Fourplex with In-Unit Laundry
For Sale
$580,000
2937 Stewart Avenue, Las Vegas, NV 89101
Four all-2-bedroom, 2-bath units include washer/dryer hookups, offering straightforward residential income configuration.
Property Size3,880 SF
Days on Market154
Property Features for 2937 Stewart Avenue
General Information
Standard status
Active
Size
3,880 SF
Property subtype
Multi Family
Site & Location
Neighborhood
Mi Casa En El Sol
Highway Access
Yes
Additional Details
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$1,027
Amenities
washer/dryer hookups
Building Details
Building Size
3,880 SF
Year Built
1962
Tenancy
Multi
Listing Agency:
United Realty Group
Listed By:
Oscar Hernandez · License #BS.0145780
(702) 375-5974
Source:
Vicerealtygroup
Added: May 28
Changed: Oct 25
Last Checked: Oct 27 at 2:07AM
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 United Realty Group
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This fourplex provides four units, each configured as two bedrooms and two bathrooms. Washer and dryer hookups are available for residents, supporting in-unit laundry convenience.
The property is located near Downtown Las Vegas and the Fremont Street Experience, with easy freeway access. Shopping, dining, and schools are noted nearby.
As a residential income property, the asset’s consistent unit mix and laundry hookups may simplify management and leasing for qualified owners and investors.
The property is located near Downtown Las Vegas and the Fremont Street Experience, with easy freeway access. Shopping, dining, and schools are noted nearby.
As a residential income property, the asset’s consistent unit mix and laundry hookups may simplify management and leasing for qualified owners and investors.
Key Highlights
- 1962‑built fourplex with four all‑2‑bedroom, 2‑bath units
- Washer/dryer hookups available in each unit
- Convenient near Downtown Las Vegas and the Fremont Street Experience
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,659
Cap Rate
7.70%
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 7.70%
Second Best
Apartment 5plus
$589.6K
$515.9K – $687.8K
NOI $41,270 @ 7.0% cap · market cap 7.12%
Theoretical Best
Specialty Retail
$1.34M
$1.17M – $1.56M
NOI $93,849 @ 7.0% cap · market cap 16.18%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
4
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,188
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 all-2-bedroom, 2-bath units include washer/dryer hookups, offering straightforward residential income configuration.
Where is this quadplex located?
The property is located at 2937 Stewart Avenue Las Vegas, NV.
What is the asking price?
The asking price for this property is $580,000.
What are key features of this property?
This property features: 1962‑built fourplex with four all‑2‑bedroom, 2‑bath units; Washer/dryer hookups available in each unit; Convenient near Downtown Las Vegas and the Fremont Street Experience
