Fourplex with Remodeled
New
For Sale
$474,998
405 N 15th Street, Las Vegas, NV 89101
Residential, Las Vegas, NV
Property Size1,920 SF
Lot Size0.15 Acres
Price / SF$247.39
Days on Market6
Property Features for 405 N 15th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking
5
Appliances
Refrigerator
Subdivision
Fourteenth Street City Add
Elementary school
,
Directions
From US-95, take the Eastern Ave exit and head north. Turn left (west) on Bonanza Rd, then left (south) on N 15th St. Property is located at 405 N 15th St.
Standard status
Active
APN
139-35-111-078
Size
1,920 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Annual Amount
1116
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Wall Furnace
Cooling system
Window Unit(s)
Water source
Public
Building Details
Year built
1954
Floors in Building
2
Number of units
4
Flooring type
Vinyl, Tile
Architectural style
Other
Listing Agency:
Galindo Group Real Estate
(702) 501-9963
Listed By:
Valeria G. Mariscal-Marquez · License #S.0182961
(702) 978-2215
Added: Oct 16
Changed: Oct 19
Last Checked: Oct 21 at 3:06AM
MLS# 2825753
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.
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Investment Insights
Based on property information with market context.
This 1,920-square-foot fourplex contains four apartments, each configured with one bedroom and one bathroom and measuring approximately 480 square feet. One unit has been remodeled. Building systems include electric heat with wall furnaces and window-unit cooling; flooring is vinyl and tile. The property was built in 1954 and has public water and sewer service.
Three apartments are vacant, while one is occupied under a $900-per-month tenancy. The lot measures approximately 6,534 square feet. The property is in Las Vegas, with access to Downtown Las Vegas, shopping, dining, and major roadways.
Three apartments are vacant, while one is occupied under a $900-per-month tenancy. The lot measures approximately 6,534 square feet. The property is in Las Vegas, with access to Downtown Las Vegas, shopping, dining, and major roadways.
Key Highlights
- Four apartments, each with 1 bedroom and 1 bathroom
- Approximately 480 square feet per unit; 1,920 square feet total
- Three units vacant and one tenant‑occupied at $900/month
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,099
Cap Rate
4.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$441,980
$442.0K
Cap Rate 7%
$315,700
$315.7K
Cap Rate 9%
$245,544
$245.5K
Market Conditions
NOI Build-Up for 1,920 SF
Gross rent
$33.4K $17.40/SF
− Vacancy
−$1.8K −$0.96/SF
EGI
$31.6K $16.44/SF
− OpEx
−$9.5K −$4.93/SF
NOI
$22.1K $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%
$441,980
Cap Rate 7%
$315,700
Cap Rate 9%
$245,544
Alternative Uses
Best Use
Multifamily LT 5
$315.7K
$276.2K – $368.3K
NOI $22,099 @ 7.0% cap · market cap 4.65%
Second Best
Apartment 5plus
$291.7K
$255.3K – $340.4K
NOI $20,422 @ 7.0% cap · market cap 4.30%
Theoretical Best
Specialty Retail
$663.4K
$580.5K – $774.0K
NOI $46,441 @ 7.0% cap · market cap 9.78%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
4
Residential units
25%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,599
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Four one-bedroom apartments include electric utilities and a mix of occupied and vacant units.
Where is this quadplex located?
The property is located at 405 N 15th Street Las Vegas, NV.
What is the asking price?
The asking price for this property is $474,998.
What are key features of this property?
This property features: Four apartments, each with 1 bedroom and 1 bathroom; Approximately 480 square feet per unit; 1,920 square feet total; Three units vacant and one tenant‑occupied at $900/month
