Renovated Four-Unit Quadplex
For Sale
Contact for pricing
4300 N LAMONT ST, Las Vegas, NV 89115
Fully occupied residential income property with renovated interiors, complete appliances, private storage, and ample parking.
Property Size4,131 SF
Price / SF$199.71
Days on Market40
Property Features for 4300 N LAMONT ST
General Information
Standard status
Active
Size
4,131 SF
Property subtype
Multifamily
Occupancy
100%
Net Operating Income
$40,325
Units
Unit Mix
3 x 2BR/2BA, 1 x 3BR/2BA
Multifamily Units
4
Amenities
in-unit washer/dryer
outdoor storage rooms
ample parking
Building Details
Year Built
1983
Buildings
2
Stories
1
Units
4
Listing Agency:
KW Commercial
Listed By:
Blake Leavitt · License #BS.0145665.LLC
Source:
Crexi
Added: Jul 24
Changed: Aug 31
Last Checked: Sep 1 at 1:46AM
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 KW Commercial
Investment Insights
Based on property information with market context.
This four-unit residential portfolio combines three two-bedroom, two-bath condos at 4300 N Lamont St with one three-bedroom, two-bath condo at 4437 Dover Straight St. The Lamont units measure 864 square feet each, while the Dover Straight unit measures 1,539 square feet. Every residence includes a full appliance package with a washer and dryer, along with an outdoor storage room and ample parking. Interior and exterior renovations have been completed, and all four units are fully occupied.
The properties are positioned in Northeast Las Vegas with access to Downtown Las Vegas, the Las Vegas Strip, Nellis Air Force Base, Apex Industrial Park, and the North Las Vegas industrial corridor. The owner may sell the condos individually or together as a portfolio.
The properties are positioned in Northeast Las Vegas with access to Downtown Las Vegas, the Las Vegas Strip, Nellis Air Force Base, Apex Industrial Park, and the North Las Vegas industrial corridor. The owner may sell the condos individually or together as a portfolio.
Key Highlights
- Four fully occupied condo units offered individually or as one portfolio
- Three 2‑bed/2‑bath units at 4300 N Lamont St, each measuring 864 square feet
- One 3‑bed/2‑bath condo at 4437 Dover Straight St with 1,539 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$44,410
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.38%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$888,200
$888.2K
Cap Rate 7%
$634,429
$634.4K
Cap Rate 9%
$493,444
$493.4K
Market Conditions
NOI Build-Up for 4,131 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$66.9K $16.20/SF
− Vacancy
−$3.5K −$0.84/SF
EGI
$63.4K $15.36/SF
− OpEx
−$19.0K −$4.61/SF
NOI
$44.4K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$888,200
Cap Rate 7%
$634,429
Cap Rate 9%
$493,444
Alternative Uses
Best Use
Multifamily LT 5
$634.4K
$555.1K – $740.2K
NOI $44,410 @ 7.0% cap · market cap 5.38%
Second Best
Apartment 5plus
$585.9K
$512.6K – $683.5K
NOI $41,010 @ 7.0% cap · market cap 4.97%
Theoretical Best
Office A
$1.24M
$1.08M – $1.44M
NOI $86,454 @ 7.0% cap · market cap 10.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
433
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Fully occupied residential income property with renovated interiors, complete appliances, private storage, and ample parking.
Where is this quadplex located?
The property is located at 4300 N LAMONT ST Las Vegas, NV.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: Four fully occupied condo units offered individually or as one portfolio; Three 2‑bed/2‑bath units at 4300 N Lamont St, each measuring 864 square feet; One 3‑bed/2‑bath condo at 4437 Dover Straight St with 1,539 square feet
