4-Unit
New
For Sale
$619,000
4160 E Tonopah Ave, Las Vegas, NV 89115
Each residence has two bedrooms, a fireplace, and private laundry facilities.
Property Size3,212 SF
Price / SF$192.71
Days on Market1
Property Features for 4160 E Tonopah Ave
General Information
Standard status
Active
Size
3,212 SF
Property subtype
Multi-Family
Occupancy
100%
Site & Location
Neighborhood
Sunrise
Units
Unit Mix
4 x 2BR/1BA
Multifamily Units
4
Additional Details
Tenant in Place
Yes
Amenities
fireplaces
private laundry rooms
pool
playground
Building Details
Year Built
1987
Buildings
1
Tenancy
Multi
Listing Agency:
Simply Vegas
(702) 813-8899
Listed By:
Deanna Riddle · License #S.0068659
(702) 685-3000
Source:
Thelasvegasluxuryhomepro
Added: Oct 30
Last Checked: Oct 30 at 12:49PM
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 Simply Vegas
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Investment Insights
Based on property information with market context.
This 3,212-square-foot quadplex, built in 1987, contains four residences with two bedrooms and one bathroom apiece. Each unit includes a living room with a fireplace, a private laundry room, and a dining area adjoining the kitchen. Appliances are included, and all four units are occupied by long-term tenants.
Residents have access to a community pool and playground. The HOA covers trash, sewer, water and electricity for common areas, landscaping, and exterior upkeep, including the roof and stairs. The property is at 4160 E Tonopah Ave in Las Vegas, near schools and shopping.
Residents have access to a community pool and playground. The HOA covers trash, sewer, water and electricity for common areas, landscaping, and exterior upkeep, including the roof and stairs. The property is at 4160 E Tonopah Ave in Las Vegas, near schools and shopping.
Key Highlights
- Four units, each with 2 bedrooms and 1 bathroom
- 3,212 square feet; built in 1987
- All four units are occupied by long‑term tenants
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,530
Cap Rate
5.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$690,600
$690.6K
Cap Rate 7%
$493,286
$493.3K
Cap Rate 9%
$383,667
$383.7K
Market Conditions
NOI Build-Up for 3,212 SF
Gross rent
$52.0K $16.20/SF
− Vacancy
−$2.7K −$0.84/SF
EGI
$49.3K $15.36/SF
− OpEx
−$14.8K −$4.61/SF
NOI
$34.5K $10.75/SF
Area
ZIP 89115
Vacancy
5.20%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$690,600
Cap Rate 7%
$493,286
Cap Rate 9%
$383,667
Alternative Uses
Best Use
Multifamily LT 5
$493.3K
$431.6K – $575.5K
NOI $34,530 @ 7.0% cap · market cap 5.58%
Second Best
Apartment 5plus
$455.5K
$398.6K – $531.5K
NOI $31,887 @ 7.0% cap · market cap 5.15%
Theoretical Best
Office A
$960.3K
$840.3K – $1.12M
NOI $67,221 @ 7.0% cap · market cap 10.86%
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
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
451
Businesses Nearby
Explore this area
Business Placement
Demographics for 89115, NV
67,043
Population
21,670
Households
3.1
Avg Household Size
29
Median Age
9%
College-Educated
70%
High-School Grad
24.9 sq mi
ZIP Area
2,692
Density / Sq Mi
$49,648
Median Household Income
$32,198
Median Earnings
$1,294
Median Rent
$258,900
Median Home Value
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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 - Each residence has two bedrooms, a fireplace, and private laundry facilities.
Where is this quadplex located?
The property is located at 4160 E Tonopah Ave Las Vegas, NV.
What is the asking price?
The asking price for this property is $619,000.
What are key features of this property?
This property features: Four units, each with 2 bedrooms and 1 bathroom; 3,212 square feet; built in 1987; All four units are occupied by long‑term tenants
