Four-Unit Residential
New
For Sale
$619,000
4160 E Tonopah Avenue, Las Vegas, NV 89115
Residential, Las Vegas, NV
Property Size3,212 SF
Lot Size0.19 Acres
Price / SF$192.71
Days on Market3
Property Features for 4160 E Tonopah Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Appliances
Dryer, Dishwasher, Microwave, Refrigerator, Washer
Subdivision
Lake Mead Villas
Elementary school
,
Directions
FROM 95 TAKE THE CHARLESTON EXIT, HEAD EAST, L ON LAMB L ON E TONOPAH AVE.
Standard status
Active
APN
140-19-712-036
Size
3,212 SF
Lot size
0.19 Acres
Taxes and HOA fees
Tax Annual Amount
2351
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Central
Cooling system
Central Air
Water source
Public
Amenities
pool
playground
private laundry rooms
fireplaces
Building Details
Year built
1987
Floors in Building
2
Number of units
4
Flooring type
Carpet, Tile
Building materials
Stucco
Roof type
Composition, Shingle
Architectural style
Other
Listing Agency:
Simply Vegas
(702) 685-3000
Listed By:
Deanna M. Riddle · License #S.0068659
(702) 813-8899
Added: Oct 29
Changed: Oct 30
Last Checked: Oct 31 at 12:06AM
MLS# 2830660
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 3,212-square-foot quadplex contains four residences, each with two bedrooms, one bathroom, a living room with a fireplace, private laundry, and a dining area beside the kitchen. Appliances are included. The building dates to 1987 and sits on a 0.19-acre lot. Stucco construction, carpet and tile flooring, central heating and air conditioning, and a composition shingle roof are among its physical features.
All four residences are occupied by long-term tenants. Community amenities include a pool and playground. The HOA covers trash, sewer, common-area electricity and water, landscaping, and exterior upkeep, including the roof and stairs. Schools, shopping, and everyday amenities are nearby.
All four residences are occupied by long-term tenants. Community amenities include a pool and playground. The HOA covers trash, sewer, common-area electricity and water, landscaping, and exterior upkeep, including the roof and stairs. Schools, shopping, and everyday amenities are nearby.
Key Highlights
- Four residences, each with 2 bedrooms and 1 bathroom
- 3,212 square feet on a 0.19‑acre lot
- All 4 residences 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.
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
451
Businesses Nearby
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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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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, private laundry, and included appliances.
Where is this quadplex located?
The property is located at 4160 E Tonopah Avenue 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 residences, each with 2 bedrooms and 1 bathroom; 3,212 square feet on a 0.19‑acre lot; All 4 residences are occupied by long‑term tenants
