Las Vegas Fourplex on Large
4788 Lucite Lane, Las Vegas, NV 89115
MULTI_FAMILY - Other - Las Vegas, NV
Property size:
3,604 SFLot size:
0.35 AcresPrice / SF:
$207/SF- Added:
- Mar 19, 2026
- Days on Market:
- 73
- Last Refresh:
- May 30 at 4:06 am
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, Tile - Ceramic
- Building materials
- Stucco
- Roof type
- Composition, Shingle
- Architectural style
- Other
Listing agent Veronica Kyle License #S.0171995 (702) 622-7977
Listing office LIFE Realty District 2225 Village Walk Dr Ste 260, Henderson, NV (702) 475-3200
Listing date Mar 19, 2026
MLS# 2765739
Listing URL
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.
HighLights
- Fully occupied fourplex providing immediate rental income.
- Large corner lot (over 1/3 acre) with additional adjacent land, offering privacy and expansion/development potential (buyer to verify).
- Two units with 3 beds and two units with 1 bed.
- Recent upgrades including renovated flooring, fresh paint, updated countertops, and bathroom improvements.
- Two new HVAC units, and one is only 3 years old.
- Located at the end of the street, minimizing through traffic.
Overview
This fully occupied fourplex in Las Vegas presents an investment opportunity. The property consists of two 3-bedroom units and two 1-bedroom units. Situated on a corner lot exceeding one-third of an acre at the street's end, the location offers privacy and reduced traffic. The oversized lot includes adjacent land, suggesting potential for expansion or development, which the buyer should verify. The property has undergone recent upgrades, including renovated flooring, fresh interior paint, updated countertops, and bathroom improvements. Plumbing enhancements have also been completed. Two new HVAC units have been installed, and one is only 3 years old. The property is located in Las Vegas, Nevada.
Local 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 5.18%
Second Best
Apartment 5plus
$511.1K
$447.2K – $596.3K
NOI $35,779 @ 7.0% cap · market cap 4.78%
Theoretical Best
Office A
$1.08M
$942.8K – $1.26M
NOI $75,425 @ 7.0% cap · market cap 10.08%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Location Insight
- Map
- Local Demand
- City
- Las Vegas
- County
- Clark
- State
- Nevada
- Longitude
- -115.069284
- Latitude
- 36.239759
Nearby Similar for Sale
FAQs
What type of property is this?
Quadplex - Fully occupied fourplex with expansion potential on oversized corner lot.
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 $748,000.
What are key features of this property?
This property features: Fully occupied fourplex providing immediate rental income.; Large corner lot (over 1/3 acre) with additional adjacent land, offering privacy and expansion/development potential (buyer to verify).; Two units with 3 beds and two units with 1 bed.
