Solar-Equipped Multifamily
1801 Elm Avenue, Las Vegas, NV 89101
For Sale
$595,000
Residential, Las Vegas, NV
Property Size4,134 SF
Lot Size0.26 Acres
Price / SF$143.93
Days on Market50
Property Features for 1801 Elm Avenue
General Information
Property type
Property subtype
Appliances
Subdivision
Elementary school
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Annual Amount
Utilities
Sewer type
Heating system
Cooling system
Water source
Amenities
solar panels
laundry room
gated entry
covered patio
closed-circuit cameras
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Roof type
Architectural style
Buildings
Listing Agency:
Coldwell Banker Premier · Coldwell Banker Real Estate
(702) 871-9500
Listed By:
Michael T. Oliver · License NV S.0169549
(702) 525-6319
Added: Sep 26
Changed: Nov 10
Last Checked: Nov 14 at 12:06AM
MLS# 2821953
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.
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Investment Insights
Based on property information with market context.
This single-story multifamily property contains 4,134 square feet on a 0.26-acre lot. Solar panels complement a brick exterior, and the grounds are enclosed by masonry walls with a gated entry. A two-car garage includes laundry facilities. Interior finishes include carpet, wood, and tile, with kitchens fitted with wood cabinetry and appliances.
A covered patio provides outdoor space, while closed-circuit cameras serve the secured perimeter. The building dates to 1953 and has central and wall heating, along with central air and window-unit cooling.
A covered patio provides outdoor space, while closed-circuit cameras serve the secured perimeter. The building dates to 1953 and has central and wall heating, along with central air and window-unit cooling.
Key Highlights
- 4,134 square feet on a 0.26‑acre lot
- Solar panels and a single‑story configuration
- Two‑car garage with laundry facilities
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,583
Cap Rate
8.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$951,660
$951.7K
Cap Rate 7%
$679,757
$679.8K
Cap Rate 9%
$528,700
$528.7K
Market Conditions
NOI Build-Up for 4,134 SF
Gross rent
$71.9K $17.40/SF
− Vacancy
−$4.0K −$0.96/SF
EGI
$68.0K $16.44/SF
− OpEx
−$20.4K −$4.93/SF
NOI
$47.6K $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%
$951,660
Cap Rate 7%
$679,757
Cap Rate 9%
$528,700
Alternative Uses
Best Use
Multifamily LT 5
$679.8K
$594.8K – $793.1K
NOI $47,583 @ 7.0% cap · market cap 8.00%
Second Best
Apartment 5plus
$628.2K
$549.7K – $732.9K
NOI $43,972 @ 7.0% cap · market cap 7.39%
Theoretical Best
Specialty Retail
$1.43M
$1.25M – $1.67M
NOI $99,993 @ 7.0% cap · market cap 16.81%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
1,430
Businesses Nearby
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Business Placement
Demographics for 89101, NV
42,465
Population
18,258
Households
2.3
Avg Household Size
35
Median Age
11%
College-Educated
66%
High-School Grad
5.4 sq mi
ZIP Area
7,864
Density / Sq Mi
$38,653
Median Household Income
$29,471
Median Earnings
$1,008
Median Rent
$258,100
Median Home Value
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Market
Average Price Trend$/SF for Quadplexes in Las Vegas, NV
Properties on Market for Quadplexes in Las Vegas
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - A single-story layout includes a two-car garage with laundry space.
Where is this quadplex located?
The property is located at 1801 Elm Avenue Las Vegas, NV.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: 4,134 square feet on a 0.26‑acre lot; Solar panels and a single‑story configuration; Two‑car garage with laundry facilities
