Las Vegas Quadplex Investment
For Sale
$650,000
4796 Nova Lane, Las Vegas, NV 89115
Well-maintained quadplex with remodeled units and no HOA.
Property Size3,290 SF
Days on Market148
Property Features for 4796 Nova Lane
General Information
Standard status
Active
Size
3,290 SF
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$1,641
Building Details
Building Size
3,290 SF
Year Built
1983
Listing Agency:
Rothwell Gornt Companies
Listed By:
Ryan Crighton · License #BS.0000254
(702) 217-1048
Source:
Virtuelre
Added: May 19
Changed: Oct 1
Last Checked: Oct 13 at 12:30AM
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 Rothwell Gornt Companies
Investment Insights
Based on property information with market context.
This investment opportunity features a well-maintained quadplex in the Las Vegas market. The property consists of four spacious units, each with 2 bedrooms and 1 bathroom. Each unit includes a storage closet for tenants. Two units have been newly remodeled. Located conveniently, the fourplex offers access to local amenities, shopping centers, and public transportation. The property has a walk score of 60, indicating it is somewhat walkable, a bike score of 46, indicating it is somewhat bikeable, and a transit score of 43, indicating some transit options are available. There is no HOA fee.
Key Highlights
- Four spacious 2 bedrooms/ 1 bathroom units.
- Two newly remodeled units.
- Strong rental potential in the Las Vegas market.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,369
Cap Rate
5.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$707,380
$707.4K
Cap Rate 7%
$505,271
$505.3K
Cap Rate 9%
$392,989
$393.0K
Market Conditions
NOI Build-Up for 3,290 SF
Gross rent
$53.3K $16.20/SF
− Vacancy
−$2.8K −$0.84/SF
EGI
$50.5K $15.36/SF
− OpEx
−$15.2K −$4.61/SF
NOI
$35.4K $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%
$707,380
Cap Rate 7%
$505,271
Cap Rate 9%
$392,989
Alternative Uses
Best Use
Multifamily LT 5
$505.3K
$442.1K – $589.5K
NOI $35,369 @ 7.0% cap · market cap 5.44%
Second Best
Apartment 5plus
$466.6K
$408.3K – $544.4K
NOI $32,661 @ 7.0% cap · market cap 5.02%
Theoretical Best
Office A
$983.6K
$860.7K – $1.15M
NOI $68,853 @ 7.0% cap · market cap 10.59%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
615
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
Check the figures for this property
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 - Well-maintained quadplex with remodeled units and no HOA.
Where is this quadplex located?
The property is located at 4796 Nova Lane 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: Four spacious 2 bedrooms/ 1 bathroom units.; Two newly remodeled units.; Strong rental potential in the Las Vegas market.
