Mid-Century Quadplex Near
1458 Silver Mesa Circle, Las Vegas, NV 89169
For Sale
$660,000
Four-unit residential income property with updated systems and convenient access to the Las Vegas Strip and UNLV.
Property Size3,432 SF
Price / SF$192.31
Days on Market60
Property Features for 1458 Silver Mesa Circle
General Information
Standard status
Size
Property subtype
Additional Details
Multifamily Units
Building Details
Year Built
Listing Agency:
The Highlands Re Group LLC
(917) 280-2052
Listed By:
Jimena Carino Jimenez
Source:
Viphomes
Added: Sep 16
Changed: Oct 31
Last Checked: Oct 9 at 7:33PM
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 The Highlands Re Group LLC
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Investment Insights
Based on property information with market context.
Built in 1963, this 3,432-square-foot quadplex contains four separate residential units with a total of 8 bedrooms and 8 bathrooms. The property retains mid-century character while incorporating several recent improvements, including a new A/C system in Unit 1 and a new water heater, both installed in 2025. Primary bathrooms in Units 1 and 4 have also been remodeled.
Located at 1458 Silver Mesa Circle in Las Vegas, the property is near the Las Vegas Strip and UNLV, with dining, entertainment, and shopping in the surrounding area. Its four-unit configuration and existing unit improvements provide a clearly defined residential income property format.
Located at 1458 Silver Mesa Circle in Las Vegas, the property is near the Las Vegas Strip and UNLV, with dining, entertainment, and shopping in the surrounding area. Its four-unit configuration and existing unit improvements provide a clearly defined residential income property format.
Key Highlights
- Four separate residential units in a quadplex configuration
- 3,432‑square‑foot property built in 1963
- Total of 8 bedrooms and 8 bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,503
Cap Rate
5.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$790,060
$790.1K
Cap Rate 7%
$564,329
$564.3K
Cap Rate 9%
$438,922
$438.9K
Market Conditions
NOI Build-Up for 3,432 SF
Gross rent
$59.7K $17.40/SF
− Vacancy
−$3.3K −$0.96/SF
EGI
$56.4K $16.44/SF
− OpEx
−$16.9K −$4.93/SF
NOI
$39.5K $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%
$790,060
Cap Rate 7%
$564,329
Cap Rate 9%
$438,922
Alternative Uses
Best Use
Multifamily LT 5
$564.3K
$493.8K – $658.4K
NOI $39,503 @ 7.0% cap · market cap 5.99%
Second Best
Apartment 5plus
$521.5K
$456.3K – $608.4K
NOI $36,505 @ 7.0% cap · market cap 5.53%
Theoretical Best
Specialty Retail
$1.19M
$1.04M – $1.38M
NOI $83,013 @ 7.0% cap · market cap 12.58%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
2,078
Businesses Nearby
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Business Placement
Demographics for 89169, NV
25,938
Population
14,070
Households
1.8
Avg Household Size
36
Median Age
19%
College-Educated
79%
High-School Grad
3.4 sq mi
ZIP Area
7,629
Density / Sq Mi
$39,740
Median Household Income
$32,457
Median Earnings
$1,159
Median Rent
$299,900
Median Home Value
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Market
Average Price Trend$/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 - Four-unit residential income property with updated systems and convenient access to the Las Vegas Strip and UNLV.
Where is this quadplex located?
The property is located at 1458 Silver Mesa Circle Las Vegas, NV.
What is the asking price?
The asking price for this property is $660,000.
What are key features of this property?
This property features: Four separate residential units in a quadplex configuration; 3,432‑square‑foot property built in 1963; Total of 8 bedrooms and 8 bathrooms
