Two-Building Quadplex
For Sale
$900,000
2321 North Jones Boulevard, Las Vegas, NV 89108
Each residence offers two bedrooms, two full bathrooms, in-unit laundry, and a separate storage area.
Property Size3,834 SF
Price / SF$234.74
Days on Market292
Property Features for 2321 North Jones Boulevard
General Information
Standard status
Active
Size
3,834 SF
Property subtype
Multi Family
Units
Unit Mix
8 x 2BR/2BA
Multifamily Units
8
Taxes and HOA fees
Annual Taxes
$4,314
Building Details
Building Size
3,834 SF
Year Built
1984
Buildings
2
Listing Agency:
Presidio Real Estate Services
Listed By:
Rebecca L. Cordova · License #S.0171584
(702) 879-2557
Source:
Mahsheed
Added: Jan 9
Changed: Oct 26
Last Checked: Oct 26 at 11:59AM
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 Presidio Real Estate Services
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Investment Insights
Based on property information with market context.
This offering comprises two neighboring quadplex buildings, each with four two-bedroom, two-bathroom residences. Unit features include living room fireplaces, separate laundry rooms, storage areas, and vinyl and tile flooring. Appliances convey with the sale, and the roofs are new. The buildings were constructed in 1984.
Clark County business license requirements have been completed, and fire marshal inspections have been approved. The property has no HOA.
Clark County business license requirements have been completed, and fire marshal inspections have been approved. The property has no HOA.
Key Highlights
- Two adjacent quadplex buildings, with four units in each
- Each unit has 2 bedrooms and 2 full bathrooms
- Living room fireplace, separate laundry room, and storage area in each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,376
Cap Rate
5.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,007,520
$1.0M
Cap Rate 7%
$719,657
$719.7K
Cap Rate 9%
$559,733
$559.7K
Market Conditions
NOI Build-Up for 3,834 SF
Gross rent
$75.9K $19.80/SF
− Vacancy
−$3.9K −$1.03/SF
EGI
$72.0K $18.77/SF
− OpEx
−$21.6K −$5.63/SF
NOI
$50.4K $13.14/SF
Area
ZIP 89108
Vacancy
5.20%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,007,520
Cap Rate 7%
$719,657
Cap Rate 9%
$559,733
Alternative Uses
Best Use
Multifamily LT 5
$719.7K
$629.7K – $839.6K
NOI $50,376 @ 7.0% cap · market cap 5.60%
Second Best
Apartment 5plus
$645.6K
$564.9K – $753.2K
NOI $45,194 @ 7.0% cap · market cap 5.02%
Theoretical Best
Office A
$1.30M
$1.14M – $1.51M
NOI $90,829 @ 7.0% cap · market cap 10.09%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Lease Details
8
Residential units
Location Intelligence
Trade Area within ½ mile
555
Businesses Nearby
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Business Placement
Demographics for 89108, NV
73,637
Population
28,377
Households
2.6
Avg Household Size
35
Median Age
15%
College-Educated
80%
High-School Grad
8.9 sq mi
ZIP Area
8,274
Density / Sq Mi
$57,403
Median Household Income
$36,383
Median Earnings
$1,431
Median Rent
$304,400
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Each residence offers two bedrooms, two full bathrooms, in-unit laundry, and a separate storage area.
Where is this quadplex located?
The property is located at 2321 North Jones Boulevard Las Vegas, NV.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: Two adjacent quadplex buildings, with four units in each; Each unit has 2 bedrooms and 2 full bathrooms; Living room fireplace, separate laundry room, and storage area in each unit
