Renovated Fourplex
4851 E Craig Rd Las Vegas, NV 89115
New
For Sale
$815,000
Well-maintained 1984 fourplex offers four large 2-bedroom, 2-bath units with in-unit washers and dryers.
Days on Market5
Property Features for 4851 E Craig Rd
General Information
Standard status
Active
Property subtype
Multi Family
Building Details
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: Jul 29 at 1:56PM
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.
4851 E Craig Rd is a 100% occupied fourplex built in 1984. The property has undergone exterior and interior renovations and is described as very well maintained.
The building consists of four large 2-bedroom, 2-bath units, and each unit includes a washer and dryer.
This is a stabilized, income-producing multifamily property with the full unit mix already in place and currently occupied.
The building consists of four large 2-bedroom, 2-bath units, and each unit includes a washer and dryer.
This is a stabilized, income-producing multifamily property with the full unit mix already in place and currently occupied.
Key Highlights
- Built in 1984, 100% occupied fourplex in Las Vegas
- Four large 2‑bedroom, 2‑bath units
- Each unit includes a washer and dryer
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
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Quadplex - Well-maintained 1984 fourplex offers four large 2-bedroom, 2-bath units with in-unit washers and dryers.
Where is this quadplex located?
The property is located at 4851 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: Built in 1984, 100% occupied fourplex in Las Vegas; Four large 2‑bedroom, 2‑bath units; Each unit includes a washer and dryer
