Quadplex in Gated
For Sale
$615,000
2722 Alicialynn Way, Las Vegas, NV 89121
Four residential units feature wood-burning fireplaces and individual washer-dryer setups.
Property Size3,112 SF
Price / SF$197.62
Days on Market76
Property Features for 2722 Alicialynn Way
General Information
Standard status
Active
Size
3,112 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
4
Amenities
pool
clubhouse
wood fireplace
washer and dryer
Building Details
Year Built
1984
Buildings
1
Listing Agency:
eXp Realty
Listed By:
James McNamara · License #S.0176682
(702) 250-1659
Source:
Tmgluxury
Added: Aug 2
Changed: Oct 7
Last Checked: Oct 7 at 2:28PM
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 eXp Realty
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Investment Insights
Based on property information with market context.
This four-unit residential property was built in 1984 and offers a consistent configuration across the building. Every unit includes a wood-burning fireplace along with its own washer and dryer, providing dedicated laundry and fireplace amenities within each residence.
The quadplex is situated in a gated community with access to a shared swimming pool and clubhouse. The property is located at 2722 Alicialynn Way in Las Vegas, Nevada, with shopping and freeway access nearby.
The quadplex is situated in a gated community with access to a shared swimming pool and clubhouse. The property is located at 2722 Alicialynn Way in Las Vegas, Nevada, with shopping and freeway access nearby.
Key Highlights
- Four‑unit quadplex at 2722 Alicialynn Way, Las Vegas, NV 89121
- Built in 1984
- Wood‑burning fireplace in every unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,889
Cap Rate
6.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$817,780
$817.8K
Cap Rate 7%
$584,129
$584.1K
Cap Rate 9%
$454,322
$454.3K
Market Conditions
NOI Build-Up for 3,112 SF
Gross rent
$61.6K $19.80/SF
− Vacancy
−$3.2K −$1.03/SF
EGI
$58.4K $18.77/SF
− OpEx
−$17.5K −$5.63/SF
NOI
$40.9K $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%
$817,780
Cap Rate 7%
$584,129
Cap Rate 9%
$454,322
Alternative Uses
Best Use
Multifamily LT 5
$584.1K
$511.1K – $681.5K
NOI $40,889 @ 7.0% cap · market cap 6.65%
Second Best
Apartment 5plus
$524.0K
$458.5K – $611.4K
NOI $36,683 @ 7.0% cap · market cap 5.96%
Theoretical Best
Office A
$807.6K
$706.6K – $942.2K
NOI $56,531 @ 7.0% cap · market cap 9.19%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
794
Businesses Nearby
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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 - Four residential units feature wood-burning fireplaces and individual washer-dryer setups.
Where is this quadplex located?
The property is located at 2722 Alicialynn Way Las Vegas, NV.
What is the asking price?
The asking price for this property is $615,000.
What are key features of this property?
This property features: Four‑unit quadplex at 2722 Alicialynn Way, Las Vegas, NV 89121; Built in 1984; Wood‑burning fireplace in every unit
