East Las Vegas Fourplex
For Sale
$610,000
1313 North 23rd St, Las Vegas, NV 89101
Fully occupied fourplex in high-demand rental corridor of East Las Vegas.
Property Size3,540 SF
Price / SF$172.32
Days on Market331
Property Features for 1313 North 23rd St
General Information
Standard status
Active
Size
3,540 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
Arthur McCants
Building Details
Year Built
1963
Listing Agency:
United Realty Group
Listed By:
Maria Reyes
(702) 985-8812
Source:
Tmgluxury
Added: Nov 28, 2025
Changed: Oct 25
Last Checked: Oct 7 at 12:53PM
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 United Realty Group
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This fully occupied fourplex is located in a high-demand rental corridor of East Las Vegas. The property presents a portfolio addition or owner-occupant opportunity. The building contains four units, each featuring 2 bedrooms and 1 bathroom. The units are consistently rented, providing reliable cash flow with upside potential.
Key Highlights
- Fully occupied fourplex generating reliable cash flow.
- Located in a high‑demand rental corridor of East Las Vegas.
- All units are 2 bed / 1 bath.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,746
Cap Rate
6.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$814,920
$814.9K
Cap Rate 7%
$582,086
$582.1K
Cap Rate 9%
$452,733
$452.7K
Market Conditions
NOI Build-Up for 3,540 SF
Gross rent
$61.6K $17.40/SF
− Vacancy
−$3.4K −$0.96/SF
EGI
$58.2K $16.44/SF
− OpEx
−$17.5K −$4.93/SF
NOI
$40.7K $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 Rate 5%
$814,920
Cap Rate 7%
$582,086
Cap Rate 9%
$452,733
Alternative Uses
Best Use
Multifamily LT 5
$582.1K
$509.3K – $679.1K
NOI $40,746 @ 7.0% cap · market cap 6.68%
Second Best
Apartment 5plus
$537.9K
$470.7K – $627.6K
NOI $37,653 @ 7.0% cap · market cap 6.17%
Theoretical Best
Specialty Retail
$1.22M
$1.07M – $1.43M
NOI $85,625 @ 7.0% cap · market cap 14.04%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Location Intelligence
Trade Area within ½ mile
577
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Fully occupied fourplex in high-demand rental corridor of East Las Vegas.
Where is this quadplex located?
The property is located at 1313 North 23rd St Las Vegas, NV.
What is the asking price?
The asking price for this property is $610,000.
What are key features of this property?
This property features: Fully occupied fourplex generating reliable cash flow.; Located in a high‑demand rental corridor of East Las Vegas.; All units are 2 bed / 1 bath.
