Fourplex with Two-Bedroom
New
For Sale
$575,000
485 North Cir, Las Vegas, NV 89119
Each residence includes two bedrooms and one bathroom, with four separate units in the building.
Property Size2,924 SF
Days on Market1
Property Features for 485 North Cir
General Information
Standard status
Active
Size
2,924 SF
Property subtype
Multi Family
Units
Unit Mix
4 x 2BR/1BA
Multifamily Units
4
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$1,827
Building Details
Building Size
2,924 SF
Year Built
1963
Stories
2
Units
4
Listing Agency:
Vice Realty Group
Listed By:
Derek Moellinger · License #B.1006381
(702) 825-4663
Source:
Elliman
Added: Oct 30
Last Checked: Oct 30 at 3:10PM
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 Vice Realty Group
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Investment Insights
Based on property information with market context.
This Las Vegas quadplex contains four separate residences, each configured with two bedrooms and one bathroom. Built in 1963, the property offers a consistent layout across all units.
The address is 485 North Cir in Las Vegas. Walk Score is 75, Bike Score is 68, and Transit Score is 48.
The address is 485 North Cir in Las Vegas. Walk Score is 75, Bike Score is 68, and Transit Score is 48.
Key Highlights
- Four units, each with 2 bedrooms and 1 bathroom
- Built in 1963
- Walk Score 75; Bike Score 68; Transit Score 48
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,656
Cap Rate
5.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$673,120
$673.1K
Cap Rate 7%
$480,800
$480.8K
Cap Rate 9%
$373,956
$374.0K
Market Conditions
NOI Build-Up for 2,924 SF
Gross rent
$50.9K $17.40/SF
− Vacancy
−$2.8K −$0.96/SF
EGI
$48.1K $16.44/SF
− OpEx
−$14.4K −$4.93/SF
NOI
$33.7K $11.51/SF
Area
Las Vegas, NV
Vacancy
5.50%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$673,120
Cap Rate 7%
$480,800
Cap Rate 9%
$373,956
Alternative Uses
Best Use
Multifamily LT 5
$480.8K
$420.7K – $560.9K
NOI $33,656 @ 7.0% cap · market cap 5.85%
Second Best
Apartment 5plus
$444.3K
$388.8K – $518.4K
NOI $31,101 @ 7.0% cap · market cap 5.41%
Theoretical Best
Specialty Retail
$1.01M
$884.1K – $1.18M
NOI $70,726 @ 7.0% cap · market cap 12.30%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
2,155
Businesses Nearby
Explore this area
Business Placement
Demographics for 89119, NV
48,895
Population
24,756
Households
2
Avg Household Size
36
Median Age
20%
College-Educated
84%
High-School Grad
12.9 sq mi
ZIP Area
3,790
Density / Sq Mi
$46,472
Median Household Income
$32,590
Median Earnings
$1,184
Median Rent
$301,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Each residence includes two bedrooms and one bathroom, with four separate units in the building.
Where is this quadplex located?
The property is located at 485 North Cir Las Vegas, NV.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Four units, each with 2 bedrooms and 1 bathroom; Built in 1963; Walk Score 75; Bike Score 68; Transit Score 48
