Four-Unit Multifamily
New
For Sale
$575,000
2021 Daley St, North Las Vegas, NV 89030
R-3-zoned multifamily property with four separate residential units and a practical layout.
Property Size2,889 SF
Lot Size0.19 Acres
Price / SF$199.03
Days on Market4
Property Features for 2021 Daley St
General Information
Standard status
Active
Size
2,889 SF
Lot size
0.19 Acres
Property subtype
Multi Family
Zoning
R-3
Additional Details
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$1,184
Building Details
Building Size
2,889 SF
Year Built
1962
Stories
1
Units
4
Listing Agency:
DH CAPITAL REALTY
(702) 292-2024
Listed By:
Ana M. Alvarez Leon · License #S.0197095
(702) 292-2024
Source:
Elliman
Added: Aug 19
Changed: Aug 20
Last Checked: Aug 22 at 8:02AM
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 DH CAPITAL REALTY
Investment Insights
Based on property information with market context.
This four-unit multifamily property at 2021 Daley St in North Las Vegas provides approximately 2,889 square feet of living space across four separate units. The property sits on an 8,276-square-foot lot and carries R-3 multifamily zoning. Built in 1962, it offers a defined residential income configuration within an established neighborhood setting.
The property is positioned near major roads, shopping, dining, schools, and everyday amenities. Walkability and transportation access are reflected in a Walk Score of 69, a Bike Score of 71, and a Transit Score of 39. The four-unit layout and multifamily zoning provide a straightforward configuration for continued residential use.
The property is positioned near major roads, shopping, dining, schools, and everyday amenities. Walkability and transportation access are reflected in a Walk Score of 69, a Bike Score of 71, and a Transit Score of 39. The four-unit layout and multifamily zoning provide a straightforward configuration for continued residential use.
Key Highlights
- Four separate residential units
- Approximately 2,889 square feet of living space
- 8,276‑square‑foot lot
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$32,901
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.72%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$658,020
$658.0K
Cap Rate 7%
$470,014
$470.0K
Cap Rate 9%
$365,567
$365.6K
Market Conditions
NOI Build-Up for 2,889 SF
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.
Gross rent
$50.3K $17.40/SF
− Vacancy
−$3.3K −$1.13/SF
EGI
$47.0K $16.27/SF
− OpEx
−$14.1K −$4.88/SF
NOI
$32.9K $11.39/SF
Area
North Las Vegas, NV
Vacancy
6.50%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$658,020
Cap Rate 7%
$470,014
Cap Rate 9%
$365,567
Alternative Uses
Best Use
Multifamily LT 5
$470.0K
$411.3K – $548.4K
NOI $32,901 @ 7.0% cap · market cap 5.72%
Second Best
Apartment 5plus
$434.4K
$380.1K – $506.8K
NOI $30,405 @ 7.0% cap · market cap 5.29%
Theoretical Best
Office A
$781.8K
$684.1K – $912.1K
NOI $54,727 @ 7.0% cap · market cap 9.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,252
Businesses Nearby
Explore this area
Business Placement
Demographics for 89030, NV
56,399
Population
16,632
Households
3.4
Avg Household Size
30
Median Age
5%
College-Educated
58%
High-School Grad
9.5 sq mi
ZIP Area
5,937
Density / Sq Mi
$46,204
Median Household Income
$31,787
Median Earnings
$1,139
Median Rent
$237,300
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?
Quadplex - R-3-zoned multifamily property with four separate residential units and a practical layout.
Where is this quadplex located?
The property is located at 2021 Daley St North Las Vegas, NV.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Four separate residential units; Approximately 2,889 square feet of living space; 8,276‑square‑foot lot
