Fourplex with Community
For Sale
$565,000
1830 Dwarf Star Drive, Las Vegas, NV 89115
Four two-bedroom residences offer open layouts, individual laundry areas, and durable tile and vinyl flooring.
Property Size3,212 SF
Days on Market86
Property Features for 1830 Dwarf Star Drive
General Information
Standard status
Active
Size
3,212 SF
Property subtype
Multi Family
Units
Unit Mix
4 x 2BR/1BA
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$2,086
Amenities
playground
pool
separate laundry
Building Details
Building Size
3,212 SF
Year Built
1987
Buildings
1
Construction
Cape Cod
Listing Agency:
Rothwell Gornt Companies
Listed By:
Ryan Crighton · License #BS.0000254
(702) 217-1048
Source:
Vicerealtygroup
Added: Jul 26
Changed: Oct 14
Last Checked: Oct 16 at 5:33PM
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 Rothwell Gornt Companies
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Investment Insights
Based on property information with market context.
This fourplex contains four two-bedroom, one-bath residences totaling 3,212 square feet. Each unit has an open floor plan, tile and vinyl flooring, and a separate laundry area. The property is located within Lake Mead Villas, a planned community with mature landscaping, a playground, and a pool.
The property is at 1830 Dwarf Star Dr in Las Vegas, near schools and shopping. Association services include sewer, trash, community landscaping, exterior building maintenance, and roof repairs. The community setting and consistent unit layouts provide a uniform residential configuration.
The property is at 1830 Dwarf Star Dr in Las Vegas, near schools and shopping. Association services include sewer, trash, community landscaping, exterior building maintenance, and roof repairs. The community setting and consistent unit layouts provide a uniform residential configuration.
Key Highlights
- Fourplex with four 2‑bedroom, 1‑bath units
- 3,212 square feet of total property size
- Separate laundry area in each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,530
Cap Rate
6.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$690,600
$690.6K
Cap Rate 7%
$493,286
$493.3K
Cap Rate 9%
$383,667
$383.7K
Market Conditions
NOI Build-Up for 3,212 SF
Gross rent
$52.0K $16.20/SF
− Vacancy
−$2.7K −$0.84/SF
EGI
$49.3K $15.36/SF
− OpEx
−$14.8K −$4.61/SF
NOI
$34.5K $10.75/SF
Area
ZIP 89115
Vacancy
5.20%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$690,600
Cap Rate 7%
$493,286
Cap Rate 9%
$383,667
Alternative Uses
Best Use
Multifamily LT 5
$493.3K
$431.6K – $575.5K
NOI $34,530 @ 7.0% cap · market cap 6.11%
Second Best
Apartment 5plus
$455.5K
$398.6K – $531.5K
NOI $31,887 @ 7.0% cap · market cap 5.64%
Theoretical Best
Office A
$960.3K
$840.3K – $1.12M
NOI $67,221 @ 7.0% cap · market cap 11.90%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
451
Businesses Nearby
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Business Placement
Demographics for 89115, NV
67,043
Population
21,670
Households
3.1
Avg Household Size
29
Median Age
9%
College-Educated
70%
High-School Grad
24.9 sq mi
ZIP Area
2,692
Density / Sq Mi
$49,648
Median Household Income
$32,198
Median Earnings
$1,294
Median Rent
$258,900
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
Frequently Asked Questions
What type of property is this?
Quadplex - Four two-bedroom residences offer open layouts, individual laundry areas, and durable tile and vinyl flooring.
Where is this quadplex located?
The property is located at 1830 Dwarf Star Drive Las Vegas, NV.
What is the asking price?
The asking price for this property is $565,000.
What are key features of this property?
This property features: Fourplex with four 2‑bedroom, 1‑bath units; 3,212 square feet of total property size; Separate laundry area in each unit
