Fourplex Residential Income
For Sale
$609,000
2504 East Mesquite Avenue, Las Vegas, NV 89101
Fourplex with three 2-bedroom units and one 1-bedroom unit totaling approximately 2,870 square feet.
Property Size2,870 SF
Days on Market166
Property Features for 2504 East Mesquite Avenue
General Information
Standard status
Active
Size
2,870 SF
Property subtype
Multi Family
Site & Location
Neighborhood
Arthur McCants
Taxes and HOA fees
Annual Taxes
$1,661
Building Details
Building Size
2,870 SF
Year Built
1963
Listing Agency:
Fathom Realty
Listed By:
Alexis J. Davila Diaz · License #S.0201986
(702) 969-9540
Source:
Virtuelre
Added: May 18
Changed: Oct 25
Last Checked: Oct 28 at 2:49PM
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 Fathom Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This fourplex residential income property includes three 2-bedroom units and one 1-bedroom unit, totaling approximately 2,870 square feet. Each unit is described as having a functional layout for everyday convenience.
The property is centrally located near shopping, dining, schools, and freeway access. Transit, walking, and biking scores are reported as 47, 70, and 65, respectively.
As a four-unit multifamily asset, the property offers a diversified unit mix with three larger bedroom layouts and one smaller layout within the same building.
The property is centrally located near shopping, dining, schools, and freeway access. Transit, walking, and biking scores are reported as 47, 70, and 65, respectively.
As a four-unit multifamily asset, the property offers a diversified unit mix with three larger bedroom layouts and one smaller layout within the same building.
Key Highlights
- Fourplex built in 1963
- Unit mix: three 2‑bedroom units and one 1‑bedroom unit
- Total size approximately 2,870 sq ft
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,034
Cap Rate
5.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$660,680
$660.7K
Cap Rate 7%
$471,914
$471.9K
Cap Rate 9%
$367,044
$367.0K
Market Conditions
NOI Build-Up for 2,870 SF
Gross rent
$49.9K $17.40/SF
− Vacancy
−$2.7K −$0.96/SF
EGI
$47.2K $16.44/SF
− OpEx
−$14.2K −$4.93/SF
NOI
$33.0K $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%
$660,680
Cap Rate 7%
$471,914
Cap Rate 9%
$367,044
Alternative Uses
Best Use
Multifamily LT 5
$471.9K
$412.9K – $550.6K
NOI $33,034 @ 7.0% cap · market cap 5.42%
Second Best
Apartment 5plus
$436.1K
$381.6K – $508.8K
NOI $30,527 @ 7.0% cap · market cap 5.01%
Theoretical Best
Specialty Retail
$991.7K
$867.7K – $1.16M
NOI $69,419 @ 7.0% cap · market cap 11.40%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Location Intelligence
Trade Area within ½ mile
949
Businesses Nearby
Explore this area
Business Placement
Demographics for 89101, NV
42,465
Population
18,258
Households
2.3
Avg Household Size
35
Median Age
11%
College-Educated
66%
High-School Grad
5.4 sq mi
ZIP Area
7,864
Density / Sq Mi
$38,653
Median Household Income
$29,471
Median Earnings
$1,008
Median Rent
$258,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Fourplex with three 2-bedroom units and one 1-bedroom unit totaling approximately 2,870 square feet.
Where is this quadplex located?
The property is located at 2504 East Mesquite Avenue Las Vegas, NV.
What is the asking price?
The asking price for this property is $609,000.
What are key features of this property?
This property features: Fourplex built in 1963; Unit mix: three 2‑bedroom units and one 1‑bedroom unit; Total size approximately 2,870 sq ft
