4-Unit Apartment
New
For Sale
$710,000
264 Country Club Place, Spring Creek, NV 89815
ResidentialIncome, Spring Creek, NV
Property Size4,432 SF
Lot Size0.79 Acres
Price / SF$160.20
Days on Market2
Property Features for 264 Country Club Place
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
R2
Bedrooms
8
Bathrooms
6
Full bathrooms
6
Rooms
Bathroom 1, Bathroom 2, Bedroom 6, Bathroom 6, Bedroom 3, Bathroom 3, Bedroom 5, Bathroom 4, Bedroom 2, Bedroom 4, Bedroom 1, Bedroom 7, Bedroom 8, Bathroom 5
Interior features
CeilingFans
Exterior features
Fence, MatureTreesLandscape, RainGutters
Fencing
Fenced
Appliances
Dryer, Dishwasher, ElectricOven, ElectricRange, PropaneWaterHeater, Refrigerator, Washer
Subdivision
Spring Creek 106A
Lot features
Near Golf Course, Lawn
View
Mountains
Standard status
Active
APN
040-002-035
Size
4,432 SF
Lot size
0.79 Acres
Taxes and HOA fees
Tax Annual Amount
3003
HOA Fee
$86 Monthly
Utilities
Cooling system
Central Air
Water source
Public
Amenities
central air
yard
shed
Building Details
Year built
1997
Floors in Building
2
Number of units
4
Flooring type
Carpet, Laminate, Vinyl
Building materials
VinylSiding
Roof type
Asphalt
Architectural style
Other
Listing Agency:
Coldwell Banker Excel · Coldwell Banker Real Estate
(775) 738-4078
Listed By:
Sierra Petersen · License #BS.0146660
(775) 340-2393
Added: Oct 13
Last Checked: Oct 14 at 10:06PM
MLS# 3628538
Copyright © 2026 Elko County Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 4-unit apartment property contains 4,432 square feet across four residences, each configured with two bedrooms and 1.5 bathrooms. Central air serves the units, and the furnaces were updated in 2023. The 0.79-acre parcel includes a fenced yard and a shed for equipment or tenant storage. The rear portion of the roof was replaced approximately two years ago; the front section is eight years old.
The property is adjacent to a golf course and has views of the Ruby Mountains. Each residence has its own propane and electric meter, with those utilities paid by tenants. The owner covers water, sewer, and trash. Leases are month-to-month.
The property is adjacent to a golf course and has views of the Ruby Mountains. Each residence has its own propane and electric meter, with those utilities paid by tenants. The owner covers water, sewer, and trash. Leases are month-to-month.
Key Highlights
- Four residences, each with 2 bedrooms and 1.5 bathrooms
- 4,432‑square‑foot building on a 0.79‑acre parcel
- Central air and furnaces updated in 2023
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,158
Cap Rate
5.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$723,160
$723.2K
Cap Rate 7%
$516,543
$516.5K
Cap Rate 9%
$401,756
$401.8K
Market Conditions
NOI Build-Up for 4,432 SF
Gross rent
$55.8K $12.60/SF
− Vacancy
−$4.2K −$0.95/SF
EGI
$51.7K $11.66/SF
− OpEx
−$15.5K −$3.50/SF
NOI
$36.2K $8.16/SF
Area
Elko County, NV
Vacancy
7.50%
Lease Rate
$12.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$723,160
Cap Rate 7%
$516,543
Cap Rate 9%
$401,756
Alternative Uses
Best Use
Multifamily LT 5
$516.5K
$452.0K – $602.6K
NOI $36,158 @ 7.0% cap · market cap 5.09%
Second Best
Apartment 5plus
$478.0K
$418.3K – $557.7K
NOI $33,460 @ 7.0% cap · market cap 4.71%
Theoretical Best
Office A
$1.41M
$1.23M – $1.64M
NOI $98,583 @ 7.0% cap · market cap 13.88%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Lease Details
4
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
68
Businesses Nearby
Explore this area
Business Placement
Demographics for 89815, NV
15,856
Population
5,448
Households
2.9
Avg Household Size
34
Median Age
23%
College-Educated
94%
High-School Grad
703.7 sq mi
ZIP Area
23
Density / Sq Mi
$103,691
Median Household Income
$52,350
Median Earnings
$1,393
Median Rent
$310,100
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Quadplex - Four matching residences offer central air, updated furnaces, and individual propane and electric meters.
Where is this quadplex located?
The property is located at 264 Country Club Place Spring Creek, NV.
What is the asking price?
The asking price for this property is $710,000.
What are key features of this property?
This property features: Four residences, each with 2 bedrooms and 1.5 bathrooms; 4,432‑square‑foot building on a 0.79‑acre parcel; Central air and furnaces updated in 2023
