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    718 W Wilson Ave Las Vegas, NV 89106

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    For Sale
    $599,000

    Fully occupied, upgraded quadplex near Downtown Las Vegas with high rents.

    Lot size:
    0.16 Acres

    Property Features for 718 W Wilson Ave

    General Information

    Lot size
    0.16 Acres

    Building Details

    Year built
    1963

    Source: Northcap Residential Agent Audrey R. Few

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Income-Producing Quadplex in Opportunity Zone

    This income-producing quadplex is located in a designated Opportunity Zone. The property features four one-bedroom, one-bathroom units, each fully upgraded within the last two years. Upgrades include modern interiors, updated kitchens and bathrooms, and new flooring. Major systems have been improved, including newer AC units and updated plumbing. Enhanced wrought-iron fencing with coded gates has been installed for security. The property and grounds have been cleared and improved, including a fenced adjacent lot. The building is fully occupied with long-term tenants paying approximately 30% above market rents. It offers steady income and low vacancy. The property is located minutes from Downtown Las Vegas and the Arts District, offering high rental demand and growth potential. It is suitable for 1031 exchanges or portfolio additions.
    Location Intelligence

    Current Use by Public Records

    Helicopter tour Las ... Sightseeing Tour Agency

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Las Vegas
    County
    Clark
    State
    Nevada
    Longitude
    -115.1514419
    Latitude
    36.1784986

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    FAQs

    What type of property is this?
    Quadplex - Fully occupied, upgraded quadplex near Downtown Las Vegas with high rents.
    Where is this quadplex located?
    The property is located at 718 W Wilson Ave Las Vegas, NV.
    What is the asking price?
    The asking price for this property is $599,000.
    What are key features of this property?
    This property features: - Fully occupied quadplex generating ~30% above market rents with long-term tenants, ensuring strong cash flow.; - Located in a designated Opportunity Zone, offering potential tax benefits for investors.; - **Recently upgraded units (kitchens, baths, flooring) and major systems (ACs, plumbing) minimize maintenance and maximize tenant appeal.**
    (702) 763-6786
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    718 W Wilson Ave Las Vegas, NV 89106
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    Las Vegas, NV 89106
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    718 W Wilson Ave Las Vegas, NV 89106
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