Fully Occupied
For Sale
$562,999
4671 Krissylouise Way, Las Vegas, NV 89121
Four residential units are located within a gated community with association-maintained building exteriors and roofs.
Property Size3,168 SF
Days on Market118
Property Features for 4671 Krissylouise Way
General Information
Standard status
Active
Size
3,168 SF
Property subtype
Multi Family
Occupancy
100%
Additional Details
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$3,118
Amenities
gated community
Building Details
Building Size
3,168 SF
Year Built
1995
Listing Agency:
Realty ONE Group, Inc
Listed By:
Ginger Gorman · License #S.0190885
(702) 708-4257
Source:
Virtuelre
Added: Jun 24
Changed: Oct 3
Last Checked: Oct 16 at 5:14PM
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 Realty ONE Group, Inc
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Investment Insights
Based on property information with market context.
This 3,168-square-foot quadplex contains four residential units and was built in 1995. The property is fully occupied and situated within a gated community.
The homeowners association provides trash and sewage service and covers the exterior of the buildings and roofs. The property is located at 4671 Krissylouise Way in Las Vegas, Nevada 89121.
The homeowners association provides trash and sewage service and covers the exterior of the buildings and roofs. The property is located at 4671 Krissylouise Way in Las Vegas, Nevada 89121.
Key Highlights
- Four‑unit quadplex configuration
- All units are fully occupied
- Located within a gated community
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,625
Cap Rate
7.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$832,500
$832.5K
Cap Rate 7%
$594,643
$594.6K
Cap Rate 9%
$462,500
$462.5K
Market Conditions
NOI Build-Up for 3,168 SF
Gross rent
$62.7K $19.80/SF
− Vacancy
−$3.3K −$1.03/SF
EGI
$59.5K $18.77/SF
− OpEx
−$17.8K −$5.63/SF
NOI
$41.6K $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%
$832,500
Cap Rate 7%
$594,643
Cap Rate 9%
$462,500
Alternative Uses
Best Use
Multifamily LT 5
$594.6K
$520.3K – $693.8K
NOI $41,625 @ 7.0% cap · market cap 7.39%
Second Best
Apartment 5plus
$533.5K
$466.8K – $622.4K
NOI $37,343 @ 7.0% cap · market cap 6.63%
Theoretical Best
Office A
$822.1K
$719.4K – $959.1K
NOI $57,548 @ 7.0% cap · market cap 10.22%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
4
Residential units
100%
Occupancy
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Four residential units are located within a gated community with association-maintained building exteriors and roofs.
Where is this quadplex located?
The property is located at 4671 Krissylouise Way Las Vegas, NV.
What is the asking price?
The asking price for this property is $562,999.
What are key features of this property?
This property features: Four‑unit quadplex configuration; All units are fully occupied; Located within a gated community
