Remodeled Quadplex with Rear
For Sale
$750,000
2905 Elm Avenue, Las Vegas, NV 89101
Four two-bedroom residences offer a consistent unit layout with on-site lighting and parking behind the building.
Property Size3,880 SF
Days on Market314
Property Features for 2905 Elm Avenue
General Information
Standard status
Active
Size
3,880 SF
Property subtype
Multi Family
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
4 x 2BR/1BA
Multifamily Units
4
Additional Details
Gross Income
$46,800
Taxes and HOA fees
Annual Taxes
$1,210
Amenities
outside lighting
Building Details
Building Size
3,880 SF
Year Built
1963
Tenancy
Multi
Listing Agency:
RX Realty
Listed By:
Delia M. Lopez · License #S.0173040
(818) 636-8649
Source:
Vicerealtygroup
Added: Dec 9, 2025
Changed: Oct 16
Last Checked: Oct 16 at 4:11PM
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 RX Realty
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Investment Insights
Based on property information with market context.
This quadplex at 2905 Elm Ave in Las Vegas contains 3,880 square feet and was built in 1963. Each of the four residences provides two bedrooms and one bathroom. Unit A has undergone a complete remodel, while exterior lighting and parking behind the building serve the property.
Units A and D are rented month to month. The lease for Unit B expires 2/28/2026, and Unit C is leased through 6/30/2026. The property is near schools, shopping, freeway access, and public transportation, providing connectivity to everyday services and regional travel routes.
Units A and D are rented month to month. The lease for Unit B expires 2/28/2026, and Unit C is leased through 6/30/2026. The property is near schools, shopping, freeway access, and public transportation, providing connectivity to everyday services and regional travel routes.
Key Highlights
- Four‑unit quadplex with 3,880 square feet, built in 1963
- All units feature a 2 bedroom/1 bath layout
- Unit A was totally remodeled
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,659
Cap Rate
5.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$893,180
$893.2K
Cap Rate 7%
$637,986
$638.0K
Cap Rate 9%
$496,211
$496.2K
Market Conditions
NOI Build-Up for 3,880 SF
Gross rent
$67.5K $17.40/SF
− Vacancy
−$3.7K −$0.96/SF
EGI
$63.8K $16.44/SF
− OpEx
−$19.1K −$4.93/SF
NOI
$44.7K $11.51/SF
Area
Las Vegas, NV
Vacancy
5.50%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$893,180
Cap Rate 7%
$637,986
Cap Rate 9%
$496,211
Alternative Uses
Best Use
Multifamily LT 5
$638.0K
$558.2K – $744.3K
NOI $44,659 @ 7.0% cap · market cap 5.95%
Second Best
Apartment 5plus
$589.6K
$515.9K – $687.8K
NOI $41,270 @ 7.0% cap · market cap 5.50%
Theoretical Best
Specialty Retail
$1.34M
$1.17M – $1.56M
NOI $93,849 @ 7.0% cap · market cap 12.51%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
4
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
934
Businesses Nearby
Explore this area
Business Placement
Demographics for 89101, NV
42,465
Population
18,258
Households
2.3
Avg Household Size
35
Median Age
11%
College-Educated
66%
High-School Grad
5.4 sq mi
ZIP Area
7,864
Density / Sq Mi
$38,653
Median Household Income
$29,471
Median Earnings
$1,008
Median Rent
$258,100
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
Frequently Asked Questions
What type of property is this?
Quadplex - Four two-bedroom residences offer a consistent unit layout with on-site lighting and parking behind the building.
Where is this quadplex located?
The property is located at 2905 Elm Avenue Las Vegas, NV.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Four‑unit quadplex with 3,880 square feet, built in 1963; All units feature a 2 bedroom/1 bath layout; Unit A was totally remodeled
