4-Unit Quadplex with Laundry
2209 Exeter Drive, Las Vegas, NV 89156
For Sale
$629,500
All four residences are leased and include private laundry rooms.
Property Size3,692 SF
Days on Market32
Property Features for 2209 Exeter Drive
General Information
Standard status
Size
Property subtype
Occupancy
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
in-unit laundry
city views
Building Details
Building Size
Year Built
Listing Agency:
United Realty Group
Listed By:
Margarita D. Hechavarria King · License #S.0201206
(702) 592-6405
Source:
Usarealty
Added: Oct 9
Changed: Nov 7
Last Checked: Nov 8 at 4:41PM
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 United Realty Group
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1983, this four-unit residential property has a consistent layout across the building: each residence offers two bedrooms, two bathrooms, and a full-size laundry room. All four units are currently rented. The parking area has been repaved, and the property is in the Sunrise Mountain area of Las Vegas.
Key Highlights
- Four units, all currently rented
- Each unit has 2 bedrooms and 2 bathrooms
- Private full‑size laundry room in every unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,495
Cap Rate
6.75%
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 6.75%
Second Best
Apartment 5plus
$561.0K
$490.9K – $654.5K
NOI $39,270 @ 7.0% cap · market cap 6.24%
Theoretical Best
Specialty Retail
$1.28M
$1.12M – $1.49M
NOI $89,302 @ 7.0% cap · market cap 14.19%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
289
Businesses Nearby
Explore this area
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
$288,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/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 - All four residences are leased and include private laundry rooms.
Where is this quadplex located?
The property is located at 2209 Exeter Drive Las Vegas, NV.
What is the asking price?
The asking price for this property is $629,500.
What are key features of this property?
This property features: Four units, all currently rented; Each unit has 2 bedrooms and 2 bathrooms; Private full‑size laundry room in every unit
