Fourplex with Private Outdoor
512 Albert Avenue, Las Vegas, NV 89119
For Sale
New
$788,000
Residential, Las Vegas, NV
Property Size2,924 SF
Lot Size0.19 Acres
Price / SF$269.49
Days on Market4
Property Features for 512 Albert Avenue
General Information
Property type
Property subtype
Patio and Porch features
Exterior features
Appliances
Subdivision
Elementary school
Directions
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Individually Metered Utilities
Taxes and HOA fees
Tax Annual Amount
Utilities
Sewer type
Heating system
Cooling system
Water source
Amenities
private patios
balconies
enclosed yards
onsite laundry room
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Roof type
Architectural style
Buildings
Listing Agency:
Huntington & Ellis, A Real Est
(702) 583-3030
Listed By:
Mario Vitale · License NV S.0190117
(702) 686-9433
Added: Nov 10
Changed: Nov 13
Last Checked: Nov 13 at 11:06PM
MLS# 2834019
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.
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Investment Insights
Based on property information with market context.
This 1963 fourplex contains four two-bedroom units across 2,924 square feet on a 0.19-acre lot. Stucco construction, a tile roof, tile flooring, central air, and natural gas heat are among the building features. Each residence has private outdoor space, including patios, balconies, and enclosed yards. An on-site laundry room is equipped with owner-owned machines.
The property is in Las Vegas, about a mile east of the Strip and roughly 3 miles from Harry Reid International Airport. Public water and public sewer serve the property. Electricity and gas are separately metered, with tenants responsible for those utilities. No HOA.
The property is in Las Vegas, about a mile east of the Strip and roughly 3 miles from Harry Reid International Airport. Public water and public sewer serve the property. Electricity and gas are separately metered, with tenants responsible for those utilities. No HOA.
Key Highlights
- Four two‑bedroom units totaling 2,924 square feet
- 0.19‑acre lot in Las Vegas
- Approximately 1 mile east of the Strip and roughly 3 miles from Harry Reid International Airport
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,656
Cap Rate
4.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$673,120
$673.1K
Cap Rate 7%
$480,800
$480.8K
Cap Rate 9%
$373,956
$374.0K
Market Conditions
NOI Build-Up for 2,924 SF
Gross rent
$50.9K $17.40/SF
− Vacancy
−$2.8K −$0.96/SF
EGI
$48.1K $16.44/SF
− OpEx
−$14.4K −$4.93/SF
NOI
$33.7K $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%
$673,120
Cap Rate 7%
$480,800
Cap Rate 9%
$373,956
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 authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Lease Details
4
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2,500
Businesses Nearby
Explore this area
Business Placement
Demographics for 89119, NV
48,895
Population
24,756
Households
2
Avg Household Size
36
Median Age
20%
College-Educated
84%
High-School Grad
12.9 sq mi
ZIP Area
3,790
Density / Sq Mi
$46,472
Median Household Income
$32,590
Median Earnings
$1,184
Median Rent
$301,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Quadplexes in Las Vegas, NV
Properties on Market for Quadplexes in Las Vegas
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Four two-bedroom residences include individual patios, balconies, and enclosed yards, plus an on-site laundry room.
Where is this quadplex located?
The property is located at 512 Albert Avenue 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: Four two‑bedroom units totaling 2,924 square feet; 0.19‑acre lot in Las Vegas; Approximately 1 mile east of the Strip and roughly 3 miles from Harry Reid International Airport
