Fourplex with Separate
For Sale
$700,000
4272 Vornsand Drive, Las Vegas, NV 89115
Four-unit residential property near shopping, dining, entertainment, and major roadways.
Property Size3,604 SF
Days on Market56
Property Features for 4272 Vornsand Drive
General Information
Standard status
Active
Size
3,604 SF
Property subtype
Multi Family
Additional Details
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$1,650
Building Details
Building Size
3,604 SF
Year Built
1984
Buildings
1
Listing Agency:
Epique Realty
Listed By:
Phillip E. Moore Jr · License #S.0185986
(702) 559-4727
Source:
Virtuelre
Added: Aug 19
Changed: Sep 28
Last Checked: Oct 13 at 1:06AM
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 Epique Realty
Investment Insights
Based on property information with market context.
This quadplex, built in 1984, contains four separate residential units within one multifamily property. The configuration supports rental use across the building and provides a structure suitable for an owner occupant who wants to live in one unit while leasing the others.
Located at 4272 Vornsand Dr in Las Vegas, the property is near shopping, dining, entertainment, and major roadways. Walk Score is 30, Bike Score is 33, and Transit Score is 40.
Located at 4272 Vornsand Dr in Las Vegas, the property is near shopping, dining, entertainment, and major roadways. Walk Score is 30, Bike Score is 33, and Transit Score is 40.
Key Highlights
- Four separate residential units
- Quadplex built in 1984
- Located at 4272 Vornsand Dr, Las Vegas, NV 89115
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,744
Cap Rate
5.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$774,880
$774.9K
Cap Rate 7%
$553,486
$553.5K
Cap Rate 9%
$430,489
$430.5K
Market Conditions
NOI Build-Up for 3,604 SF
Gross rent
$58.4K $16.20/SF
− Vacancy
−$3.0K −$0.84/SF
EGI
$55.3K $15.36/SF
− OpEx
−$16.6K −$4.61/SF
NOI
$38.7K $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%
$774,880
Cap Rate 7%
$553,486
Cap Rate 9%
$430,489
Alternative Uses
Best Use
Multifamily LT 5
$553.5K
$484.3K – $645.7K
NOI $38,744 @ 7.0% cap · market cap 5.53%
Second Best
Apartment 5plus
$511.1K
$447.2K – $596.3K
NOI $35,779 @ 7.0% cap · market cap 5.11%
Theoretical Best
Office A
$1.08M
$942.8K – $1.26M
NOI $75,425 @ 7.0% cap · market cap 10.78%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
487
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
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-unit residential property near shopping, dining, entertainment, and major roadways.
Where is this quadplex located?
The property is located at 4272 Vornsand Drive Las Vegas, NV.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: Four separate residential units; Quadplex built in 1984; Located at 4272 Vornsand Dr, Las Vegas, NV 89115
