The Excellence of living in Wrapche

Bungalow

5813 E 23rd Street

Tucson, AZ 85711

MLS#: 22608649

$534,000

Status: Active
Listing number: 22608649
Listing provided by: OMNI Homes International
Listing agent phone: None
Last update: a month ago
On site: a month ago
Browse Properties
N/A - Residential Income

Property

Beds

None

Full Baths

None

1/2 Baths

None

Year Built

1976

Sq.Footage

2,906

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.

Features & Amenities

Interior

  • Other Interior Features

    Walk-In Closet(s), High Speed Internet

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

  • Cooling YN

    YES

  • Cooling

    Central Air

  • Heating YN

    YES

  • Heating

    Forced Air

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Construction Materials

    Frame

  • Other Exterior Features

    None

  • Patio and Porch Features

    Covered

  • Pool

    No

  • View

    None

Area & Lot

  • Lot Features

    Few Trees

  • Lot Size(acres)

    0.33

  • Lot Size(square feet)

    37.49

  • Property Type

    Residential Income

  • Property Sub Type

    Quadruplex

  • Architectural Style

    Bungalow

Price

  • Sales Price

    $534,000

  • Sq. Footage

    2, 906

  • Price/SqFt

    $183

HOA

  • Association

    No

School District

  • Elementary School

    Wheeler

  • Middle School

    Vail

  • High School

    Palo Verde

Property Features

  • Senior Community YN

    NO

  • Water Source

    Public

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Location

County

Pima

Elementary School

Wheeler

Middle School

Vail

High School

Palo Verde

Listing Courtesy of Anthony Dee , OMNI Homes International

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Agent Franko Maric

AGENT

Franko Maric

Call Franko today to schedule a private showing.

(341) 209-1143

franko+wrapche@init.hr


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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.

5813 E 23rd Street

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