Fourplex with Private
2270 Dolly Lane, Las Vegas, NV 89115
For Sale
New
$640,000
Residential, Las Vegas, NV
Property Size3,072 SF
Lot Size0.27 Acres
Price / SF$208.33
Days on Market1
Property Features for 2270 Dolly Lane
General Information
Property type
Property subtype
Elementary school
Directions
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Annual Amount
Utilities
Sewer type
Heating system
Cooling system
Water source
Amenities
tile floors
granite counters
fenced back yard
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Architectural style
Buildings
Listing Agency:
Rothwell Gornt Companies
(702) 932-8813
Listed By:
Ryan Crighton
(702) 217-1048
Added: Nov 9
Last Checked: Nov 9 at 9:06PM
MLS# 2833004
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.
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Investment Insights
Based on property information with market context.
This single-story fourplex contains four two-bedroom, one-bathroom units across 3,072 square feet. Each residence has tile flooring, granite counters, and its own fenced backyard. The 0.27-acre property was built in 1984, with stucco and wood-frame construction.
The roof, four air-conditioning units, and windows were replaced within the last 5–6 years. Central electric heat and central air serve the building, with public water and public sewer.
The roof, four air-conditioning units, and windows were replaced within the last 5–6 years. Central electric heat and central air serve the building, with public water and public sewer.
Key Highlights
- Four units, each with 2 bedrooms and 1 bathroom
- 3,072 square feet on a 0.27‑acre lot
- Roof, 4 AC units, and windows replaced within the last 5–6 years
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,025
Cap Rate
5.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$660,500
$660.5K
Cap Rate 7%
$471,786
$471.8K
Cap Rate 9%
$366,944
$366.9K
Market Conditions
NOI Build-Up for 3,072 SF
Gross rent
$49.8K $16.20/SF
− Vacancy
−$2.6K −$0.84/SF
EGI
$47.2K $15.36/SF
− OpEx
−$14.2K −$4.61/SF
NOI
$33.0K $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%
$660,500
Cap Rate 7%
$471,786
Cap Rate 9%
$366,944
Alternative Uses
Best Use
Multifamily LT 5
$471.8K
$412.8K – $550.4K
NOI $33,025 @ 7.0% cap · market cap 5.16%
Second Best
Apartment 5plus
$435.7K
$381.2K – $508.3K
NOI $30,497 @ 7.0% cap · market cap 4.77%
Theoretical Best
Office A
$918.4K
$803.6K – $1.07M
NOI $64,291 @ 7.0% cap · market cap 10.05%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
589
Businesses Nearby
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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
$258,900
Median Home Value
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Market
Average Price Trend$/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 - Four two-bedroom residences feature tile flooring, granite counters, and individual fenced outdoor areas.
Where is this quadplex located?
The property is located at 2270 Dolly Lane Las Vegas, NV.
What is the asking price?
The asking price for this property is $640,000.
What are key features of this property?
This property features: Four units, each with 2 bedrooms and 1 bathroom; 3,072 square feet on a 0.27‑acre lot; Roof, 4 AC units, and windows replaced within the last 5–6 years
