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Las Vegas Fourplex Investment Opportunity

2230 N Lamb Blvd Las Vegas, NV 89115

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Four-unit property with immediate income potential in Las Vegas.

Type:Multifamily
Property size:
3,056 SF
Price / SF:
$212.66/SF
Added:
Mar 5, 2026
Days on Market:
131
Last Refresh:
Jun 28 at 11:32 pm

Property Features for 2230 N Lamb Blvd

General Information

Standard status
Active
Size
3,056 SF
Property subtype
Multifamily

Building Details

Year Built
1971

Listing office United Realty Group

Listing date Mar 5, 2026

Source Crexi

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


Investment Insights

Based on property information with market context.

This multifamily property in Las Vegas presents an investment opportunity with immediate income potential. The property consists of four units, each featuring a 2-bedroom, 1-bath layout. On-site laundry facilities are available for tenant convenience. The property has been recently painted and is well maintained. The property is suitable for investors seeking steady cash flow or owner-occupants looking to offset their mortgage with rental income. All four units are currently leased. The property size is 3056 square feet. An additional adjacent fourplex owned by the seller is also available for sale, and the seller prefers to sell both properties together.

Key Highlights

  • Immediate income potential with all four units currently leased.
  • Each unit features a desirable 2‑bedroom, 1‑bath layout.
  • On‑site laundry provides tenant convenience.

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 $49.5k $16.20
− Vacancy −$2.6k −$0.84
EGI $46.9k $15.36
− OpEx −$14.1k −$4.61
NOI $32.9k $10.75
3,056 SF · lease $16.20/SF/yr · vacancy 5.20% · expense 30.00%

Alternative Uses

Best Use
Multifamily LT 5
$469.3K
$410.7K – $547.6K (±1% cap)
NOI $32,853 @ 7.0% cap · market cap 5.06%
Second Best
Apartment 5plus
$433.4K
$379.2K – $505.6K (±1% cap)
NOI $30,338 @ 7.0% cap · market cap 4.67%
Theoretical Best
Office A
$913.7K
$799.5K – $1.07M (±1% cap)
NOI $63,956 @ 7.0% cap · market cap 9.84%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Quadplexes

Suggested Use

Real Estate Agency Law Firm Dental Office HVAC Service Nail Salon Accounting Firm Computer & Electronic Repair (Bike/Boat/Book/etc) Store Skin Care Clinic (Bike/Boat/Book/etc) Store

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Quadplex - Four-unit property with immediate income potential in Las Vegas.
Where is this quadplex located?
The property is located at 2230 N Lamb Blvd Las Vegas, NV.
What is the asking price?
The asking price for this property is $649,900.
What are key features of this property?
This property features: Immediate income potential with all four units currently leased.; Each unit features a desirable 2‑bedroom, 1‑bath layout.; On‑site laundry provides tenant convenience.
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