Quadplex with Townhome-Style
For Sale
$599,999
5187 Greene Lane, Las Vegas, NV 89119
All four residences are occupied and include private laundry areas and attached garages.
Property Size3,844 SF
Days on Market13
Property Features for 5187 Greene Lane
General Information
Standard status
Active
Size
3,844 SF
Total Parking Spaces
4
Property subtype
Multi Family
Occupancy
100%
Units
Unit Mix
2 x 1BR, 1 x 2BR, 1 x 3BR
Multifamily Units
4
Parking per Unit
1
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$2,151
Amenities
in-unit laundry
pool
BBQ areas
clubhouse
Building Details
Building Size
3,844 SF
Year Built
1977
Buildings
1
Listing Agency:
First Full Service Realty
Listed By:
Ruchelle R. Stuart · License #B.0053430
(702) 373-9939
Source:
Virtuelre
Added: Oct 16
Changed: Oct 25
Last Checked: Oct 26 at 11:18PM
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 First Full Service Realty
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Investment Insights
Based on property information with market context.
Built in 1977, this four-unit property has a two-story, townhome-style layout. The unit mix comprises two one-bedroom residences, one two-bedroom residence, and one three-bedroom residence; three units have been renovated. Each residence includes an in-unit laundry area and a private, attached one-car garage. All four units are occupied.
Community amenities include a pool, BBQ areas, and a clubhouse. The property is located between Harry Reid International Airport and UNLV, with access to the Las Vegas Convention Center, public transportation, shopping, dining, and entertainment.
Community amenities include a pool, BBQ areas, and a clubhouse. The property is located between Harry Reid International Airport and UNLV, with access to the Las Vegas Convention Center, public transportation, shopping, dining, and entertainment.
Key Highlights
- Four occupied units: two one‑bedroom, one two‑bedroom, and one three‑bedroom residence
- Three of the four units have been renovated
- Two‑story, townhome‑style layouts
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
Who owns this building?
See the owner, sales and loan history
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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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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - All four residences are occupied and include private laundry areas and attached garages.
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 occupied units: two one‑bedroom, one two‑bedroom, and one three‑bedroom residence; Three of the four units have been renovated; Two‑story, townhome‑style layouts
