Quadplex with Private
For Sale
$850,000
6220 Bellota Drive, Las Vegas, NV 89108
Residential, Las Vegas, NV
Property Size4,052 SF
Lot Size0.17 Acres
Price / SF$209.77
Days on Market13
Property Features for 6220 Bellota Drive
General Information
Property type
Residential Multi Family
Property subtype
Other
Appliances
Dryer, Exhaust Fan, Disposal, Oven, Range, Refrigerator, Range Hood, Washer
Subdivision
Sierra Oeste
Elementary school
,
Directions
From Jones and Lake Mead, head West on Lake Mead, South on Arpa Wy, West on Bellota
Standard status
Active
APN
138-23-710-027
Size
4,052 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Annual Amount
3084
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Central Air
Water source
Public
Amenities
brick fireplace
private laundry rooms
separate storage
private back yard
closed circuit cameras
Building Details
Year built
1984
Floors in Building
2
Number of units
4
Flooring type
Tile, Carpet
Building materials
Stucco, Wood Frame
Roof type
Composition, Shingle
Architectural style
Other
Listing Agency:
Realty ONE Group, Inc
(702) 898-1010
Listed By:
Alan F. Wheelock · License #S.0062633
(702) 378-1339
Added: Sep 15
Changed: Sep 25
Last Checked: Sep 27 at 2:06PM
MLS# 2819084
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 four-unit residential property contains 4,052 square feet on a 0.17-acre lot. Each residence includes three bedrooms and two full bathrooms, with tiled and laminate living areas, a brick fireplace, and a kitchen equipped with a microwave, stove/oven, refrigerator, and countertops. Private laundry rooms serve each unit, while separate storage areas are located along the east side of the building.
The exterior provides an enclosed backyard secured by block wall and brick fencing. Closed-circuit cameras are installed throughout the property. Additional features include central heating and cooling, public water and sewer service, stucco and wood-frame construction, and a composition shingle roof. The property is near major shopping, public transportation, and restaurants in Las Vegas.
The exterior provides an enclosed backyard secured by block wall and brick fencing. Closed-circuit cameras are installed throughout the property. Additional features include central heating and cooling, public water and sewer service, stucco and wood-frame construction, and a composition shingle roof. The property is near major shopping, public transportation, and restaurants in Las Vegas.
Key Highlights
- Four‑unit property with 4,052 square feet of building area
- Situated on a 0.17‑acre lot
- Each unit offers 3 bedrooms and 2 full bathrooms
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
$53,240
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
6.26%
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%
$1,064,800
$1.1M
Cap Rate 7%
$760,571
$760.6K
Cap Rate 9%
$591,556
$591.6K
Market Conditions
NOI Build-Up for 4,052 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
$80.2K $19.80/SF
− Vacancy
−$4.2K −$1.03/SF
EGI
$76.1K $18.77/SF
− OpEx
−$22.8K −$5.63/SF
NOI
$53.2K $13.14/SF
Area
ZIP 89108
Vacancy
5.20%
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%
$1,064,800
Cap Rate 7%
$760,571
Cap Rate 9%
$591,556
Alternative Uses
Best Use
Multifamily LT 5
$760.6K
$665.5K – $887.3K
NOI $53,240 @ 7.0% cap · market cap 6.26%
Second Best
Apartment 5plus
$682.3K
$597.0K – $796.1K
NOI $47,763 @ 7.0% cap · market cap 5.62%
Theoretical Best
Office A
$1.37M
$1.20M – $1.60M
NOI $95,994 @ 7.0% cap · market cap 11.29%
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
591
Businesses Nearby
Explore this area
Business Placement
Demographics for 89108, NV
73,637
Population
28,377
Households
2.6
Avg Household Size
35
Median Age
15%
College-Educated
80%
High-School Grad
8.9 sq mi
ZIP Area
8,274
Density / Sq Mi
$57,403
Median Household Income
$36,383
Median Earnings
$1,431
Median Rent
$304,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit residential income property with private laundry rooms, individual storage, enclosed outdoor space, and central HVAC.
Where is this quadplex located?
The property is located at 6220 Bellota Drive Las Vegas, NV.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Four‑unit property with 4,052 square feet of building area; Situated on a 0.17‑acre lot; Each unit offers 3 bedrooms and 2 full bathrooms
