4-Unit Residential
New
For Sale
$650,000
4438 Newsom Circle, Las Vegas, NV 89119
Residential, Las Vegas, NV
Property Size3,536 SF
Lot Size0.26 Acres
Price / SF$183.82
Days on Market4
Property Features for 4438 Newsom Circle
General Information
Property type
Residential Multi Family
Property subtype
Other
Window features
Blinds
Interior features
Window Treatments
Subdivision
University Gardens
Elementary school
,
Directions
From Flamingo and Maryland, S on Maryland, E on Harmon, N on Tamara's, E on University, S on Newsom
Standard status
Active
APN
162-23-212-007
Size
3,536 SF
Lot size
0.26 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Annual Amount
2622
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1979
Floors in Building
2
Number of units
4
Flooring type
Carpet, Vinyl
Building materials
Stucco
Roof type
Tile
Architectural style
Other
Buildings
1
Listing Agency:
Real Broker LLC
(702) 853-2444
Listed By:
Mary Preheim · License #S.0075901
(702) 403-3452
Added: Nov 3
Changed: Nov 5
Last Checked: Nov 6 at 10:06AM
MLS# 2831549
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 four-unit residential property contains four matching two-bedroom, two-bathroom homes, totaling 8 bedrooms and 8 bathrooms. Two units have been updated. Three are occupied, and the fourth is vacant and ready for a new tenant or owner-occupant.
The property was built in 1979 and occupies a 0.26-acre lot. Building systems include central heating and air conditioning, with public water and sewer service.
The property was built in 1979 and occupies a 0.26-acre lot. Building systems include central heating and air conditioning, with public water and sewer service.
Key Highlights
- Four matching units, each with 2 bedrooms and 2 bathrooms
- Two units have been remodeled
- Three units are tenant‑occupied; one is vacant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,700
Cap Rate
6.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$814,000
$814.0K
Cap Rate 7%
$581,429
$581.4K
Cap Rate 9%
$452,222
$452.2K
Market Conditions
NOI Build-Up for 3,536 SF
Gross rent
$61.5K $17.40/SF
− Vacancy
−$3.4K −$0.96/SF
EGI
$58.1K $16.44/SF
− OpEx
−$17.4K −$4.93/SF
NOI
$40.7K $11.51/SF
Area
Las Vegas, NV
Vacancy
5.50%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$814,000
Cap Rate 7%
$581,429
Cap Rate 9%
$452,222
Alternative Uses
Best Use
Multifamily LT 5
$581.4K
$508.8K – $678.3K
NOI $40,700 @ 7.0% cap · market cap 6.26%
Second Best
Apartment 5plus
$537.3K
$470.1K – $626.9K
NOI $37,611 @ 7.0% cap · market cap 5.79%
Theoretical Best
Specialty Retail
$1.22M
$1.07M – $1.43M
NOI $85,529 @ 7.0% cap · market cap 13.16%
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
Location Intelligence
Trade Area within ½ mile
3,401
Businesses Nearby
Explore this area
Business Placement
Demographics for 89119, NV
48,895
Population
24,756
Households
2
Avg Household Size
36
Median Age
20%
College-Educated
84%
High-School Grad
12.9 sq mi
ZIP Area
3,790
Density / Sq Mi
$46,472
Median Household Income
$32,590
Median Earnings
$1,184
Median Rent
$301,000
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 - Three homes are occupied, with one unit available for a new resident or owner occupancy.
Where is this quadplex located?
The property is located at 4438 Newsom Circle Las Vegas, NV.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Four matching units, each with 2 bedrooms and 2 bathrooms; Two units have been remodeled; Three units are tenant‑occupied; one is vacant
