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    North Las Vegas Fourplex Opportunity Title is generated by Realmo AI

    2321 Ellis Street, North Las Vegas, NV 89030

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    Claim this Listing
    For Sale
    $619,000

    MULTI_FAMILY - Other - North Las Vegas, NV

    Property size:
    3,040 SF
    Lot size:
    0.20 Acres
    Price / SF:
    $203/SF
    Added:
    Apr 20, 2026
    Days on Market:
    79
    Last Refresh:
    Jul 7 at 1:06 pm

    Property Features for 2321 Ellis Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Window features
    Blinds
    Interior features
    Window Treatments
    Appliances
    Disposal, Oven, Range
    Standard status
    Active
    APN
    139-24-110-234
    Size
    3,040 SF
    Lot size
    0.20 Acres

    Taxes and HOA fees

    Tax Annual Amount
    1096

    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, Tile - Ceramic
    Building materials
    Stucco
    Roof type
    Composition, Shingle
    Architectural style
    Other

    We can help!

    Contact an agent
    Derek Moellinger

    Listing agent Derek Moellinger License #B.1006381

    Listing office Vice Realty 1900 Western Ave, Las Vegas, NV

    Listing date Apr 20, 2026

    MLS# 2774671 Listing URL

    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

    • Solid income‑producing fourplex with strong rental potential.
    • Four 2‑bedroom, 1‑bath units (total 8 beds, 4 baths).
    • Convenient location near schools, shopping, and transit.
    • Ample parking available for tenants.
    • On‑site laundry facilities.
    • Tile flooring throughout all units.

    Overview

    The property at 2321 Ellis Street in North Las Vegas, NV 89030 is a single-story fourplex constructed in 1963. The building contains four units, each featuring 2 bedrooms and 1 bathroom, for a total of 8 beds and 4 baths. Interior features include tile flooring and basic appliances. On-site laundry facilities are available. Ample parking is provided. The property is situated on a lot of 0.2 acres. The building has a total area of 3040 square feet. The location offers convenient access to schools, shopping, and public transportation. This property presents a solid income-producing opportunity with strong rental potential.

    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 $52.9k $17.40
    − Vacancy −$3.4k −$1.13
    EGI $49.5k $16.27
    − OpEx −$14.8k −$4.88
    NOI $34.6k $11.39
    3,040 SF · lease $17.40/SF/yr · vacancy 6.50% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $494.6K
    $432.8K – $577.0K (±1% cap)
    NOI $34,620 @ 7.0% cap · market cap 5.59%
    Second Best
    Apartment 5plus
    $457.1K
    $399.9K – $533.2K (±1% cap)
    NOI $31,994 @ 7.0% cap · market cap 5.17%
    Theoretical Best
    Office A
    $822.7K
    $719.8K – $959.8K (±1% cap)
    NOI $57,587 @ 7.0% cap · market cap 9.30%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Real Estate Agency Law Firm Gym & Fitness Center Skin Care Clinic Kitchen & Bath Showroom Nursing Home HVAC Service (Bike/Boat/Book/etc) Store Carpet & Flooring Store Garden Center

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

    Location Insight

    • Map
    • Local Demand
    City
    North Las Vegas
    County
    Clark
    State
    Nevada
    Longitude
    -115.109437
    Latitude
    36.202545

    FAQs

    What type of property is this?
    Quadplex - Single-story fourplex with strong rental potential near schools and shopping.
    Where is this quadplex located?
    The property is located at 2321 Ellis Street North Las Vegas, NV.
    What is the asking price?
    The asking price for this property is $619,000.
    What are key features of this property?
    This property features: Solid income‑producing fourplex with strong rental potential.; Four 2‑bedroom, 1‑bath units (total 8 beds, 4 baths).; Convenient location near schools, shopping, and transit.
    More about this property
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