Two-Story Fourplex with 1-Bed
6432 Casada Way Las Vegas, NV 89107
6432 Casada Way, Las Vegas, NV, 89107
$520,000
Pending
For Sale
$520,000
Pending
Fully occupied fourplex configured as four one-bedroom, one-bath units across two stories, offering straightforward income-property operations.
Property Size2,808 SF
Lot Size0.17 Acres
Days on Market50
Property Features for 6432 Casada Way
General Information
- Standard status
- Pending
- Size
- 2,808 SF
- Lot size
- 0.17 Acres
- Property subtype
- Multi Family
Building Details
- Year Built
- 1963
Listing agency
Berkshire Hathaway HomeServices Nevada Properties
(702) 355-1838
Listed by
Celine Florella-Mendy · License #S.0173156
(702) 355-1838
Source
Elliman
Added: Jun 3 Updated: Jul 10 at 1:51PM Checked: Jul 21 at 6:46AM
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 Berkshire Hathaway HomeServices Nevada Properties
Investment Insights
Based on property information with market context.
This two-story fourplex totals 2,808 square feet and is arranged to support functional privacy across the four units. The building provides four bedrooms and four full bathrooms, with each unit featuring one bedroom and one full bathroom. As a residential income property, the configuration supports a consistent tenant layout and simplifies unit management.
The property sits on a 0.17-acre lot in the 89107 area of Las Vegas. While details of specific nearby anchors are not provided, the provided walkScore is 58 (somewhat walkable) and bikeScore is 51 (bikeable), with a transitScore of 39 (some transit), indicating moderate access to daily conveniences and transportation options.
For buyers or operators seeking a small multifamily asset, the fully occupied status of the fourplex can support immediate operational continuity. The repeating one-bedroom, one-bath unit layout can appeal to tenants looking for a manageable floor plan, and the property’s two-story structure provides a compact footprint on its lot. Additional improvements may be considered, based on the buyer’s goals for refreshing the asset and optimizing its condition.
The property sits on a 0.17-acre lot in the 89107 area of Las Vegas. While details of specific nearby anchors are not provided, the provided walkScore is 58 (somewhat walkable) and bikeScore is 51 (bikeable), with a transitScore of 39 (some transit), indicating moderate access to daily conveniences and transportation options.
For buyers or operators seeking a small multifamily asset, the fully occupied status of the fourplex can support immediate operational continuity. The repeating one-bedroom, one-bath unit layout can appeal to tenants looking for a manageable floor plan, and the property’s two-story structure provides a compact footprint on its lot. Additional improvements may be considered, based on the buyer’s goals for refreshing the asset and optimizing its condition.
Key Highlights
- Fully occupied fourplex with four 1‑bedroom, 1‑bath units across two stories
- 4 bedrooms and 4 full bathrooms total; each unit features 1 bedroom and 1 bathroom
- 2,808 sq ft total living area
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $48.9k | $17.40 |
| − Vacancy | −$2.7k | −$0.96 |
| EGI | $46.2k | $16.44 |
| − OpEx | −$13.9k | −$4.93 |
| NOI | $32.3k | $11.51 |
2,808 SF · lease $17.40/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$461.7K
$404.0K – $538.7K
NOI $32,320 @ 7.0% cap · market cap 6.22%
Second Best
Apartment 5plus
$426.7K
$373.3K – $497.8K
NOI $29,867 @ 7.0% cap · market cap 5.74%
Theoretical Best
Specialty Retail
$970.3K
$849.0K – $1.13M
NOI $67,920 @ 7.0% cap · market cap 13.06%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Quadplex - Fully occupied fourplex configured as four one-bedroom, one-bath units across two stories, offering straightforward income-property operations.
Where is this quadplex located?
The property is located at 6432 Casada Way Las Vegas, NV.
What is the asking price?
The asking price for this property is $520,000.
What are key features of this property?
This property features: Fully occupied fourplex with four 1‑bedroom, 1‑bath units across two stories; 4 bedrooms and 4 full bathrooms total; each unit features 1 bedroom and 1 bathroom; 2,808 sq ft total living area
