Four-Unit Quadplex with In-Unit
2185 Exeter Drive, Las Vegas, NV 89156
For Sale
$675,000
Residential, Las Vegas, NV
Property Size3,692 SF
Lot Size0.19 Acres
Price / SF$182.83
Days on Market99
Property Features for 2185 Exeter Drive
General Information
Property type
Property subtype
Appliances
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
Amenities
in-unit washer and dryer
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Roof type
Architectural style
Listing Agency:
Executive Realty Services
(702) 278-8871
Listed By:
Justin Bezanski · License NV S.0184531
(702) 885-3013
Added: Aug 7
Changed: Nov 10
Last Checked: Nov 13 at 11:06PM
MLS# 2807168
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 four-unit residential property contains 3,692 square feet and was built in 1981. Each apartment has two bedrooms, two bathrooms, and its own washer and dryer. Interior features include tile flooring, central heating and air conditioning, and kitchens equipped with an oven, range, refrigerator, disposal, range hood, and exhaust fan. Stucco construction and a flat roof complete the existing improvements.
The property occupies 0.19 acres at 2185 Exeter Drive in Las Vegas, Nevada. Public water and public sewer serve the site, while shopping, schools, and dining are located minutes away. The absence of an HOA provides a straightforward ownership structure for this four-unit asset.
The property occupies 0.19 acres at 2185 Exeter Drive in Las Vegas, Nevada. Public water and public sewer serve the site, while shopping, schools, and dining are located minutes away. The absence of an HOA provides a straightforward ownership structure for this four-unit asset.
Key Highlights
- Four 2‑bedroom, 2‑bath units
- 3,692 square feet on 0.19 acres
- In‑unit washer and dryer in every apartment
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,495
Cap Rate
6.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$849,900
$849.9K
Cap Rate 7%
$607,071
$607.1K
Cap Rate 9%
$472,167
$472.2K
Market Conditions
NOI Build-Up for 3,692 SF
Gross rent
$64.2K $17.40/SF
− Vacancy
−$3.5K −$0.96/SF
EGI
$60.7K $16.44/SF
− OpEx
−$18.2K −$4.93/SF
NOI
$42.5K $11.51/SF
Area
Las Vegas, NV
Vacancy
5.50%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$849,900
Cap Rate 7%
$607,071
Cap Rate 9%
$472,167
Alternative Uses
Best Use
Multifamily LT 5
$607.1K
$531.2K – $708.3K
NOI $42,495 @ 7.0% cap · market cap 6.30%
Second Best
Apartment 5plus
$561.0K
$490.9K – $654.5K
NOI $39,270 @ 7.0% cap · market cap 5.82%
Theoretical Best
Specialty Retail
$1.28M
$1.12M – $1.49M
NOI $89,302 @ 7.0% cap · market cap 13.23%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
289
Businesses Nearby
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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
$288,800
Median Home Value
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Market
Average Price Trend$/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 - Four residential units offer two-bedroom, two-bath layouts with private laundry and no HOA.
Where is this quadplex located?
The property is located at 2185 Exeter Drive Las Vegas, NV.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: Four 2‑bedroom, 2‑bath units; 3,692 square feet on 0.19 acres; In‑unit washer and dryer in every apartment
