4-Unit Apartment
For Sale
$690,000
4284 Vornsand Drive, Las Vegas, NV 89115
Residential, Las Vegas, NV
Property Size3,604 SF
Lot Size0.20 Acres
Price / SF$191.45
Days on Market75
Property Features for 4284 Vornsand Drive
General Information
Property type
Residential Multi Family
Property subtype
Other
Window features
Blinds
Interior features
Ceiling Fan(s), Window Treatments
Appliances
Refrigerator
Subdivision
Puebla Estate
Elementary school
,
Directions
From Craig Rd & Lamb Blvd - East on Craig Rd - Right on Puebla St - Left on Thunderbolt Ave - Right on Vornsand Dr - Property on the Left.
Standard status
Active
APN
140-05-710-016
Size
3,604 SF
Lot size
0.20 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Annual Amount
1650
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1984
Floors in Building
2
Number of units
4
Flooring type
Tile
Building materials
Stucco
Roof type
Shingle, Composition
Architectural style
Other
Listing Agency:
Executive Realty Services
(702) 278-8871
Listed By:
Justin Bezanski · License #S.0184531
(702) 885-3013
Added: Aug 12
Changed: Oct 25
Last Checked: Oct 25 at 9:06PM
MLS# 2808445
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 3,604-square-foot fourplex contains four separate residences: two three-bedroom units and two one-bedroom units. Each unit is occupied, and the property operates without an HOA. Built in 1984, the building features stucco construction, tile flooring, central heating and air conditioning, ceiling fans, window treatments, and refrigerators. Public water and sewer serve the property, with a composition shingle roof in place.
The 0.20-acre property is located in Las Vegas, near schools, shopping, restaurants, freeway access, and other everyday services. Its four-unit configuration and established occupancy provide a straightforward multifamily format for an owner seeking an income-producing residential asset.
The 0.20-acre property is located in Las Vegas, near schools, shopping, restaurants, freeway access, and other everyday services. Its four-unit configuration and established occupancy provide a straightforward multifamily format for an owner seeking an income-producing residential asset.
Key Highlights
- Four separate units with two 3‑bedroom residences and two 1‑bedroom residences
- All 4 units are occupied
- 3,604 square feet on a 0.20‑acre lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,744
Cap Rate
5.62%
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 5.62%
Second Best
Apartment 5plus
$511.1K
$447.2K – $596.3K
NOI $35,779 @ 7.0% cap · market cap 5.19%
Theoretical Best
Office A
$1.08M
$942.8K – $1.26M
NOI $75,425 @ 7.0% cap · market cap 10.93%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Lease Details
4
Residential units
100%
Occupancy
Yes
Highway access
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
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Fully occupied fourplex with a varied unit mix, no HOA, and central utilities serving the property.
Where is this quadplex located?
The property is located at 4284 Vornsand Drive Las Vegas, NV.
What is the asking price?
The asking price for this property is $690,000.
What are key features of this property?
This property features: Four separate units with two 3‑bedroom residences and two 1‑bedroom residences; All 4 units are occupied; 3,604 square feet on a 0.20‑acre lot
