Remodeled Quadplex with
For Sale
$648,888
1620 Cordoba Ln, Las Vegas, NV 89108
Four residential units feature refreshed interiors, private storage, and shared laundry facilities.
Property Size3,720 SF
Price / SF$174.43
Days on Market49
Property Features for 1620 Cordoba Ln
General Information
Standard status
Active
Size
3,720 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
4
Building Details
Year Built
1978
Buildings
1
Listing Agency:
Western Realty
(725) 204-1177
Listed By:
Xander Shaw
(702) 930-3299
Source:
Lasvegaspenthouses
Added: Aug 26
Changed: Oct 13
Last Checked: Oct 12 at 8:31PM
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 Western Realty
Investment Insights
Based on property information with market context.
This 4-plex contains four residential units, each updated with newer kitchen cabinetry and finishes, remodeled bathrooms, and newer flooring. Every unit also has its own separate storage area. The property includes a shared laundry area serving the building; the existing washer and dryer are non-operational and convey as-is, where-is.
Building improvements include newer HVAC systems and a newer roof. Constructed in 1978, the property is located at 1620 Cordoba Lane in Las Vegas, Nevada.
Building improvements include newer HVAC systems and a newer roof. Constructed in 1978, the property is located at 1620 Cordoba Lane in Las Vegas, Nevada.
Key Highlights
- Four‑unit quadplex at 1620 Cordoba Lane in Las Vegas, NV 89108
- Each unit has a remodeled kitchen, bathroom, and flooring
- Separate storage area provided for every unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,878
Cap Rate
7.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$977,560
$977.6K
Cap Rate 7%
$698,257
$698.3K
Cap Rate 9%
$543,089
$543.1K
Market Conditions
NOI Build-Up for 3,720 SF
Gross rent
$73.7K $19.80/SF
− Vacancy
−$3.8K −$1.03/SF
EGI
$69.8K $18.77/SF
− OpEx
−$20.9K −$5.63/SF
NOI
$48.9K $13.14/SF
Area
ZIP 89108
Vacancy
5.20%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$977,560
Cap Rate 7%
$698,257
Cap Rate 9%
$543,089
Alternative Uses
Best Use
Multifamily LT 5
$698.3K
$611.0K – $814.6K
NOI $48,878 @ 7.0% cap · market cap 7.53%
Second Best
Apartment 5plus
$626.4K
$548.1K – $730.8K
NOI $43,850 @ 7.0% cap · market cap 6.76%
Theoretical Best
Office A
$1.26M
$1.10M – $1.47M
NOI $88,129 @ 7.0% cap · market cap 13.58%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
711
Businesses Nearby
Explore this area
Business Placement
Demographics for 89108, NV
73,637
Population
28,377
Households
2.6
Avg Household Size
35
Median Age
15%
College-Educated
80%
High-School Grad
8.9 sq mi
ZIP Area
8,274
Density / Sq Mi
$57,403
Median Household Income
$36,383
Median Earnings
$1,431
Median Rent
$304,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Four residential units feature refreshed interiors, private storage, and shared laundry facilities.
Where is this quadplex located?
The property is located at 1620 Cordoba Ln Las Vegas, NV.
What is the asking price?
The asking price for this property is $648,888.
What are key features of this property?
This property features: Four‑unit quadplex at 1620 Cordoba Lane in Las Vegas, NV 89108; Each unit has a remodeled kitchen, bathroom, and flooring; Separate storage area provided for every unit
