Lisa Korpi

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Listing provided courtesy of OMNI Homes International- MLS# 22608649MLS Provider

5813 E 23rd StreetTucson, AZ 85711

Multi-Family · 2,906 Sq. ft. | 0.33 Acres
$534,000 Active Contingent

5813 E 23rd Street Overview

Time on Site:
88 days
Visits:
1

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.

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5813 E 23rd Street Facts & Features

  • Type Multi-Family
  • Sq. ft. 2,906
  • Price/Sq.ft. $184
  • Lot 0.33 Acres

Details

General

Association/HOA

  • Association: No

School Information

  • School District: TUSD
  • Elementary School: Wheeler
  • Middle Or Junior School: Vail
  • High School: Palo Verde

Income/Expenses

  • Gross Income: 3960.0
  • Gross Scheduled Income: 4400.0
  • Insurance Expense: 3743.0
  • Net Operating Income: -45578.0
  • New Taxes Expense: 5795.0
  • Operating Expense: 49538.0

Building Information

  • Year Built: 1976

Location/Region

  • Country: US
  • County Or Parish: Pima
  • MLS Area Major: Central
  • MLS Area Minor: Central
  • Subdivision Name: N/A
  • Township: 14

Community/Development

  • Community Features: None

Tax Information

  • Tax Year: 2025

General Information

  • Listing Terms: Cash,Conventional,FHA Loan
  • Ownership: Individual
  • Parcel Number: 131-09-022C
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Special Listing Conditions: None
  • Zoning: Tucson - R2

Interior

Beds/Baths

  • Bathrooms Total: 0

Building Interior

  • Building Area Total: 2906.0

General Information

  • Accessibility Features: None
  • Appliances: Refrigerator
  • Flooring: Ceramic Tile
  • Interior Features: Walk-In Closet(s)
  • Laundry Features: Outside
  • Living Area: 2906.0
  • Security Features: None
  • Spa Features: None

Exterior

Parking Information

  • Parking Total: 6

Lot Information

  • Lot Features: Shrubs,East/West Exposure
  • Lot Size Acres: 0.33
  • Lot Size Area: 0.33
  • Lot Size Dimensions: 00x00
  • Lot Size Source: Appraiser
  • Lot Size Square Feet: 14244.0
  • Lot Size Units: Acres
  • Road Responsibility: City
  • Road Surface Type: Paved
  • Water Source: Public

Waterfront/View

  • View: None

Building Exterior/Construction

  • Architectural Style: Bungalow
  • Construction Materials: Wood Frame
  • Patio And Porch Features: Covered
  • Roof: Built-Up - Reflect

General Information

  • Exterior Features: None
  • Fencing: Wood
  • Horse: No
  • Number Of Units Total: 4
  • Pool Features: None
  • Sewer: Sewer Connected

5813 E 23rd Street Neighborhood

Community

85711 (Tucson) Demographics

36
Median Age
4,826
Population Density (per sq. mile)
39%
College Educated
$42,497
Estimated Median Income
8,590
Estimated Total Home Owners
8,622
Estimated Total Renters
50% / 50%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

5813 E 23rd Street Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

5813 E 23rd Street Market Data

Based on the last 30 days in this zip code

$343,206
Average List Price
$221
Average Price per Square Foot
26
Properties Sold
96
Average Days on Market
151
Properties for Sale
Calculations provided by Reliance Network

5813 E 23rd Street History

Date Event Value Agent
6/15/2026Source: MLSSAZ - Tucson Status Change
Active Contingent
4/17/2026Source: MLSSAZ - Tucson Price Reduction
$534,000 -5.3%
4/2/2026Source: MLSSAZ - Tucson Added to Database
April 02, 2026