Townhome-Style Fourplex with
For Sale
$935,000
4915 E Russell RD, Las Vegas, NV 89120
Residential, Las Vegas, NV
Property Size5,214 SF
Lot Size0.12 Acres
Price / SF$179.32
Days on Market55
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
Subdivision
Mesa Ridge Village
Elementary school
,
Directions
US 95 south, exit Russell rd. and go west, turn left into Mesa Ridge.
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
Natural Gas, Central
Cooling system
Central Air
Water source
Public
Amenities
private enclosed patios
high ceilings
attached 2 car garages
community pool and spa
Building Details
Year built
2004
Floors in Building
2
Number of units
4
Flooring type
Vinyl, Carpet
Building materials
Stucco
Roof type
Tile
Architectural style
Other
Listing Agency:
New Vision Realty of Las Vegas
(702) 982-3330
Listed By:
Luis E. Rodriguez · License #B.0021336
(702) 533-3370
Added: Jul 2
Changed: Aug 19
Last Checked: Aug 25 at 5:06AM
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.
Investment Insights
Based on property information with market context.
Built in 2004, this 5,214-square-foot quadplex presents a townhome-style configuration with two two-bedroom units and two three-bedroom units. Each residence includes a private enclosed patio, high ceilings, and an attached 2-car garage. Interior finishes include vinyl and carpet flooring, window treatments, central air conditioning, and natural-gas central heating. The property also includes a full appliance package with washers, dryers, refrigerators, ranges, microwaves, dishwashers, disposals, exhaust fans, and range hoods.
The 0.12-acre property is served by public water and public sewer. Exterior construction is stucco with a tile roof, and residents have access to a community pool and spa. Located on E Russell RD in Las Vegas, the asset combines four residential units within one multifamily property.
The 0.12-acre property is served by public water and public sewer. Exterior construction is stucco with a tile roof, and residents have access to a community pool and spa. Located on E Russell RD in Las Vegas, the asset combines four residential units within one multifamily property.
Key Highlights
- Four‑unit quadplex with 2 two‑bedroom units and 2 three‑bedroom units
- 5,214 square feet on a 0.12‑acre lot
- Private enclosed patios and high ceilings
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$60,014
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.42%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,200,280
$1.2M
Cap Rate 7%
$857,343
$857.3K
Cap Rate 9%
$666,822
$666.8K
Market Conditions
NOI Build-Up for 5,214 SF
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.
Gross rent
$90.7K $17.40/SF
− Vacancy
−$5.0K −$0.96/SF
EGI
$85.7K $16.44/SF
− OpEx
−$25.7K −$4.93/SF
NOI
$60.0K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,200,280
Cap Rate 7%
$857,343
Cap Rate 9%
$666,822
Alternative Uses
Best Use
Multifamily LT 5
$857.3K
$750.2K – $1.00M
NOI $60,014 @ 7.0% cap · market cap 6.42%
Second Best
Apartment 5plus
$792.3K
$693.2K – $924.3K
NOI $55,459 @ 7.0% cap · market cap 5.93%
Theoretical Best
Specialty Retail
$1.80M
$1.58M – $2.10M
NOI $126,116 @ 7.0% cap · market cap 13.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
236
Businesses Nearby
Explore this area
Business Placement
Demographics for 89120, NV
24,813
Population
9,861
Households
2.5
Avg Household Size
40
Median Age
26%
College-Educated
88%
High-School Grad
7.1 sq mi
ZIP Area
3,495
Density / Sq Mi
$75,813
Median Household Income
$38,774
Median Earnings
$1,467
Median Rent
$364,800
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit residential property with private patios, high ceilings, attached garages, and access to 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 $935,000.
What are key features of this property?
This property features: Four‑unit quadplex with 2 two‑bedroom units and 2 three‑bedroom units; 5,214 square feet on a 0.12‑acre lot; Private enclosed patios and high ceilings
