Quadplex with Central
1871 Fulstone Way, Las Vegas, NV 89115
For Sale
$600,000
Residential, Las Vegas, NV
Property Size3,290 SF
Lot Size0.24 Acres
Price / SF$182.37
Days on Market55
Property Features for 1871 Fulstone Way
General Information
Property type
Property subtype
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
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Roof type
Architectural style
Listing Agency:
Vice Realty
Listed By:
Derek Moellinger · License NV B.1006381
(702) 825-4663
Added: Sep 21
Changed: Nov 10
Last Checked: Nov 14 at 1:06AM
MLS# 2820492
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 Las Vegas quadplex was built in 1983 and measures 3,290 square feet on a 0.24-acre lot. The property features stucco construction, tile flooring, a shingle and composition roof, and a central layout supported by natural gas heating and central air conditioning.
Public water and public sewer serve the property. Located in the 89115 area of Las Vegas, the asset provides a residential income configuration with established physical improvements and conventional utility service.
Public water and public sewer serve the property. Located in the 89115 area of Las Vegas, the asset provides a residential income configuration with established physical improvements and conventional utility service.
Key Highlights
- 3,290‑square‑foot quadplex on a 0.24‑acre lot
- Built in 1983
- Stucco construction with shingle and composition roof
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,369
Cap Rate
5.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$707,380
$707.4K
Cap Rate 7%
$505,271
$505.3K
Cap Rate 9%
$392,989
$393.0K
Market Conditions
NOI Build-Up for 3,290 SF
Gross rent
$53.3K $16.20/SF
− Vacancy
−$2.8K −$0.84/SF
EGI
$50.5K $15.36/SF
− OpEx
−$15.2K −$4.61/SF
NOI
$35.4K $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%
$707,380
Cap Rate 7%
$505,271
Cap Rate 9%
$392,989
Alternative Uses
Best Use
Multifamily LT 5
$505.3K
$442.1K – $589.5K
NOI $35,369 @ 7.0% cap · market cap 5.89%
Second Best
Apartment 5plus
$466.6K
$408.3K – $544.4K
NOI $32,661 @ 7.0% cap · market cap 5.44%
Theoretical Best
Office A
$983.6K
$860.7K – $1.15M
NOI $68,853 @ 7.0% cap · market cap 11.48%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Location Intelligence
Trade Area within ½ mile
615
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
$258,900
Median Home Value
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Market
Average Price Trend$/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 - Las Vegas quadplex with tile flooring, stucco construction, and public water and sewer service.
Where is this quadplex located?
The property is located at 1871 Fulstone Way Las Vegas, NV.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: 3,290‑square‑foot quadplex on a 0.24‑acre lot; Built in 1983; Stucco construction with shingle and composition roof
