Four-Unit Residential Income
1872 Cosmic Drive Las Vegas, NV 89115
New
MULTI_FAMILY - Other - Las Vegas, NV
Property size:
3,212 SFLot size:
0.16 AcresPrice / SF:
$172/SF- Added:
- Jul 9, 2026
- Days on Market:
- 2
- Last Refresh:
- Jul 10 at 5:06 pm
Property Features for 1872 Cosmic Drive
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Window features
- Blinds
- Interior features
- Ceiling Fan(s), Window Treatments
- Appliances
- Dryer, Dishwasher, Disposal, Refrigerator, Washer
- Standard status
- Active
- APN
- 140-19-712-013
- Size
- 3,212 SF
- Lot size
- 0.16 Acres
Taxes and HOA fees
- Tax Annual Amount
- 2670
Utilities
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating), Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1986
- Floors in Building
- 2
- Number of units
- 4
- Flooring type
- Tile, Vinyl
- Building materials
- Wood Frame
- Architectural style
- Other
Listing agent Ryan Crighton License #BS.0000254 (702) 217-1048
Listing office Rothwell Gornt Companies 105 N Pecos Rd Ste 140, Henderson, NV (702) 932-8813
Listing date Jul 9, 2026
MLS# 2798939
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 residential income property was built in 1986 and consists of four spacious 2-bedroom, 1-bath units. Each unit includes a large living room with a fireplace, a dining area off the kitchen, and a private laundry room. Appliances are included, with each unit provided a refrigerator, washer, dryer, and dishwasher. The property also features recent updates.
Set within Lake Mead Villas, a well-maintained planned community with mature landscaping and pool and spa amenities, the community is described as being located in Northeast Las Vegas near Nellis AFB, schools, and public transit.
HOA fees cover trash, sewer, exterior upkeep, roof, landscaping, common utilities, and pool/spa access.
Set within Lake Mead Villas, a well-maintained planned community with mature landscaping and pool and spa amenities, the community is described as being located in Northeast Las Vegas near Nellis AFB, schools, and public transit.
HOA fees cover trash, sewer, exterior upkeep, roof, landscaping, common utilities, and pool/spa access.
Key Highlights
- Planned community property built in 1986 with mature landscaping, pool, and spa
- Four units with 2 bedrooms and 1 bath each, totaling 3,212 SF
- Each unit includes a refrigerator, washer, dryer, dishwasher, and private laundry room
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 | $52.0k | $16.20 |
| − Vacancy | −$2.7k | −$0.84 |
| EGI | $49.3k | $15.36 |
| − OpEx | −$14.8k | −$4.61 |
| NOI | $34.5k | $10.75 |
3,212 SF · lease $16.20/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$493.3K
$431.6K – $575.5K
NOI $34,530 @ 7.0% cap · market cap 6.22%
Second Best
Apartment 5plus
$455.5K
$398.6K – $531.5K
NOI $31,887 @ 7.0% cap · market cap 5.75%
Theoretical Best
Office A
$960.3K
$840.3K – $1.12M
NOI $67,221 @ 7.0% cap · market cap 12.11%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Evely roses creations
(Bike/Boat/Book/etc) Store
ScrubberPal
Home Help
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Four 2-bedroom, 1-bath units with in-unit laundry and recent updates in a planned community with pool and spa access.
Where is this quadplex located?
The property is located at 1872 Cosmic Drive Las Vegas, NV.
What is the asking price?
The asking price for this property is $555,000.
What are key features of this property?
This property features: Planned community property built in 1986 with mature landscaping, pool, and spa; Four units with 2 bedrooms and 1 bath each, totaling 3,212 SF; Each unit includes a refrigerator, washer, dryer, dishwasher, and private laundry room
