Fourplex Portfolio with 16
For Sale
Contact for pricing
4771 E CRAIG RD, Las Vegas, NV 89115
100% occupied fourplex portfolio featuring 2-bedroom, 2-bath units with full appliance packages and in-unit washer/dryers.
Property Size15,776 SF
Price / SF$206.64
Days on Market14
Property Features for 4771 E CRAIG RD
General Information
Standard status
Active
Size
15,776 SF
Class
B
Property subtype
Multifamily
Occupancy
100%
Building Details
Year Built
1984
Buildings
4
Stories
4
Tenancy
Multi
Listing Agency:
KW Commercial
Listed By:
Blake Leavitt · License #BS.0145665.LLC
Source:
Crexi
Added: Jul 24
Changed: Aug 3
Last Checked: Aug 4 at 3:06PM
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 quadplex portfolio includes four fourplex buildings totaling 16 units. The property was built in 1984 and offers sixteen 2-bedroom, 2-bath units, each with 986 square feet. Each unit is equipped with full appliance packages and has its own washer and dryer.
The portfolio is located at 4771-4781-4791-4851 E Craig Rd in the Northeast Las Vegas submarket. With all units in the same area, the configuration supports straightforward day-to-day management across the four properties. The units are described as 100% occupied and all units have undergone exterior and interior renovations.
The owner will sell the fourplexes individually or as a portfolio.
The portfolio is located at 4771-4781-4791-4851 E Craig Rd in the Northeast Las Vegas submarket. With all units in the same area, the configuration supports straightforward day-to-day management across the four properties. The units are described as 100% occupied and all units have undergone exterior and interior renovations.
The owner will sell the fourplexes individually or as a portfolio.
Key Highlights
- Fourplex portfolio of 4 buildings totaling 16 units
- 16 units are 2‑bedroom, 2‑bath with 986 SF each
- 100% occupied portfolio with full in‑unit washer/dryer sets
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$169,597
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.20%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,391,940
$3.4M
Cap Rate 7%
$2,422,814
$2.4M
Cap Rate 9%
$1,884,411
$1.9M
Market Conditions
NOI Build-Up for 15,776 SF
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.
Gross rent
$255.6K $16.20/SF
− Vacancy
−$13.3K −$0.84/SF
EGI
$242.3K $15.36/SF
− OpEx
−$72.7K −$4.61/SF
NOI
$169.6K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,391,940
Cap Rate 7%
$2,422,814
Cap Rate 9%
$1,884,411
Alternative Uses
Best Use
Multifamily LT 5
$2.42M
$2.12M – $2.83M
NOI $169,597 @ 7.0% cap · market cap 5.20%
Second Best
Apartment 5plus
$2.24M
$1.96M – $2.61M
NOI $156,616 @ 7.0% cap · market cap 4.80%
Theoretical Best
Office A
$4.72M
$4.13M – $5.50M
NOI $330,160 @ 7.0% cap · market cap 10.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
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 - 100% occupied fourplex portfolio featuring 2-bedroom, 2-bath units with full appliance packages and in-unit washer/dryers.
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 $3,260,000.
What are key features of this property?
This property features: Fourplex portfolio of 4 buildings totaling 16 units; 16 units are 2‑bedroom, 2‑bath with 986 SF each; 100% occupied portfolio with full in‑unit washer/dryer sets
