Las Vegas Fourplex Investment
For Sale
$619,900
2230 North Lamb Boulevard, Las Vegas, NV 89115
Four-unit property with immediate income potential in Las Vegas.
Property Size3,056 SF
Price / SF$202.85
Days on Market201
Property Features for 2230 North Lamb Boulevard
General Information
Standard status
Active
Size
3,056 SF
Property subtype
Multi-Family
Building Details
Year Built
1971
Listing Agency:
United Realty Group
Listed By:
Margarita D. Hechavarria King · License #S.0201206
(702) 592-6405
Source:
Tmgluxury
Added: Mar 27
Changed: Oct 1
Last Checked: Oct 12 at 11:07PM
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.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,853
Cap Rate
5.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$657,060
$657.1K
Cap Rate 7%
$469,329
$469.3K
Cap Rate 9%
$365,033
$365.0K
Market Conditions
NOI Build-Up for 3,056 SF
Gross rent
$49.5K $16.20/SF
− Vacancy
−$2.6K −$0.84/SF
EGI
$46.9K $15.36/SF
− OpEx
−$14.1K −$4.61/SF
NOI
$32.9K $10.75/SF
Area
ZIP 89115
Vacancy
5.20%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$657,060
Cap Rate 7%
$469,329
Cap Rate 9%
$365,033
Alternative Uses
Best Use
Multifamily LT 5
$469.3K
$410.7K – $547.6K
NOI $32,853 @ 7.0% cap · market cap 5.30%
Second Best
Apartment 5plus
$433.4K
$379.2K – $505.6K
NOI $30,338 @ 7.0% cap · market cap 4.89%
Theoretical Best
Office A
$913.7K
$799.5K – $1.07M
NOI $63,956 @ 7.0% cap · market cap 10.32%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
467
Businesses Nearby
Explore this area
Business Placement
Demographics for 89115, NV
67,043
Population
21,670
Households
3.1
Avg Household Size
29
Median Age
9%
College-Educated
70%
High-School Grad
24.9 sq mi
ZIP Area
2,692
Density / Sq Mi
$49,648
Median Household Income
$32,198
Median Earnings
$1,294
Median Rent
$258,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
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 North Lamb Boulevard Las Vegas, NV.
What is the asking price?
The asking price for this property is $619,900.
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.
