Residential Income Property with
4545 Dean Martin Drive #101, Las Vegas, NV 89103
For Sale
$595,000
Furnished corner residence with a private outdoor patio, loft balcony, and two parking spaces.
Property Size1,808 SF
Price / SF$329.09
Days on Market26
Property Features for 4545 Dean Martin Drive #101
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Units
Multifamily Units
Parking per Unit
Additional Details
Furnished
Amenities
pool
balcony
laundry room
private patio
Building Details
Year Built
Listing Agency:
Mahsheed Real Estate LLC
Listed By:
Mahsheed Parsons · License #B.1001928
(702) 769-6274
Source:
Barberrealty
Added: Oct 13
Changed: Nov 6
Last Checked: Nov 7 at 6:28AM
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 Mahsheed Real Estate LLC
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Investment Insights
Based on property information with market context.
This furnished, two-level corner residence pairs a vaulted great room and dining area with a kitchen finished in granite and marble. The main floor also has a bedroom, full bathroom, and laundry room. Upstairs, a loft opens to a balcony facing the Panorama Towers pool, with partial views of the Las Vegas Strip. The primary suite includes an en-suite bathroom with a freestanding tub.
A private exterior patio sits beside the residence and provides outdoor space for a grill. The property includes two parking spaces, one on each of the main and second levels, and was built in 2008.
A private exterior patio sits beside the residence and provides outdoor space for a grill. The property includes two parking spaces, one on each of the main and second levels, and was built in 2008.
Key Highlights
- Furnished corner residence with a private exterior patio
- Two‑level layout with vaulted great room and loft
- Balcony overlooks the Panorama Towers pool and has partial Las Vegas Strip views
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,231
Cap Rate
3.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$384,620
$384.6K
Cap Rate 7%
$274,729
$274.7K
Cap Rate 9%
$213,678
$213.7K
Market Conditions
NOI Build-Up for 1,808 SF
Gross rent
$36.9K $20.40/SF
− Vacancy
−$1.9K −$1.06/SF
EGI
$35.0K $19.34/SF
− OpEx
−$15.7K −$8.70/SF
NOI
$19.2K $10.64/SF
Area
Las Vegas, NV
Vacancy
5.20%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$384,620
Cap Rate 7%
$274,729
Cap Rate 9%
$213,678
Alternative Uses
Best Use
Apartment 5plus
$274.7K
$240.4K – $320.5K
NOI $19,231 @ 7.0% cap · market cap 3.23%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$624.7K
$546.7K – $728.9K
NOI $43,732 @ 7.0% cap · market cap 7.35%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
2,216
Businesses Nearby
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Business Placement
Demographics for 89103, NV
49,461
Population
25,470
Households
1.9
Avg Household Size
39
Median Age
20%
College-Educated
83%
High-School Grad
6.5 sq mi
ZIP Area
7,609
Density / Sq Mi
$48,311
Median Household Income
$33,520
Median Earnings
$1,300
Median Rent
$273,800
Median Home Value
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Market
Average Price Trend$/SF for Residential income properties in Las Vegas, NV
Properties on Market for Residential income properties in Las Vegas
Frequently Asked Questions
What type of property is this?
Residential income property - Furnished corner residence with a private outdoor patio, loft balcony, and two parking spaces.
Where is this residential income property located?
The property is located at 4545 Dean Martin Drive #101 Las Vegas, NV.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: Furnished corner residence with a private exterior patio; Two‑level layout with vaulted great room and loft; Balcony overlooks the Panorama Towers pool and has partial Las Vegas Strip views
