3639 KOLENDO CT, Las Vegas, NV 89103
Well-maintained fourplex offering four 2-bedroom, 2-bath units with potential for rent adjustments.
- Added:
- May 29, 2026
- Days on Market:
- 14
- Last Refresh:
- Jun 6 at 4:21 am
Property Features for 3639 KOLENDO CT
General Information
- Standard status
- Active
- Size
- 3,648 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1977
Listing agent Blake Leavitt License #BS.0145665.LLC
Listing office KW Commercial
Listing date May 29, 2026
Source Crexi
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 KW Commercial
HighLights
- Fourplex built in 1977 in central Las Vegas
- Four units total: each unit is 2‑bedroom and 2‑bath
- Well‑maintained property with four large 2 bed/2 bath units
- Value‑add potential to increase rents to market rate
Overview
Located in central Las Vegas, the property is presented as a convenient base for residents, with access to the Las Vegas Strip, Chinatown, major employment centers, shopping, dining, and Interstate 15. The listing emphasizes connectivity for renters who value proximity to day-to-day and entertainment destinations.
For buyers seeking a residential income property with a straightforward unit mix, this fourplex provides consistent layouts across four units. Its combination of two-bedroom, two-bath design and maintained condition supports a practical leasing strategy, while the stated value-add approach centers on adjusting rents toward market levels.
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 | $63.5k | $17.40 |
| − Vacancy | −$3.5k | −$0.96 |
| EGI | $60.0k | $16.44 |
| − OpEx | −$18.0k | −$4.93 |
| NOI | $42.0k | $11.51 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Las Vegas
- County
- Clark
- State
- Nevada
- Longitude
- -115.205902
- Latitude
- 36.1237
