Quadplex with Laundry
New
For Sale
$629,500
2269 Exeter Drive, Las Vegas, NV 89156
The four-unit property combines two-bedroom residences with dedicated laundry rooms.
Property Size3,692 SF
Days on Market5
Property Features for 2269 Exeter Drive
General Information
Standard status
Active
Size
3,692 SF
Property subtype
Multi Family
Occupancy
75%
Units
Unit Mix
4 x 2BR/2BA
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$1,725
Amenities
full-size laundry room
city views
Building Details
Building Size
3,692 SF
Year Built
1983
Tenancy
Multi
Listing Agency:
United Realty Group
Listed By:
Margarita D. Hechavarria King · License #S.0201206
(702) 592-6405
Source:
Usarealty
Added: Oct 9
Changed: Oct 13
Last Checked: Oct 12 at 8:56PM
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.
Built in 1983, this quadplex contains four residences, each arranged with two bedrooms, two bathrooms, and a full-size laundry room. Three units are currently rented. The property also has a recently repaved parking area and city views.
Key Highlights
- Three of the four units are currently rented
- Each residence has 2 bedrooms, 2 bathrooms, and a full‑size laundry room
- Parking lot was recently repaved
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
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Current Use
Lease Details
4
Residential units
75%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
285
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
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Quadplex - The four-unit property combines two-bedroom residences with dedicated laundry rooms.
Where is this quadplex located?
The property is located at 2269 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: Three of the four units are currently rented; Each residence has 2 bedrooms, 2 bathrooms, and a full‑size laundry room; Parking lot was recently repaved
