Corner Fourplex with Two-Bedroom
For Sale
$650,000
4783 Corsaire Avenue, Las Vegas, NV 89115
Corner fourplex featuring four two-bedroom, one-bath units with coin-operated laundry on-site.
Property Size3,468 SF
Days on Market84
Property Features for 4783 Corsaire Avenue
General Information
Standard status
Active
Size
3,468 SF
Property subtype
Multi Family
Additional Details
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$1,562
Building Details
Building Size
3,468 SF
Year Built
1983
Listing Agency:
Real Broker LLC
(702) 236-4743
Listed By:
Andres Ibarra · License #S.0043349
(702) 236-4743
Source:
Vicerealtygroup
Added: Jun 7
Changed: Aug 23
Last Checked: Aug 26 at 1:44PM
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 Real Broker LLC
Investment Insights
Based on property information with market context.
This corner fourplex consists of four separate units, each configured with two bedrooms and one bathroom. The building operates as a residential income property, and the current tenants are on month-to-month terms. Coin-operated laundry is available within the building for resident use.
Located at 4783 Corsaire Ave in Las Vegas, the property’s corner positioning provides additional external presence and street exposure. Based on the provided scores, the area reflects somewhat walkable, somewhat bikeable, and somewhat transit access.
For buyers seeking a small multifamily asset with straightforward unit layouts, this fourplex offers consistent two-bedroom/one-bath configurations across all units. The month-to-month tenancy structure can provide flexibility for an owner planning future adjustments, while the on-site coin laundry is a practical amenity for day-to-day resident needs.
Located at 4783 Corsaire Ave in Las Vegas, the property’s corner positioning provides additional external presence and street exposure. Based on the provided scores, the area reflects somewhat walkable, somewhat bikeable, and somewhat transit access.
For buyers seeking a small multifamily asset with straightforward unit layouts, this fourplex offers consistent two-bedroom/one-bath configurations across all units. The month-to-month tenancy structure can provide flexibility for an owner planning future adjustments, while the on-site coin laundry is a practical amenity for day-to-day resident needs.
Key Highlights
- Corner fourplex built in 1983
- Four units total, each offering 2 bedrooms and 1 bathroom
- Coin‑operated laundry available on‑site
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
$37,282
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
5.74%
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%
$745,640
$745.6K
Cap Rate 7%
$532,600
$532.6K
Cap Rate 9%
$414,244
$414.2K
Market Conditions
NOI Build-Up for 3,468 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
$56.2K $16.20/SF
− Vacancy
−$2.9K −$0.84/SF
EGI
$53.3K $15.36/SF
− OpEx
−$16.0K −$4.61/SF
NOI
$37.3K $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%
$745,640
Cap Rate 7%
$532,600
Cap Rate 9%
$414,244
Alternative Uses
Best Use
Multifamily LT 5
$532.6K
$466.0K – $621.4K
NOI $37,282 @ 7.0% cap · market cap 5.74%
Second Best
Apartment 5plus
$491.8K
$430.4K – $573.8K
NOI $34,428 @ 7.0% cap · market cap 5.30%
Theoretical Best
Office A
$1.04M
$907.2K – $1.21M
NOI $72,578 @ 7.0% cap · market cap 11.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
487
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 - Corner fourplex featuring four two-bedroom, one-bath units with coin-operated laundry on-site.
Where is this quadplex located?
The property is located at 4783 Corsaire Avenue Las Vegas, NV.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Corner fourplex built in 1983; Four units total, each offering 2 bedrooms and 1 bathroom; Coin‑operated laundry available on‑site
