Single-Story Quadplex
For Sale
$619,999
Pending
610 N 11th St, Las Vegas, NV 89101
Four long-term tenants occupy a single-story quadplex with eight bedrooms and four full bathrooms.
Property Size3,200 SF
Lot Size0.15 Acres
Days on Market55
Property Features for 610 N 11th St
General Information
Standard status
Pending
Size
3,200 SF
Lot size
0.15 Acres
Property subtype
Multi Family
Additional Details
Business Included
Yes
Taxes and HOA fees
Annual Taxes
$1,477
Building Details
Building Size
3,200 SF
Year Built
1961
Stories
1
Units
4
Tenancy
Multi
Listing Agency:
Signature Real Estate Group, LLC
(818) 284-3734
Listed By:
Morin Z. Morim · License #S.0189944
(818) 284-3734
Source:
Elliman
Added: Jun 19
Changed: Aug 8
Last Checked: Aug 11 at 11:08AM
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 Signature Real Estate Group, LLC
Investment Insights
Based on property information with market context.
This single-story quadplex offers 8 bedrooms and 4 full bathrooms arranged across four long-term tenant units. The property includes a 3,200-square-foot structure on a 0.15-acre lot. Each unit is equipped with essential appliances, including a range/oven and refrigerator, supporting immediate residential functionality.
The property is located in Las Vegas, within easy reach of urban amenities such as dining, entertainment, and employment. The bike score is 66 (bikeable), the walk score is 63 (somewhat walkable), and the transit score is 56 (good transit), which may support tenant accessibility and daily convenience.
For tenants or owner-operators seeking a multi-unit residential setup, the current configuration provides a straightforward layout with consistent unit amenities. For buyers, the property is presented with in-place tenancy, with a stated total of $4,733 in monthly rents from four long-term tenants. This offering is listed for sale by owner-Realtor.
The property is located in Las Vegas, within easy reach of urban amenities such as dining, entertainment, and employment. The bike score is 66 (bikeable), the walk score is 63 (somewhat walkable), and the transit score is 56 (good transit), which may support tenant accessibility and daily convenience.
For tenants or owner-operators seeking a multi-unit residential setup, the current configuration provides a straightforward layout with consistent unit amenities. For buyers, the property is presented with in-place tenancy, with a stated total of $4,733 in monthly rents from four long-term tenants. This offering is listed for sale by owner-Realtor.
Key Highlights
- Quadplex with 4 long‑term tenants generating $4,733 in total monthly rents
- Single‑story 3,200 SF property built in 1961
- 8 bedrooms and 4 full bathrooms across the four units
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
$36,832
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
5.94%
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%
$736,640
$736.6K
Cap Rate 7%
$526,171
$526.2K
Cap Rate 9%
$409,244
$409.2K
Market Conditions
NOI Build-Up for 3,200 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
$55.7K $17.40/SF
− Vacancy
−$3.1K −$0.96/SF
EGI
$52.6K $16.44/SF
− OpEx
−$15.8K −$4.93/SF
NOI
$36.8K $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%
$736,640
Cap Rate 7%
$526,171
Cap Rate 9%
$409,244
Alternative Uses
Best Use
Multifamily LT 5
$526.2K
$460.4K – $613.9K
NOI $36,832 @ 7.0% cap · market cap 5.94%
Second Best
Apartment 5plus
$486.2K
$425.5K – $567.3K
NOI $34,037 @ 7.0% cap · market cap 5.49%
Theoretical Best
Specialty Retail
$1.11M
$967.5K – $1.29M
NOI $77,401 @ 7.0% cap · market cap 12.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
2,686
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
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Frequently Asked Questions
What type of property is this?
Quadplex - Four long-term tenants occupy a single-story quadplex with eight bedrooms and four full bathrooms.
Where is this quadplex located?
The property is located at 610 N 11th St Las Vegas, NV.
What is the asking price?
The asking price for this property is $619,999.
What are key features of this property?
This property features: Quadplex with 4 long‑term tenants generating $4,733 in total monthly rents; Single‑story 3,200 SF property built in 1961; 8 bedrooms and 4 full bathrooms across the four units
