Seven-Unit Apartment
For Sale
Contact for pricing
2204 SUNRISE AVE, Las Vegas, NV 89101
For sale seven-unit apartment building in Las Vegas with total size listed at 4,040 square feet.
Property Size4,040 SF
Price / SF$233.91
Days on Market111
Property Features for 2204 SUNRISE AVE
General Information
Standard status
Active
Size
4,040 SF
Property subtype
Multifamily
Zoning
R-4
Site & Location
Neighborhood
East Fremont
Additional Details
Multifamily Units
7
Building Details
Year Built
1961
Stories
1
Units
7
Listing Agency:
Northcap Commercial
Listed By:
Jerad Roberts · License #NV 144595
Source:
Crexi
Added: Jul 7
Changed: Oct 12
Last Checked: Oct 24 at 5:04PM
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 Northcap Commercial
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Investment Insights
Based on property information with market context.
This for-sale apartment building features 7 units and a total property size listed at 4,040 square feet. The asset is categorized as an apartment building and residential income property.
The property is located at 2204 Sunrise Ave in Las Vegas, Nevada 89101. For more details on the unit mix and current configuration, interested parties should inquire with the listing broker.
The property is located at 2204 Sunrise Ave in Las Vegas, Nevada 89101. For more details on the unit mix and current configuration, interested parties should inquire with the listing broker.
Key Highlights
- Seven‑unit apartment building in Las Vegas, NV
- Built in 1961
- Total building size listed at 4,040 SF
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,972
Cap Rate
4.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$859,440
$859.4K
Cap Rate 7%
$613,886
$613.9K
Cap Rate 9%
$477,467
$477.5K
Market Conditions
NOI Build-Up for 4,040 SF
Gross rent
$82.4K $20.40/SF
− Vacancy
−$4.3K −$1.06/SF
EGI
$78.1K $19.34/SF
− OpEx
−$35.2K −$8.70/SF
NOI
$43.0K $10.64/SF
Area
Las Vegas, NV
Vacancy
5.20%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$859,440
Cap Rate 7%
$613,886
Cap Rate 9%
$477,467
Alternative Uses
Best Use
Apartment 5plus
$613.9K
$537.2K – $716.2K
NOI $42,972 @ 7.0% cap · market cap 4.55%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.40M
$1.22M – $1.63M
NOI $97,719 @ 7.0% cap · market cap 10.34%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
7
Residential units
Location Intelligence
Trade Area within ½ mile
1,491
Businesses Nearby
Explore this area
Business Placement
Demographics for 89101, NV
42,465
Population
18,258
Households
2.3
Avg Household Size
35
Median Age
11%
College-Educated
66%
High-School Grad
5.4 sq mi
ZIP Area
7,864
Density / Sq Mi
$38,653
Median Household Income
$29,471
Median Earnings
$1,008
Median Rent
$258,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - For sale seven-unit apartment building in Las Vegas with total size listed at 4,040 square feet.
Where is this apartment building located?
The property is located at 2204 SUNRISE AVE Las Vegas, NV.
What is the asking price?
The asking price for this property is $945,000.
What are key features of this property?
This property features: Seven‑unit apartment building in Las Vegas, NV; Built in 1961; Total building size listed at 4,040 SF
