Four-Unit
For Sale
$555,000
2612 East Mesquite Avenue, Las Vegas, NV 89101
Single-level residences include a mix of two-bedroom and one-bedroom layouts.
Property Size2,870 SF
Price / SF$193.38
Days on Market279
Property Features for 2612 East Mesquite Avenue
General Information
Standard status
Active
Size
2,870 SF
Property subtype
Multi Family
Site & Location
Neighborhood
Arthur McCants
Highway Access
Yes
Units
Unit Mix
3 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$3,924
Building Details
Building Size
2,870 SF
Year Built
1963
Stories
1
Listing Agency:
Vegas One Realty
Listed By:
Richard F. Bustos · License #S.0029600
(702) 496-1408
Source:
Marionrealestateservices
Added: Jan 22
Changed: Oct 27
Last Checked: Oct 27 at 4:07AM
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 Vegas One Realty
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Investment Insights
Based on property information with market context.
This 2,870-square-foot quadplex was built in 1963 and comprises four single-level units: three with two bedrooms and one bathroom, plus one with one bedroom and one bathroom. Parking is available along the street and in the alley.
The property is near a freeway, downtown shopping, and schools.
The property is near a freeway, downtown shopping, and schools.
Key Highlights
- Four units: three two‑bedroom, one‑bathroom residences and one one‑bedroom, one‑bathroom residence
- 2,870 square feet
- Built in 1963
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,034
Cap Rate
5.95%
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 5.95%
Second Best
Apartment 5plus
$436.1K
$381.6K – $508.8K
NOI $30,527 @ 7.0% cap · market cap 5.50%
Theoretical Best
Specialty Retail
$991.7K
$867.7K – $1.16M
NOI $69,419 @ 7.0% cap · market cap 12.51%
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
Yes
Highway access
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
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Single-level residences include a mix of two-bedroom and one-bedroom layouts.
Where is this quadplex located?
The property is located at 2612 East Mesquite Avenue Las Vegas, NV.
What is the asking price?
The asking price for this property is $555,000.
What are key features of this property?
This property features: Four units: three two‑bedroom, one‑bathroom residences and one one‑bedroom, one‑bathroom residence; 2,870 square feet; Built in 1963
