Six-Unit Apartment
For Sale
$498,000
736 N 10th Street, Las Vegas, NV 89101
Residential, Las Vegas, NV
Property Size2,592 SF
Lot Size0.16 Acres
Price / SF$192.13
Days on Market212
Property Features for 736 N 10th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Subdivision
Stewart Add
Elementary school
,
Directions
Exit Las Vegas blvd from US 95, L on Las Vegas blvd, R opn Bonanza, L on N 10th Property at end of street on the right
Standard status
Active
APN
139-26-410-103
Size
2,592 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Annual Amount
1350
Utilities
Sewer type
Public Sewer
Heating system
Zoned, Electric (Heating)
Cooling system
Central Air, Window Unit(s)
Water source
Public
Amenities
on-site laundry room
Building Details
Year built
1955
Floors in Building
1
Number of units
4
Flooring type
Tile - Ceramic
Building materials
Stucco
Roof type
Shingle, Composition
Architectural style
Other
Listing Agency:
Keller Williams MarketPlace · Keller Williams Realty
(702) 939-0000
Listed By:
Richard J. Brenkus · License #BS.0016186
(702) 752-0044
Added: Feb 3
Changed: Aug 19
Last Checked: Sep 3 at 6:06AM
MLS# 2753390
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 2,592-square-foot apartment property contains six units, including four one-bedroom, one-bath residences and two studio units. Built in 1955, the building features stucco construction, ceramic tile flooring, central air, window units, and zoned electric heating. An on-site laundry room serves the property.
The 0.16-acre property is located at 736 N 10th Street in Las Vegas, Nevada 89101. Public water and public sewer support the building, while the roof consists of shingle and composition materials.
The 0.16-acre property is located at 736 N 10th Street in Las Vegas, Nevada 89101. Public water and public sewer support the building, while the roof consists of shingle and composition materials.
Key Highlights
- Six total units: four one‑bedroom, one‑bath units and two studios
- 2,592 square feet on 0.16 acres
- On‑site laundry room
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
$27,570
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
5.54%
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%
$551,400
$551.4K
Cap Rate 7%
$393,857
$393.9K
Cap Rate 9%
$306,333
$306.3K
Market Conditions
NOI Build-Up for 2,592 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
$52.9K $20.40/SF
− Vacancy
−$2.7K −$1.06/SF
EGI
$50.1K $19.34/SF
− OpEx
−$22.6K −$8.70/SF
NOI
$27.6K $10.64/SF
Area
Las Vegas, NV
Vacancy
5.20%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
45.00%
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%
$551,400
Cap Rate 7%
$393,857
Cap Rate 9%
$306,333
Alternative Uses
Best Use
Apartment 5plus
$393.9K
$344.6K – $459.5K
NOI $27,570 @ 7.0% cap · market cap 5.54%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$895.6K
$783.7K – $1.04M
NOI $62,695 @ 7.0% cap · market cap 12.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
1,830
Businesses Nearby
Explore this area
Business Placement
Demographics for 89101, NV
42,465
Population
18,258
Households
2.3
Avg Household Size
35
Median Age
11%
College-Educated
66%
High-School Grad
5.4 sq mi
ZIP Area
7,864
Density / Sq Mi
$38,653
Median Household Income
$29,471
Median Earnings
$1,008
Median Rent
$258,100
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?
Apartment building - Four one-bedroom residences and two studios share an on-site laundry room.
Where is this apartment building located?
The property is located at 736 N 10th Street Las Vegas, NV.
What is the asking price?
The asking price for this property is $498,000.
What are key features of this property?
This property features: Six total units: four one‑bedroom, one‑bath units and two studios; 2,592 square feet on 0.16 acres; On‑site laundry room
