New Construction 4-Plex with
For Sale
$1,507,232
513 North 13th Bldg A St, Las Vegas, NV 89101
New construction 4-plex with valley views and modern finishes.
Property Size4,288 SF
Price / SF$351.50
Days on Market218
Property Features for 513 North 13th Bldg A St
General Information
Standard status
Active
Size
4,288 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
Homeless Corridor
Building Details
Year Built
2023
Listing Agency:
BHHS Nevada Properties
Listed By:
Jack Woodcock · License #B.0000855
(702) 362-8700
Source:
Tmgluxury
Added: Mar 26
Changed: Oct 26
Last Checked: Oct 28 at 1:58PM
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 BHHS Nevada Properties
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Investment Insights
Based on property information with market context.
This new construction 4-plex features 10 FT ceilings, an open floor plan, a kitchen island, modern finishes, and full stainless steel appliances. This townhouse-style home includes dual masters and a large private patio with views of the Las Vegas valley. The property size is 4080 square feet. Construction is scheduled to begin in 2021. There will be two 4-plexes built on this site.
Key Highlights
- New construction 4‑plex built in 2021
- Dual master suites offer flexibility and comfort.
- Enjoy a large private patio with Las Vegas Valley views.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,355
Cap Rate
3.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$987,100
$987.1K
Cap Rate 7%
$705,071
$705.1K
Cap Rate 9%
$548,389
$548.4K
Market Conditions
NOI Build-Up for 4,288 SF
Gross rent
$74.6K $17.40/SF
− Vacancy
−$4.1K −$0.96/SF
EGI
$70.5K $16.44/SF
− OpEx
−$21.2K −$4.93/SF
NOI
$49.4K $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%
$987,100
Cap Rate 7%
$705,071
Cap Rate 9%
$548,389
Alternative Uses
Best Use
Multifamily LT 5
$705.1K
$616.9K – $822.6K
NOI $49,355 @ 7.0% cap · market cap 3.27%
Second Best
Apartment 5plus
$651.6K
$570.1K – $760.2K
NOI $45,610 @ 7.0% cap · market cap 3.03%
Theoretical Best
Specialty Retail
$1.48M
$1.30M – $1.73M
NOI $103,718 @ 7.0% cap · market cap 6.88%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Location Intelligence
Trade Area within ½ mile
1,435
Businesses Nearby
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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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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - New construction 4-plex with valley views and modern finishes.
Where is this quadplex located?
The property is located at 513 North 13th Bldg A St Las Vegas, NV.
What is the asking price?
The asking price for this property is $1,507,232.
What are key features of this property?
This property features: New construction 4‑plex built in 2021; Dual master suites offer flexibility and comfort.; Enjoy a large private patio with Las Vegas Valley views.
