Updated Four-Unit
For Sale
$720,000
126 E 1st North St, Mesquite, NV 89027
Four two-bedroom residences feature refreshed interiors, storage units, and individually metered tenant power.
Property Size3,080 SF
Price / SF$233.77
Days on Market164
Property Features for 126 E 1st North St
General Information
Standard status
Active
Size
3,080 SF
Property subtype
Residential Income
Units
Unit Mix
4 x 2BR/1BA
Multifamily Units
4
Additional Details
Cap Rate
6.6%
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$2,130
Amenities
washer/dryer
storage units
Listing Agency:
Prime Properties Mesquite
(702) 701-3326
Listed By:
E. Shaun Caldwell · License #B.0143955.LLC
(702) 701-3326
Source:
Exprealty
Added: Mar 21
Changed: Aug 30
Last Checked: Aug 30 at 7:57PM
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 Prime Properties Mesquite
Investment Insights
Based on property information with market context.
This four-unit quadplex includes four residences, each configured with two bedrooms and one bathroom across approximately 770 square feet. Recent improvements include interior paint, flooring, countertops, appliances, and some washer and dryer sets. New storage units are also part of the property. Power is individually metered to the tenants.
The property is positioned near parks, schools, the College of Southern Nevada Mesquite Campus, a library, a community recreation center, shopping, and casinos. Its four-unit scale provides a compact multifamily configuration, with the units currently renting in the $1,000–$1,200 per month range.
The property is positioned near parks, schools, the College of Southern Nevada Mesquite Campus, a library, a community recreation center, shopping, and casinos. Its four-unit scale provides a compact multifamily configuration, with the units currently renting in the $1,000–$1,200 per month range.
Key Highlights
- Four‑unit quadplex with 3,080 SF of total property size
- Each unit includes 2 bedrooms, 1 bathroom, and approximately 770 SF
- Recent updates include paint, flooring, counters, and appliances
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
$40,469
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
5.62%
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%
$809,380
$809.4K
Cap Rate 7%
$578,129
$578.1K
Cap Rate 9%
$449,656
$449.7K
Market Conditions
NOI Build-Up for 3,080 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
$61.0K $19.80/SF
− Vacancy
−$3.2K −$1.03/SF
EGI
$57.8K $18.77/SF
− OpEx
−$17.3K −$5.63/SF
NOI
$40.5K $13.14/SF
Area
Clark County, NV
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%
$809,380
Cap Rate 7%
$578,129
Cap Rate 9%
$449,656
Alternative Uses
Best Use
Multifamily LT 5
$578.1K
$505.9K – $674.5K
NOI $40,469 @ 7.0% cap · market cap 5.62%
Second Best
Apartment 5plus
$518.7K
$453.8K – $605.1K
NOI $36,306 @ 7.0% cap · market cap 5.04%
Theoretical Best
Office A
$799.3K
$699.4K – $932.5K
NOI $55,950 @ 7.0% cap · market cap 7.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
4
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
594
Businesses Nearby
Explore this area
Business Placement
Demographics for 89027, NV
17,547
Population
9,972
Households
1.8
Avg Household Size
59
Median Age
22%
College-Educated
89%
High-School Grad
12.5 sq mi
ZIP Area
1,404
Density / Sq Mi
$71,176
Median Household Income
$35,938
Median Earnings
$1,106
Median Rent
$343,300
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Four two-bedroom residences feature refreshed interiors, storage units, and individually metered tenant power.
Where is this quadplex located?
The property is located at 126 E 1st North St Mesquite, NV.
What is the asking price?
The asking price for this property is $720,000.
What are key features of this property?
This property features: Four‑unit quadplex with 3,080 SF of total property size; Each unit includes 2 bedrooms, 1 bathroom, and approximately 770 SF; Recent updates include paint, flooring, counters, and appliances
