Renovated
For Sale
$784,999
4781 E Craig Road, Las Vegas, NV 89115
Residential, Las Vegas, NV
Property Size3,944 SF
Lot Size0.22 Acres
Price / SF$199.04
Days on Market97
Property Features for 4781 E Craig Road
General Information
Property type
Residential Multi Family
Property subtype
Other
Appliances
Dryer, Oven, Range, Refrigerator, Washer
Subdivision
Westgate Palms
Elementary school
,
Directions
From Craig Rd and Lamb Blvd, head East on Craig Rd, property is on the Right.
Standard status
Active
APN
140-05-711-004
Size
3,944 SF
Lot size
0.22 Acres
Taxes and HOA fees
Tax Annual Amount
1803
Utilities
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Central Air
Water source
Public
Amenities
washer and dryer in each unit
outdoor storage rooms
Building Details
Year built
1984
Floors in Building
2
Number of units
4
Flooring type
Tile, Vinyl
Building materials
Wood Frame
Roof type
Composition, Shingle
Architectural style
Other
Listing Agency:
Keller Williams MarketPlace · Keller Williams Realty
(702) 877-2500
Listed By:
Blake Leavitt · License #BS.0145665
(702) 809-8387
Added: Jul 24
Changed: Oct 21
Last Checked: Oct 28 at 9:06AM
MLS# 2803074
Copyright © 2026 Las Vegas REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
Built in 1984, this 3,944-square-foot fourplex contains four two-bedroom, two-bathroom residences and is fully occupied. Interior and exterior renovations have been completed. Each unit includes a washer and dryer, along with a full appliance package. The property also has four outdoor storage rooms and ample parking.
The building occupies a 0.22-acre parcel in Las Vegas. Central air conditioning and central electric heating serve the property.
The building occupies a 0.22-acre parcel in Las Vegas. Central air conditioning and central electric heating serve the property.
Key Highlights
- Four 2‑bedroom/2‑bathroom units
- 100% occupied
- 3,944 square feet on 0.22 acres
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,399
Cap Rate
5.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$847,980
$848.0K
Cap Rate 7%
$605,700
$605.7K
Cap Rate 9%
$471,100
$471.1K
Market Conditions
NOI Build-Up for 3,944 SF
Gross rent
$63.9K $16.20/SF
− Vacancy
−$3.3K −$0.84/SF
EGI
$60.6K $15.36/SF
− OpEx
−$18.2K −$4.61/SF
NOI
$42.4K $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%
$847,980
Cap Rate 7%
$605,700
Cap Rate 9%
$471,100
Alternative Uses
Best Use
Multifamily LT 5
$605.7K
$530.0K – $706.7K
NOI $42,399 @ 7.0% cap · market cap 5.40%
Second Best
Apartment 5plus
$559.3K
$489.4K – $652.6K
NOI $39,154 @ 7.0% cap · market cap 4.99%
Theoretical Best
Office A
$1.18M
$1.03M – $1.38M
NOI $82,540 @ 7.0% cap · market cap 10.51%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
4
Residential units
100%
Occupancy
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Each residence has two bedrooms, two bathrooms, and an in-unit washer and dryer.
Where is this quadplex located?
The property is located at 4781 E Craig Road Las Vegas, NV.
What is the asking price?
The asking price for this property is $784,999.
What are key features of this property?
This property features: Four 2‑bedroom/2‑bathroom units; 100% occupied; 3,944 square feet on 0.22 acres
