Fourplex With On-Site
For Sale
$650,000
4783 Corsaire Avenue, Las Vegas, NV 89115
Residential, Las Vegas, NV
Property Size3,468 SF
Lot Size0.28 Acres
Price / SF$187.43
Days on Market84
Property Features for 4783 Corsaire Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Appliances
Oven, Range
Subdivision
Puebla Estate
Elementary school
,
Directions
From Craig and lamb, Go East and south on Puebla to corsaire
Standard status
Active
APN
140-05-710-023
Size
3,468 SF
Lot size
0.28 Acres
Taxes and HOA fees
Tax Annual Amount
1562
Utilities
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Central Air
Water source
Public
Amenities
coin-operated laundry
Building Details
Year built
1983
Floors in Building
2
Number of units
1
Flooring type
Tile - Ceramic
Building materials
Stucco
Roof type
Shake
Architectural style
Other
Listing Agency:
Real Broker LLC
(855) 450-0442
Listed By:
Andres Ibarra · License #S.0043349
(702) 236-4743
Added: Jun 7
Changed: Aug 19
Last Checked: Aug 29 at 3:06AM
MLS# 2789649
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 fourplex contains four two-bedroom, one-bath units within a 3,468-square-foot building constructed in 1983. The corner property includes shared coin-operated laundry, ceramic tile flooring, stucco construction, and a shake roof. Heating is provided by central electric systems, with central air conditioning throughout. Each unit includes an oven and range.
The property occupies 0.28 acres in Las Vegas, with public water and public sewer service. Existing tenants are on month-to-month arrangements, providing a flexible tenancy structure for ownership review.
The property occupies 0.28 acres in Las Vegas, with public water and public sewer service. Existing tenants are on month-to-month arrangements, providing a flexible tenancy structure for ownership review.
Key Highlights
- Four two‑bedroom, one‑bath units
- 3,468‑square‑foot building on 0.28 acres
- 1983 construction with stucco exterior and shake roof
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
$37,282
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
5.74%
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%
$745,640
$745.6K
Cap Rate 7%
$532,600
$532.6K
Cap Rate 9%
$414,244
$414.2K
Market Conditions
NOI Build-Up for 3,468 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
$56.2K $16.20/SF
− Vacancy
−$2.9K −$0.84/SF
EGI
$53.3K $15.36/SF
− OpEx
−$16.0K −$4.61/SF
NOI
$37.3K $10.75/SF
Area
ZIP 89115
Vacancy
5.20%
Lease Rate
$16.20 /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%
$745,640
Cap Rate 7%
$532,600
Cap Rate 9%
$414,244
Alternative Uses
Best Use
Multifamily LT 5
$532.6K
$466.0K – $621.4K
NOI $37,282 @ 7.0% cap · market cap 5.74%
Second Best
Apartment 5plus
$491.8K
$430.4K – $573.8K
NOI $34,428 @ 7.0% cap · market cap 5.30%
Theoretical Best
Office A
$1.04M
$907.2K – $1.21M
NOI $72,578 @ 7.0% cap · market cap 11.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
487
Businesses Nearby
Explore this area
Business Placement
Demographics for 89115, NV
67,043
Population
21,670
Households
3.1
Avg Household Size
29
Median Age
9%
College-Educated
70%
High-School Grad
24.9 sq mi
ZIP Area
2,692
Density / Sq Mi
$49,648
Median Household Income
$32,198
Median Earnings
$1,294
Median Rent
$258,900
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Corner property with four two-bedroom units, month-to-month tenancy, and shared coin-operated laundry.
Where is this quadplex located?
The property is located at 4783 Corsaire Avenue Las Vegas, NV.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Four two‑bedroom, one‑bath units; 3,468‑square‑foot building on 0.28 acres; 1983 construction with stucco exterior and shake roof
