4-Unit Quadplex with
New
For Sale
$1,250,000
2977 Duxbury Drive, Henderson, NV 89052
Residential, Henderson, NV
Property Size4,653 SF
Lot Size0.26 Acres
Price / SF$268.64
Days on Market3
Property Features for 2977 Duxbury Drive
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking features
Garage
Window features
Blinds
Patio and Porch features
Patio
Interior features
Ceiling Fan(s), Window Treatments
Appliances
Dryer, Dishwasher, Disposal, Gas Water Heater, Microwave, Oven, Range, Refrigerator, Washer
Subdivision
Hillcrest
Elementary school
,
Directions
Between Seven Hills and Sunridge Heights Major cross streets are Jeffreys St. and Saint Rose Parkway
Standard status
Active
APN
177-36-211-014
Size
4,653 SF
Lot size
0.26 Acres
Taxes and HOA fees
Tax Annual Amount
7112
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
2002
Floors in Building
2
Number of units
4
Building materials
Stucco, Wood Frame
Roof type
Tile
Architectural style
Other
Listing Agency:
Elite Realty
(702) 835-5255
Listed By:
Susan T. Wright · License #BS.0035552
(702) 218-0980
Added: Sep 24
Changed: Sep 25
Last Checked: Sep 26 at 9:06AM
MLS# 2820543
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 4,653-square-foot quadplex contains four two-story residences, each with an attached two-car garage and 2.5 bathrooms. The property was built in 2002 and occupies a 0.26-acre parcel. Interior features include ceiling fans and window treatments; each residence is equipped with a washer, dryer, dishwasher, range, oven, microwave, refrigerator, and disposal. Central heating and air conditioning serve the building.
An on-site rental manager and maintenance staff support property operations. The site has public water and sewer service, tile roofing, stucco and wood-frame construction, and patios.
An on-site rental manager and maintenance staff support property operations. The site has public water and sewer service, tile roofing, stucco and wood-frame construction, and patios.
Key Highlights
- Four residences, each arranged over two stories
- Each unit has an attached 2‑car garage and 2.5 bathrooms
- 4,653 square feet on a 0.26‑acre lot
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
$60,944
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
4.88%
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%
$1,218,880
$1.2M
Cap Rate 7%
$870,629
$870.6K
Cap Rate 9%
$677,156
$677.2K
Market Conditions
NOI Build-Up for 4,653 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
$92.1K $19.80/SF
− Vacancy
−$5.1K −$1.09/SF
EGI
$87.1K $18.71/SF
− OpEx
−$26.1K −$5.61/SF
NOI
$60.9K $13.10/SF
Area
ZIP 89052
Vacancy
5.50%
Lease Rate
$19.80 /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%
$1,218,880
Cap Rate 7%
$870,629
Cap Rate 9%
$677,156
Alternative Uses
Best Use
Multifamily LT 5
$870.6K
$761.8K – $1.02M
NOI $60,944 @ 7.0% cap · market cap 4.88%
Second Best
Apartment 5plus
$808.5K
$707.5K – $943.3K
NOI $56,598 @ 7.0% cap · market cap 4.53%
Theoretical Best
Specialty Retail
$1.63M
$1.43M – $1.90M
NOI $114,098 @ 7.0% cap · market cap 9.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,791
Businesses Nearby
Explore this area
Business Placement
Demographics for 89052, NV
59,987
Population
26,456
Households
2.3
Avg Household Size
46
Median Age
47%
College-Educated
96%
High-School Grad
16.3 sq mi
ZIP Area
3,680
Density / Sq Mi
$98,462
Median Household Income
$57,772
Median Earnings
$1,938
Median Rent
$595,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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 - Each residence spans two levels and includes an attached garage and 2.5 bathrooms.
Where is this quadplex located?
The property is located at 2977 Duxbury Drive Henderson, NV.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Four residences, each arranged over two stories; Each unit has an attached 2‑car garage and 2.5 bathrooms; 4,653 square feet on a 0.26‑acre lot
