$564,000
Tucson, AZ 85711
MLS# 22608649
2906 sqft
1 / 48
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.
Details
Maps
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
Contract Information
Current Price: $564,000
List Price: $564,000
Listing Date: 2026-04-02
Status: Active
Method of Title: Fee (Simple)
Distressed Info: None
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: 194.08
Lot Size Price/SqFt: 39.6
Remarks Misc
Geo Lat: 32.20588
Geo Lon: -110.868222
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
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
Expenses
Capital Expenses: 40000
Insurance: 3743
Taxes/Assessments: 5795
Figures Presented: Proforma
Construction
Siding: No
Kitchen Features
Oven: Electric
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
Home Protection
Offered: No
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
Listing Office: OMNI Homes International
Last Updated: April - 02 - 2026
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