Corner-Lot
For Sale
$699,000
3244 Figler Court, North Las Vegas, NV 89030
Residential, North Las Vegas, NV
Property Size3,944 SF
Lot Size0.17 Acres
Price / SF$177.23
Days on Market47
Property Features for 3244 Figler Court
General Information
Property type
Residential Multi Family
Property subtype
Other
Appliances
Refrigerator
Subdivision
Arroyo Apts 2
Elementary school
,
Directions
I-15 NORTH, EAST ON CHEYENNE, NORTH ON MARY DEE AVE
Standard status
Active
APN
139-12-412-021
Size
3,944 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Annual Amount
2028
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Central Air
Water source
Public
Amenities
tile flooring
washer/dryer hookups
fully fenced
Building Details
Year built
1984
Floors in Building
2
Number of units
4
Flooring type
Vinyl, Tile
Building materials
Wood Frame
Architectural style
Other
Listing Agency:
Rothwell Gornt Companies
(702) 932-8813
Listed By:
Ryan Crighton · License #BS.0000254
(702) 217-1048
Added: Jul 28
Changed: Sep 2
Last Checked: Sep 12 at 9:06AM
MLS# 2804039
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.
Built in 1984, this wood-frame quadplex contains four residential units totaling 3,944 square feet on a 0.17-acre corner lot. Each unit includes tile flooring and washer/dryer hookups, while refrigerators are provided. The property is fully fenced, and the exterior has been freshly painted. Central air conditioning and electric central heating serve the building.
The roof and AC units were replaced within the last five years. Public water and public sewer serve the property, and no HOA is in place. The configuration supports continued residential income use or an owner-occupancy strategy, as stated in the property information.
The roof and AC units were replaced within the last five years. Public water and public sewer serve the property, and no HOA is in place. The configuration supports continued residential income use or an owner-occupancy strategy, as stated in the property information.
Key Highlights
- Four‑unit quadplex totaling 3,944 square feet
- Situated on a 0.17‑acre corner lot
- Roof and AC units replaced within the last five years
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
$44,915
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
6.43%
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%
$898,300
$898.3K
Cap Rate 7%
$641,643
$641.6K
Cap Rate 9%
$499,056
$499.1K
Market Conditions
NOI Build-Up for 3,944 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
$68.6K $17.40/SF
− Vacancy
−$4.5K −$1.13/SF
EGI
$64.2K $16.27/SF
− OpEx
−$19.2K −$4.88/SF
NOI
$44.9K $11.39/SF
Area
North Las Vegas, NV
Vacancy
6.50%
Lease Rate
$17.40 /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%
$898,300
Cap Rate 7%
$641,643
Cap Rate 9%
$499,056
Alternative Uses
Best Use
Multifamily LT 5
$641.6K
$561.4K – $748.6K
NOI $44,915 @ 7.0% cap · market cap 6.43%
Second Best
Apartment 5plus
$593.0K
$518.9K – $691.8K
NOI $41,508 @ 7.0% cap · market cap 5.94%
Theoretical Best
Office A
$1.07M
$933.9K – $1.25M
NOI $74,712 @ 7.0% cap · market cap 10.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
434
Businesses Nearby
Explore this area
Business Placement
Demographics for 89030, NV
56,399
Population
16,632
Households
3.4
Avg Household Size
30
Median Age
5%
College-Educated
58%
High-School Grad
9.5 sq mi
ZIP Area
5,937
Density / Sq Mi
$46,204
Median Household Income
$31,787
Median Earnings
$1,139
Median Rent
$237,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Quadplex - Four residential units offer tile flooring, laundry hookups, fencing, and updated major systems without HOA restrictions.
Where is this quadplex located?
The property is located at 3244 Figler Court North Las Vegas, NV.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Four‑unit quadplex totaling 3,944 square feet; Situated on a 0.17‑acre corner lot; Roof and AC units replaced within the last five years
