Updated Four-Unit
For Sale
$657,500
2609 Cedar Avenue, Las Vegas, NV 89101
Residential, Las Vegas, NV
Property Size2,870 SF
Lot Size0.14 Acres
Price / SF$229.09
Days on Market54
Property Features for 2609 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 2609 will be on the left. You have arrived at 2609 Cedar Avenue, Las Vegas, NV 89101.
Standard status
Active
APN
139-36-114-015
Size
2,870 SF
Lot size
0.14 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# 2808652
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 2,870-square-foot quadplex contains four residential units, each configured with two bedrooms and one bathroom. The property was built in 1962 on a 0.14-acre parcel and features stucco and wood-frame construction, ceramic tile flooring, composition and shingle roofing, and alley parking. Recent improvements include exterior paint, extensive roof work, upgraded windows, and plumbing enhancements.
Central electric heating and central air conditioning serve the building. Each unit includes an oven, range, refrigerator, range hood, exhaust fan, and electric water heater. Public water and public sewer are in place, and the property is located in Las Vegas, Nevada.
Central electric heating and central air conditioning serve the building. Each unit includes an oven, range, refrigerator, range hood, exhaust fan, and electric water heater. Public water and public sewer are in place, and the property is located in Las Vegas, Nevada.
Key Highlights
- Four‑unit quadplex with four 2‑bedroom, 1‑bath units
- 2,870 square feet on a 0.14‑acre parcel
- Exterior paint, extensive roof work, upgraded windows, and plumbing improvements
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.
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,021
Businesses Nearby
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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
$258,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/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 - Roof work, upgraded windows, and plumbing improvements support this maintained residential income property.
Where is this quadplex located?
The property is located at 2609 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‑unit quadplex with four 2‑bedroom, 1‑bath units; 2,870 square feet on a 0.14‑acre parcel; Exterior paint, extensive roof work, upgraded windows, and plumbing improvements
