Occupied
For Sale
$690,000
4760 Lucite Ln, Las Vegas, NV 89115
Four separate residences include a mix of one- and three-bedroom layouts.
Property Size3,604 SF
Price / SF$191.45
Days on Market62
Property Features for 4760 Lucite Ln
General Information
Standard status
Active
Size
3,604 SF
Property subtype
Multi-Family
Occupancy
100%
Units
Unit Mix
2 x 3BR, 2 x 1BR
Multifamily Units
4
Additional Details
Highway Access
Yes
Building Details
Year Built
1984
Listing Agency:
Executive Realty Services
Listed By:
Justin Bezanski · License #S.0184531
(702) 885-3013
Source:
Cameronhardygroup
Added: Aug 13
Changed: Oct 8
Last Checked: Oct 7 at 5:26PM
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 Executive Realty Services
Investment Insights
Based on property information with market context.
This fourplex contains four separate residential units, including two three-bedroom homes and two one-bedroom homes. The property was built in 1984, and all units are currently occupied. No HOA is associated with the property.
Located at 4760 Lucite Ln in Las Vegas, the property offers access to schools, shopping, restaurants, freeway connections, and other everyday services. WalkScore is 61, BikeScore is 43, and TransitScore is 45, reflecting nearby walkable, bicycle, and transit options. The unit mix and existing occupancy provide a straightforward multifamily configuration for continued residential use.
Located at 4760 Lucite Ln in Las Vegas, the property offers access to schools, shopping, restaurants, freeway connections, and other everyday services. WalkScore is 61, BikeScore is 43, and TransitScore is 45, reflecting nearby walkable, bicycle, and transit options. The unit mix and existing occupancy provide a straightforward multifamily configuration for continued residential use.
Key Highlights
- Four separate residential units
- Unit mix includes two 3‑bedroom and two 1‑bedroom units
- All four units are currently occupied
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,744
Cap Rate
5.62%
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 5.62%
Second Best
Apartment 5plus
$511.1K
$447.2K – $596.3K
NOI $35,779 @ 7.0% cap · market cap 5.19%
Theoretical Best
Office A
$1.08M
$942.8K – $1.26M
NOI $75,425 @ 7.0% cap · market cap 10.93%
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
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
516
Businesses Nearby
Explore this area
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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Cap Rate, Value Estimation, Potential NOI and more
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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 separate residences include a mix of one- and three-bedroom layouts.
Where is this quadplex located?
The property is located at 4760 Lucite Ln Las Vegas, NV.
What is the asking price?
The asking price for this property is $690,000.
What are key features of this property?
This property features: Four separate residential units; Unit mix includes two 3‑bedroom and two 1‑bedroom units; All four units are currently occupied
