Four-Unit Quadplex
New
For Sale
$660,000
1805 Moser Drive, Henderson, NV 89011
MULTI_FAMILY - Other - Henderson, NV
Property Size1,882 SF
Lot Size0.18 Acres
Price / SF$350.69
Days on Market2
Property Features for 1805 Moser Drive
General Information
Property type
Residential Multi Family
Property subtype
Other
Window features
Blinds
Patio and Porch features
Patio
Interior features
Window Treatments
Exterior features
Private Yard
Appliances
Exhaust Fan, Oven, Range, Refrigerator, Range Hood
Subdivision
Midway City Amd Map Jericho
Elementary school
,
Directions
From I-95 and Sunset Rd - East on Sunset Rd - Past Boulder Highway - Right on Moser Dr - Past Jefferson Blvd - Property on the Right.
Standard status
Active
APN
178-01-210-123
Size
1,882 SF
Lot size
0.18 Acres
Taxes and HOA fees
Tax Annual Amount
1241
Utilities
Sewer type
Public Sewer
Heating system
Central, Natural Gas
Cooling system
Central Air, Window Unit(s)
Water source
Public
Building Details
Year built
1940
Floors in Building
1
Number of units
4
Flooring type
Tile, Carpet
Building materials
Stucco
Roof type
Composition, Shingle
Architectural style
Other
Listing Agency:
Executive Realty Services
(702) 278-8871
Listed By:
Justin Bezanski · License #S.0184531
(702) 885-3013
Added: Aug 11
Changed: Aug 12
Last Checked: Aug 12 at 8:06AM
MLS# 2808054
Copyright © 2026 Las Vegas REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This quadplex property consists of two duplexes totaling four units, with 1,882 square feet of building area on a 0.18-acre lot. The improvements date to 1940 and feature stucco construction, composition and shingle roofing, tile and carpet flooring, and patio space. Interior components include window treatments, ovens, ranges, refrigerators, range hoods, and exhaust fans. Heating is provided by central systems using natural gas, while cooling includes central air and window units.
The property is located at 1805 Moser Drive in Henderson, Nevada, within ZIP code 89011. Public water and public sewer serve the site. The surrounding area includes schools, shopping, restaurants, parks, entertainment, everyday services, freeway access, and connections to major roadways serving Henderson and the greater Las Vegas Valley.
The property is located at 1805 Moser Drive in Henderson, Nevada, within ZIP code 89011. Public water and public sewer serve the site. The surrounding area includes schools, shopping, restaurants, parks, entertainment, everyday services, freeway access, and connections to major roadways serving Henderson and the greater Las Vegas Valley.
Key Highlights
- Four total units configured as two duplexes
- 1,882 square feet of building area on a 0.18‑acre lot
- Private yard and patio features
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$21,589
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.27%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$431,780
$431.8K
Cap Rate 7%
$308,414
$308.4K
Cap Rate 9%
$239,878
$239.9K
Market Conditions
NOI Build-Up for 1,882 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$32.3K $17.16/SF
− Vacancy
−$1.5K −$0.77/SF
EGI
$30.8K $16.39/SF
− OpEx
−$9.3K −$4.92/SF
NOI
$21.6K $11.47/SF
Area
ZIP 89011
Vacancy
4.50%
Lease Rate
$17.16 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$431,780
Cap Rate 7%
$308,414
Cap Rate 9%
$239,878
Alternative Uses
Best Use
Multifamily LT 5
$308.4K
$269.9K – $359.8K
NOI $21,589 @ 7.0% cap · market cap 3.27%
Second Best
Apartment 5plus
$277.7K
$243.0K – $324.0K
NOI $19,437 @ 7.0% cap · market cap 2.95%
Theoretical Best
Specialty Retail
$696.9K
$609.8K – $813.0K
NOI $48,781 @ 7.0% cap · market cap 7.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
404
Businesses Nearby
Explore this area
Business Placement
Demographics for 89011, NV
34,456
Population
15,505
Households
2.2
Avg Household Size
40
Median Age
37%
College-Educated
90%
High-School Grad
16.5 sq mi
ZIP Area
2,088
Density / Sq Mi
$93,881
Median Household Income
$46,604
Median Earnings
$1,725
Median Rent
$458,700
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Two duplexes create a compact multi-unit configuration with private yard space in Henderson.
Where is this quadplex located?
The property is located at 1805 Moser Drive Henderson, NV.
What is the asking price?
The asking price for this property is $660,000.
What are key features of this property?
This property features: Four total units configured as two duplexes; 1,882 square feet of building area on a 0.18‑acre lot; Private yard and patio features
