Renovated Fourplex Income
For Sale
$815,000
4771 E Craig Rd, Las Vegas, NV 89115
Renovated 1984-built fourplex with four large 2-bed, 2-bath units, each including an in-unit washer and dryer.
Days on Market8
Property Features for 4771 E Craig Rd
General Information
Standard status
Active
Property subtype
Multi Family
Occupancy
100%
Additional Details
Multifamily Units
4
Amenities
washer and dryer in each unit
Building Details
Building Size
3,944 SF
Year Built
1984
Tenancy
Multi
Listing Agency:
Keller Williams Realty The MarketPlace
(702) 809-8387
Listed By:
Blake Leavitt · License #BS.0145665
(702) 809-8387
Source:
Elliman
Added: Jul 25
Changed: Jul 26
Last Checked: Aug 1 at 1:00PM
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 The MarketPlace
Investment Insights
Based on property information with market context.
Built in 1984, 4771 E Craig Rd is a fourplex that is 100% occupied and very well maintained. The property includes four large 2-bedroom, 2-bath units, and each unit has its own washer and dryer. Exterior and interior renovations have been completed.
The asset is located at 4771 E Craig Rd in Las Vegas, NV 89115. While walk, bike, and transit scores are available, specific transportation features and nearby amenities are not detailed in the provided information.
The property’s current configuration is straightforward for investors seeking a stabilized multifamily asset: four separate residential units within a single building, supported by in-unit laundry for each unit.
The asset is located at 4771 E Craig Rd in Las Vegas, NV 89115. While walk, bike, and transit scores are available, specific transportation features and nearby amenities are not detailed in the provided information.
The property’s current configuration is straightforward for investors seeking a stabilized multifamily asset: four separate residential units within a single building, supported by in-unit laundry for each unit.
Key Highlights
- 100% occupied fourplex in Las Vegas built in 1984
- Four large 2‑bed/2‑bath units
- Each unit includes an in‑unit washer and dryer
Financial Insights For Multifamily LT 5
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 | $63.9k | $16.20 |
| − Vacancy | −$3.3k | −$0.84 |
| EGI | $60.6k | $15.36 |
| − OpEx | −$18.2k | −$4.61 |
| NOI | $42.4k | $10.75 |
3,944 SF · lease $16.20/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$605.7K
$530.0K – $706.7K
NOI $42,399 @ 7.0% cap · market cap 5.20%
Second Best
Apartment 5plus
$559.3K
$489.4K – $652.6K
NOI $39,154 @ 7.0% cap · market cap 4.80%
Theoretical Best
Office A
$1.18M
$1.03M – $1.38M
NOI $82,540 @ 7.0% cap · market cap 10.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
4
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
509
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Renovated 1984-built fourplex with four large 2-bed, 2-bath units, each including an in-unit washer and dryer.
Where is this quadplex located?
The property is located at 4771 E Craig Rd Las Vegas, NV.
What is the asking price?
The asking price for this property is $815,000.
What are key features of this property?
This property features: 100% occupied fourplex in Las Vegas built in 1984; Four large 2‑bed/2‑bath units; Each unit includes an in‑unit washer and dryer
