Four-Unit Property with
For Sale
$779,900
Pending
2657 Kline Circle, Las Vegas, NV 89121
Includes detached garages, private outdoor areas, and separately metered gas and electric service.
Property Size4,492 SF
Days on Market261
Property Features for 2657 Kline Circle
General Information
Standard status
Pending
Size
4,492 SF
Total Parking Spaces
5
Property subtype
Multi Family
Units
Unit Mix
1 x 3BR, 3 x 2BR
Multifamily Units
4
Amenities
pool
Building Details
Building Size
4,492 SF
Year Built
1974
Listing Agency:
Century 21 Americana
Listed By:
MaryAnne A. Ricci · License #BS.0040681
(702) 521-7871
Source:
Vicerealtygroup
Added: Jan 31
Changed: Oct 10
Last Checked: Oct 16 at 3:56PM
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 Century 21 Americana
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Investment Insights
Based on property information with market context.
This 4,492-square-foot quadplex, built in 1974, contains one three-bedroom residence and three two-bedroom residences. The main-floor three-bedroom unit includes a fireplace, tile flooring, and a detached two-car garage. Each two-bedroom unit has its own detached one-car garage. Appliances are included throughout, and every residence has either a private yard or balcony.
Gas and electric utilities are separately metered, with tenants responsible for those services. Community amenities include a pool. The property is located at 2657 Kline Cir in Las Vegas, with schools and transportation nearby and an approximately 10-minute drive to the Las Vegas Strip.
Gas and electric utilities are separately metered, with tenants responsible for those services. Community amenities include a pool. The property is located at 2657 Kline Cir in Las Vegas, with schools and transportation nearby and an approximately 10-minute drive to the Las Vegas Strip.
Key Highlights
- Four‑unit property with one 3‑bedroom unit and three 2‑bedroom units
- 4,492 square feet; built in 1974
- Detached garage for every unit, including a 2‑car garage for the 3‑bedroom residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$59,022
Cap Rate
7.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,180,440
$1.2M
Cap Rate 7%
$843,171
$843.2K
Cap Rate 9%
$655,800
$655.8K
Market Conditions
NOI Build-Up for 4,492 SF
Gross rent
$88.9K $19.80/SF
− Vacancy
−$4.6K −$1.03/SF
EGI
$84.3K $18.77/SF
− OpEx
−$25.3K −$5.63/SF
NOI
$59.0K $13.14/SF
Area
ZIP 89121
Vacancy
5.20%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,180,440
Cap Rate 7%
$843,171
Cap Rate 9%
$655,800
Alternative Uses
Best Use
Multifamily LT 5
$843.2K
$737.8K – $983.7K
NOI $59,022 @ 7.0% cap · market cap 7.57%
Second Best
Apartment 5plus
$756.4K
$661.9K – $882.5K
NOI $52,950 @ 7.0% cap · market cap 6.79%
Theoretical Best
Office A
$1.17M
$1.02M – $1.36M
NOI $81,599 @ 7.0% cap · market cap 10.46%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,183
Businesses Nearby
Explore this area
Business Placement
Demographics for 89121, NV
68,692
Population
29,012
Households
2.4
Avg Household Size
39
Median Age
16%
College-Educated
78%
High-School Grad
9.2 sq mi
ZIP Area
7,467
Density / Sq Mi
$54,667
Median Household Income
$32,776
Median Earnings
$1,306
Median Rent
$288,400
Median Home Value
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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 - Includes detached garages, private outdoor areas, and separately metered gas and electric service.
Where is this quadplex located?
The property is located at 2657 Kline Circle Las Vegas, NV.
What is the asking price?
The asking price for this property is $779,900.
What are key features of this property?
This property features: Four‑unit property with one 3‑bedroom unit and three 2‑bedroom units; 4,492 square feet; built in 1974; Detached garage for every unit, including a 2‑car garage for the 3‑bedroom residence
