Fourplex with Updated
4788 Lucite Lane Las Vegas, NV 89115
For Sale
$718,888
MULTI_FAMILY - Other - Las Vegas, NV
Property Size3,604 SF
Lot Size0.35 Acres
Price / SF$199.47
Days on Market133
Property Features for 4788 Lucite Lane
General Information
Property type
Residential Multi Family
Property subtype
Other
Window features
Blinds
Interior features
Ceiling Fan(s), Window Treatments
Appliances
Disposal, Refrigerator
Standard status
Active
APN
140-05-710-007
Size
3,604 SF
Lot size
0.35 Acres
Taxes and HOA fees
Tax Annual Amount
1650
Utilities
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Central Air
Water source
Public
Building Details
Year built
1984
Floors in Building
2
Number of units
4
Flooring type
Tile - Ceramic, Tile
Building materials
Stucco
Roof type
Composition, Shingle
Architectural style
Other
Listing Agency:
LIFE Realty District
(702) 475-3200
Listed By:
Veronica Kyle · License #S.0171995
(702) 622-7977
Added: Mar 19
Changed: Jul 28
Last Checked: Jul 29 at 2:06PM
MLS# 2765739
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.
Investment Insights
Based on property information with market context.
This fourplex features four fully occupied residential units, configured as two 3-bedroom apartments and two 1-bedroom apartments. The property is sited on a large corner lot and includes an oversized setting with adjacent land. Interior improvements include renovated flooring, fresh interior paint, updated countertops, and updated bathrooms, along with plumbing enhancements. Two new HVAC units are installed, with one unit noted as approximately 3 years old.
The building is positioned on a corner lot at the end of the street, which the remarks describe as offering added privacy and minimal through traffic. The property sits on approximately 0.35 acres.
For buyers seeking a turnkey, income-focused asset, this offering presents four distinct unit types within a single quadplex and includes recent upgrades across the interiors. With no HOA identified in the remarks and HVAC replacement completed, the property may appeal to owners looking for a manageable multifamily structure with documented improvements. Buyer to verify any future expansion or development considerations related to the adjacent land.
The building is positioned on a corner lot at the end of the street, which the remarks describe as offering added privacy and minimal through traffic. The property sits on approximately 0.35 acres.
For buyers seeking a turnkey, income-focused asset, this offering presents four distinct unit types within a single quadplex and includes recent upgrades across the interiors. With no HOA identified in the remarks and HVAC replacement completed, the property may appeal to owners looking for a manageable multifamily structure with documented improvements. Buyer to verify any future expansion or development considerations related to the adjacent land.
Key Highlights
- Fully occupied fourplex built in 1984 with 2 units featuring 3 beds and 2 units featuring 1 bed
- No HOA and located on a large corner lot at the end of the street for reduced through traffic
- Two new HVAC units, including one that is 3 years old
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 | $58.4k | $16.20 |
| − Vacancy | −$3.0k | −$0.84 |
| EGI | $55.3k | $15.36 |
| − OpEx | −$16.6k | −$4.61 |
| NOI | $38.7k | $10.75 |
3,604 SF · lease $16.20/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$553.5K
$484.3K – $645.7K
NOI $38,744 @ 7.0% cap · market cap 5.39%
Second Best
Apartment 5plus
$511.1K
$447.2K – $596.3K
NOI $35,779 @ 7.0% cap · market cap 4.98%
Theoretical Best
Office A
$1.08M
$942.8K – $1.26M
NOI $75,425 @ 7.0% cap · market cap 10.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Quadplex - Well-kept fourplex with 2 three-bedroom and 2 one-bedroom units, updated finishes, and newer HVAC equipment.
Where is this quadplex located?
The property is located at 4788 Lucite Lane Las Vegas, NV.
What is the asking price?
The asking price for this property is $718,888.
What are key features of this property?
This property features: Fully occupied fourplex built in 1984 with 2 units featuring 3 beds and 2 units featuring 1 bed; No HOA and located on a large corner lot at the end of the street for reduced through traffic; Two new HVAC units, including one that is 3 years old
