Quadplex with Separate
For Sale
$669,900
1709 Cordoba Lane, Las Vegas, NV 89108
Four-unit property with varied lease terms, updated plumbing, and access to bus routes near Decatur and Vegas Dr.
Property Size3,720 SF
Days on Market62
Property Features for 1709 Cordoba Lane
General Information
Standard status
Active
Size
3,720 SF
Property subtype
Multi Family
Occupancy
100%
Additional Details
Public Transit
Yes
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$3,091
Amenities
laundry room
separate storage area
Building Details
Building Size
3,720 SF
Year Built
1978
Buildings
1
Listing Agency:
Raintree Real Estate
Listed By:
Robert Andy Stahl · License #B.0144071
(717) 574-2719
Source:
Vicerealtygroup
Added: Aug 13
Changed: Oct 1
Last Checked: Oct 13 at 12:32AM
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 Raintree Real Estate
Investment Insights
Based on property information with market context.
This 1978 quadplex contains four rented units, including two that have been renovated. The building was recently re-plumbed, and a fire inspection was completed in Dec 2025. Each residence has its own storage area at the west end of the building, while the property also includes a shared laundry room.
Lease terms are staggered, with two units operating on a month-to-month basis and two having a few months remaining before renewal. Tenants cover utilities, while the landlord pays for laundry room and water expenses. The property is located near bus routes on Decatur and Vegas Dr in Las Vegas, with walk, bike, and transit scores of 44, 43, and 44, respectively.
Lease terms are staggered, with two units operating on a month-to-month basis and two having a few months remaining before renewal. Tenants cover utilities, while the landlord pays for laundry room and water expenses. The property is located near bus routes on Decatur and Vegas Dr in Las Vegas, with walk, bike, and transit scores of 44, 43, and 44, respectively.
Key Highlights
- Four units currently rented
- Two units have been renovated
- Recently re‑plumbed throughout the building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,878
Cap Rate
7.30%
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 7.30%
Second Best
Apartment 5plus
$626.4K
$548.1K – $730.8K
NOI $43,850 @ 7.0% cap · market cap 6.55%
Theoretical Best
Office A
$1.26M
$1.10M – $1.47M
NOI $88,129 @ 7.0% cap · market cap 13.16%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
725
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
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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-unit property with varied lease terms, updated plumbing, and access to bus routes near Decatur and Vegas Dr.
Where is this quadplex located?
The property is located at 1709 Cordoba Lane Las Vegas, NV.
What is the asking price?
The asking price for this property is $669,900.
What are key features of this property?
This property features: Four units currently rented; Two units have been renovated; Recently re‑plumbed throughout the building
