Las Vegas Multifamily Investment
2905 Elm Avenue Las Vegas, NV 89101
MULTI_FAMILY - Other - Las Vegas, NV
Property size:
3,880 SFLot size:
0.18 AcresPrice / SF:
$193/SF- Added:
- Dec 9, 2025
- Days on Market:
- 213
- Last Refresh:
- Jul 10 at 7:06 pm
Property Features for 2905 Elm Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking
- 4
- Parking features
- Assigned
- Window features
- Blinds
- Interior features
- Window Treatments
- Appliances
- Disposal, Oven, Range, Refrigerator
- Standard status
- Active
- APN
- 139-36-212-019
- Size
- 3,880 SF
- Lot size
- 0.18 Acres
Taxes and HOA fees
- Tax Annual Amount
- 1210
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central, Electric (Heating)
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1963
- Floors in Building
- 2
- Number of units
- 4
- Flooring type
- Carpet, Tile - Ceramic
- Building materials
- Block
- Roof type
- Flat
- Architectural style
- Other
Listing agent Delia M. Lopez License #S.0173040 (818) 636-8649
Listing office RX Realty 8455 W Flamingo Rd #5, Las Vegas, NV (702) 202-1769
Listing date Dec 9, 2025
MLS# 2740550
Listing URL
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 multifamily property in Las Vegas presents a good investment opportunity. The property features outside lighting and parking behind the building. The current rents are $1100, $1,000, $900, and $900, totaling $3,900 per month. Unit A and Unit D are currently month to month. The lease for Unit B expires on 2/28/2026, and the lease for Unit C expires on 6/30/2026. Unit A has been totally remodeled. All units consist of 2 bedrooms and 1 bath. The property is located close to schools, shopping, the freeway, and public transportation. The lot size is 0.18 acres with a property size of 3,880 square feet.
Key Highlights
- Strong income potential with $3,900 monthly rental income.
- Unit A is fully remodeled.
- Favorable lease terms with staggered expirations (Unit B: 2/28/2026, Unit C: 6/30/2026).
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $67.5k | $17.40 |
| − Vacancy | −$3.7k | −$0.96 |
| EGI | $63.8k | $16.44 |
| − OpEx | −$19.1k | −$4.93 |
| NOI | $44.7k | $11.51 |
3,880 SF · lease $17.40/SF/yr · vacancy 5.50% · expense 30.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Multifamily property in Las Vegas with strong rental income.
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: Strong income potential with $3,900 monthly rental income.; Unit A is **fully remodeled**.; Favorable lease terms with staggered expirations (Unit B: 2/28/2026, Unit C: 6/30/2026).
