Building Details

Building Size 4,492 SF

Year Built 1974

Listing Agency: Century 21 Americana

Listed By: MaryAnne A. Ricci · License #BS.0040681 Show Phone

Source: Virtuelre

Added: Jan 22 Changed: Oct 11 Last Checked: Oct 16 at 4:36PM

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Investment Insights

Based on property information with market context.

This four-unit residential property includes one three-bedroom unit with a large living room and fireplace, along with three two-bedroom units. Garage parking is provided through one detached two-car garage and three detached one-car garages. Each residence has a private yard or balcony, and all appliances are included.

The property sits on a cul-de-sac in Las Vegas, with access to a community pool. The surrounding area is near the Las Vegas Strip, schools, shopping, and transportation. Each unit has separate electric and gas meters, with tenants responsible for those utilities.

Key Highlights

• Four‑unit residential property with one 3‑bedroom unit and three 2‑bedroom units
• Detached garage parking includes one 2‑car garage and three 1‑car garages
• Separate electric and gas meters for every unit

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$59,022

Cap Rate

7.38%

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

Is this asking price fair?

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 (±1% cap)

NOI $59,022 @ 7.0% cap · market cap 7.38%

Second Best

Apartment 5plus

$756.4K

$661.9K – $882.5K (±1% cap)

NOI $52,950 @ 7.0% cap · market cap 6.62%

Theoretical Best

Office A

$1.17M

$1.02M – $1.36M (±1% cap)

NOI $81,599 @ 7.0% cap · market cap 10.20%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Quadplexes

Suggested Use

Top Pick Daycare Center (Bike/Boat/Book/etc) Store Parking Lot & Garage HVAC Service Gym & Fitness Center Locksmith

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

681

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

Market

Vacancy Rate% for Multifamily in West region

7% 2022

7.8% 2023

8.6% 2024

8.6% 2025

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Frequently Asked Questions

What type of property is this?

Quadplex - Four residential units offer varied layouts, private outdoor areas, separate utility meters, and detached garages.

Where is this quadplex located?

The property is located at 2679 Kline Circle Las Vegas, NV.

What is the asking price?

The asking price for this property is $800,000.

What are key features of this property?

This property features: Four‑unit residential property with one 3‑bedroom unit and three 2‑bedroom units; Detached garage parking includes one 2‑car garage and three 1‑car garages; Separate electric and gas meters for every unit