Renovated Fourplex with In-Unit
For Sale
$799,999
4781 East Craig Road, Las Vegas, NV 89115
Four large two-bedroom, two-bath units, each with a washer and dryer, in a renovated 1984-built fourplex.
Property Size3,944 SF
Days on Market82
Property Features for 4781 East Craig Road
General Information
Standard status
Active
Size
3,944 SF
Property subtype
Multi Family
Occupancy
100%
Additional Details
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$1,803
Amenities
washer and dryer in each unit
Building Details
Building Size
3,944 SF
Year Built
1984
Listing Agency:
Keller Williams MarketPlace
Listed By:
Blake Leavitt · License #BS.0145665
(702) 809-8387
Source:
Virtuelre
Added: Jul 24
Changed: Oct 5
Last Checked: Oct 13 at 2:08AM
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 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
Estimated NOI and Cap Rate
NOI / Yr
$42,399
Cap Rate
5.30%
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 5.30%
Second Best
Apartment 5plus
$559.3K
$489.4K – $652.6K
NOI $39,154 @ 7.0% cap · market cap 4.89%
Theoretical Best
Office A
$1.18M
$1.03M – $1.38M
NOI $82,540 @ 7.0% cap · market cap 10.32%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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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 East Craig Road Las Vegas, NV.
What is the asking price?
The asking price for this property is $799,999.
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
