Las Vegas Multifamily
4771 E Craig Road Las Vegas, NV 89115
4771 E Craig Road, Las Vegas, NV, 89115
Contact for pricing
For Sale
Contact for pricing
100% occupied portfolio of 20 units in Las Vegas.
Property Size19,907 SF
Price / SF$215.25
Days on Market64
Property Features for 4771 E Craig Road
General Information
- Standard status
- Active
- Size
- 19,907 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1984
Listing Agency
KW Commercial
Listed by
Blake Leavitt · License #BS.0145665.LLC
Source
Crexi
Added: May 15 Checked: Jul 17 at 10:42 am
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 KW Commercial
Investment Insights
Based on property information with market context.
This offering presents the opportunity to acquire a 100% occupied portfolio of multifamily properties in Las Vegas. The portfolio comprises 20 units, including 4 fourplexes and 4 condos, all situated in proximity to each other. The fourplexes, located at 4771-4781-4791-4851 E Craig Rd, were constructed in 1984 and feature 16 units, each with 2 bedrooms and 2 bathrooms, spanning 986 square feet. The condos are located at 4300 N Lamont St #249-#270-#291 and 4437 Dover Straight St #301. The three condos at 4300 N Lamont St, built in 1984, offer 2 bedrooms and 2 bathrooms within 864 square feet. The condo at 4437 Dover Straight St, built in 2010, provides 3 bedrooms and 2 bathrooms across 1,539 square feet. Each unit is equipped with a full appliance package, including a washer and dryer. All units have undergone both exterior and interior renovations and are well-maintained. The total property size is 19,907 square feet.
Key Highlights
- 100% Occupied Portfolio: Generate immediate income.
- Attractive Financing Available: Take advantage of low rates and flexible terms.
- Portfolio of 20 Units: Simplified management with a mix of fourplexes and condos.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $377.4k | $18.96 |
| − Vacancy | −$18.1k | −$0.91 |
| EGI | $359.3k | $18.05 |
| − OpEx | −$161.7k | −$8.12 |
| NOI | $197.6k | $9.93 |
19,907 SF · lease $18.96/SF/yr · vacancy 4.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$2.82M
$2.47M – $3.29M
NOI $197,626 @ 7.0% cap · market cap 4.61%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.95M
$5.21M – $6.94M
NOI $416,614 @ 7.0% cap · market cap 9.72%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - 100% occupied portfolio of 20 units in Las Vegas.
Where is this apartment building located?
The property is located at 4771 E Craig Road Las Vegas, NV.
What is the asking price?
The asking price for this property is $4,285,000.
What are key features of this property?
This property features: 100% Occupied Portfolio: Generate immediate income.; Attractive Financing Available: Take advantage of low rates and flexible terms.; Portfolio of 20 Units: Simplified management with a mix of fourplexes and condos.
