Downtown Fourplex Investment
For Sale
$785,000
510 South 10th Street, Las Vegas, NV 89101
Four-unit income property for sale in downtown Las Vegas near dining, shopping, and transportation.
Property Size3,264 SF
Days on Market120
Property Features for 510 South 10th Street
General Information
Standard status
Active
Size
3,264 SF
Property subtype
Multi Family
Additional Details
Business Included
Yes
Taxes and HOA fees
Annual Taxes
$1,589
Building Details
Building Size
3,264 SF
Year Built
1953
Listing Agency:
Realty ONE Group, Inc
Listed By:
Lucelia Constante Lamothe · License #S.0203613
(702) 413-3102
Source:
Virtuelre
Added: Jun 12
Changed: Sep 24
Last Checked: Oct 7 at 5:20PM
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 Realty ONE Group, Inc
Investment Insights
Based on property information with market context.
This property is a fourplex designed for residential income use, offering a four-unit configuration under one ownership for sale. The offering is presented as a downtown Las Vegas multifamily asset.
Located at 510 S 10th St in downtown Las Vegas, the property is described as being near entertainment, dining, shopping, and transportation, with ongoing revitalization cited for the area. The provided mobility metrics include a 58 walk score, a 44 bike score, and a 45 transit score.
For buyers looking for a residential income property, this four-unit setup may align with underwriting focused on multiple-door rental diversification. Prospective investors and owner-operators should evaluate the current tenant situation, unit-level condition, and operating expenses during due diligence, using the location and access benefits highlighted in the listing.
Located at 510 S 10th St in downtown Las Vegas, the property is described as being near entertainment, dining, shopping, and transportation, with ongoing revitalization cited for the area. The provided mobility metrics include a 58 walk score, a 44 bike score, and a 45 transit score.
For buyers looking for a residential income property, this four-unit setup may align with underwriting focused on multiple-door rental diversification. Prospective investors and owner-operators should evaluate the current tenant situation, unit-level condition, and operating expenses during due diligence, using the location and access benefits highlighted in the listing.
Key Highlights
- Fourplex (4 units) income property for sale in downtown Las Vegas
- Year built: 1953
- Cash‑flowing fourplex near dining, shopping, and transportation
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,569
Cap Rate
4.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$751,380
$751.4K
Cap Rate 7%
$536,700
$536.7K
Cap Rate 9%
$417,433
$417.4K
Market Conditions
NOI Build-Up for 3,264 SF
Gross rent
$56.8K $17.40/SF
− Vacancy
−$3.1K −$0.96/SF
EGI
$53.7K $16.44/SF
− OpEx
−$16.1K −$4.93/SF
NOI
$37.6K $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 Rate 5%
$751,380
Cap Rate 7%
$536,700
Cap Rate 9%
$417,433
Alternative Uses
Best Use
Multifamily LT 5
$536.7K
$469.6K – $626.2K
NOI $37,569 @ 7.0% cap · market cap 4.79%
Second Best
Apartment 5plus
$496.0K
$434.0K – $578.6K
NOI $34,718 @ 7.0% cap · market cap 4.42%
Theoretical Best
Specialty Retail
$1.13M
$986.9K – $1.32M
NOI $78,949 @ 7.0% cap · market cap 10.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
4,281
Businesses Nearby
Explore this area
Business Placement
Demographics for 89101, NV
42,465
Population
18,258
Households
2.3
Avg Household Size
35
Median Age
11%
College-Educated
66%
High-School Grad
5.4 sq mi
ZIP Area
7,864
Density / Sq Mi
$38,653
Median Household Income
$29,471
Median Earnings
$1,008
Median Rent
$258,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit income property for sale in downtown Las Vegas near dining, shopping, and transportation.
Where is this quadplex located?
The property is located at 510 South 10th Street Las Vegas, NV.
What is the asking price?
The asking price for this property is $785,000.
What are key features of this property?
This property features: Fourplex (4 units) income property for sale in downtown Las Vegas; Year built: 1953; Cash‑flowing fourplex near dining, shopping, and transportation
