Downtown Las Vegas Multifamily
For Sale
$799,999
300 N 14th St, Las Vegas, NV 89101
Four units in downtown Las Vegas with recent upgrades.
Property Size3,332 SF
Lot Size0.14 Acres
Days on Market269
Property Features for 300 N 14th St
General Information
Standard status
Active
Size
3,332 SF
Lot size
0.14 Acres
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$836
Building Details
Building Size
3,332 SF
Year Built
1946
Stories
1
Units
4
Listing Agency:
(702) 542-7797
Listed By:
Cristian Vasquez Campos
(702) 542-7797
Source:
Elliman
Added: Dec 3, 2025
Changed: Aug 15
Last Checked: Aug 26 at 9:03AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Cristian Vasquez Campos
Investment Insights
Based on property information with market context.
Located in downtown Las Vegas, this property features four units. There are two one-bedroom, one-bathroom residences and two two-bedroom, one-bathroom homes. Upgrades include new AC units, water heaters, windows, and a roof. The property is located in the 89101 zip code.
Key Highlights
- Four units: two 1‑bedroom/1‑bathroom and two 2‑bedroom/1‑bathroom residences.
- Recent premium upgrades: new AC units, water heaters, windows, and roof.
- Located in downtown Las Vegas (89101 zip code).
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
$38,352
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
4.79%
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%
$767,040
$767.0K
Cap Rate 7%
$547,886
$547.9K
Cap Rate 9%
$426,133
$426.1K
Market Conditions
NOI Build-Up for 3,332 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
$58.0K $17.40/SF
− Vacancy
−$3.2K −$0.96/SF
EGI
$54.8K $16.44/SF
− OpEx
−$16.4K −$4.93/SF
NOI
$38.4K $11.51/SF
Area
Las Vegas, NV
Vacancy
5.50%
Lease Rate
$17.40 /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%
$767,040
Cap Rate 7%
$547,886
Cap Rate 9%
$426,133
Alternative Uses
Best Use
Multifamily LT 5
$547.9K
$479.4K – $639.2K
NOI $38,352 @ 7.0% cap · market cap 4.79%
Second Best
Apartment 5plus
$506.3K
$443.0K – $590.7K
NOI $35,441 @ 7.0% cap · market cap 4.43%
Theoretical Best
Specialty Retail
$1.15M
$1.01M – $1.34M
NOI $80,594 @ 7.0% cap · market cap 10.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,334
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?
Quadplex - Four units in downtown Las Vegas with recent upgrades.
Where is this quadplex located?
The property is located at 300 N 14th St Las Vegas, NV.
What is the asking price?
The asking price for this property is $799,999.
What are key features of this property?
This property features: Four units: two 1‑bedroom/1‑bathroom and two 2‑bedroom/1‑bathroom residences.; Recent premium upgrades: new AC units, water heaters, windows, and roof.; Located in downtown Las Vegas (89101 zip code).
