Pima

Area Central

Zoning Tucson - R2

Rooms

Other Rooms None

Dining Room Eat-In Kitchen

Kitchen Refrigerator

Interior

Interior Features Walk-In Closet(s)

Hot Water Natural Gas

Heating Forced Air

Cooling Central Air

Flooring Ceramic Tile

Laundry Outside

Exterior

Exterior Feature None

Fence Wood

Pool None

Community Features None

View None

Roof Type Built-Up - Reflect

Accessibility None

Road Frontage Paved

Building

Lot Description East/West Exposure

Dwelling Type Quadruplex

Sewer Connected

Water Public

Schools

Elementary Schools Wheeler

Middle Schools Vail

High Schools Palo Verde

School District Tusd

Others

Senior Community No

Acceptable Financing Cash, Conventional, FHA Loan

Horse Property No

Listing Terms Cash, Conventional, FHA Loan

Special Listing Condition None

MLS OF ARIZONA (MLSAZ) / Tucson Association of REALTORS®(TAR MLS)
Copyright 2026 MLS of Southern Arizona
Listed by OMNI Homes International

Nearby Locations

David Marsh

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(480) 310-2844

dmarshrealtygroup@gmail.com

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5813 E 23rd Street