Two-Level Residential Income
4555 Dean Martin Drive #102, Las Vegas, NV 89103
For Sale
$585,000
The residence includes a private patio with views toward the community pool.
Property Size1,770 SF
Price / SF$330.51
Days on Market51
Property Features for 4555 Dean Martin Drive #102
General Information
Standard status
Size
Property subtype
Additional Details
Multifamily Units
Amenities
pool
spa
garage parking
24/7 transportation service
fitness center
sauna
theater room
pet park
24-hour security
concierge
valet service
Building Details
Year Built
Listing Agency:
Huntington & Ellis, A Real Est
(702) 583-3030
Listed By:
Jack Greenberg · License NV BS.0145963
(702) 400-4400
Source:
Barberrealty
Added: Sep 25
Changed: Nov 13
Last Checked: Nov 13 at 1:40PM
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 Huntington & Ellis, A Real Est
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Investment Insights
Based on property information with market context.
This two-level residential property at Panorama Towers has 2 bedrooms, 2 bathrooms and 1,770 square feet of interior space. Built in 2008, the home includes an open-plan living area and a private patio oriented toward the pool.
Community features include a pool and spa, fitness center, sauna, theater room, pet park, garage parking, concierge and valet service. The property is located at 4555 Dean Martin Drive in Las Vegas, minutes from the Las Vegas Strip. Residents also have access to 24-hour security and transportation service.
Community features include a pool and spa, fitness center, sauna, theater room, pet park, garage parking, concierge and valet service. The property is located at 4555 Dean Martin Drive in Las Vegas, minutes from the Las Vegas Strip. Residents also have access to 24-hour security and transportation service.
Key Highlights
- 2 bedrooms and 2 bathrooms across two levels
- 1,770 square feet
- Private patio with views toward the pool
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,827
Cap Rate
3.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$376,540
$376.5K
Cap Rate 7%
$268,957
$269.0K
Cap Rate 9%
$209,189
$209.2K
Market Conditions
NOI Build-Up for 1,770 SF
Gross rent
$36.1K $20.40/SF
− Vacancy
−$1.9K −$1.06/SF
EGI
$34.2K $19.34/SF
− OpEx
−$15.4K −$8.70/SF
NOI
$18.8K $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%
$376,540
Cap Rate 7%
$268,957
Cap Rate 9%
$209,189
Alternative Uses
Best Use
Apartment 5plus
$269.0K
$235.3K – $313.8K
NOI $18,827 @ 7.0% cap · market cap 3.22%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$611.6K
$535.2K – $713.6K
NOI $42,813 @ 7.0% cap · market cap 7.32%
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 - The residence includes a private patio with views toward the community pool.
Where is this residential income property located?
The property is located at 4555 Dean Martin Drive #102 Las Vegas, NV.
What is the asking price?
The asking price for this property is $585,000.
What are key features of this property?
This property features: 2 bedrooms and 2 bathrooms across two levels; 1,770 square feet; Private patio with views toward the pool
