$534,000
$30K PRICE DROP

5813 E 23rd St Tucson, AZ 85711

Corbett Neighborhood

Estimated payment $3,368/month

Total Views 2,724
-- Bed
-- Bath
2,906 Sq Ft
$184 Price per Sq Ft

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.

Listing Agent

Anthony Dee

OMNI Homes International Listed on: 04/02/2026

OMNI Homes International

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1976

Lot Details

  • 14,244 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

Property Details

Home Type

Multi-Family

Year Built

Built in 1976

Lot Details

0.33 Acres

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Quadruplex
  • Unit Info Average Monthly Rent Two Bedroom: 1100.0
  • Horses: No
  • Lot Size: 00x00
  • Road Surface Type: Paved
  • CapRate: -8.08
  • Co List Office Mls Id: 5791
  • Subdivision Name: N/A
  • General Property Information: List Price/SqFt: 183.76
  • General Property Information: Lot Size Price/SqFt: 37.49
  • Special Features: None

Interior Features

  • Interior Amenities: Walk-In Closet(s)
  • Kitchen Features Oven: Electric
  • Appliances: Refrigerator

Exterior Features

  • ExteriorFeatures: None
  • Roof: Built-Up - Reflect
  • View: None
  • Construction Type: Wood Frame
  • Patio And Porch Features: Covered

Utilities

  • Electric Electric Company: TEP
  • Utilities: Sewer Connected
  • Laundry Features: Outside
  • Cooling: Central Air
  • Heating Yn: Yes
  • Water Source: Public

Fee Information

  • Expenses Capital Expenses: 40000.0
  • Expenses Figures Presented: Proforma
  • Expenses Taxes Assessments: 5795.0

Schools

  • Junior High Dist: TUSD
  • Middle Or Junior School: Vail

Lot Info

  • Lot Features: East/West Exposure, Shrubs
  • Lot Size Sq Ft: 14244.0
  • Zoning: Tucson - R2

Building Info

  • Year Built: 1976

Rental Info

  • Utilities Paid Landscaping: Owner
  • Utilities Paid Trash: Owner

Tax Info

  • Tax Year: 2025
  • New Taxes Expense: 5795.0

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 3960.0
  • Insurance Expense: 3743.0
  • Property Net Operating Income: -45578.0
  • Annual Operating Expense: 49538.0

MLS Schools

  • Elementary School: Wheeler
  • High School: Palo Verde

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
04/17/2026 04/17/26 Price Changed $534,000 -5.3% $184 / Sq Ft
04/02/2026 04/02/26 For Sale $564,000 -- $194 / Sq Ft
Source: MLS of Southern Arizona

Source: MLS of Southern Arizona

MLS Number: 22608649

MLS of Southern Arizona
Arizona Pima County Tucson 85711 Corbett

5813 E 23rd St, Tucson, AZ

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MLS of Southern Arizona 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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Listing Agent
Anthony Dee
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OMNI Homes International
(520) 447-4498
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