Updated Fourplex with Private
For Sale
$650,000
4961 Apollostar Court, Las Vegas, NV 89115
Four two-bedroom residences provide a multi-unit configuration with private storage for each household.
Property Size3,290 SF
Price / SF$197.57
Days on Market186
Property Features for 4961 Apollostar Court
General Information
Standard status
Active
Size
3,290 SF
Property subtype
Multi Family
Site & Location
Neighborhood
Sunrise
Public Transit
Yes
Units
Unit Mix
4 x 2BR/1BA
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$1,595
Amenities
private storage closet
Building Details
Building Size
3,290 SF
Year Built
1982
Listing Agency:
Fathom Realty
Listed By:
Maria G. Cegarra Guillen · License #S.0193735
(702) 936-9885
Source:
Mahsheed
Added: Apr 26
Changed: Oct 26
Last Checked: Oct 26 at 11:59AM
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 Fathom Realty
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Investment Insights
Based on property information with market context.
This 3,290-square-foot quadplex contains four 2-bedroom, 1-bath units, each with its own storage closet. Updates have been completed in the units, and the exterior is described as low-maintenance. The property was built in 1982 and has no HOA.
Located in Las Vegas, the property offers access to major roads, shopping, services, and public transportation.
Located in Las Vegas, the property offers access to major roads, shopping, services, and public transportation.
Key Highlights
- Four 2‑bedroom, 1‑bath units
- 3,290 square feet; built in 1982
- A private storage closet accompanies each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,369
Cap Rate
5.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$707,380
$707.4K
Cap Rate 7%
$505,271
$505.3K
Cap Rate 9%
$392,989
$393.0K
Market Conditions
NOI Build-Up for 3,290 SF
Gross rent
$53.3K $16.20/SF
− Vacancy
−$2.8K −$0.84/SF
EGI
$50.5K $15.36/SF
− OpEx
−$15.2K −$4.61/SF
NOI
$35.4K $10.75/SF
Area
ZIP 89115
Vacancy
5.20%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$707,380
Cap Rate 7%
$505,271
Cap Rate 9%
$392,989
Alternative Uses
Best Use
Multifamily LT 5
$505.3K
$442.1K – $589.5K
NOI $35,369 @ 7.0% cap · market cap 5.44%
Second Best
Apartment 5plus
$466.6K
$408.3K – $544.4K
NOI $32,661 @ 7.0% cap · market cap 5.02%
Theoretical Best
Office A
$983.6K
$860.7K – $1.15M
NOI $68,853 @ 7.0% cap · market cap 10.59%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
531
Businesses Nearby
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Business Placement
Demographics for 89115, NV
67,043
Population
21,670
Households
3.1
Avg Household Size
29
Median Age
9%
College-Educated
70%
High-School Grad
24.9 sq mi
ZIP Area
2,692
Density / Sq Mi
$49,648
Median Household Income
$32,198
Median Earnings
$1,294
Median Rent
$258,900
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 two-bedroom residences provide a multi-unit configuration with private storage for each household.
Where is this quadplex located?
The property is located at 4961 Apollostar Court Las Vegas, NV.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Four 2‑bedroom, 1‑bath units; 3,290 square feet; built in 1982; A private storage closet accompanies each unit
