Tenant-Occupied Fourplex Investment
2240 Webster Street, North Las Vegas, NV 89030
MULTI_FAMILY - Other - North Las Vegas, NV
Property size:
2,790 SFLot size:
0.19 AcresPrice / SF:
$215/SF- Added:
- Mar 17, 2026
- Days on Market:
- 78
- Last Refresh:
- Jun 2 at 6:06 pm
Property Features for 2240 Webster Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Standard status
- Active
- APN
- 139-24-110-066
- Size
- 2,790 SF
- Lot size
- 0.19 Acres
Taxes and HOA fees
- Tax Annual Amount
- 1516
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1970
- Floors in Building
- 1
- Number of units
- 4
- Flooring type
- Tile
- Building materials
- Stucco
- Roof type
- Tile
- Architectural style
- Other
Listing agent Michelle Bush License #BS.0143935 (702) 872-3375
Listing office Keller Williams VIP 123 S Water St, Las Vegas, NV (702) 640-0643
Listing date Mar 17, 2026
MLS# 2765103
Listing URL
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.
HighLights
- Fully tenant‑occupied fourplex provides immediate cash flow.
- Four 2‑bedroom, 1‑bath units offer a functional layout.
- Ideally located in North Las Vegas with convenient access to amenities and major freeways.
- Strong rental demand in the area.
- Durable stucco construction with tile flooring and roof.
- Central air conditioning and natural gas heating.
Overview
This tenant-occupied fourplex presents an investment opportunity, offering immediate cash flow. The property consists of four units, each featuring two bedrooms and one bathroom. The units provide functional layouts that include living areas, bedrooms, and kitchen spaces. Situated in North Las Vegas, the location provides convenient access to shopping, dining, schools, and major freeways. The property is located on a lot of approximately 0.19 acres. The building has a size of 2790 square feet. The location and unit features may be attractive to long-term tenants. The property's location in a growing market may appeal to investors looking to expand their portfolio.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $48.5k | $17.40 |
| − Vacancy | −$3.2k | −$1.13 |
| EGI | $45.4k | $16.27 |
| − OpEx | −$13.6k | −$4.88 |
| NOI | $31.8k | $11.39 |
2,790 SF · lease $17.40/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$453.9K
$397.2K – $529.6K
NOI $31,773 @ 7.0% cap · market cap 5.30%
Second Best
Apartment 5plus
$419.5K
$367.0K – $489.4K
NOI $29,363 @ 7.0% cap · market cap 4.89%
Theoretical Best
Office A
$755.0K
$660.7K – $880.9K
NOI $52,852 @ 7.0% cap · market cap 8.81%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Location Insight
- Map
- Local Demand
- City
- North Las Vegas
- County
- Clark
- State
- Nevada
- Longitude
- -115.114352
- Latitude
- 36.201096
Nearby Similar for Sale
FAQs
What type of property is this?
Quadplex - Fully occupied fourplex in North Las Vegas with immediate cash flow.
Where is this quadplex located?
The property is located at 2240 Webster Street North Las Vegas, NV.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: Fully tenant‑occupied fourplex provides immediate cash flow.; Four 2‑bedroom, 1‑bath units offer a functional layout.; Ideally located in North Las Vegas with convenient access to amenities and major freeways.
