Four-Unit Multifamily Property with
1524 Henry Drive, Las Vegas, NV 89110
For Sale
$650,000
Four two-bedroom residences share a fenced site, laundry room, and individual storage closets.
Property Size3,080 SF
Price / SF$211.04
Days on Market113
Property Features for 1524 Henry Drive
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Public Transit
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
shared laundry room
individual storage closets
Building Details
Building Size
Year Built
Listing Agency:
United Realty Group
Listed By:
Oscar Hernandez · License NV BS.0145780
(702) 586-0032
Source:
Mahsheed
Added: Jul 20
Changed: Nov 7
Last Checked: Nov 9 at 12:56PM
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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Investment Insights
Based on property information with market context.
Built in 1982, this four-unit multifamily property contains 3,080 square feet. Each residence has two bedrooms, one bathroom, a functional floor plan, and tile flooring. A shared laundry room and separate storage closets serve the units, and the property occupies a fully fenced lot.
Shopping, dining, schools, public transportation, and major roads are nearby.
Shopping, dining, schools, public transportation, and major roads are nearby.
Key Highlights
- Four units, each with 2 bedrooms and 1 bathroom
- 3,080 square feet; built in 1982
- Shared laundry room and individual storage closets
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,826
Cap Rate
5.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$716,520
$716.5K
Cap Rate 7%
$511,800
$511.8K
Cap Rate 9%
$398,067
$398.1K
Market Conditions
NOI Build-Up for 3,080 SF
Gross rent
$53.6K $17.40/SF
− Vacancy
−$2.4K −$0.78/SF
EGI
$51.2K $16.62/SF
− OpEx
−$15.4K −$4.99/SF
NOI
$35.8K $11.63/SF
Area
ZIP 89110
Vacancy
4.50%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$716,520
Cap Rate 7%
$511,800
Cap Rate 9%
$398,067
Alternative Uses
Best Use
Multifamily LT 5
$511.8K
$447.8K – $597.1K
NOI $35,826 @ 7.0% cap · market cap 5.51%
Second Best
Apartment 5plus
$459.0K
$401.7K – $535.5K
NOI $32,132 @ 7.0% cap · market cap 4.94%
Theoretical Best
Office A
$1.01M
$886.3K – $1.18M
NOI $70,904 @ 7.0% cap · market cap 10.91%
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
530
Businesses Nearby
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Business Placement
Demographics for 89110, NV
73,954
Population
23,701
Households
3.1
Avg Household Size
32
Median Age
10%
College-Educated
68%
High-School Grad
9.6 sq mi
ZIP Area
7,704
Density / Sq Mi
$54,858
Median Household Income
$34,509
Median Earnings
$1,292
Median Rent
$304,300
Median Home Value
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Market
Average Price Trend$/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 two-bedroom residences share a fenced site, laundry room, and individual storage closets.
Where is this quadplex located?
The property is located at 1524 Henry Drive Las Vegas, NV.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Four units, each with 2 bedrooms and 1 bathroom; 3,080 square feet; built in 1982; Shared laundry room and individual storage closets
