Four-Unit Multifamily
New
For Sale
$675,000
1336 Kari Lee Court, Las Vegas, NV 89146
Three residences are leased, while the fourth is occupied by its owner.
Property Size4,232 SF
Price / SF$159.50
Days on Market5
Property Features for 1336 Kari Lee Court
General Information
Standard status
Active
Size
4,232 SF
Property subtype
Multi Family
Site & Location
Neighborhood
Buffalo
Additional Details
Multifamily Units
4
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$4,534
Building Details
Building Size
4,232 SF
Year Built
1986
Listing Agency:
Realty ONE Group, Inc
Listed By:
Craig Rombough · License #S.0203871
(702) 533-1833
Source:
Virtuelre
Added: Nov 2
Changed: Nov 5
Last Checked: Nov 4 at 2:35PM
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 Realty ONE Group, Inc
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Investment Insights
Based on property information with market context.
Built in 1986, this four-unit multifamily property contains approximately 4,232 square feet and offers a mix of two- and three-bedroom floor plans. Three units are rented, and the fourth is owner-occupied. The roof was replaced in 2024.
The property is located in Las Vegas, Nevada.
The property is located in Las Vegas, Nevada.
Key Highlights
- Four units totaling approximately 4,232 square feet
- Mix of 2- and 3‑bedroom floor plans
- Three units rented; one owner‑occupied
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,711
Cap Rate
7.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$974,220
$974.2K
Cap Rate 7%
$695,871
$695.9K
Cap Rate 9%
$541,233
$541.2K
Market Conditions
NOI Build-Up for 4,232 SF
Gross rent
$73.6K $17.40/SF
− Vacancy
−$4.1K −$0.96/SF
EGI
$69.6K $16.44/SF
− OpEx
−$20.9K −$4.93/SF
NOI
$48.7K $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%
$974,220
Cap Rate 7%
$695,871
Cap Rate 9%
$541,233
Alternative Uses
Best Use
Multifamily LT 5
$695.9K
$608.9K – $811.9K
NOI $48,711 @ 7.0% cap · market cap 7.22%
Second Best
Apartment 5plus
$643.1K
$562.7K – $750.2K
NOI $45,014 @ 7.0% cap · market cap 6.67%
Theoretical Best
Specialty Retail
$1.46M
$1.28M – $1.71M
NOI $102,363 @ 7.0% cap · market cap 15.16%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,760
Businesses Nearby
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Business Placement
Demographics for 89146, NV
19,777
Population
8,385
Households
2.4
Avg Household Size
40
Median Age
25%
College-Educated
86%
High-School Grad
4.8 sq mi
ZIP Area
4,120
Density / Sq Mi
$64,330
Median Household Income
$38,121
Median Earnings
$1,407
Median Rent
$432,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Quadplexes in Las Vegas, NV
Properties on Market for Quadplexes in Las Vegas
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Three residences are leased, while the fourth is occupied by its owner.
Where is this quadplex located?
The property is located at 1336 Kari Lee Court Las Vegas, NV.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: Four units totaling approximately 4,232 square feet; Mix of 2- and 3‑bedroom floor plans; Three units rented; one owner‑occupied
