Four-Unit Quadplex with Updated
For Sale
$548,900
1715 Santa Paula Drive, Las Vegas, NV 89104
Residential, Las Vegas, NV
Property Size3,660 SF
Lot Size0.22 Acres
Price / SF$149.97
Days on Market60
Property Features for 1715 Santa Paula Drive
General Information
Property type
Residential Multi Family
Property subtype
Other
Subdivision
Beverly Green Tr #2
Elementary school
,
Directions
From S Las Vegas Blvd, E on E Oakey Blvd, S on Santa Paula Dr
Standard status
Active
APN
162-03-313-004
Size
3,660 SF
Lot size
0.22 Acres
Taxes and HOA fees
Tax Annual Amount
1601
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1951
Floors in Building
2
Number of units
4
Flooring type
Tile, Wood
Building materials
Stucco
Roof type
Shingle, Composition
Architectural style
Other
Listing Agency:
Simply Vegas
(702) 568-6800
Listed By:
Marlene Raymundo · License #S.0187988
(702) 283-6236
Added: Aug 15
Changed: Oct 10
Last Checked: Oct 13 at 11:06AM
MLS# 2809348
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 3,660-square-foot quadplex contains four residential units, each arranged with two bedrooms, one full bathroom, a living room, and a kitchen. The property was built in 1951 and features stucco construction, tile and wood flooring, central heating and cooling, and a recently updated composition-shingle roof. A separate rear room provides additional storage space.
The property occupies a 0.22-acre lot near the Las Vegas Strip and Downtown Las Vegas. There is no HOA, and the rear area provides space for RV parking and multiple vehicles. Public water and public sewer serve the property, while natural gas is available for heating.
The property occupies a 0.22-acre lot near the Las Vegas Strip and Downtown Las Vegas. There is no HOA, and the rear area provides space for RV parking and multiple vehicles. Public water and public sewer serve the property, while natural gas is available for heating.
Key Highlights
- Four units, each with 2 bedrooms and 1 full bathroom
- 3,660 square feet on a 0.22‑acre lot
- Recently updated composition‑shingle roof
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,127
Cap Rate
7.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$842,540
$842.5K
Cap Rate 7%
$601,814
$601.8K
Cap Rate 9%
$468,078
$468.1K
Market Conditions
NOI Build-Up for 3,660 SF
Gross rent
$63.7K $17.40/SF
− Vacancy
−$3.5K −$0.96/SF
EGI
$60.2K $16.44/SF
− OpEx
−$18.1K −$4.93/SF
NOI
$42.1K $11.51/SF
Area
Las Vegas, NV
Vacancy
5.50%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$842,540
Cap Rate 7%
$601,814
Cap Rate 9%
$468,078
Alternative Uses
Best Use
Multifamily LT 5
$601.8K
$526.6K – $702.1K
NOI $42,127 @ 7.0% cap · market cap 7.67%
Second Best
Apartment 5plus
$556.1K
$486.6K – $648.8K
NOI $38,930 @ 7.0% cap · market cap 7.09%
Theoretical Best
Specialty Retail
$1.26M
$1.11M – $1.48M
NOI $88,528 @ 7.0% cap · market cap 16.13%
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
Location Intelligence
Trade Area within ½ mile
2,208
Businesses Nearby
Explore this area
Business Placement
Demographics for 89104, NV
41,662
Population
16,704
Households
2.5
Avg Household Size
38
Median Age
15%
College-Educated
72%
High-School Grad
5.7 sq mi
ZIP Area
7,309
Density / Sq Mi
$50,945
Median Household Income
$34,278
Median Earnings
$1,138
Median Rent
$298,700
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 - Each residence offers two bedrooms, one full bathroom, a living room, and a functional kitchen.
Where is this quadplex located?
The property is located at 1715 Santa Paula Drive Las Vegas, NV.
What is the asking price?
The asking price for this property is $548,900.
What are key features of this property?
This property features: Four units, each with 2 bedrooms and 1 full bathroom; 3,660 square feet on a 0.22‑acre lot; Recently updated composition‑shingle roof
