Remodeled 4-Plex
493 McKellar Circle Las Vegas, NV 89119
493 McKellar Circle, Las Vegas, NV, 89119
$788,000
For Sale
$788,000
MULTI_FAMILY - Other - Las Vegas, NV
Property Size2,924 SF
Lot Size0.11 Acres
Price / SF$269.49
Days on Market328
Property Features for 493 McKellar Circle
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Window features
- Drapes, Blinds
- Interior features
- Ceiling Fan(s), Window Treatments, Programmable Thermostat
- Exterior features
- Private Yard
- Appliances
- Dryer, Dishwasher, Disposal, Microwave, Oven, Range, Refrigerator
- Standard status
- Active
- APN
- 162-15-411-019
- Size
- 2,924 SF
- Lot size
- 0.11 Acres
Taxes and HOA fees
- Tax Annual Amount
- 1641
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
- Flooring type
- Vinyl
- Building materials
- Stucco
- Roof type
- Flat
- Architectural style
- Other
Listing Agency
Realty ONE Group, Inc
(702) 898-7575
2831 St Rose Pkwy #100, NV
Listed by
Csilla Zsok · License #S.0169866
(702) 328-7898
Added: Aug 25, 2025 Checked: Jul 18 at 8:06 am
MLS# 2712999
Listing URL
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.
This for-sale 4-plex is fully remodeled and presented as a turnkey income property, with four spacious 2-bedroom, 1-bath units. Each unit features modern interior finishes, in-unit laundry with a washer and dryer, upgraded kitchens with granite countertops and dishwashers, and included furnishings and TVs.
The property has a stated five-year history of operating successfully as a 31+ day Airbnb rental, with unit-by-unit usage documented in the listing’s remarks. Units #1 and #2 are described as month-to-month, while Units #3 and #4 are described as operating with Airbnb.
Located at 493 McKellar Circle in Las Vegas, NV, the offering is listed with no HOA fees. The property size is 2,924 square feet on a 0.11-acre lot.
The property has a stated five-year history of operating successfully as a 31+ day Airbnb rental, with unit-by-unit usage documented in the listing’s remarks. Units #1 and #2 are described as month-to-month, while Units #3 and #4 are described as operating with Airbnb.
Located at 493 McKellar Circle in Las Vegas, NV, the offering is listed with no HOA fees. The property size is 2,924 square feet on a 0.11-acre lot.
Key Highlights
- 4‑plex built in 1963 with no HOA fees
- All four units are 2‑bedroom, 1‑bath with in‑unit washer and dryer
- Unit #1 and Unit #2 rent for $1,500/month each on month‑to‑month contracts
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 | $50.9k | $17.40 |
| − Vacancy | −$2.8k | −$0.96 |
| EGI | $48.1k | $16.44 |
| − OpEx | −$14.4k | −$4.93 |
| NOI | $33.7k | $11.51 |
2,924 SF · lease $17.40/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$480.8K
$420.7K – $560.9K
NOI $33,656 @ 7.0% cap · market cap 4.27%
Second Best
Apartment 5plus
$444.3K
$388.8K – $518.4K
NOI $31,101 @ 7.0% cap · market cap 3.95%
Theoretical Best
Specialty Retail
$1.01M
$884.1K – $1.18M
NOI $70,726 @ 7.0% cap · market cap 8.98%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
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FAQs
What type of property is this?
Quadplex - Turnkey, fully remodeled 4-plex with four 2-bedroom units and in-unit laundry, offered with no HOA fees.
Where is this quadplex located?
The property is located at 493 McKellar Circle Las Vegas, NV.
What is the asking price?
The asking price for this property is $788,000.
What are key features of this property?
This property features: 4‑plex built in 1963 with no HOA fees; All four units are 2‑bedroom, 1‑bath with in‑unit washer and dryer; Unit #1 and Unit #2 rent for $1,500/month each on month‑to‑month contracts
