Quadplex with Private
For Sale
$800,000
Pending
2894 Karen Avenue, Las Vegas, NV 89121
Four-unit residential property offering varied layouts, private outdoor areas, garages, and washer-dryer hookups.
Property Size4,492 SF
Days on Market141
Property Features for 2894 Karen Avenue
General Information
Standard status
Pending
Size
4,492 SF
Total Parking Spaces
5
Property subtype
Multi Family
Units
Unit Mix
1 x 3BR/2BA, 1 x 2BR/2BA, 1 x 2BR/1.2BA, 1 x 2BR/1BA
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$2,995
Building Details
Building Size
4,492 SF
Year Built
1974
Listing Agency:
Rothwell Gornt Companies
Listed By:
Ryan Crighton · License #BS.0000254
(702) 217-1048
Source:
Vicerealtygroup
Added: May 26
Changed: Sep 28
Last Checked: Oct 13 at 1:21AM
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 Rothwell Gornt Companies
Investment Insights
Based on property information with market context.
This 4,492-square-foot quadplex, built in 1974, includes four distinct residential units with attached garage parking and private outdoor areas. The owner unit is a single-story, three-bedroom, two-bath residence with a two-car garage and patio. The second unit offers two bedrooms, two baths, a one-car garage, and patio access. The third has a townhouse-style layout with both bedrooms upstairs, while the fourth is positioned above the garages and includes two bedrooms, one bath, a large deck, and a one-car garage. Washer-dryer hookups are located in each garage.
The property is located at 2894 Karen Ave in Las Vegas, Nevada. Residents have access to a community pool, and the community also provides roving security patrol. The four-unit configuration combines multiple residential layouts with dedicated garage parking and private exterior spaces.
The property is located at 2894 Karen Ave in Las Vegas, Nevada. Residents have access to a community pool, and the community also provides roving security patrol. The four-unit configuration combines multiple residential layouts with dedicated garage parking and private exterior spaces.
Key Highlights
- 4,492‑square‑foot quadplex built in 1974
- Four residential units with distinct floor plans
- Owner unit includes 3 bedrooms, 2 baths, a 2‑car garage, and private patio
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$59,022
Cap Rate
7.38%
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 7.38%
Second Best
Apartment 5plus
$756.4K
$661.9K – $882.5K
NOI $52,950 @ 7.0% cap · market cap 6.62%
Theoretical Best
Office A
$1.17M
$1.02M – $1.36M
NOI $81,599 @ 7.0% cap · market cap 10.20%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
681
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit residential property offering varied layouts, private outdoor areas, garages, and washer-dryer hookups.
Where is this quadplex located?
The property is located at 2894 Karen Avenue Las Vegas, NV.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: 4,492‑square‑foot quadplex built in 1974; Four residential units with distinct floor plans; Owner unit includes 3 bedrooms, 2 baths, a 2‑car garage, and private patio
