Four-Unit Multifamily
4705 Lucite Lane, Las Vegas, NV 89115
For Sale
New
$699,000
Residential, Las Vegas, NV
Property Size3,604 SF
Lot Size0.22 Acres
Price / SF$193.95
Days on Market2
Property Features for 4705 Lucite Lane
General Information
Property type
Property subtype
Window features
Interior features
Appliances
Subdivision
Elementary school
Directions
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Annual Amount
Utilities
Sewer type
Heating system
Cooling system
Water source
Amenities
laundry facility
storage rooms
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Architectural style
Buildings
Listing Agency:
Rothwell Gornt Companies
(702) 932-8813
Listed By:
Ryan Crighton
(702) 217-1048
Added: Nov 12
Changed: Nov 13
Last Checked: Nov 13 at 11:06PM
MLS# 2833969
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.
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Investment Insights
Based on property information with market context.
This 3,604-square-foot, four-unit multifamily property was built in 1984 and is fully occupied. The unit mix includes two three-bedroom apartments, each with two full bathrooms, and two one-bedroom apartments, each with one full bathroom. The building has central heating and air conditioning, tile flooring, and stucco and wood-frame construction.
Residents have access to a laundry facility managed by a washing and drying company, along with four individual storage rooms. Parking is available at the front, with a paved area behind the building. The property occupies a 0.22-acre lot and is served by public water and sewer.
Residents have access to a laundry facility managed by a washing and drying company, along with four individual storage rooms. Parking is available at the front, with a paved area behind the building. The property occupies a 0.22-acre lot and is served by public water and sewer.
Key Highlights
- Four units: two three‑bedroom apartments and two one‑bedroom apartments
- Built in 1984; 3,604 square feet on a 0.22‑acre lot
- Fully occupied
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,744
Cap Rate
5.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$774,880
$774.9K
Cap Rate 7%
$553,486
$553.5K
Cap Rate 9%
$430,489
$430.5K
Market Conditions
NOI Build-Up for 3,604 SF
Gross rent
$58.4K $16.20/SF
− Vacancy
−$3.0K −$0.84/SF
EGI
$55.3K $15.36/SF
− OpEx
−$16.6K −$4.61/SF
NOI
$38.7K $10.75/SF
Area
ZIP 89115
Vacancy
5.20%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$774,880
Cap Rate 7%
$553,486
Cap Rate 9%
$430,489
Alternative Uses
Best Use
Multifamily LT 5
$553.5K
$484.3K – $645.7K
NOI $38,744 @ 7.0% cap · market cap 5.54%
Second Best
Apartment 5plus
$511.1K
$447.2K – $596.3K
NOI $35,779 @ 7.0% cap · market cap 5.12%
Theoretical Best
Office A
$1.08M
$942.8K – $1.26M
NOI $75,425 @ 7.0% cap · market cap 10.79%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
516
Businesses Nearby
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Business Placement
Demographics for 89115, NV
67,043
Population
21,670
Households
3.1
Avg Household Size
29
Median Age
9%
College-Educated
70%
High-School Grad
24.9 sq mi
ZIP Area
2,692
Density / Sq Mi
$49,648
Median Household Income
$32,198
Median Earnings
$1,294
Median Rent
$258,900
Median Home Value
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Market
Average Price Trend$/SF for Quadplexes in Las Vegas, NV
Properties on Market for Quadplexes in Las Vegas
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - A mix of one- and three-bedroom apartments is complemented by on-site laundry and tenant storage.
Where is this quadplex located?
The property is located at 4705 Lucite Lane Las Vegas, NV.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Four units: two three‑bedroom apartments and two one‑bedroom apartments; Built in 1984; 3,604 square feet on a 0.22‑acre lot; Fully occupied
