Fourplex With Onsite
New
For Sale
$670,000
2728 Haddock Avenue, North Las Vegas, NV 89030
Residential, North Las Vegas, NV
Property Size3,332 SF
Lot Size0.16 Acres
Price / SF$201.08
Days on Market2
Property Features for 2728 Haddock Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking
8
Window features
Blinds
Interior features
Storage, Window Treatments
Exterior features
Private Yard
Appliances
Exhaust Fan, Electric Water Heater, Oven, Range, Refrigerator, Range Hood
Subdivision
Arrowhead Acres Tr
Elementary school
,
Directions
From I-15 take Lake Mead exit East, Left on North Bassler Street, Right on Haddock Avenue, Property on your Left.
Standard status
Active
APN
139-13-410-226
Size
3,332 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Annual Amount
1528
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1982
Floors in Building
2
Number of units
4
Flooring type
Tile - Ceramic, Carpet
Building materials
Stucco, Wood Frame
Roof type
Shingle, Composition
Architectural style
Other
Additional Structures
Storage
Listing Agency:
eXp Realty
(702) 727-1050
Listed By:
Katherine Mae Clemmons · License #S.0063679
(702) 500-9090
Added: Aug 22
Changed: Aug 23
Last Checked: Aug 23 at 10:06AM
MLS# 2809036
Copyright © 2026 Las Vegas 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 3,332-square-foot fourplex was built in 1982 and contains four two-bedroom, one-bath units. Three units are occupied, while one is vacant. The property includes onsite parking, private yard space, storage, window treatments, ceramic tile and carpet flooring, electric central heating, and central air conditioning. Appliances include ranges, ovens, refrigerators, range hoods, exhaust fans, and electric water heaters.
Situated in North Las Vegas, the property occupies a 0.16-acre lot at 2728 Haddock Avenue. Public water and public sewer serve the property. Construction consists of stucco and wood frame materials, with shingle and composition roofing.
Rental income includes a combination of tenant rent and Housing Choice Voucher income, and professional management is in place. The vacant unit may support an owner-occupant arrangement or additional rental occupancy, subject to applicable requirements.
Situated in North Las Vegas, the property occupies a 0.16-acre lot at 2728 Haddock Avenue. Public water and public sewer serve the property. Construction consists of stucco and wood frame materials, with shingle and composition roofing.
Rental income includes a combination of tenant rent and Housing Choice Voucher income, and professional management is in place. The vacant unit may support an owner-occupant arrangement or additional rental occupancy, subject to applicable requirements.
Key Highlights
- Four 2‑bedroom, 1‑bath units within a 3,332‑square‑foot fourplex
- Three units occupied; one unit currently vacant
- 0.16‑acre lot with onsite parking and private yard space
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
75%
Occupancy
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 - The property combines residential rental units with private outdoor space, central HVAC, and public water and sewer service.
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 within a 3,332‑square‑foot fourplex; Three units occupied; one unit currently vacant; 0.16‑acre lot with onsite parking and private yard space
