Fourplex with Remodeled
New
For Sale
$950,000
2876 Klinger Circle, Las Vegas, NV 89121
Residential, Las Vegas, NV
Property Size4,492 SF
Lot Size0.28 Acres
Price / SF$211.49
Days on Market3
Property Features for 2876 Klinger Circle
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking features
Assigned, Garage
Patio and Porch features
Patio
Interior features
Ceiling Fan(s)
Appliances
Dryer, Dishwasher, Exhaust Fan, Disposal, Microwave, Oven, Range, Refrigerator, Range Hood, Washer
Subdivision
Elsol Del Pueblo
Elementary school
,
Directions
15 exit Sahara East, Turn Right on Karen and Then Right on Klinger Cir
Standard status
Active
APN
162-12-112-047
Size
4,492 SF
Lot size
0.28 Acres
Taxes and HOA fees
Tax Annual Amount
3007
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1974
Floors in Building
2
Number of units
4
Flooring type
Vinyl, Carpet
Building materials
Block, Stucco, Wood Frame
Roof type
Shingle, Composition
Architectural style
Other
Listing Agency:
Real Broker LLC
(702) 853-2444
Listed By:
Alexis Tenner · License #S.0179120
(949) 887-4368
Added: Sep 29
Last Checked: Oct 1 at 7:06PM
MLS# 2821572
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 four-unit residential property contains 4,492 square feet on a 0.28-acre parcel. All units are currently occupied. A three-bedroom residence has been remodeled, and the property has a new roof and updated air conditioning. Built in 1974, the building has central heating and cooling, assigned parking, garage parking, and a patio. Public water and sewer serve the property.
Located in Las Vegas, the property is offered with tenant occupancy in place. Showings require appropriate notice, and tenants should not be disturbed.
Located in Las Vegas, the property is offered with tenant occupancy in place. Showings require appropriate notice, and tenants should not be disturbed.
Key Highlights
- Four occupied units
- 4,492 square feet on a 0.28‑acre lot
- Remodeled three‑bedroom unit
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
$59,022
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
6.21%
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%
$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
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
$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 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%
$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.
Property Analytics
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Current Use
Lease Details
4
Residential units
100%
Occupancy
Multi-tenant
Tenancy
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
View Realmo Analytics
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 - All four residences are rented, including a renovated three-bedroom home; roof and air-conditioning upgrades are also noted.
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 occupied units; 4,492 square feet on a 0.28‑acre lot; Remodeled three‑bedroom unit
