2201 James Bilbray Dr, Las Vegas, NV 89108
Meticulously maintained four-unit residential property with in-unit laundry and recent renovations managed by an HOA.
- Added:
- Jun 26, 2026
- Days on Market:
- 2
- Last Refresh:
- Jun 27 at 2:37 am
Property Features for 2201 James Bilbray Dr
General Information
- Standard status
- Active
- Size
- 3,840 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1998
Listing office Rothwell Gornt Companies (702) 217-1048
Listing date Jun 26, 2026
Source Elliman
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All listing content including descriptions, pricing, images are the copyrighted material of Rothwell Gornt Companies
HighLights
- Four‑plex built in 1998 with four residential units
- Each unit offers approx. 960 SF with 2 bedrooms and 2 full bathrooms
- Many units recently renovated with luxury vinyl flooring
- In‑unit washer and dryer included in every unit
- HOA manages water, trash, landscaping, exterior building maintenance, and pool services
- BikeScore 46, WalkScore 58, TransitScore 44
Overview
The property is located in the Northwest area and is positioned next to local schools. In addition to nearby retail and dining options, the surrounding area includes parks and other everyday amenities within a short walk, supporting tenant lifestyle needs.
For buyers considering a residential income strategy, the asset’s unit layout and in-unit laundry can appeal to tenants looking for functional, low-friction living. An HOA is in place and handles water, trash, landscaping, exterior building maintenance, and pool services, which can reduce day-to-day operating involvement. With a multi-unit setup and several units showing renovation updates, this property may fit investors seeking a managed four-plex with practical resident features.
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 | $76.0k | $19.80 |
| − Vacancy | −$4.0k | −$1.03 |
| EGI | $72.1k | $18.77 |
| − OpEx | −$21.6k | −$5.63 |
| NOI | $50.5k | $13.14 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Las Vegas
- County
- Clark
- State
- Nevada
- Longitude
- -115.237883
- Latitude
- 36.199997
