Renovated Fourplex with In-Unit
For Sale
$815,000
4791 E Craig Rd, Las Vegas, NV 89115
100% occupied fourplex built in 1984 featuring four large 2-bed/2-bath units with washer and dryer in each unit.
Days on Market8
Property Features for 4791 E Craig Rd
General Information
Standard status
Active
Property subtype
Multi Family
Building Details
Building Size
3,944 SF
Year Built
1984
Listing Agency:
Keller Williams Realty The MarketPlace
(702) 809-8387
Listed By:
Blake Leavitt · License #BS.0145665
(702) 809-8387
Source:
Elliman
Added: Jul 25
Changed: Jul 26
Last Checked: Aug 1 at 12:00PM
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 Realty The MarketPlace
Investment Insights
Based on property information with market context.
4791 E Craig Rd is a 100% occupied fourplex built in 1984. The property consists of four large 2-bedroom, 2-bathroom units, and each unit includes a washer and dryer. The exterior and interior have been renovated, and the building is described as very well maintained.
The surrounding area is characterized by moderate walk and transit conditions, with Walk Score 61 (Somewhat Walkable) and Transit Score 45 (Some Transit), along with a Bike Score of 43 (Somewhat Bikeable).
This four-unit configuration offers a straightforward multifamily layout with updated renovations and in-unit laundry for tenant convenience.
The surrounding area is characterized by moderate walk and transit conditions, with Walk Score 61 (Somewhat Walkable) and Transit Score 45 (Some Transit), along with a Bike Score of 43 (Somewhat Bikeable).
This four-unit configuration offers a straightforward multifamily layout with updated renovations and in-unit laundry for tenant convenience.
Key Highlights
- 100% occupied fourplex in Las Vegas built in 1984
- Four large 2‑bed/2‑bath units
- Washer and dryer included in each unit
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 | $63.9k | $16.20 |
| − Vacancy | −$3.3k | −$0.84 |
| EGI | $60.6k | $15.36 |
| − OpEx | −$18.2k | −$4.61 |
| NOI | $42.4k | $10.75 |
3,944 SF · lease $16.20/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$605.7K
$530.0K – $706.7K
NOI $42,399 @ 7.0% cap · market cap 5.20%
Second Best
Apartment 5plus
$559.3K
$489.4K – $652.6K
NOI $39,154 @ 7.0% cap · market cap 4.80%
Theoretical Best
Office A
$1.18M
$1.03M – $1.38M
NOI $82,540 @ 7.0% cap · market cap 10.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
509
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
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Frequently Asked Questions
What type of property is this?
Quadplex - 100% occupied fourplex built in 1984 featuring four large 2-bed/2-bath units with washer and dryer in each unit.
Where is this quadplex located?
The property is located at 4791 E Craig Rd Las Vegas, NV.
What is the asking price?
The asking price for this property is $815,000.
What are key features of this property?
This property features: 100% occupied fourplex in Las Vegas built in 1984; Four large 2‑bed/2‑bath units; Washer and dryer included in each unit
