Las Vegas Fourplex with
505 Kolson Circle, Las Vegas, NV 89119
MULTI_FAMILY - Other - Las Vegas, NV
Property size:
3,528 SFLot size:
0.17 AcresPrice / SF:
$192/SF- Added:
- Jul 30, 2025
- Days on Market:
- 305
- Last Refresh:
- May 30 at 3:06 am
Property Features for 505 Kolson Circle
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Interior features
- Storage
- Appliances
- Oven, Range, Refrigerator
- Standard status
- Active
- APN
- 162-15-310-028
- Size
- 3,528 SF
- Lot size
- 0.17 Acres
Taxes and HOA fees
- Tax Annual Amount
- 1784
Utilities
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating), Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1963
- Floors in Building
- 2
- Number of units
- 4
- Flooring type
- Vinyl, Tile
- Building materials
- Brick, Stucco
- Roof type
- Tile
- Architectural style
- Other
- Additional Structures
- Storage
Listing agent Colleen McDonald License #S.0172426 (702) 348-8837
Listing office Realty ONE Group, Inc 10750 W Charleston Blvd #180, NV (702) 898-1221
Listing date Jul 30, 2025
MLS# 2705024
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.
HighLights
- Fourplex with strong rental potential, estimated at $1195 per unit per month.
- Recent upgrades including new flooring, updated kitchen and bathroom, and fresh paint.
- New windows and sliding glass doors offer enhanced energy efficiency and aesthetics.
- New AC unit ensures comfortable living for tenants.
- Keyless entry provides added security and convenience.
- Brick and Stucco construction with tile roof.
Overview
This fourplex in Las Vegas features 2-bedroom, 1-bath units. The property has been upgraded with new flooring, an updated bathroom, fresh paint, keyless entry, an updated kitchen, new windows, new sliding glass doors, and a new AC unit. The property has strong rental potential with an estimated income of $1195 per month. The lot size is 0.17 acres and the property size is 3528 square feet.
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 | $61.4k | $17.40 |
| − Vacancy | −$3.4k | −$0.96 |
| EGI | $58.0k | $16.44 |
| − OpEx | −$17.4k | −$4.93 |
| NOI | $40.6k | $11.51 |
3,528 SF · lease $17.40/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$580.1K
$507.6K – $676.8K
NOI $40,608 @ 7.0% cap · market cap 5.97%
Second Best
Apartment 5plus
$536.1K
$469.1K – $625.4K
NOI $37,526 @ 7.0% cap · market cap 5.52%
Theoretical Best
Specialty Retail
$1.22M
$1.07M – $1.42M
NOI $85,335 @ 7.0% cap · market cap 12.55%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Quadplexes
Location Insight
- Map
- Local Demand
- City
- Las Vegas
- County
- Clark
- State
- Nevada
- Longitude
- -115.151761
- Latitude
- 36.118826
Nearby Similar for Sale
FAQs
What type of property is this?
Quadplex - Charming fourplex in Las Vegas with recent upgrades and strong rental
Where is this quadplex located?
The property is located at 505 Kolson Circle Las Vegas, NV.
What is the asking price?
The asking price for this property is $680,000.
What are key features of this property?
This property features: Fourplex with strong rental potential, estimated at $1195 per unit per month.; Recent upgrades including **new flooring, updated kitchen and bathroom**, and fresh paint.; **New windows and sliding glass doors** offer enhanced energy efficiency and aesthetics.
