Four-Unit Residential
New
For Sale
$575,000
485 North Circle, Las Vegas, NV 89119
Residential, Las Vegas, NV
Property Size2,924 SF
Lot Size0.26 Acres
Price / SF$196.65
Days on Market1
Property Features for 485 North Circle
General Information
Property type
Residential Multi Family
Property subtype
Other
Appliances
Oven, Range, Refrigerator
Subdivision
Paradise North
Elementary school
,
Directions
FROM FLAMINGO RD, N-PALOS VERDES, L- NORTH CR
Standard status
Active
APN
162-15-310-009
Size
2,924 SF
Lot size
0.26 Acres
Taxes and HOA fees
Tax Annual Amount
1827
Utilities
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Central Air
Water source
Public
Building Details
Year built
1963
Floors in Building
2
Number of units
4
Building materials
Stucco
Roof type
Composition, Shingle
Architectural style
Other
Buildings
1
Listing Agency:
Vice Realty
Listed By:
Derek Moellinger · License #B.1006381
(702) 825-4663
Added: Oct 28
Last Checked: Oct 28 at 6:06PM
MLS# 2829081
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.
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Investment Insights
Based on property information with market context.
This residential quadplex contains four separate units, each with two bedrooms and one bathroom. The building totals 2,924 square feet on a 0.26-acre lot and was built in 1963. Stucco exterior construction and a composition shingle roof complete the property's basic physical profile.
Each residence has central heating and central air conditioning. The property is served by public water and public sewer, and the listed appliances include an oven, range, and refrigerator.
Each residence has central heating and central air conditioning. The property is served by public water and public sewer, and the listed appliances include an oven, range, and refrigerator.
Key Highlights
- Four units, each with 2 bedrooms and 1 bathroom
- 2,924 square feet on a 0.26‑acre lot
- Built in 1963
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
Who owns this building?
See the owner, sales and loan history
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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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Four separate two-bedroom residences provide a consistent unit mix within a compact rental property.
Where is this quadplex located?
The property is located at 485 North Circle 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; 2,924 square feet on a 0.26‑acre lot; Built in 1963
