4-Unit Multifamily
New
For Sale
$575,000
2021 Daley Street, North Las Vegas, NV 89030
MULTI_FAMILY - Other - North Las Vegas, NV
Property Size2,889 SF
Lot Size0.19 Acres
Price / SF$199.03
Days on Market6
Property Features for 2021 Daley Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking
6
Interior features
Ceiling Fan(s)
Appliances
Microwave, Oven, Range
Subdivision
Arrowhead Acres Tr
Elementary school
,
Directions
From Las Vegas Blvd, head north toward North Las Vegas. Turn left onto E Carey Ave, then right onto N Las Vegas Blvd. Turn left onto E Owens Ave, then right onto Daley St. Continue on Daley St to 2021 Daley St. Property will be on the right.
Standard status
Active
APN
139-24-210-091
Size
2,889 SF
Lot size
0.19 Acres
Taxes and HOA fees
Tax Annual Amount
1184
Utilities
Sewer type
Public Sewer
Heating system
Zoned, Electric (Heating)
Cooling system
Central Air
Water source
Public
Building Details
Year built
1962
Floors in Building
1
Number of units
4
Flooring type
Carpet, Tile
Building materials
Stucco
Roof type
Composition, Shingle
Architectural style
Other
Listing Agency:
DH Capital Realty
(702) 227-7171
Listed By:
Ana M. Alvarez Leon · License #S.0197095
(702) 292-2024
Added: Aug 17
Changed: Aug 18
Last Checked: Aug 22 at 7:06PM
MLS# 2810051
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.
Built in 1962, this 2,889-square-foot quadplex contains four separate residential units on a 0.19-acre parcel measuring 8,276 square feet. The property has stucco construction, composition and shingle roofing, carpet and tile flooring, ceiling fans, central air, and zoned electric heating. Appliances include a microwave, oven, and range.
The property is located at 2021 Daley Street in North Las Vegas, Clark County, Nevada, within ZIP Code 89030. It carries R-3 multifamily zoning and is served by public water and public sewer. The configuration provides four individual units within a single multifamily property.
The property is located at 2021 Daley Street in North Las Vegas, Clark County, Nevada, within ZIP Code 89030. It carries R-3 multifamily zoning and is served by public water and public sewer. The configuration provides four individual units within a single multifamily property.
Key Highlights
- Four‑unit quadplex with 2,889 square feet of living space
- 0.19‑acre parcel with an 8,276 square‑foot lot
- R‑3 multifamily zoning
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - R-3 zoning, public utilities, and four separate residential units support a compact multifamily configuration.
Where is this quadplex located?
The property is located at 2021 Daley Street 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‑unit quadplex with 2,889 square feet of living space; 0.19‑acre parcel with an 8,276 square‑foot lot; R‑3 multifamily zoning
