Multi-Family Income
For Sale
$985,000
5145 Kell Lane, Las Vegas, NV 89156
Residential, Las Vegas, NV
Property Size4,513 SF
Lot Size1.24 Acres
Price / SF$218.26
Days on Market119
Property Features for 5145 Kell Lane
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Parking features
Covered
Interior features
Storage
Appliances
Oven, Range, Refrigerator
Elementary school
,
Directions
From 95 & Charleston head east to Nellis and then left to Kell Ln and take a right. Buildings are on the right.
Standard status
Active
APN
140-21-401-002
Size
4,513 SF
Lot size
1.24 Acres
Taxes and HOA fees
Tax Annual Amount
2781
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating)
Cooling system
Window Unit(s)
Water source
Public
Building Details
Year built
1947
Floors in Building
1
Number of units
4
Flooring type
Tile - Ceramic
Building materials
Stucco, Wood Frame
Roof type
Shingle, Composition
Architectural style
Other
Additional Structures
Storage
Listing Agency:
Keller Williams VIP · Keller Williams Realty
(702) 905-1110
Listed By:
Dale A. Snyder · License #S.0066714
(702) 625-3256
Added: Jun 30
Changed: Oct 12
Last Checked: Oct 26 at 2:06AM
MLS# 2795999
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 for-sale multi-family income property at 5145 Kell Lane consists of five single-family homes, one duplex, and two additional income-producing vacant lots. The property was extensively remodeled approximately four years ago and is described as well maintained. Each unit includes a private yard and private driveway, providing dedicated outdoor space and tenant parking.
The parcel is located in Las Vegas, NV, within walking distance of shopping, services, and public transportation, according to the public remarks. The existing configuration is positioned for immediate income generation based on the stated income-producing components of the property.
The overall asset totals multiple revenue units in addition to the two vacant lots, creating a multi-stream income setup. Buyer should verify any future expansion or redevelopment opportunities mentioned in the remarks.
The parcel is located in Las Vegas, NV, within walking distance of shopping, services, and public transportation, according to the public remarks. The existing configuration is positioned for immediate income generation based on the stated income-producing components of the property.
The overall asset totals multiple revenue units in addition to the two vacant lots, creating a multi-stream income setup. Buyer should verify any future expansion or redevelopment opportunities mentioned in the remarks.
Key Highlights
- 7‑unit income‑producing property on approx. 1.2 acres with five single‑family homes, one duplex, and two vacant income‑producing lots
- Extensively remodeled approximately 4 years ago and positioned for immediate income generation
- Private yard and driveway for each unit, plus ample tenant parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,003
Cap Rate
4.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$960,060
$960.1K
Cap Rate 7%
$685,757
$685.8K
Cap Rate 9%
$533,367
$533.4K
Market Conditions
NOI Build-Up for 4,513 SF
Gross rent
$92.1K $20.40/SF
− Vacancy
−$4.8K −$1.06/SF
EGI
$87.3K $19.34/SF
− OpEx
−$39.3K −$8.70/SF
NOI
$48.0K $10.64/SF
Area
Las Vegas, NV
Vacancy
5.20%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$960,060
Cap Rate 7%
$685,757
Cap Rate 9%
$533,367
Alternative Uses
Best Use
Apartment 5plus
$685.8K
$600.0K – $800.1K
NOI $48,003 @ 7.0% cap · market cap 4.87%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.56M
$1.36M – $1.82M
NOI $109,160 @ 7.0% cap · market cap 11.08%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
7
Residential units
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
496
Businesses Nearby
Explore this area
Business Placement
Demographics for 89156, NV
30,067
Population
10,413
Households
2.9
Avg Household Size
33
Median Age
14%
College-Educated
74%
High-School Grad
44.7 sq mi
ZIP Area
673
Density / Sq Mi
$69,783
Median Household Income
$36,342
Median Earnings
$1,354
Median Rent
$288,800
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Multifamily property - Income property with five single-family homes, one duplex, and two income-producing vacant lots on one parcel.
Where is this multifamily property located?
The property is located at 5145 Kell Lane Las Vegas, NV.
What is the asking price?
The asking price for this property is $985,000.
What are key features of this property?
This property features: 7‑unit income‑producing property on approx. 1.2 acres with five single‑family homes, one duplex, and two vacant income‑producing lots; Extensively remodeled approximately 4 years ago and positioned for immediate income generation; Private yard and driveway for each unit, plus ample tenant parking
