Four-Unit Residential
New
For Sale
$669,000
1521 Cobb Lane, Las Vegas, NV 89101
Four two-bedroom apartments are occupied by tenants and include ceiling fans and window blinds.
Property Size3,060 SF
Lot Size0.17 Acres
Price / SF$218.63
Days on Market5
Property Features for 1521 Cobb Lane
General Information
Standard status
Active
Size
3,060 SF
Lot size
0.17 Acres
Property subtype
Multi Family
Units
Unit Mix
4 x 2BR/1BA
Multifamily Units
4
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$1,452
Amenities
ceiling fans
blinds
fully fenced
Building Details
Building Size
3,060 SF
Year Built
1978
Buildings
1
Stories
2
Listing Agency:
Rothwell Gornt Companies
Listed By:
Ryan Crighton · License #BS.0000254
(702) 217-1048
Source:
Vicerealtygroup
Added: Oct 9
Changed: Oct 11
Last Checked: Oct 13 at 3:34AM
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 Rothwell Gornt Companies
Investment Insights
Based on property information with market context.
This two-story quadplex contains four 2-bedroom, 1-bathroom apartments with a combined living area of 3,060 square feet. Interior features include ceiling fans and blinds, and the building sits on a fully fenced 0.17-acre lot. Built in 1978, the property has tenants in place and may also accommodate an owner occupant.
At 1521 Cobb Ln, the property is near Downtown, the Arts District, shopping, dining, and freeway access.
At 1521 Cobb Ln, the property is near Downtown, the Arts District, shopping, dining, and freeway access.
Key Highlights
- Four apartments, each with 2 bedrooms and 1 bathroom
- 3,060 square feet of living area across a two‑story layout
- Fully fenced 0.17‑acre 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 two-bedroom apartments are occupied by tenants and include ceiling fans and window blinds.
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 apartments, each with 2 bedrooms and 1 bathroom; 3,060 square feet of living area across a two‑story layout; Fully fenced 0.17‑acre lot
