Four-Unit Multifamily
New
For Sale
$640,000
1641 N Lamont Street, Las Vegas, NV 89115
Residential, Las Vegas, NV
Property Size3,080 SF
Lot Size0.21 Acres
Price / SF$207.79
Days on Market2
Property Features for 1641 N Lamont Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking features
Assigned
Window features
Blinds
Interior features
Ceiling Fan(s), Window Treatments
Appliances
Dishwasher, Disposal, Microwave, Oven, Range, Refrigerator
Subdivision
Reid Manor
Elementary school
,
Directions
From Nellis West on Owens North on Lamont property on the left side
Standard status
Active
APN
140-20-812-012
Size
3,080 SF
Lot size
0.21 Acres
Taxes and HOA fees
Tax Annual Amount
1528
Utilities
Sewer type
Public Sewer
Heating system
Central, Natural Gas
Cooling system
Central Air
Water source
Public
Building Details
Year built
1983
Floors in Building
2
Number of units
4
Flooring type
Tile
Building materials
Block, Stucco, Wood Siding
Roof type
Composition, Shingle
Architectural style
Other
Listing Agency:
Keller Williams MarketPlace · Keller Williams Realty
(702) 939-0000
Listed By:
Aaron Powers · License #S.0179702
(702) 768-5536
Added: Oct 7
Changed: Oct 8
Last Checked: Oct 8 at 11:06AM
MLS# 2823722
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 3,080-square-foot multifamily property contains four units, each with two bedrooms, one bathroom and approximately 770 square feet of living space. Three residences are on the ground floor, with the fourth on the second level. Units A, B and C are tenant-occupied; Unit D is vacant. Each unit has a dedicated storage area, and the property includes shared laundry space and assigned parking. The building was constructed in 1983 and has central heating and air conditioning.
Situated on a 0.21-acre parcel in Las Vegas, the property has public water and sewer service. Utilities are separately metered, and street parking is also available. No HOA is reported.
Situated on a 0.21-acre parcel in Las Vegas, the property has public water and sewer service. Utilities are separately metered, and street parking is also available. No HOA is reported.
Key Highlights
- Four 2‑bedroom, 1‑bath units, approximately 770 sq. ft. each
- 3,080‑square‑foot building on 0.21 acres
- Units A, B and C are tenant‑occupied; Unit D is vacant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,111
Cap Rate
5.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$662,220
$662.2K
Cap Rate 7%
$473,014
$473.0K
Cap Rate 9%
$367,900
$367.9K
Market Conditions
NOI Build-Up for 3,080 SF
Gross rent
$49.9K $16.20/SF
− Vacancy
−$2.6K −$0.84/SF
EGI
$47.3K $15.36/SF
− OpEx
−$14.2K −$4.61/SF
NOI
$33.1K $10.75/SF
Area
ZIP 89115
Vacancy
5.20%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$662,220
Cap Rate 7%
$473,014
Cap Rate 9%
$367,900
Alternative Uses
Best Use
Multifamily LT 5
$473.0K
$413.9K – $551.9K
NOI $33,111 @ 7.0% cap · market cap 5.17%
Second Best
Apartment 5plus
$436.8K
$382.2K – $509.6K
NOI $30,577 @ 7.0% cap · market cap 4.78%
Theoretical Best
Office A
$920.8K
$805.7K – $1.07M
NOI $64,458 @ 7.0% cap · market cap 10.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
565
Businesses Nearby
Explore this area
Business Placement
Demographics for 89115, NV
67,043
Population
21,670
Households
3.1
Avg Household Size
29
Median Age
9%
College-Educated
70%
High-School Grad
24.9 sq mi
ZIP Area
2,692
Density / Sq Mi
$49,648
Median Household Income
$32,198
Median Earnings
$1,294
Median Rent
$258,900
Median Home Value
Check the figures for this property
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 residences include separately metered utilities and shared laundry facilities.
Where is this quadplex located?
The property is located at 1641 N Lamont Street Las Vegas, NV.
What is the asking price?
The asking price for this property is $640,000.
What are key features of this property?
This property features: Four 2‑bedroom, 1‑bath units, approximately 770 sq. ft. each; 3,080‑square‑foot building on 0.21 acres; Units A, B and C are tenant‑occupied; Unit D is vacant
