Six-Unit Apartment
For Sale
$724,900
1967 Linn Lane, Las Vegas, NV 89156
Gated six-unit apartment property built in 1963 with a mix of studio and two-bedroom units.
Lot Size0.19 Acres
Days on Market13
Property Features for 1967 Linn Lane
General Information
Standard status
Active
Lot size
0.19 Acres
Property subtype
Multi Family
Units
Unit Mix
4 x 2BR/1BA, 2 x studio
Multifamily Units
6
Amenities
gated property
Building Details
Building Size
3,008 SF
Year Built
1963
Listing Agency:
Rothwell Gornt Companies
(702) 217-1048
Listed By:
Ryan Crighton · License #BS.0000254
(702) 217-1048
Source:
Usarealty
Added: Jul 20
Changed: Jul 30
Last Checked: Aug 1 at 11:12AM
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
Investment Insights
Based on property information with market context.
Six-unit apartment building featuring four two-bedroom, one-bath units and two studio units. The property is gated, providing added resident security, and includes a generous 8,276-square-foot lot that supports outdoor space.
Built in 1963, the asset is positioned with easy access to Lake Mead Blvd and nearby shopping destinations, while maintaining a quiet residential setting.
For buyers evaluating residential income housing, the unit mix provides flexibility for different renter profiles, with studio units alongside the four two-bedroom, one-bath options. The property’s gated setup and outdoor area can support day-to-day tenant appeal within a small multifamily configuration.
Built in 1963, the asset is positioned with easy access to Lake Mead Blvd and nearby shopping destinations, while maintaining a quiet residential setting.
For buyers evaluating residential income housing, the unit mix provides flexibility for different renter profiles, with studio units alongside the four two-bedroom, one-bath options. The property’s gated setup and outdoor area can support day-to-day tenant appeal within a small multifamily configuration.
Key Highlights
- Six units with four two‑bedroom, one‑bath units and two studio units
- Gated property for added resident security
- 8,276‑square‑foot lot with outdoor space
Financial Insights For Apartment 5plus
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 | $61.4k | $20.40 |
| − Vacancy | −$3.2k | −$1.06 |
| EGI | $58.2k | $19.34 |
| − OpEx | −$26.2k | −$8.70 |
| NOI | $32.0k | $10.64 |
3,008 SF · lease $20.40/SF/yr · vacancy 5.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$457.1K
$399.9K – $533.3K
NOI $31,995 @ 7.0% cap · market cap 4.41%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.04M
$909.5K – $1.21M
NOI $72,757 @ 7.0% cap · market cap 10.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
290
Businesses Nearby
Explore this area
Business Placement
Demographics for 89156, NV
30,067
Population
10,413
Households
2.9
Avg Household Size
33
Median Age
14%
College-Educated
74%
High-School Grad
44.7 sq mi
ZIP Area
673
Density / Sq Mi
$69,783
Median Household Income
$36,342
Median Earnings
$1,354
Median Rent
$288,800
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Gated six-unit apartment property built in 1963 with a mix of studio and two-bedroom units.
Where is this apartment building located?
The property is located at 1967 Linn Lane Las Vegas, NV.
What is the asking price?
The asking price for this property is $724,900.
What are key features of this property?
This property features: Six units with four two‑bedroom, one‑bath units and two studio units; Gated property for added resident security; 8,276‑square‑foot lot with outdoor space
