Maintained Fourplex with Community
For Sale
$565,000
1830 Dwarf Star Drive, Las Vegas, NV 89115
Residential, Las Vegas, NV
Property Size3,212 SF
Lot Size0.21 Acres
Price / SF$175.90
Days on Market56
Property Features for 1830 Dwarf Star Drive
General Information
Property type
Residential Multi Family
Property subtype
Other
Appliances
Refrigerator
Subdivision
Lake Mead Villas
Elementary school
,
Directions
W on Lake Mead from Lamb, S on Dwarf Star
Standard status
Active
APN
140-19-712-026
Size
3,212 SF
Lot size
0.21 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Annual Amount
2086
Utilities
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Central Air
Water source
Public
Amenities
pool
playground
mature landscaping
washer/dryer in each unit
Building Details
Year built
1987
Floors in Building
2
Number of units
4
Flooring type
Tile, Vinyl
Building materials
Wood Frame
Architectural style
Other
Listing Agency:
Rothwell Gornt Companies
(702) 932-8813
Listed By:
Ryan Crighton · License #BS.0000254
(702) 217-1048
Added: Sep 3
Changed: Oct 24
Last Checked: Oct 28 at 6:06AM
MLS# 2815691
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 fourplex contains four two-bedroom, one-bath units within a 3,212-square-foot property on 0.21 acres. Each residence has an open floor plan, tile and vinyl flooring, a refrigerator, and its own washer and dryer. Central air and electric heating serve the building, which uses wood-frame construction and was built in 1987.
The property is part of Lake Mead Villas, a planned community with controlled access, mature landscaping, a playground, and a swimming pool. HOA services include sewer, trash, community landscaping, exterior building maintenance, and roof repairs. Public water and public sewer serve the property, which is located near schools and shopping in Las Vegas.
The property is part of Lake Mead Villas, a planned community with controlled access, mature landscaping, a playground, and a swimming pool. HOA services include sewer, trash, community landscaping, exterior building maintenance, and roof repairs. Public water and public sewer serve the property, which is located near schools and shopping in Las Vegas.
Key Highlights
- Four units, each with 2 bedrooms and 1 bathroom
- 3,212‑square‑foot property on 0.21 acres
- Every unit includes a washer and dryer
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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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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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Four two-bedroom residences feature open layouts, in-unit laundry, durable flooring, and central heating and cooling.
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: Four units, each with 2 bedrooms and 1 bathroom; 3,212‑square‑foot property on 0.21 acres; Every unit includes a washer and dryer
