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    5653-5659 E 28Th St Tucson, AZ 85711

    Sponsored
    For Sale
    $465,000

    MULTI_FAMILY - Bungalow - Tucson, AZ

    Property size:
    2,600 SF
    Lot size:
    0.29 Acres
    Days on Market:
    21
    Last Refresh:
    Jan 23 at 2:06 am

    Property Features for 5653-5659 E 28Th St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Tucson - R2
    APN
    131-09-195B
    Parking
    10
    Exterior features
    Courtyard
    Fencing
    Chain Link
    Appliances
    Electric Range, Refrigerator
    Size
    2,600 SF
    Lot size
    0.29 Acres

    Building Details

    Year built
    1977
    Number of units
    4
    Flooring type
    Tile - Ceramic, Vinyl, Carpet
    Building materials
    Frame - Stucco
    Roof type
    Shingle
    Architectural style
    Bungalow

    We can help!

    Listing Contact
    Brian Dodge

    Omni Homes International (520) 406-0000 [email protected]

    Listing agent Brian Dodge (520) 440-6672

    Listing date Jan 3, 2026

    MLS# 22527743 Listing URL

    Copyright © 2026 Multiple Listing Service of Southern Arizona. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Tucson Fourplex with Central Courtyard

    This fourplex in Tucson, Arizona, presents an investment opportunity with proximity to bus lines, grocery stores, entertainment, and restaurants. The property features a large central courtyard with mature landscaping and shade. A separate pay laundry facility is available, offering potential for additional revenue. Parking is available in front of the units. Recent updates across the units include new flooring and paint. Unit 5653 features new flooring, paint and a refrigerator installed in 2024, along with mini-splits from 2020. Unit 5655 includes new flooring and paint installed in 2025, a refrigerator and mini-splits from 2020, and a new water heater from 2024. Unit 5657 had roof work completed in 2023, a mini-split installed in one room and the main electrical panel upgraded in 2024, and a new water heater and window AC installed in 2025. Unit 5659 features new paint, refinished kitchen cabinets with new pulls, and new light fixtures, all installed in 2025. Half of the complex received a new roof in 2020. A new commercial-grade washer and dryer with income-generating capabilities were installed in 2025, along with a new electronic locking mechanism added to the front gate in 2025 to restrict access to tenants and their guests. The property also includes the vacant lot to the east. The property is zoned Tucson - R2 and has a lot size of 0.29 acres. The property size is 2600 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Tucson
    County
    Pima
    State
    Arizona
    Longitude
    -110.871245
    Latitude
    32.20131

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    FAQs

    What type of property is this?
    Quadplex - Fourplex with mature landscaping, recent updates, and income potential.
    Where is this quadplex located?
    The property is located at 5653-5659 E 28Th St Tucson, AZ.
    What is the asking price?
    The asking price for this property is $465,000.
    What are key features of this property?
    This property features: - Income-generating 4-plex in a highly convenient location near bus lines, grocery stores, entertainment, and restaurants.; - Recent updates across multiple units, including new flooring, paint, refrigerators, mini-splits, and water heaters.; - On-site pay laundry facility provides additional revenue stream.
    (520) 440-6672
    Request Owner's contact information
    5653-5659 E 28Th St Tucson, AZ 85711
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    Tucson, AZ 85711
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5653-5659 E 28Th St Tucson, AZ 85711
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    We can help!
    Listing Contact
    Brian Dodge
    (520) 440-6672
    Learn more
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