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Two-Building Fourplex Portfolio
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5198 Greene Ln, Las Vegas, NV 89119

Gated apartment community offers townhome layouts, private garages, patios, and access to shared recreational amenities.

Property SizeContact for details
Days on Market143

Property Features for 5198 Greene Ln

General Information

Standard status Active
Total Parking Spaces 8
Property subtype Multifamily

Units

Multifamily Units 8
Parking per Unit 1

Additional Details

Public Transit Yes

Amenities

Private Patios
Community Pool
Bbq Grills
In Unit Washer/Dryer
Gated Community

Building Details

Year Built 1977
Buildings 2
Listing Agency: Northcap Commercial
Listed By: Robin Willett · License #NV 69662
Source: Crexi
Added: Apr 12 Changed: Aug 31 Last Checked: Aug 29 at 1:24PM

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 Northcap Commercial

Investment Insights

Based on property information with market context.

This offering includes two fourplex buildings within the gated Parkway Villas apartment community. The property was constructed in 1977 and contains one-, two-, and three-bedroom residences with two-story townhome layouts. Each unit includes a washer and dryer, personal garage, and private patio. Community amenities include a swimming pool and barbecue grills.

The property is located in Las Vegas’ University District, four blocks from the University of Nevada, Las Vegas, and less than two miles from McCarran International Airport. Public transportation is available immediately outside the community gate. The surrounding district includes restaurants, coffee shops, shopping, and entertainment venues such as Pinball Hall of Fame, SeaQuest Las Vegas, and the Las Vegas Convention Center.

Key Highlights

  • Two fourplex buildings within the gated Parkway Villas apartment community
  • 1977 construction with one-, two-, and three‑bedroom floor plans
  • Two‑story townhome layouts with in‑unit washers and dryers

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick Dental Office Building Supply Daycare Center Law Firm Kitchen & Bath Showroom Home Appliance Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

8
Residential units

Location Intelligence

Trade Area within ½ mile

1,162
Businesses Nearby

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

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Quadplex - Gated apartment community offers townhome layouts, private garages, patios, and access to shared recreational amenities.
Where is this quadplex located?
The property is located at 5198 Greene Ln Las Vegas, NV.
What are key features of this property?
This property features: Two fourplex buildings within the gated Parkway Villas apartment community; 1977 construction with one-, two-, and three‑bedroom floor plans; Two‑story townhome layouts with in‑unit washers and dryers
More about this property
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