For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Fourplex Townhome-Style Income Property Title is generated by Realmo AI

    4915 E Russell RD, Las Vegas, NV 89120

    View on Map
    Claim this Listing
    New
    For Sale
    $950,000

    MULTI_FAMILY - Other - Las Vegas, NV

    Property size:
    5,214 SF
    Lot size:
    0.12 Acres
    Price / SF:
    $182/SF
    Added:
    Jul 2, 2026
    Days on Market:
    2
    Last Refresh:
    Jul 3 at 5:06 pm

    Property Features for 4915 E Russell RD

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Window features
    Blinds
    Interior features
    Window Treatments
    Appliances
    Dryer, Dishwasher, Exhaust Fan, Disposal, Microwave, Oven, Range, Refrigerator, Range Hood, Washer
    Standard status
    Active
    APN
    161-29-814-019
    Size
    5,214 SF
    Lot size
    0.12 Acres

    Taxes and HOA fees

    Tax Annual Amount
    5232

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Central, Natural Gas
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    2004
    Floors in Building
    2
    Number of units
    4
    Flooring type
    Carpet, Vinyl
    Building materials
    Stucco
    Roof type
    Tile
    Architectural style
    Other

    We can help!

    Contact an agent
    Luis E. Rodriguez
    Luis E. Rodriguez

    Listing agent Luis E. Rodriguez License #B.0021336

    Listing office New Vision Realty of Las Vegas 10161 Park Run Dr #150, Las Vegas, NV

    Listing date Jul 2, 2026

    MLS# 2796851

    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.

    HighLights

    • Mesa Ridge Village townhome‑style four‑plex with private enclosed patios and high ceilings
    • Includes 2 two‑bedroom units and 2 three‑bedroom units
    • Attached 2‑car garages and community pool and spa
    • Built in 2004 with stucco construction and a tile roof
    • Central heating (natural gas) and central air
    • Public water and public sewer; appliances include dishwasher, microwave, oven/range, refrigerator, washer and dryer

    Overview

    This townhome-style four-plex includes private enclosed patios and high ceilings throughout. Each unit is configured with an attached 2-car garage, supporting day-to-day parking convenience for residents. The property offers a mix of unit sizes, including two two-bedroom units and two three-bedroom units.

    The community also features shared amenities, including a pool and spa. The building sits on a 0.12-acre lot, with a total property size of 5,214 square feet.

    For buyers seeking residential income with a townhouse-style layout, the mix of two- and three-bedroom floorplans can help diversify tenant profiles within the same property. The attached garage feature and private enclosed patios may appeal to households looking for added privacy and storage/parking. This offering is presented for sale in Las Vegas, Nevada, under a residential income (quadplex) property type.

    Local 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 $90.7k $17.40
    − Vacancy −$5.0k −$0.96
    EGI $85.7k $16.44
    − OpEx −$25.7k −$4.93
    NOI $60.0k $11.51
    5,214 SF · lease $17.40/SF/yr · vacancy 5.50% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $857.3K
    $750.2K – $1.00M (±1% cap)
    NOI $60,014 @ 7.0% cap · market cap 6.32%
    Second Best
    Apartment 5plus
    $792.3K
    $693.2K – $924.3K (±1% cap)
    NOI $55,459 @ 7.0% cap · market cap 5.84%
    Theoretical Best
    Specialty Retail
    $1.80M
    $1.58M – $2.10M (±1% cap)
    NOI $126,116 @ 7.0% cap · market cap 13.28%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Vintage Vegas Entertainment Theater & Performing Art Venue MandJPiercings Tattoo & Piercing Shop A2Z Services Group Building Restoration Service Mesa Ridge Village ... Apartment Complex Handyman Direct Hardware & Home Improvement

    Suggested Use

    Real Estate Agency Dental Office Spa & Massage Center Restaurant Hair Salon Nail Salon Accounting Firm Daycare Center Skin Care Clinic Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Las Vegas
    County
    Clark
    State
    Nevada
    Longitude
    -115.064447
    Latitude
    36.086394

    FAQs

    What type of property is this?
    Quadplex - Townhome-style four-plex with private enclosed patios, attached 2-car garages, and a community pool and spa.
    Where is this quadplex located?
    The property is located at 4915 E Russell RD Las Vegas, NV.
    What is the asking price?
    The asking price for this property is $950,000.
    What are key features of this property?
    This property features: Mesa Ridge Village townhome‑style four‑plex with private enclosed patios and high ceilings; Includes 2 two‑bedroom units and 2 three‑bedroom units; Attached 2‑car garages and community pool and spa
    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message