4-Unit Quadplex with Attached
New
For Sale
$1,250,000
2977 Duxbury Dr, Henderson, NV 89052
Each residence has two levels, an attached garage, and two-and-a-half baths.
Property Size4,653 SF
Days on Market2
Property Features for 2977 Duxbury Dr
General Information
Standard status
Active
Size
4,653 SF
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$7,112
Building Details
Building Size
4,653 SF
Year Built
2002
Stories
2
Units
4
Listing Agency:
Elite Realty, Inc
Listed By:
Susan T. Wright · License #BS.0035552
(702) 218-0980
Source:
Elliman
Added: Sep 26
Last Checked: Sep 26 at 3:12PM
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 Elite Realty, Inc
Investment Insights
Based on property information with market context.
Built in 2002, this four-unit property contains two-story residences, each with a two-car attached garage and 2.5 baths. The buildings are professionally managed, with an on-site rental manager and maintenance staff supporting operations and upkeep.
Oakwood Management Company, LLC manages the property and charges a 9% management fee. The property has CC&Rs and no HOA.
Oakwood Management Company, LLC manages the property and charges a 9% management fee. The property has CC&Rs and no HOA.
Key Highlights
- Four‑unit property classified as a quadplex
- Each residence has two stories and 2.5 baths
- Two‑car attached garage for each residence
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
$60,944
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
4.88%
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%
$1,218,880
$1.2M
Cap Rate 7%
$870,629
$870.6K
Cap Rate 9%
$677,156
$677.2K
Market Conditions
NOI Build-Up for 4,653 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
$92.1K $19.80/SF
− Vacancy
−$5.1K −$1.09/SF
EGI
$87.1K $18.71/SF
− OpEx
−$26.1K −$5.61/SF
NOI
$60.9K $13.10/SF
Area
ZIP 89052
Vacancy
5.50%
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%
$1,218,880
Cap Rate 7%
$870,629
Cap Rate 9%
$677,156
Alternative Uses
Best Use
Multifamily LT 5
$870.6K
$761.8K – $1.02M
NOI $60,944 @ 7.0% cap · market cap 4.88%
Second Best
Apartment 5plus
$808.5K
$707.5K – $943.3K
NOI $56,598 @ 7.0% cap · market cap 4.53%
Theoretical Best
Specialty Retail
$1.63M
$1.43M – $1.90M
NOI $114,098 @ 7.0% cap · market cap 9.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,791
Businesses Nearby
Explore this area
Business Placement
Demographics for 89052, NV
59,987
Population
26,456
Households
2.3
Avg Household Size
46
Median Age
47%
College-Educated
96%
High-School Grad
16.3 sq mi
ZIP Area
3,680
Density / Sq Mi
$98,462
Median Household Income
$57,772
Median Earnings
$1,938
Median Rent
$595,500
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
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Frequently Asked Questions
What type of property is this?
Quadplex - Each residence has two levels, an attached garage, and two-and-a-half baths.
Where is this quadplex located?
The property is located at 2977 Duxbury Dr Henderson, NV.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Four‑unit property classified as a quadplex; Each residence has two stories and 2.5 baths; Two‑car attached garage for each residence
