Renovated Fourplex with In-Unit
For Sale
$815,000
4781 E Craig Rd, Las Vegas, NV 89115
Four large two-bedroom, two-bath units, each with a washer and dryer, in a renovated 1984-built fourplex.
Days on Market8
Property Features for 4781 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
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 4:52AM
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.
4781 E Craig Rd is a 100% occupied fourplex built in 1984. The property includes four large two-bedroom, two-bath units, and each unit features a washer and dryer. The exterior and interior have been renovated, and the building is described as very well maintained.
Bike Score is 43, Walk Score is 61, and Transit Score is 45, indicating somewhat walkable and somewhat transit-oriented access. The property is offered for sale.
This fourplex configuration provides four separate, similarly sized residential units, each equipped with in-unit laundry amenities.
Bike Score is 43, Walk Score is 61, and Transit Score is 45, indicating somewhat walkable and somewhat transit-oriented access. The property is offered for sale.
This fourplex configuration provides four separate, similarly sized residential units, each equipped with in-unit laundry amenities.
Key Highlights
- 1984‑built fourplex with four 2‑bedroom, 2‑bath units
- 100% occupied property with four large units
- Each unit includes a 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
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
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Frequently Asked Questions
What type of property is this?
Quadplex - Four large two-bedroom, two-bath units, each with a washer and dryer, in a renovated 1984-built fourplex.
Where is this quadplex located?
The property is located at 4781 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: 1984‑built fourplex with four 2‑bedroom, 2‑bath units; 100% occupied property with four large units; Each unit includes a washer and dryer
