4-Unit Townhome-Style
New
For Sale
$574,999
5228 Garden Lane, Las Vegas, NV 89119
Residential, Las Vegas, NV
Property Size3,648 SF
Lot Size0.11 Acres
Price / SF$157.62
Days on Market2
Property Features for 5228 Garden 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 Gardens Sub 2nd
Elementary school
,
Directions
From Tropicana Ave & Maryland Pkwy - South on Maryland Pkwy - Right on Century Garden Dr Into Community - First Left on Garden Ln - Building #5228 on the Left.
Standard status
Active
APN
162-27-616-013
Size
3,648 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Annual Amount
1889
Utilities
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Central Air
Water source
Public
Amenities
pool
BBQ areas
clubhouse
in-unit laundry
Building Details
Year built
1977
Floors in Building
2
Number of units
4
Flooring type
Carpet, Tile, Vinyl
Building materials
Stucco
Roof type
Composition, Shingle
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 10:06AM
MLS# 2827347
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 3,648-square-foot quadplex contains four two-story, townhome-style residences with one-, two-, and three-bedroom layouts. Each unit has a private one-car garage and an in-unit laundry area. Shared outdoor and community amenities include a pool, BBQ areas, and a clubhouse.
The property is in Las Vegas between Harry Reid International Airport and UNLV, with the Las Vegas Convention Center also nearby. The building was constructed in 1977 and has a composition shingle roof, central air conditioning, and central electric heating. Improvements include a newer roof and A/C units, updated appliances, and renovations to Unit D.
The property is in Las Vegas between Harry Reid International Airport and UNLV, with the Las Vegas Convention Center also nearby. The building was constructed in 1977 and has a composition shingle roof, central air conditioning, and central electric heating. Improvements include a newer roof and A/C units, updated appliances, and renovations to Unit D.
Key Highlights
- Four two‑story units with one-, two-, and three‑bedroom floor plans
- 3,648 square feet on a 0.11‑acre lot
- Each residence has a private one‑car garage and in‑unit laundry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,989
Cap Rate
7.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$839,780
$839.8K
Cap Rate 7%
$599,843
$599.8K
Cap Rate 9%
$466,544
$466.5K
Market Conditions
NOI Build-Up for 3,648 SF
Gross rent
$63.5K $17.40/SF
− Vacancy
−$3.5K −$0.96/SF
EGI
$60.0K $16.44/SF
− OpEx
−$18.0K −$4.93/SF
NOI
$42.0K $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%
$839,780
Cap Rate 7%
$599,843
Cap Rate 9%
$466,544
Alternative Uses
Best Use
Multifamily LT 5
$599.8K
$524.9K – $699.8K
NOI $41,989 @ 7.0% cap · market cap 7.30%
Second Best
Apartment 5plus
$554.3K
$485.0K – $646.7K
NOI $38,802 @ 7.0% cap · market cap 6.75%
Theoretical Best
Specialty Retail
$1.26M
$1.10M – $1.47M
NOI $88,238 @ 7.0% cap · market cap 15.35%
Zoning and permitted uses should be independently verified with authorities.
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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
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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 residences offer private garages, in-unit laundry, and access to a shared pool, BBQ areas, and clubhouse.
Where is this quadplex located?
The property is located at 5228 Garden Lane Las Vegas, NV.
What is the asking price?
The asking price for this property is $574,999.
What are key features of this property?
This property features: Four two‑story units with one-, two-, and three‑bedroom floor plans; 3,648 square feet on a 0.11‑acre lot; Each residence has a private one‑car garage and in‑unit laundry
