Gated Quadplex with Community
For Sale
$559,000
4622 Tracylynn Lane, Las Vegas, NV 89121
Residential, Las Vegas, NV
Property Size3,112 SF
Lot Size0.04 Acres
Price / SF$179.63
Days on Market149
Property Features for 4622 Tracylynn Lane
General Information
Property type
Residential Multi Family
Property subtype
Other
Appliances
Dryer, Dishwasher, Refrigerator, Washer
Subdivision
Village At Karen
Elementary school
,
Directions
From Sahara and Lamb, South on Lamb, east on Karen. South on Mountain vista to community
Standard status
Active
APN
161-08-510-024
Size
3,112 SF
Lot size
0.04 Acres
Taxes and HOA fees
Tax Annual Amount
2498
Utilities
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Central Air
Water source
Public
Amenities
gated community
pool
in-unit washer and dryer
Building Details
Year built
1984
Floors in Building
2
Number of units
4
Flooring type
Tile
Building materials
Stucco
Roof type
Tile
Architectural style
Other
Listing Agency:
Realty ONE Group, Inc
(702) 898-1221
Listed By:
Adam Naglich · License #S.0177451
(702) 335-2156
Added: May 18
Changed: Sep 29
Last Checked: Oct 13 at 1:06PM
MLS# 2783884
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.
Investment Insights
Based on property information with market context.
This four-unit residential income property in Las Vegas contains 3,112 square feet and was built in 1984. Each unit includes its own washer and dryer, while additional appliances include a dishwasher and refrigerator. Tile flooring, stucco construction, a tile roof, central heating, and central air support the property's established physical profile.
The property occupies 0.04 acres at 4622 Tracylynn Lane in Las Vegas, Nevada. Residents have access to a gated community setting and a shared pool. Public water and public sewer serve the property, with electric heating in place.
The property occupies 0.04 acres at 4622 Tracylynn Lane in Las Vegas, Nevada. Residents have access to a gated community setting and a shared pool. Public water and public sewer serve the property, with electric heating in place.
Key Highlights
- Four‑unit property with 3,112 square feet of building area
- Built in 1984 on a 0.04‑acre lot
- Each unit includes its own washer and dryer
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,889
Cap Rate
7.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$817,780
$817.8K
Cap Rate 7%
$584,129
$584.1K
Cap Rate 9%
$454,322
$454.3K
Market Conditions
NOI Build-Up for 3,112 SF
Gross rent
$61.6K $19.80/SF
− Vacancy
−$3.2K −$1.03/SF
EGI
$58.4K $18.77/SF
− OpEx
−$17.5K −$5.63/SF
NOI
$40.9K $13.14/SF
Area
ZIP 89121
Vacancy
5.20%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$817,780
Cap Rate 7%
$584,129
Cap Rate 9%
$454,322
Alternative Uses
Best Use
Multifamily LT 5
$584.1K
$511.1K – $681.5K
NOI $40,889 @ 7.0% cap · market cap 7.31%
Second Best
Apartment 5plus
$524.0K
$458.5K – $611.4K
NOI $36,683 @ 7.0% cap · market cap 6.56%
Theoretical Best
Office A
$807.6K
$706.6K – $942.2K
NOI $56,531 @ 7.0% cap · market cap 10.11%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
794
Businesses Nearby
Explore this area
Business Placement
Demographics for 89121, NV
68,692
Population
29,012
Households
2.4
Avg Household Size
39
Median Age
16%
College-Educated
78%
High-School Grad
9.2 sq mi
ZIP Area
7,467
Density / Sq Mi
$54,667
Median Household Income
$32,776
Median Earnings
$1,306
Median Rent
$288,400
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Quadplex - Four rental units feature in-unit laundry, tile flooring, and central heating and cooling within a secured residential community.
Where is this quadplex located?
The property is located at 4622 Tracylynn Lane Las Vegas, NV.
What is the asking price?
The asking price for this property is $559,000.
What are key features of this property?
This property features: Four‑unit property with 3,112 square feet of building area; Built in 1984 on a 0.04‑acre lot; Each unit includes its own washer and dryer
