2252 Ellis Street, North Las Vegas, NV 89030
MULTI_FAMILY - Other - North Las Vegas, NV
- Added:
- Oct 15, 2025
- Days on Market:
- 256
- Last Refresh:
- Jun 27 at 4:06 pm
Property Features for 2252 Ellis Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Interior features
- Storage
- Appliances
- Oven, Range, Refrigerator
- Standard status
- Active
- APN
- 139-24-110-260
- Size
- 3,008 SF
- Lot size
- 0.19 Acres
Taxes and HOA fees
- Tax Annual Amount
- 1167
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central, Electric (Heating)
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1963
- Floors in Building
- 1
- Number of units
- 4
- Flooring type
- Tile, Vinyl
- Building materials
- Stucco, Wood Frame
- Roof type
- Flat
- Architectural style
- Other
- Additional Structures
- Storage
Listing agent Catherine Hyde License #S.0070366 (702) 408-2289
Listing office Simply Vegas 1780 Horizon Ridge Pkwy #100, Henderson, NV (702) 568-6800
Listing date Oct 15, 2025
Copyright © 2026 Las Vegas REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Fully occupied single‑story fourplex with four 2‑bedroom, 1‑bath units
- In‑place 6.21% cap rate; estimated 8.57% pro forma cap rate through continued rental optimization
- Capital improvements include new roof (2020), 100‑gallon water heater (2023), and gas line replacement (2024)
- Commercial coin‑operated laundry equipment installed (2025) plus shared laundry facilities
- Dual‑pane windows and remodeled kitchens with upgraded plumbing; HVAC systems serviced
- Public water and public sewer; flat roof; tile and vinyl flooring; central heating and central air
Overview
The asset is located at 2252 Ellis Street in North Las Vegas, Nevada (89030). Set on approximately 0.19 acres, it is positioned within an established North Las Vegas rental market with convenient access to major employment centers, shopping, schools, and transportation.
For investors or owner-operators seeking a turnkey residential income property, the current in-place performance is supported by the listing’s stated 6.21% cap rate and an estimated 8.57% pro forma cap rate through continued rental optimization. With the property already fully occupied and benefitting from the listed replacement and upgrade history, it may offer a practical blend of near-term income and reduced near-term deferred maintenance.
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 | $52.3k | $17.40 |
| − Vacancy | −$3.4k | −$1.13 |
| EGI | $48.9k | $16.27 |
| − OpEx | −$14.7k | −$4.88 |
| NOI | $34.3k | $11.39 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- North Las Vegas
- County
- Clark
- State
- Nevada
- Longitude
- -115.108756
- Latitude
- 36.201507
