Updated Four-Unit
For Sale
$657,500
2601 Cedar Avenue, Las Vegas, NV 89101
Residential, Las Vegas, NV
Property Size2,870 SF
Lot Size0.15 Acres
Price / SF$229.09
Days on Market54
Property Features for 2601 Cedar Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking features
Alley
Appliances
Exhaust Fan, Electric Water Heater, Oven, Range, Refrigerator, Range Hood
Subdivision
Artesian Acres
Elementary school
,
Directions
From 95 & Eastern Ave, go north on Eastern Ave, right on Cedar Ave, building 2601 will be on the left. You have arrived at 2601 Cedar Avenue, Las Vegas, NV 89101.
Standard status
Active
APN
139-36-114-017
Size
2,870 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Annual Amount
1660
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1962
Floors in Building
1
Number of units
4
Flooring type
Tile - Ceramic
Building materials
Stucco, Wood Frame
Roof type
Shingle, Composition
Architectural style
Other
Listing Agency:
Keller Williams MarketPlace · Keller Williams Realty
(702) 939-0000
Listed By:
Joshua Segal · License #BS.0144443
(805) 440-7757
Added: Sep 14
Changed: Oct 27
Last Checked: Nov 6 at 12:06PM
MLS# 2808649
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.
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 2,870-square-foot quadplex contains four two-bedroom, one-bathroom units. Built in 1962, the property features ceramic tile flooring, stucco and wood-frame construction, composition and shingle roofing, central electric heating, and central air conditioning. Recent improvements include new exterior paint, substantial roof work, upgraded windows, and plumbing updates. Each unit is equipped with an oven, range, refrigerator, range hood, exhaust fan, and electric water heater.
The property sits on 0.15 acres in Las Vegas, Nevada, with access from an alley. Public water and public sewer serve the site. The unit configuration and completed building improvements provide a clear multifamily layout within an established residential income property.
The property sits on 0.15 acres in Las Vegas, Nevada, with access from an alley. Public water and public sewer serve the site. The unit configuration and completed building improvements provide a clear multifamily layout within an established residential income property.
Key Highlights
- Four two‑bedroom, one‑bathroom units
- 2,870 square feet on 0.15 acres
- New exterior paint and completed roof work
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,034
Cap Rate
5.02%
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 5.02%
Second Best
Apartment 5plus
$436.1K
$381.6K – $508.8K
NOI $30,527 @ 7.0% cap · market cap 4.64%
Theoretical Best
Specialty Retail
$991.7K
$867.7K – $1.16M
NOI $69,419 @ 7.0% cap · market cap 10.56%
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
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,021
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
$258,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/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 - Well-maintained multifamily property with refreshed interiors, public utilities, and convenient alley parking access.
Where is this quadplex located?
The property is located at 2601 Cedar Avenue Las Vegas, NV.
What is the asking price?
The asking price for this property is $657,500.
What are key features of this property?
This property features: Four two‑bedroom, one‑bathroom units; 2,870 square feet on 0.15 acres; New exterior paint and completed roof work
