Four-Unit Multifamily
1721 Cordoba Lane Las Vegas, NV 89108
1721 Cordoba Lane, Las Vegas, NV, 89108
$665,000
For Sale
$665,000
MULTI_FAMILY - Other - Las Vegas, NV
Property Size3,720 SF
Lot Size0.23 Acres
Price / SF$178.76
Days on Market51
Property Features for 1721 Cordoba Lane
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking
- 4
- Parking features
- Covered, Assigned
- Window features
- Blinds
- Interior features
- Window Treatments
- Appliances
- Dishwasher, Disposal, Oven, Range, Refrigerator
- Standard status
- Active
- APN
- 139-19-410-002
- Size
- 3,720 SF
- Lot size
- 0.23 Acres
Taxes and HOA fees
- Tax Annual Amount
- 3091
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central, Natural Gas
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1978
- Floors in Building
- 2
- Number of units
- 4
- Flooring type
- Carpet
- Building materials
- Stucco
- Roof type
- Flat
- Architectural style
- Other
Listing agency
Cofield Real Estate
(702) 755-8888
Listed by
Janice Cofield · License #S.0050457
(702) 743-6408
Added: Jun 3 Updated: Jun 7 at 6:21AM Checked: Jul 23 at 1:06AM
MLS# 2788565
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 four-unit multifamily building includes two spacious two-story units and two single-level units. The property is described as well maintained and currently occupied by long-term tenants. Tenancy is on month-to-month rental agreements, which provides flexibility for future leasing decisions.
The asset is located near the Muni Golf Course, shopping centers, schools, and major freeway access in Las Vegas. The combination of nearby everyday services and transportation access supports broad tenant appeal.
For investors or owner-operators seeking a currently income-producing fourplex, the presence of established tenants and month-to-month terms may simplify near-term operations while allowing room to adjust rents over time consistent with the existing lease structure. Please do not disturb the tenants.
The asset is located near the Muni Golf Course, shopping centers, schools, and major freeway access in Las Vegas. The combination of nearby everyday services and transportation access supports broad tenant appeal.
For investors or owner-operators seeking a currently income-producing fourplex, the presence of established tenants and month-to-month terms may simplify near-term operations while allowing room to adjust rents over time consistent with the existing lease structure. Please do not disturb the tenants.
Key Highlights
- Four‑unit building built in 1978 with two two‑story units and two single‑level units
- All four units are occupied by long‑term tenants with month‑to‑month rental agreements
- Central heating (natural gas) and central A/C throughout
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 | $73.7k | $19.80 |
| − Vacancy | −$3.8k | −$1.03 |
| EGI | $69.8k | $18.77 |
| − OpEx | −$20.9k | −$5.63 |
| NOI | $48.9k | $13.14 |
3,720 SF · lease $19.80/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$698.3K
$611.0K – $814.6K
NOI $48,878 @ 7.0% cap · market cap 7.35%
Second Best
Apartment 5plus
$626.4K
$548.1K – $730.8K
NOI $43,850 @ 7.0% cap · market cap 6.59%
Theoretical Best
Office A
$1.26M
$1.10M – $1.47M
NOI $88,129 @ 7.0% cap · market cap 13.25%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Four well-maintained units with existing occupancy and month-to-month tenancy for flexible leasing options.
Where is this quadplex located?
The property is located at 1721 Cordoba Lane Las Vegas, NV.
What is the asking price?
The asking price for this property is $665,000.
What are key features of this property?
This property features: Four‑unit building built in 1978 with two two‑story units and two single‑level units; All four units are occupied by long‑term tenants with month‑to‑month rental agreements; Central heating (natural gas) and central A/C throughout
