Townhome-Style
New
For Sale
$599,999
5187 Greene Lane, Las Vegas, NV 89119
Residential, Las Vegas, NV
Property Size3,844 SF
Lot Size0.09 Acres
Price / SF$156.09
Days on Market2
Property Features for 5187 Greene Lane
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking features
Garage
Window features
Blinds
Interior features
Ceiling Fan(s), Window Treatments
Appliances
Dryer, Dishwasher, Disposal, Oven, Range, Refrigerator, Washer
Subdivision
Century Garden Sub Amd
Elementary school
,
Directions
From Tropicana Ave & Maryland Pkwy - South on Maryland Pkwy - Right on Century Garden Dr Into Community - Left on Greene Ln - Building #5187 on the Right.
Standard status
Active
APN
162-27-611-336
Size
3,844 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Annual Amount
2151
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Central Air
Water source
Public
Amenities
pool
BBQ areas
clubhouse
Building Details
Year built
1977
Floors in Building
2
Number of units
4
Flooring type
Vinyl, Carpet, Tile
Building materials
Stucco
Roof type
Shingle, Composition
Architectural style
Other
Listing Agency:
First Full Service Realty
Listed By:
Ruchelle R. Stuart · License #B.0053430
(702) 373-9939
Added: Oct 16
Last Checked: Oct 17 at 9:06AM
MLS# 2827345
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 3,844-square-foot quadplex contains four two-story, townhome-style residences: two one-bedroom units, one two-bedroom unit and one three-bedroom unit. Three units have been renovated, and all four include in-unit laundry and a private attached one-car garage. The property was built in 1977 and occupies a 0.0935-acre lot. Community amenities include a pool, BBQ areas and a clubhouse.
The Las Vegas property sits between Harry Reid International Airport and UNLV, with access to the Las Vegas Convention Center, public transportation, shopping, dining and entertainment. All four units are currently occupied.
The Las Vegas property sits between Harry Reid International Airport and UNLV, with access to the Las Vegas Convention Center, public transportation, shopping, dining and entertainment. All four units are currently occupied.
Key Highlights
- Four units: two one‑bedroom, one two‑bedroom and one three‑bedroom residence
- 3,844 square feet on a 0.0935‑acre lot
- Three of the four units have been renovated
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,245
Cap Rate
7.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$884,900
$884.9K
Cap Rate 7%
$632,071
$632.1K
Cap Rate 9%
$491,611
$491.6K
Market Conditions
NOI Build-Up for 3,844 SF
Gross rent
$66.9K $17.40/SF
− Vacancy
−$3.7K −$0.96/SF
EGI
$63.2K $16.44/SF
− OpEx
−$19.0K −$4.93/SF
NOI
$44.2K $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%
$884,900
Cap Rate 7%
$632,071
Cap Rate 9%
$491,611
Alternative Uses
Best Use
Multifamily LT 5
$632.1K
$553.1K – $737.4K
NOI $44,245 @ 7.0% cap · market cap 7.37%
Second Best
Apartment 5plus
$584.1K
$511.1K – $681.5K
NOI $40,887 @ 7.0% cap · market cap 6.81%
Theoretical Best
Specialty Retail
$1.33M
$1.16M – $1.55M
NOI $92,978 @ 7.0% cap · market cap 15.50%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,162
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
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Four occupied residences pair two-story layouts with private garages and in-unit laundry.
Where is this quadplex located?
The property is located at 5187 Greene Lane Las Vegas, NV.
What is the asking price?
The asking price for this property is $599,999.
What are key features of this property?
This property features: Four units: two one‑bedroom, one two‑bedroom and one three‑bedroom residence; 3,844 square feet on a 0.0935‑acre lot; Three of the four units have been renovated
