Updated 4-Unit
For Sale
$950,000
2876 Klinger Circle, Las Vegas, NV 89121
All four residences are occupied, with recent roof and air-conditioning work and a remodeled three-bedroom unit.
Property Size4,492 SF
Price / SF$211.49
Days on Market14
Property Features for 2876 Klinger Circle
General Information
Standard status
Active
Size
4,492 SF
Property subtype
Multi-Family
Occupancy
100%
Additional Details
Multifamily Units
4
Building Details
Year Built
1974
Buildings
1
Listing Agency:
Real Broker LLC
(702) 853-2444
Listed By:
Alexis Tenner · License #S.0179120
(949) 887-4368
Source:
Viphomes
Added: Sep 30
Changed: Oct 3
Last Checked: Oct 9 at 7:46PM
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 Real Broker LLC
Investment Insights
Based on property information with market context.
This 4,492-square-foot quadplex contains four occupied units. Improvements include a new roof and updated air conditioning. The three-bedroom residence has been remodeled with refreshed interior finishes.
Located at 2876 Klinger Circle in Las Vegas, the property was built in 1974. Showings require appropriate notice, and tenants should not be disturbed.
Located at 2876 Klinger Circle in Las Vegas, the property was built in 1974. Showings require appropriate notice, and tenants should not be disturbed.
Key Highlights
- Four units, all currently occupied
- 4,492‑square‑foot property built in 1974
- New roof and updated A/C
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$59,022
Cap Rate
6.21%
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 6.21%
Second Best
Apartment 5plus
$756.4K
$661.9K – $882.5K
NOI $52,950 @ 7.0% cap · market cap 5.57%
Theoretical Best
Office A
$1.17M
$1.02M – $1.36M
NOI $81,599 @ 7.0% cap · market cap 8.59%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
738
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Quadplex - All four residences are occupied, with recent roof and air-conditioning work and a remodeled three-bedroom unit.
Where is this quadplex located?
The property is located at 2876 Klinger Circle Las Vegas, NV.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Four units, all currently occupied; 4,492‑square‑foot property built in 1974; New roof and updated A/C
