Gated
For Sale
$529,000
4672 Krissylouise Way, Las Vegas, NV 89121
Each residence has two bedrooms, one bathroom, central air conditioning, and washer and dryer hookups.
Property Size3,168 SF
Days on Market10
Property Features for 4672 Krissylouise Way
General Information
Standard status
Active
Size
3,168 SF
Property subtype
Multi Family
Occupancy
100%
Financials
Gross Income
$51,084
HOA Fee
$950
Units
Unit Mix
4 x 2BR/1BA
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$3,118
Amenities
community pool
playground
central A/C
washer/dryer hookups
Building Details
Building Size
3,168 SF
Year Built
1995
Stories
2
Units
4
Tenancy
Multi
Listing Agency:
Keller Williams Realty Las Vegas
Listed By:
Christopher J. Jaramillo · License #S.0202519
(702) 219-3677
Source:
Elliman
Added: Oct 19
Changed: Oct 25
Last Checked: Oct 28 at 8:31AM
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 Keller Williams Realty Las Vegas
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Investment Insights
Based on property information with market context.
This four-unit multifamily property is located in the gated Village at Karen community. All four residences are occupied, and each has two bedrooms, one bathroom, central air conditioning, washer and dryer hookups, and public utilities. The building dates to 1995, with open parking available on site.
Leases for units A and B run through 12/31/2026; units C and D have lease terms through 3/31/2027. The HOA covers grounds maintenance, exterior upkeep, sewer, trash, and access to the community pool and playground. Showings are available by appointment.
Leases for units A and B run through 12/31/2026; units C and D have lease terms through 3/31/2027. The HOA covers grounds maintenance, exterior upkeep, sewer, trash, and access to the community pool and playground. Showings are available by appointment.
Key Highlights
- Four occupied residences, each configured with two bedrooms and one bathroom
- Central air conditioning and washer and dryer hookups in each unit
- Leases expire 12/31/2026 for units A and B, and 3/31/2027 for units C and D
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,625
Cap Rate
7.87%
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 7.87%
Second Best
Apartment 5plus
$533.5K
$466.8K – $622.4K
NOI $37,343 @ 7.0% cap · market cap 7.06%
Theoretical Best
Office A
$822.1K
$719.4K – $959.1K
NOI $57,548 @ 7.0% cap · market cap 10.88%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
4
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
945
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 - Each residence has two bedrooms, one bathroom, central air conditioning, and washer and dryer hookups.
Where is this quadplex located?
The property is located at 4672 Krissylouise Way Las Vegas, NV.
What is the asking price?
The asking price for this property is $529,000.
What are key features of this property?
This property features: Four occupied residences, each configured with two bedrooms and one bathroom; Central air conditioning and washer and dryer hookups in each unit; Leases expire 12/31/2026 for units A and B, and 3/31/2027 for units C and D
