1656 Stevens Street, Las Vegas, NV 89115
MULTI_FAMILY - Other - Las Vegas, NV
- Added:
- Jun 15, 2026
- Days on Market:
- 2
- Last Refresh:
- Jun 16 at 7:06 pm
Property Features for 1656 Stevens Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Appliances
- Exhaust Fan, Oven, Range, Range Hood
- Standard status
- Active
- APN
- 140-19-411-005
- Size
- 3,196 SF
- Lot size
- 0.21 Acres
Taxes and HOA fees
- Tax Annual Amount
- 1465
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas, Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1983
- Floors in Building
- 2
- Number of units
- 4
- Flooring type
- Tile, Vinyl
- Building materials
- Stucco, Wood Frame
- Roof type
- Shingle, Composition
- Architectural style
- Other
Listing agent Daniel Stewart License #S.0191360 (702) 540-3453
Listing office eXp Realty 10845 Griffith Peak Dr. #2, Las Vegas, NV (702) 727-1050
Listing date Jun 15, 2026
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.
HighLights
- Fourplex with 4 units, each offering a 2‑bedroom, 1‑bath layout with approx. 799 SF per unit
- Total approx. 3,196 SF with 8 bedrooms and 4 bathrooms across the property
- All units currently occupied with professional property management already in place
- Upgrades include a newer roof installed in 2022, newer exterior paint, and semi‑renovated interiors with updated kitchens and bathrooms
- On‑site amenities include 4 separate storage rooms, an onsite laundry room, a central courtyard, and 5 parking spaces
- Utilities include public water and public sewer; heating and cooling are natural gas central heating with central air
Overview
The building is located at 1656 Stevens Street in Las Vegas, Nevada (89115). It is being offered as a for-sale multifamily income property in a compact lot setting, providing a complete on-site setup with both unit and common-area functionality.
For buyers seeking a stabilized residential income asset, the property is currently 100% occupied and supported by professional property management already in place. The combination of consistent unit layouts, practical on-site amenities, and recent interior and exterior improvements is designed to support day-to-day livability for tenants while reducing immediate capital concerns associated with major components like the roof.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $51.8k | $16.20 |
| − Vacancy | −$2.7k | −$0.84 |
| EGI | $49.1k | $15.36 |
| − OpEx | −$14.7k | −$4.61 |
| NOI | $34.4k | $10.75 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Las Vegas
- County
- Clark
- State
- Nevada
- Longitude
- -115.092621
- Latitude
- 36.189573
