4-Unit Quadplex with
New
For Sale
$670,000
2728 Haddock Avenue, North Las Vegas, NV 89030
Four-unit residential income property with one vacant unit and on-site parking.
Property Size3,332 SF
Days on Market7
Property Features for 2728 Haddock Avenue
General Information
Standard status
Active
Size
3,332 SF
Property subtype
Multi Family
Units
Unit Mix
4 x 2BR/1BA
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$1,528
Building Details
Building Size
3,332 SF
Year Built
1982
Listing Agency:
eXp Realty
(702) 500-9090
Listed By:
Katherine Mae Clemmons · License #S.0063679
(702) 500-9090
Source:
Usarealty
Added: Aug 22
Changed: Aug 28
Last Checked: Aug 24 at 12:15PM
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
Investment Insights
Based on property information with market context.
Built in 1982, this 3,332-square-foot quadplex contains four two-bedroom, one-bath residences. On-site parking serves the property, and professional management is in place.
Three units are occupied, with income comprising a combination of conventional rental payments and Housing Choice Voucher income. One residence is currently vacant, providing flexibility for a new owner to establish tenancy or occupy the unit while the remaining apartments generate rental income. The property is located at 2728 Haddock Ave in North Las Vegas, Nevada 89030.
Three units are occupied, with income comprising a combination of conventional rental payments and Housing Choice Voucher income. One residence is currently vacant, providing flexibility for a new owner to establish tenancy or occupy the unit while the remaining apartments generate rental income. The property is located at 2728 Haddock Ave in North Las Vegas, Nevada 89030.
Key Highlights
- Four 2‑bedroom, 1‑bath units
- 3,332 SF quadplex built in 1982
- Three of four units currently occupied
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$37,946
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.66%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$758,920
$758.9K
Cap Rate 7%
$542,086
$542.1K
Cap Rate 9%
$421,622
$421.6K
Market Conditions
NOI Build-Up for 3,332 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$58.0K $17.40/SF
− Vacancy
−$3.8K −$1.13/SF
EGI
$54.2K $16.27/SF
− OpEx
−$16.3K −$4.88/SF
NOI
$37.9K $11.39/SF
Area
North Las Vegas, NV
Vacancy
6.50%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$758,920
Cap Rate 7%
$542,086
Cap Rate 9%
$421,622
Alternative Uses
Best Use
Multifamily LT 5
$542.1K
$474.3K – $632.4K
NOI $37,946 @ 7.0% cap · market cap 5.66%
Second Best
Apartment 5plus
$501.0K
$438.3K – $584.5K
NOI $35,067 @ 7.0% cap · market cap 5.23%
Theoretical Best
Office A
$901.7K
$789.0K – $1.05M
NOI $63,119 @ 7.0% cap · market cap 9.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
641
Businesses Nearby
Explore this area
Business Placement
Demographics for 89030, NV
56,399
Population
16,632
Households
3.4
Avg Household Size
30
Median Age
5%
College-Educated
58%
High-School Grad
9.5 sq mi
ZIP Area
5,937
Density / Sq Mi
$46,204
Median Household Income
$31,787
Median Earnings
$1,139
Median Rent
$237,300
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit residential income property with one vacant unit and on-site parking.
Where is this quadplex located?
The property is located at 2728 Haddock Avenue North Las Vegas, NV.
What is the asking price?
The asking price for this property is $670,000.
What are key features of this property?
This property features: Four 2‑bedroom, 1‑bath units; 3,332 SF quadplex built in 1982; Three of four units currently occupied
