4-Unit Two-Story
New
For Sale
$669,000
1521 Cobb Lane, Las Vegas, NV 89101
Residential, Las Vegas, NV
Property Size3,060 SF
Lot Size0.17 Acres
Price / SF$218.63
Days on Market5
Property Features for 1521 Cobb Lane
General Information
Property type
Residential Multi Family
Property subtype
Other
Window features
Blinds
Interior features
Ceiling Fan(s), Window Treatments
Appliances
Oven, Range, Refrigerator
Elementary school
,
Directions
Head toward E Bonneville Ave Take S 13th St, N Maryland Pkwy and N Bruce St to Cobb Ln Turn right onto Cobb Ln Destination will be on the right
Standard status
Active
APN
139-26-504-005
Size
3,060 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Annual Amount
1452
Utilities
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Central Air
Water source
Public
Building Details
Year built
1978
Floors in Building
2
Number of units
4
Flooring type
Tile, Vinyl
Building materials
Stucco, Wood Frame
Roof type
Flat
Architectural style
Other
Listing Agency:
Rothwell Gornt Companies
(702) 932-8813
Listed By:
Ryan Crighton · License #BS.0000254
(702) 217-1048
Added: Oct 9
Changed: Oct 10
Last Checked: Oct 13 at 10:06AM
MLS# 2825777
Copyright © 2026 Las Vegas REALTORS®. 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 two-story quadplex contains four rental units, each configured with two bedrooms and one bathroom. The building totals 3,060 square feet on a 0.17-acre fenced lot, and tenants are currently in place. Interior features include ceiling fans, window treatments, tile and vinyl flooring, and ovens, ranges, and refrigerators. The property was built in 1978 and has central heating and air conditioning.
The property is near Downtown Las Vegas, the Arts District, shopping, dining, and freeway access. Public water and sewer serve the site.
The property is near Downtown Las Vegas, the Arts District, shopping, dining, and freeway access. Public water and sewer serve the site.
Key Highlights
- Four units, each with 2 bedrooms and 1 bathroom
- 3,060 square feet across a two‑story building
- 0.17‑acre fully fenced lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,221
Cap Rate
5.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$704,420
$704.4K
Cap Rate 7%
$503,157
$503.2K
Cap Rate 9%
$391,344
$391.3K
Market Conditions
NOI Build-Up for 3,060 SF
Gross rent
$53.2K $17.40/SF
− Vacancy
−$2.9K −$0.96/SF
EGI
$50.3K $16.44/SF
− OpEx
−$15.1K −$4.93/SF
NOI
$35.2K $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%
$704,420
Cap Rate 7%
$503,157
Cap Rate 9%
$391,344
Alternative Uses
Best Use
Multifamily LT 5
$503.2K
$440.3K – $587.0K
NOI $35,221 @ 7.0% cap · market cap 5.26%
Second Best
Apartment 5plus
$465.0K
$406.9K – $542.5K
NOI $32,548 @ 7.0% cap · market cap 4.87%
Theoretical Best
Specialty Retail
$1.06M
$925.2K – $1.23M
NOI $74,015 @ 7.0% cap · market cap 11.06%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,090
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Quadplex - Four occupied rental units offer a two-bedroom, one-bathroom layout with central heating and air conditioning.
Where is this quadplex located?
The property is located at 1521 Cobb Lane Las Vegas, NV.
What is the asking price?
The asking price for this property is $669,000.
What are key features of this property?
This property features: Four units, each with 2 bedrooms and 1 bathroom; 3,060 square feet across a two‑story building; 0.17‑acre fully fenced lot
