Quadplex with Updated
For Sale
$720,000
126 E First St N, Mesquite, NV 89027
MULTI_FAMILY - Mesquite, NV
Property Size3,080 SF
Lot Size0.22 Acres
Price / SF$233.77
Days on Market140
Property Features for 126 E First St N
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Multi-Family, Residential
Bedrooms
8
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 2, Bedroom 1, Bedroom 3, Bedroom 6, Bedroom 7, Bedroom 8, Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bedroom 4, Bedroom 5
Interior features
Flooring- Laminate
Appliances
Dishwasher, Freezer, Garbage Disposal, Refrigerator, W/D Hookups, Washer & Dryer, Water Heater- Electric, Oven/Range, Oven/Range- Electric
Subdivision
None (No Subdivision)
Lot features
Curb & Gutter, Sidewalks
Elementary school
Bowler
Middle school
Charles A. Hughes
High school
Virgin Valley
Standard status
Active
APN
00116603002
Size
3,080 SF
Lot size
0.22 Acres
Taxes and HOA fees
Tax Annual Amount
2130
Utilities
Heating system
Heat Pump (Heating), Electric (Heating)
Cooling system
Central Air, Heat Pump, Electric
Building Details
Year built
1988
Floors in Building
2
Number of units
4
Roof type
Composition, Flat
Architectural style
Other
Listing Agency:
Prime Properties Mesquite
(702) 701-3326
Listed By:
E. Shaun Caldwell · License #B.0143955.LLC
(702) 701-3326
Added: Mar 19
Changed: Aug 3
Last Checked: Aug 5 at 3:06AM
MLS# 1127515
Copyright © 2026 Mesquite Real Estate Association. 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 quadplex in Mesquite features four units, each laid out as 2 bedrooms and 1 bathroom. Unit interiors include laminate flooring, and several units were recently updated with new paint, flooring, counters, and appliances, including some washer/dryer units. Common kitchen and laundry support includes W/D hookups, and each unit has an electric water heater. Heating and cooling are electric with a heat pump and central air.
The property sits on a 0.22-acre lot and contains 3,080 square feet under roof. Power is individually metered to tenants, and the roof includes flat and composition sections. The building was constructed in 1988. The current rent profile is described as steadily renting at about $1,000 to $1,200 per month, and the public remarks describe a net cap rate approximation of about 6.6% “as is,” with potential to increase to the 7.8% range with upgrades such as gating, carports, patios, or other amenities.
The property sits on a 0.22-acre lot and contains 3,080 square feet under roof. Power is individually metered to tenants, and the roof includes flat and composition sections. The building was constructed in 1988. The current rent profile is described as steadily renting at about $1,000 to $1,200 per month, and the public remarks describe a net cap rate approximation of about 6.6% “as is,” with potential to increase to the 7.8% range with upgrades such as gating, carports, patios, or other amenities.
Key Highlights
- Four units, each 2 bed 1 bath (approx 770 SF per unit)
- Recently updated interiors with new paint, flooring, counters, and appliances incl some washer/dryers
- Power individually metered to tenants; electric heat pump and central air
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 | $61.0k | $19.80 |
| − Vacancy | −$3.2k | −$1.03 |
| EGI | $57.8k | $18.77 |
| − OpEx | −$17.3k | −$5.63 |
| NOI | $40.5k | $13.14 |
3,080 SF · lease $19.80/SF/yr · vacancy 5.20% · expense 30.00%
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
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
496
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 - Quadplex in Mesquite with four 2-bed, 1-bath units and updated interiors, with power individually metered to tenants.
Where is this quadplex located?
The property is located at 126 E First St N 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 units, each 2 bed 1 bath (approx 770 SF per unit); Recently updated interiors with new paint, flooring, counters, and appliances incl some washer/dryers; Power individually metered to tenants; electric heat pump and central air
