5813 E 23rd St Tucson, AZ 85711
Corbett NeighborhoodEstimated payment $3,601/month
Highlights
- 0.33 Acre Lot
- Covered Patio or Porch
- Walk-In Closet
- No HOA
- Breakfast Area or Nook
- Living Room
About This Home
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.
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1976
Lot Details
- 39 Sq Ft Lot
- East or West Exposure
- Wood Fence
- Shrub
- Landscaped with Trees
Home Design
- Bungalow
- Quadruplex
- Wood Frame Construction
- Built-Up Roof
Interior Spaces
- Walk-In Closet
- 2,906 Sq Ft Home
- 1-Story Property
- Window Treatments
- Living Room
- Dining Area
- Ceramic Tile Flooring
- Laundry Located Outside
Kitchen
- Breakfast Area or Nook
- Eat-In Kitchen
- Electric Oven
Parking
- 6 Parking Spaces
- Driveway
Schools
- Wheeler Elementary School
- Vail Middle School
- Palo Verde High School
Utilities
- Forced Air Heating and Cooling System
- Natural Gas Water Heater
- High Speed Internet
- Cable TV Available
Additional Features
- Covered Patio or Porch
- Ground Level
Listing and Financial Details
- $5,795 special tax assessment
Community Details
Overview
- No Home Owners Association
- 4 Units
- The community has rules related to covenants, conditions, and restrictions
Building Details
- Insurance Expense $3,743
- New Taxes Expense $5,795
- Operating Expense $49,538
- Gross Income $3,960
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/02/2026 04/02/26 | For Sale | $564,000 | -- | $194 / Sq Ft |
Source: MLS of Southern Arizona
MLS Number: 22608649
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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 Ten-X are identified with the MLSSAZ IDX Logo. All Information Is Deemed Reliable But Is Not Guaranteed Accurate. Listing information Copyright 2026 MLS of Southern Arizona. All Rights Reserved.
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Ask me questions while you tour the home.